California Life Insurance State Exam Simulator 200 Practice
exam Questions and Answers
The California life and health insurance guarantee association covers all of these
types of policies, EXCEPT - Self-funded plans
All of these are common exclusions to a life insurance policy EXCEPT -
accidental death
An individual can enroll in a part C Medicare advantage plan at what time? -
When becoming eligible for Medicare
Which of the following is an NOT protected under the California life and health
guarantee association? - Insurers
The authority granted to a licensed producer is provided via the - Law of
Agency
A common exclusion or limitation on dental policy is - Endodontics
Key person insurance is intended to - cover business losses due to the
death of a key employee
A terminated employee that has exercised the conversion privileges able to
convert - Term insurance into permanent insurance
,The role of the federal government was expanded when Medicaid was established
by allowing the state to - receive matching funds to expand public
assistance programs
_________ is NOT An element of a valid contract. - countersignature
Which type of coverage pays an amount per day for hospitalization directly to the
insured regardless of the insurance other health insurance? - Hospital
indemnity
How long must an individual be unable to engage in any gainful activity due to
physical or mental disability in order to qualify for Social Security total disability? -
12 months
Life insurance surplus must be distributed to policy owners at what frequency? -
Annually
What is involved when a life insurance policy has been backdated? - Making
the policy effective on an earlier date than the present
What prevents a life insurance policy from being rescinded by the insurer after
being in force for two years? - Incontestability clause
When intentional concealment is involved, what course of action is the injured
party entitled to? - Rescission of the contract
, Medicare part D has an initial enrollment period. How many months after an
individual's 65th birthday month does this enrollment period end? - 3
months
Who acts as the gate keeper in a health maintenance organization (HMO)? -
Primary care physician
What is required after a life agent sells an insurance policy to an applicant without
being appointed by the insurer? - Notice of appointment must be
submitted to the Commissioner
Free look provision gives the policy owner - the right to return the policy
for a full refund within a specified number of days
Written notice for a health claim must be given to the insurer ______ days after
the occurrence of the loss. - 20 days
A person who asserts a right of recovery under an insurance policy is called -
claimant
Which of the following is NOT a primary objective of insurance regulation? -
Interpret policy provisions
Failure to report background changes within 30 days as required under section
1729.2 of the California insurance code could subject a license or applicant to -
All of these: denial, suspension, & Fine
exam Questions and Answers
The California life and health insurance guarantee association covers all of these
types of policies, EXCEPT - Self-funded plans
All of these are common exclusions to a life insurance policy EXCEPT -
accidental death
An individual can enroll in a part C Medicare advantage plan at what time? -
When becoming eligible for Medicare
Which of the following is an NOT protected under the California life and health
guarantee association? - Insurers
The authority granted to a licensed producer is provided via the - Law of
Agency
A common exclusion or limitation on dental policy is - Endodontics
Key person insurance is intended to - cover business losses due to the
death of a key employee
A terminated employee that has exercised the conversion privileges able to
convert - Term insurance into permanent insurance
,The role of the federal government was expanded when Medicaid was established
by allowing the state to - receive matching funds to expand public
assistance programs
_________ is NOT An element of a valid contract. - countersignature
Which type of coverage pays an amount per day for hospitalization directly to the
insured regardless of the insurance other health insurance? - Hospital
indemnity
How long must an individual be unable to engage in any gainful activity due to
physical or mental disability in order to qualify for Social Security total disability? -
12 months
Life insurance surplus must be distributed to policy owners at what frequency? -
Annually
What is involved when a life insurance policy has been backdated? - Making
the policy effective on an earlier date than the present
What prevents a life insurance policy from being rescinded by the insurer after
being in force for two years? - Incontestability clause
When intentional concealment is involved, what course of action is the injured
party entitled to? - Rescission of the contract
, Medicare part D has an initial enrollment period. How many months after an
individual's 65th birthday month does this enrollment period end? - 3
months
Who acts as the gate keeper in a health maintenance organization (HMO)? -
Primary care physician
What is required after a life agent sells an insurance policy to an applicant without
being appointed by the insurer? - Notice of appointment must be
submitted to the Commissioner
Free look provision gives the policy owner - the right to return the policy
for a full refund within a specified number of days
Written notice for a health claim must be given to the insurer ______ days after
the occurrence of the loss. - 20 days
A person who asserts a right of recovery under an insurance policy is called -
claimant
Which of the following is NOT a primary objective of insurance regulation? -
Interpret policy provisions
Failure to report background changes within 30 days as required under section
1729.2 of the California insurance code could subject a license or applicant to -
All of these: denial, suspension, & Fine
