Califomia Life, Accident And Health Insurance Course Exam 1 - 3 (100% Correct)

Califomia Life, Accident And Health Insurance Course Exam 1 - 3 (100% Correct) Question #90476 Carol is injured driving a company car at work. Her Health insurance coverage: A. Provides excess or supplementary coverage B. Will provide coverage on a pro-rata basis with Workers Compensation C. Will cover her injuries D. Will not cover her since this is an occupational injury - CORRECT ANSWER: D Explanation: Most Health insurance provides 'non-occupational' (off the job) coverage for sickness or injury, meaning that occupational coverage is excluded. However, if a person is not required to be covered by Workers Compensation, some Health policies will cover both on and off the job, which is known as 'occupational' coverage. Question #90486 The minimum participation percentage for large group insurance under the California code is: A. 50% B. 40% c. 75% D. 25% - CORRECT ANSWER: C Explanation: The California Insurance Code requires a 75% minimum participation percentage for large group Life insurance. Question #90409 All of the following are classified as Life insurance EXCEPT: AWh01e life BTerm CEndowment DAccidenta1 Death 8 Dismemberment (AD&D) - CORRECT ANSWER: D Explanation: AD&D is a type of Disability (Health) insurance, not Life. Question #90464 A client invests $50,000 in after-tax dollars into a deferred annuity over a period oftime. When he annuitizes, he will receive $4,000 a year over his projected life span. If his total return is expected to be $100,000, how much of the client's $4,000 annual annuity pay-out will be taxable each year for the first 10 years: A$800