California Life, Accident, and Health Licensing
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Co-insurance The policy provision which requires the insurer and
the insured to share in the cost of services
rendered
Exclusion ratio The formula which is used by the IRS to determine
how much is taxable to an annuitant during the pay
out period.
Occupational policy When a disability income policy provides coverage
for injuries which occur on and off the job
Most disability income policies are They only cover the insured if they become
non occupational, meaning disabled while away from work.
Self employed individuals doesn't workers compensation coverage. They need
have coverage both on and off the job (occupational).
A life agent who offers for sale or The Notice Regarding Standards for Medi-Cal
sells any financial product on the Eligibility. Must be signed by applicant.
basis of its treatment under the
MediCal Program must provide
A widow or widower without any 60
children is eligible for social security
survivors benefits at age
, A surviving spouse is eligible for 60
social security survivor's benefits at
age
An authorized, or admitted carrier one which is under compliance with the California
(insurer) Insurance Code (CIC) and can operate legally in
California
Which type of life insurance utilizes Traditional whole life
the "level premium concept"
Disability income policy proceeds monthly
must be paid out at least
What life insurance rider will pay a The disability income rider. It is a type of health
monthly benefit to the insured when (disability) insurance
they become disabled
Dread (Specified) Disease policies, Treatment for one specific disease
such as cancer insurance, covers
The benefit paid out for a residual a loss of a minimum of 20% of income
disability in a disability income policy
is based upon
Agent may be either Captive (Exclusive) or independent
Captive agents agents who agree by contract to represent only
one insurer in the sale of insurance
Independent agents usually self-employed and often represent several
insurance companies
Save
Co-insurance The policy provision which requires the insurer and
the insured to share in the cost of services
rendered
Exclusion ratio The formula which is used by the IRS to determine
how much is taxable to an annuitant during the pay
out period.
Occupational policy When a disability income policy provides coverage
for injuries which occur on and off the job
Most disability income policies are They only cover the insured if they become
non occupational, meaning disabled while away from work.
Self employed individuals doesn't workers compensation coverage. They need
have coverage both on and off the job (occupational).
A life agent who offers for sale or The Notice Regarding Standards for Medi-Cal
sells any financial product on the Eligibility. Must be signed by applicant.
basis of its treatment under the
MediCal Program must provide
A widow or widower without any 60
children is eligible for social security
survivors benefits at age
, A surviving spouse is eligible for 60
social security survivor's benefits at
age
An authorized, or admitted carrier one which is under compliance with the California
(insurer) Insurance Code (CIC) and can operate legally in
California
Which type of life insurance utilizes Traditional whole life
the "level premium concept"
Disability income policy proceeds monthly
must be paid out at least
What life insurance rider will pay a The disability income rider. It is a type of health
monthly benefit to the insured when (disability) insurance
they become disabled
Dread (Specified) Disease policies, Treatment for one specific disease
such as cancer insurance, covers
The benefit paid out for a residual a loss of a minimum of 20% of income
disability in a disability income policy
is based upon
Agent may be either Captive (Exclusive) or independent
Captive agents agents who agree by contract to represent only
one insurer in the sale of insurance
Independent agents usually self-employed and often represent several
insurance companies
