CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
1. Insurance is defined as? A contract whereby one
un- dertakes to indemnify
another against loss,
damage, or liabil- ity
arising from a contingent
or unknown event.
2. A written instrument in which a contract policy
of insurance is set forth is the?
An agreement between the insurer and
the insured, the person who is covered
by the insurance, is established in a legal
docu- ment referred to as a contract of
insurance
3. Loss is? defined as reduction in
the val- ue of an asset
4. To be paid for a loss the insured making a claim
must notify the insurer by?
5. What is an insurable An interest in the life of
interest? It must be based an in- dividual by which
on? there will be a loss if the
insured dies.
Either a family relationship
or on economic factors
Must ex- ist at the tie of
application, not
necessarily at the time of
loss. If you would benefit if
a person continues to live,
you have an insurable
interest in that per- son.
6. To "rescind" a policy means to? void or cancel the policy fla
1
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
by
returning all premiums to
the insured. It is as if the
policy never existed and
no cover- age applies
7. What is fraud?
2
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
An intentional and fraudulent
omission on the part of
an in- sured that allows
the insurer to rescind the
contract
8. What is perjury? A false representation
on a signed claim form
9. Concealment is? the neglect to
communicate that which
a party knows and ought
to communicate
10. Does concealment, whether intentional Yes
or unintentional, entitle the injured party
to rescind the insurance?
11. What is an express warranty? A statement in a policy of a
matter relating to the
person or thing insured,
or to the risk, as a fact
12. A warranty may relate to the past, the Tru
pre- sent, or the future? True or False
13. Does a violation of a material warranty on e
the part of either party entitles the other
other to rescind the insurance contract?
Yes/No Yes
14. How is materiality determined? by the probable influence o
the facts upon the
underwriter in forming
their opinion of
3
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
the disadvantages of the
pro- posed contract
15. Is a particular form of words necessary to No
create a warranty? Yes/No
16. A representation may be?
4
atm4success
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
1. Insurance is defined as? A contract whereby one
un- dertakes to indemnify
another against loss,
damage, or liabil- ity
arising from a contingent
or unknown event.
2. A written instrument in which a contract policy
of insurance is set forth is the?
An agreement between the insurer and
the insured, the person who is covered
by the insurance, is established in a legal
docu- ment referred to as a contract of
insurance
3. Loss is? defined as reduction in
the val- ue of an asset
4. To be paid for a loss the insured making a claim
must notify the insurer by?
5. What is an insurable An interest in the life of
interest? It must be based an in- dividual by which
on? there will be a loss if the
insured dies.
Either a family relationship
or on economic factors
Must ex- ist at the tie of
application, not
necessarily at the time of
loss. If you would benefit if
a person continues to live,
you have an insurable
interest in that per- son.
6. To "rescind" a policy means to? void or cancel the policy fla
1
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
by
returning all premiums to
the insured. It is as if the
policy never existed and
no cover- age applies
7. What is fraud?
2
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
An intentional and fraudulent
omission on the part of
an in- sured that allows
the insurer to rescind the
contract
8. What is perjury? A false representation
on a signed claim form
9. Concealment is? the neglect to
communicate that which
a party knows and ought
to communicate
10. Does concealment, whether intentional Yes
or unintentional, entitle the injured party
to rescind the insurance?
11. What is an express warranty? A statement in a policy of a
matter relating to the
person or thing insured,
or to the risk, as a fact
12. A warranty may relate to the past, the Tru
pre- sent, or the future? True or False
13. Does a violation of a material warranty on e
the part of either party entitles the other
other to rescind the insurance contract?
Yes/No Yes
14. How is materiality determined? by the probable influence o
the facts upon the
underwriter in forming
their opinion of
3
atm4success
, CA LIFE ACCIDENT AND HEALTH EXAM 2025 ACTUAL EXAM COMPLET 300 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ALREADY GRADED A+
Study online at https://quizlet.com/_g36fq2
the disadvantages of the
pro- posed contract
15. Is a particular form of words necessary to No
create a warranty? Yes/No
16. A representation may be?
4
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