California Pre-Licensing Education-Life,Accident and Health Insurance A+ Exams Questions & Answers

1. What is meant by referring to an insurance policy as a unilateral contract? - ANSWER-*Only one party makes a legally enforceable promise. 2. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - ANSWER-*At all times. 3. Any situation that presents the possibility of a loss is known as - ANSWER-*a loss exposure 4. Which of the following information is not required to be communicated in a Life insurance contract? - ANSWER-*Personal judgment. 5.The direct distribution of insurance utilizes all of the following to promote the sale of insurance EXCEPT - ANSWER-*telephone call from an agent. 6. A contract in which one party promises to indemnify another against loss that arises from an unknown event is - ANSWER-*an insurance policy. 7. All of the occurrences listed below are examples of an insurable event as defined by the California Insurance Code EXCEPT - ANSWER-*an insured suffers a financial loss in the state lottery 8. All of the following statements about aleatory contracts are true EXCEPT - ANSWER-*the insured and insurer contribute equally to the contract. 9.All of the following would be considered unfair trade practices EXCEPT - ANSWER-*committing any act of discrimination whether it be deemed fair or unfair.