CALIFORNIA LIFE - ACCIDENT - HEALTH CRAM COURSE FINAL EXAM
(2025-2026) BANK ACTUAL QUESTIONS WITH DETAILED ANSWERS
WITH STUDY GUIDE EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+!!!!.
CALIFORNIA LIFE, ACCIDENT AND HEALTH 2025.
Which of the following statements can always be made by an agent during a tax
qualified Long Term Care insurance policy presentation: - - ANS - -The plan may
receive federal and state tax advantages
As used in the California Insurance Code the use of the word "may" is: - - ANS - -
Permissive
Which of the following statements can always be made by an agent during a tax
qualified Long Term Care insurance policy presentation: - - ANS - -The plan may
receive federal and state tax advantages
When an insurer wants to have the applicant complete an HIV test, they must do all of
the following except: - - ANS - -Go over a privacy notice
If a whole life policy is being kept in-force by the Waiver of Premium rider: - - ANS - -
The cash value will continue to increase as if the insured paid the premium
,The enactment of the Pregnancy Discrimination Act had which of the following effects
on group health insurance: - - ANS - -Pregnancy of an employee must be treated in
the same manner as any other health condition
Engaging in which of the following avocations will not cause a life insurer to reject or
rate-up an applicant: - - ANS - -Roller blading
The provision that applies in group insurance when an insured has coverage under
multiple plans at one time is known as: - - ANS - -Coordination of benefits
In Group Health insurance, the period of time that starts when a new employee is
hired and ends on the date they become eligible for the employer's Group Health plan
is the: - - ANS - -Probationary period
Variable annuity premiums may be invested in all of the following EXCEPT: - - ANS - -
Agent's interest bearing trust account
Before obtaining an HIV test the insurer must do which of the following: - - ANS - -
Have the applicant sign a consent form
HMOs are required to cover all of the following except: - - ANS - -Prescription drugs
At what point in time may a representation be altered or withdrawn: - - ANS - -Prior
to the insurance going into effect only
,If a corporation uses life insurance to buy shares under a buy-sell agreement, which
of the following is true regarding taxation: - - ANS - -It is treated as a loss or gain if
they are common stock
All of the following must be disclosed in Internet advertising EXCEPT an agent's: - -
ANS - -Phone number
When the pricing principle is defined in a disability policy by the financial loss on a
certain group of people occurring over a certain period of time it is known as: - - ANS
- -Frequency
Dread (Specified) Disease policies covers which of the following: - - ANS - -Treatment
for one specific disease
Which of the following criteria must be used to classify an injury as accidental under
a disability income policy? - - ANS - -The cause of the injury may be intentional, but
the result of the injury must be accidental
Which of the following terms used in the California Insurance Code is mandatory: - -
ANS - -Shall
An insurance company entitled to transact business by complying with the California
insurance Code (CIC) is known as: - - ANS - -An admitted carrier
What type of policy has both a Capital and Principal sum: - - ANS - -Accidental Death
and Dismemberment (AD&D) insurance
, What rider allows the insured to purchase additional amounts of insurance at specific
intervals without having to prove insurability - - ANS - -Guaranteed insurability
If the owner of an annuity has to multiply the value of an accumulation unit held in
the separate account by the number of accumulation units owned, the customer has
a: - - ANS - -Variable annuity
In a disability income policy, the commonly used 30 day, 60 day, 90 day and 180 day
terminology refers to the: - - ANS - -Number of days which no benefits will be paid
In a Medicare claim, what is the first step in the process: - - ANS - -The individual's
provider files the claim with a local Medicare carrier
When the parties to a contract depend upon the statements made by one another, the
contract is based upon the Doctrine of: - - ANS - -Utmost Good Faith
All of the following are true about 'stock' insurance companies EXCEPT: - - ANS - -
They issue participating policies
All of the following are true about an insurance broker except: - - ANS - -A broker is
appointed by an insurer
The formula that is used to determine how much is taxable during the payout is the: -
- ANS - -Exclusion ratio
(2025-2026) BANK ACTUAL QUESTIONS WITH DETAILED ANSWERS
WITH STUDY GUIDE EXPERT VERIFIED FOR GUARANTEED
PASS/ALREADY GRADED A+!!!!.
