Life and Health Insurance License Exam – Practice Questions & Verified Answers 1 2026-02-28
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Life and Health Insurance
License Exam – Practice
Questions & Verified
Answers
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Life and Health Insurance License Exam – Practice Questions & Verified Answers.pdf
,Life and Health License Exam 2 2026-02-28
Terms (193)
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Only one party makes a legally enforceable promise
What is meant by referring to an insurance policy as a unilateral contract?
At all times
When must insurance records of insurance agents and brokers be made available to the Insurance
Commissioner?
a loss exposure
Any situation that presents the possibility of a loss is known as
Page 2 Life and Health License Exam.pdf
,Life and Health License Exam 3 2026-02-28
Personal judgment
Which of the following information is not required to be communicated in a Life insurance contract?
telephone call from an agent
The direct distribution of insurance utilizes all of the following to promote the sale of insurance
EXCEPT
an insurance policy
A contract in which one party promises to indemnify another against loss that arises from an
unknown event is
an insured suffers a financial loss in the state lottery
All of the occurrences listed below are examples of an insurable event as defined by the California
Insurance Code EXCEPT
Page 3 Life and Health License Exam.pdf
, Life and Health License Exam 4 2026-02-28
the insured and insurer contribute equally to the contract
All of the following statements about aleatory contracts are true EXCEPT
committing any act of discrimination whether it be deemed fair or unfair
All of the following would be considered unfair trade practices EXCEPT
Mary Brown Insurance Services
As authorized by the California Insurance Code, the Insurance Commissioner has provided
standards for names used by life insurance agents. Under these standards which, if any, of the
following are automatically acceptable for Mary Brown, a holder of the CLU designation
one party is restored to the same financial position the party was in before the loss occurred
A contract of indemnity is one in which
Page 4 Life and Health License Exam.pdf
*)#u)()@$+((+_@$_@+_)$$+_)+_$@)$@+_)@++)$+_$@)+_$)+_$$+_+_@$+_)
Life and Health Insurance
License Exam – Practice
Questions & Verified
Answers
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Life and Health Insurance License Exam – Practice Questions & Verified Answers.pdf
,Life and Health License Exam 2 2026-02-28
Terms (193)
Hide definitions
Only one party makes a legally enforceable promise
What is meant by referring to an insurance policy as a unilateral contract?
At all times
When must insurance records of insurance agents and brokers be made available to the Insurance
Commissioner?
a loss exposure
Any situation that presents the possibility of a loss is known as
Page 2 Life and Health License Exam.pdf
,Life and Health License Exam 3 2026-02-28
Personal judgment
Which of the following information is not required to be communicated in a Life insurance contract?
telephone call from an agent
The direct distribution of insurance utilizes all of the following to promote the sale of insurance
EXCEPT
an insurance policy
A contract in which one party promises to indemnify another against loss that arises from an
unknown event is
an insured suffers a financial loss in the state lottery
All of the occurrences listed below are examples of an insurable event as defined by the California
Insurance Code EXCEPT
Page 3 Life and Health License Exam.pdf
, Life and Health License Exam 4 2026-02-28
the insured and insurer contribute equally to the contract
All of the following statements about aleatory contracts are true EXCEPT
committing any act of discrimination whether it be deemed fair or unfair
All of the following would be considered unfair trade practices EXCEPT
Mary Brown Insurance Services
As authorized by the California Insurance Code, the Insurance Commissioner has provided
standards for names used by life insurance agents. Under these standards which, if any, of the
following are automatically acceptable for Mary Brown, a holder of the CLU designation
one party is restored to the same financial position the party was in before the loss occurred
A contract of indemnity is one in which
Page 4 Life and Health License Exam.pdf
