California Life, Accident, and Health Insurance Final Exam
1. What is an insurance solicitor authorized to do
>>>> Help an agent or brokersell insurance
2. According to the California Insurance Code, what is "insurance
">>>> A con-tract
3. What does a Hospital Confinement indemnity policy pay for
>>>> Pay a spec-ified daily amount while the insured is confined to a
hospital
4. According to the California Insurance Code, how is the word "may"
inter-preted
,>>>> Permissive
5. Which statement is CORRECT when describing a contract of adhesion
>>>> -
Contract may be accepted or rejected by the insured.
6. Retirement plans are prevented from favoring highly compensated
em-ployees under which government regulation
>>>> Nondiscrimination
7. When calculating life insurance premium rates, which component
wouldan agent's commission fall under
>>>> Insurer's expenses
, 8. All of the following circumstances must be met for loss retention to be
aneffective risk management technique, EXCEPT
>>>> Probability of loss is unknown
9. An insurance policy written after 1988 that fails to pass the seven-pay
testis known as
>>>> a modified endowment contract
10. All of these are reasons the Commissioner may disapprove a
licensee'srequest to use a fictitious name EXCEPT
>>>> The name is the licensee's actual name
11. Which of the following services are health maintenance
organizations (HMO's) NOT required to provide
>>>> Prescription drugs
1. What is an insurance solicitor authorized to do
>>>> Help an agent or brokersell insurance
2. According to the California Insurance Code, what is "insurance
">>>> A con-tract
3. What does a Hospital Confinement indemnity policy pay for
>>>> Pay a spec-ified daily amount while the insured is confined to a
hospital
4. According to the California Insurance Code, how is the word "may"
inter-preted
,>>>> Permissive
5. Which statement is CORRECT when describing a contract of adhesion
>>>> -
Contract may be accepted or rejected by the insured.
6. Retirement plans are prevented from favoring highly compensated
em-ployees under which government regulation
>>>> Nondiscrimination
7. When calculating life insurance premium rates, which component
wouldan agent's commission fall under
>>>> Insurer's expenses
, 8. All of the following circumstances must be met for loss retention to be
aneffective risk management technique, EXCEPT
>>>> Probability of loss is unknown
9. An insurance policy written after 1988 that fails to pass the seven-pay
testis known as
>>>> a modified endowment contract
10. All of these are reasons the Commissioner may disapprove a
licensee'srequest to use a fictitious name EXCEPT
>>>> The name is the licensee's actual name
11. Which of the following services are health maintenance
organizations (HMO's) NOT required to provide
>>>> Prescription drugs
