Life and Health License Exam questions with correct answers

Only one party makes a legally enforceable promise ans What is meant by referring to an insurance policy as a unilateral contract? At all times ans When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? a loss exposure ans Any situation that presents the possibility of a loss is known as Personal judgment ans Which of the following information is not required to be communicated in a Life insurance contract? telephone call from an agent ans The direct distribution of insurance utilizes all of the following to promote the sale of insurance EXCEPT an insurance policy ans 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 ans All of the occurrences listed below are examples of an insurable event as defined by the California Insurance Code EXCEPT the insured and insurer contribute equally to the contract ans All of the following statements about aleatory contracts are true E