California Insurance Test Practice with Complete Solutions Already Passed

Accept or reject the whole group - During the underwriting process for a group health policy, it was discovered that 15 out of 50 members of the group have major health issues. How would the insurer handle this? A. Accept or reject the whole group B. Accept the 35 insurable individuals while rejecting the remaining 15 C. Charge a higher premium to the 15 unhealthy individuals D. Assign the group to a reinsurer Contract that allows the policyowner to receive a share of surplus in the form of policy dividends - What is a participating life insurance policy? A. Agreement that allows two or more beneficiaries to share in the death benefit B. Contract that gives beneficiaries the right to participate in any dividends C. Contract that allows the policyowner to receive a share of surplus in the form of policy dividends D. Agreement that insures two or more lives Reinsurance - Which of the following is a type of insurance where an insurer transfers loss exposures from policies written for its insureds?