California Life, Accident, and Health Insurance

Which of the following are common personal uses for life insurance - ANSWER-Estate planning, Cash accumulation, Protection of survivors Who has jurisdiction over entities that provide coverages designed to pay for health care providers' services that are not certified by other governmental agencies? - ANSWER-The California Department of Insurance A qualified retirement plan that blends an IRA with a profit-sharing plan and allows the employer to deduct up to 25% of contributions made to all employees is called a: - ANSWER-SEP Which of the following is not a correct statement about equity-indexed annuities? - ANSWER-A securities license is required to sell EIAs. How many mandatory provisions are in the NAIC model law for health insurance contracts? - ANSWER-12 Which of the following is a CODA plan? - ANSWER-401(k) What is assistance with activities necessary to or consistent with the insured's ability to remain in his or her residence, that is provided by a skilled or unskilled person under a plan of care developed by a physician or a multidisciplinary team under medical direction? - ANSWER-Homemaker services What is available under the Medicare Advantage program? - ANSWER-Private fee-for-service plans, Managed care plans, Preferred Provider plans When an insurer is determining how much premium to charge for a life insurance policy, the insurer does NOT consider - ANSWER-Morbidity