CALIFORNIA LIFE AND HEALTH INSURANCE STATE EXAM TEST BANK WITH 200 QUESTIONS AND 100% CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, ACCIDENT AND HEALTH INSURANCE LICENSE AGENT EXAM 2024(NEW!!)

CALIFORNIA LIFE AND HEALTH INSURANCE STATE EXAM TEST BANK WITH 200 QUESTIONS AND 100% CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, ACCIDENT AND HEALTH INSURANCE LICENSE AGENT EXAM 2024(NEW!!) The California Life and Health Insurance Guarantee Association covers all of these types of policies, EXCEPT Whole life Immediate annuities Disability Self-funded plans - ANSWER-Self-funded plans Bruce is involved in an accident and becomes totally and permanently disabled. His insurance policy continues in force without payment of further premiums. Which policy provision is responsible for this? Waiver of premium provision Insuring provision Return of premium provision Automatic premium loan provision - ANSWER-Waiver of premium provision The California Insurance Code requires that an insurer must have enough assets to cover its liabilities and for reinsurance of all outstanding risks. To remain solvent, it must also possess additional assets equal to what amount? 50% of its stock value It's paid-in capital $10,000,000