CALIFORNIA LIFE, ACCIDENT AND HEALTH 2025.
Which of the following statements can always be made by an agent during a tax
qualified Long Term Care insurance policy presentation: - - ANS - -The plan may
receive federal and state tax advantages
As used in the California Insurance Code the use of the word "may" is: - - ANS - -
Permissive
Which of the following statements can always be made by an agent during a tax
qualified Long Term Care insurance policy presentation: - - ANS - -The plan may
receive federal and state tax advantages
When an insurer wants to have the applicant complete an HIV test, they must do all of
the following except: - - ANS - -Go over a privacy notice
If a whole life policy is being kept in-force by the Waiver of Premium rider: - - ANS - -
The cash value will continue to increase as if the insured paid the premium
,The enactment of the Pregnancy Discrimination Act had which of the following effects
on group health insurance: - - ANS - -Pregnancy of an employee must be treated in
the same manner as any other health condition
Engaging in which of the following avocations will not cause a life insurer to reject or
rate-up an applicant: - - ANS - -Roller blading
The provision that applies in group insurance when an insured has coverage under
multiple plans at one time is known as: - - ANS - -Coordination of benefits
In Group Health insurance, the period of time that starts when a new employee is
hired and ends on the date they become eligible for the employer's Group Health plan
is the: - - ANS - -Probationary period
Variable annuity premiums may be invested in all of the following EXCEPT: - - ANS - -
Agent's interest bearing trust account
Before obtaining an HIV test the insurer must do which of the following: - - ANS - -
Have the applicant sign a consent form
HMOs are required to cover all of the following except: - - ANS - -Prescription drugs
At what point in time may a representation be altered or withdrawn: - - ANS - -Prior
to the insurance going into effect only
,If a corporation uses life insurance to buy shares under a buy-sell agreement, which
of the following is true regarding taxation: - - ANS - -It is treated as a loss or gain if
they are common stock
All of the following must be disclosed in Internet advertising EXCEPT an agent's: - -
ANS - -Phone number
When the pricing principle is defined in a disability policy by the financial loss on a
certain group of people occurring over a certain period of time it is known as: - - ANS
- -Frequency
Dread (Specified) Disease policies covers which of the following: - - ANS - -Treatment
for one specific disease
Which of the following criteria must be used to classify an injury as accidental under
a disability income policy? - - ANS - -The cause of the injury may be intentional, but
the result of the injury must be accidental
Which of the following terms used in the California Insurance Code is mandatory: - -
ANS - -Shall
An insurance company entitled to transact business by complying with the California
insurance Code (CIC) is known as: - - ANS - -An admitted carrier
What type of policy has both a Capital and Principal sum: - - ANS - -Accidental Death
and Dismemberment (AD&D) insurance
, What rider allows the insured to purchase additional amounts of insurance at specific
intervals without having to prove insurability - - ANS - -Guaranteed insurability
If the owner of an annuity has to multiply the value of an accumulation unit held in
the separate account by the number of accumulation units owned, the customer has
a: - - ANS - -Variable annuity
In a disability income policy, the commonly used 30 day, 60 day, 90 day and 180 day
terminology refers to the: - - ANS - -Number of days which no benefits will be paid
In a Medicare claim, what is the first step in the process: - - ANS - -The individual's
provider files the claim with a local Medicare carrier
When the parties to a contract depend upon the statements made by one another, the
contract is based upon the Doctrine of: - - ANS - -Utmost Good Faith
All of the following are true about 'stock' insurance companies EXCEPT: - - ANS - -
They issue participating policies
All of the following are true about an insurance broker except: - - ANS - -A broker is
appointed by an insurer
The formula that is used to determine how much is taxable during the payout is the: -
- ANS - -Exclusion ratio
