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rescinded by the insurer after being in force for two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
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
