CALIFORNIA LIFE, ACCIDENT 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
, "Insurance" is a contract that transfers risk from one party to another.
An "insurance policy" is a written contract
Neglect to communicate that which a party knows is may cause the injured party
"concealment" to rescind the policy
"Materiality" is determined solely by the probable and reasonable influence of the facts upon the part
to whom the communication is due
The "materiality of concealment" is the rule used to determine the importance of the
misrepresentation.
An insurance policy must specify the parties between whom the contract is made
The financial rating of an insurer is not required to be included in the insurance policy
In a direct response marketing system the mail and/or internet is used to sell policies, not agents
An insurance broker is a person who for compensation and on behalf of another person, transacts
insurance.
An insurance agent is a person who for compensation, transacts insurance for the insurer.
An insurance solicitor is a person employed by an insurance agent or broker to aid in insurance
transactions
A person can always use their legal name to transact insurance
The state may disapprove the use of any true or fictitious a person's legal name
name except
An insurance agent or broker hires a third party to prepare The insurance agent or
their website broker, not the third party, is responsible for the content of the website.
An admitted insurer is an insurer entitled to transact business in this state
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
, "Insurance" is a contract that transfers risk from one party to another.
An "insurance policy" is a written contract
Neglect to communicate that which a party knows is may cause the injured party
"concealment" to rescind the policy
"Materiality" is determined solely by the probable and reasonable influence of the facts upon the part
to whom the communication is due
The "materiality of concealment" is the rule used to determine the importance of the
misrepresentation.
An insurance policy must specify the parties between whom the contract is made
The financial rating of an insurer is not required to be included in the insurance policy
In a direct response marketing system the mail and/or internet is used to sell policies, not agents
An insurance broker is a person who for compensation and on behalf of another person, transacts
insurance.
An insurance agent is a person who for compensation, transacts insurance for the insurer.
An insurance solicitor is a person employed by an insurance agent or broker to aid in insurance
transactions
A person can always use their legal name to transact insurance
The state may disapprove the use of any true or fictitious a person's legal name
name except
An insurance agent or broker hires a third party to prepare The insurance agent or
their website broker, not the third party, is responsible for the content of the website.
An admitted insurer is an insurer entitled to transact business in this state
