1|Page
CA INSURANCE LIFE, ACCIDENT & HEALTH EXAM|| ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100% CORRECT ANSWERS WITH
RATIONALES|| LATEST AND COMPLETE UPDATE WITH EXPERT
VERIFIED SOLUTIONS
Unless it is merely a statement of an expectation or belief, a representation as to
the future is considered which of the following?
A) Promise
B) Provision
C) Liability
D) Description
Promise
In health insurance the coinsurance is?
A percentage paid for covered expenses by the insured and insurer after the deductible
is satisfied
If a life agent sells a whole life policy to a prospect on behalf of an insurer without an
appointment, the
the insurer must submit a notice of appointment to the Commissioner within 14
days
,2|Page
What type of insurance usually purchased in connection with a mortgage loan?
A) Adjustable term
B) Level term
C) Increasing term
D) Decreasing term
Decreasing term
If an applicant has been convicted of a misdemeanor and that misdemeanor conviction
is later expunged pursuant in CA penal code section 1203 what is true?
Misdemeanors are required to be reported for 10 years from the date of conviction.
As defined in the CA Insurance code, "insurance" means? a
contract to indemnify against loss
Under PPACA, can an adult be covered by their parents' insurance coverage as a
dependent?
Yes, up to age 26 as long as the plan already provides dependent coverage.
In the absence of a coordination of benefits clause, all of the following
circumstances might result in recovery of more than 100% of actual health care
except?
A worker's group medical plan includes a carryover deductible provision.
,3|Page
Which of the following is NOT an example of cost sharing in health insurance policy?
A) Copayments
B) Deductibles
C) Coinsurance
D) Coordination
D) Coordination
The theory of probability is applied to life insurance through the use of Mortality
tables
Which policy allows the insured to choose where the assets backing cash value are
invested?
Variable Life
Which policy pays the pays the face amount if the insured survives to the end of a certain
period?
Endowment insurance
, 4|Page
What does the statement "Life insurance creates an immediate estate" mean? The
total death benefit is paid immediately whenever the insured dies.
Under the PPACA, which medical enrollment tier is 80% actuarial value? Gold
plans
According to the employee retirement income security act of 1974 (ERISA) fiduciary
standards, benefit plans are operated for:
A. Plan sponsors and beneficiaries
B. Plan sponsors and employees
C. Plan participants and employees
D. Plan participants and beneficiaries
D. Plan participants and beneficiaries
Which report about an insurance applicant's credit worthiness and personal
characteristics may influence eligibility for life and health insurance?
Consumer report
What does the term "illustration" mean when used in the phrase "life insurance
policy illustration", according to the California Insurance Code?
CA INSURANCE LIFE, ACCIDENT & HEALTH EXAM|| ACCURATE AND
FREQUENTLY TESTED QUESTIONS AND 100% CORRECT ANSWERS WITH
RATIONALES|| LATEST AND COMPLETE UPDATE WITH EXPERT
VERIFIED SOLUTIONS
Unless it is merely a statement of an expectation or belief, a representation as to
the future is considered which of the following?
A) Promise
B) Provision
C) Liability
D) Description
Promise
In health insurance the coinsurance is?
A percentage paid for covered expenses by the insured and insurer after the deductible
is satisfied
If a life agent sells a whole life policy to a prospect on behalf of an insurer without an
appointment, the
the insurer must submit a notice of appointment to the Commissioner within 14
days
,2|Page
What type of insurance usually purchased in connection with a mortgage loan?
A) Adjustable term
B) Level term
C) Increasing term
D) Decreasing term
Decreasing term
If an applicant has been convicted of a misdemeanor and that misdemeanor conviction
is later expunged pursuant in CA penal code section 1203 what is true?
Misdemeanors are required to be reported for 10 years from the date of conviction.
As defined in the CA Insurance code, "insurance" means? a
contract to indemnify against loss
Under PPACA, can an adult be covered by their parents' insurance coverage as a
dependent?
Yes, up to age 26 as long as the plan already provides dependent coverage.
In the absence of a coordination of benefits clause, all of the following
circumstances might result in recovery of more than 100% of actual health care
except?
A worker's group medical plan includes a carryover deductible provision.
,3|Page
Which of the following is NOT an example of cost sharing in health insurance policy?
A) Copayments
B) Deductibles
C) Coinsurance
D) Coordination
D) Coordination
The theory of probability is applied to life insurance through the use of Mortality
tables
Which policy allows the insured to choose where the assets backing cash value are
invested?
Variable Life
Which policy pays the pays the face amount if the insured survives to the end of a certain
period?
Endowment insurance
, 4|Page
What does the statement "Life insurance creates an immediate estate" mean? The
total death benefit is paid immediately whenever the insured dies.
Under the PPACA, which medical enrollment tier is 80% actuarial value? Gold
plans
According to the employee retirement income security act of 1974 (ERISA) fiduciary
standards, benefit plans are operated for:
A. Plan sponsors and beneficiaries
B. Plan sponsors and employees
C. Plan participants and employees
D. Plan participants and beneficiaries
D. Plan participants and beneficiaries
Which report about an insurance applicant's credit worthiness and personal
characteristics may influence eligibility for life and health insurance?
Consumer report
What does the term "illustration" mean when used in the phrase "life insurance
policy illustration", according to the California Insurance Code?
