FINAL EXAM - CALIFORNIA LIFE AND
HEALTH COMPLETE EXAM PREP STUDY
GUIDE WITH PRACTICE QUESTIONS,
ANSWERS AND COMPREHENSIVE
INSURANCE LICENSE REVIEW | GRADED
A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
, At what point does a self-insured group qualify for stop-loss When claims exceed a specified limit in a set period of time
coverage?
What percentage of eligible employees must participate in a 100%
noncontributory group health plan before it can be put in
effect?
A life insurance policy where the insured can choose where variable life
the cash value can be invested is called
Which of these statements correctly describes risk? Pure and speculative risks are both insurable
The elimination period in a disability income policy serves the deductible
same purpose as a(n) ______ in a medical expense policy.
What is required after a life agent sells an insurance policy to Notice of appointment must be submitted to the Commissioner
an applicant without being appointed by the insurer?
Retirement plans are prevented from favoring highly Nondiscrimination
compensated employees under which government
regulation?
ESOPs are typically invested in employer stock
The reason for social insurance is to protect certain vulnerable segments of the population
Cindy buys a 10-year certain annuity with an installment 60 payments
refund. After receiving monthly payments for 5 years, Cindy
dies. How many remaining payments will the insurer make to
her beneficiary?
he free-look period for life insurance policyowners age 60 or 30 days
older is
What is considered to be the definition of disability, according Unable to engage in any substantial gainful activity
to Social Security?
HEALTH COMPLETE EXAM PREP STUDY
GUIDE WITH PRACTICE QUESTIONS,
ANSWERS AND COMPREHENSIVE
INSURANCE LICENSE REVIEW | GRADED
A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers | 100% Verified
Exam Prep
, At what point does a self-insured group qualify for stop-loss When claims exceed a specified limit in a set period of time
coverage?
What percentage of eligible employees must participate in a 100%
noncontributory group health plan before it can be put in
effect?
A life insurance policy where the insured can choose where variable life
the cash value can be invested is called
Which of these statements correctly describes risk? Pure and speculative risks are both insurable
The elimination period in a disability income policy serves the deductible
same purpose as a(n) ______ in a medical expense policy.
What is required after a life agent sells an insurance policy to Notice of appointment must be submitted to the Commissioner
an applicant without being appointed by the insurer?
Retirement plans are prevented from favoring highly Nondiscrimination
compensated employees under which government
regulation?
ESOPs are typically invested in employer stock
The reason for social insurance is to protect certain vulnerable segments of the population
Cindy buys a 10-year certain annuity with an installment 60 payments
refund. After receiving monthly payments for 5 years, Cindy
dies. How many remaining payments will the insurer make to
her beneficiary?
he free-look period for life insurance policyowners age 60 or 30 days
older is
What is considered to be the definition of disability, according Unable to engage in any substantial gainful activity
to Social Security?
