CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE [ACTUAL
EXAM] LATEST VERSION [QUESTIONS AND ANSWERS] WITH
PRACTICE EXAM DETAILED AND VERIFIED FOR GUARANTEED PASS-
LATEST UPDATE 2025 GRADED A (BRAND NEW!!)
LATEST VERSION [QUESTIONS AND ANSWERS] WITH PRACTICE
EXAM DETAILED AND VERIFIED FOR GUARANTEED PASS- LATEST
UPDATE 2025 GRADED A (BRAND NEW!!)
What does the term "illustration" mean when used in the phrase "life insurance policy
illustration" , according to the California Insurance Code - ✔✔✔✔✔ Presentation of
policy features that includes non-guaranteed elements
Life insurance creates an immediate estate. This phrase means - ✔✔✔✔✔ when the
insured dies, a death benefit is paid; Life insurance creates an immediate estate by
paying a death benefit whenever the insured dies.
When handling premiums for an insured, an agent is acting in which capacity? -
✔✔✔✔✔ Fiduciary
An agent acting as an insurance agent, broker, solicitor, life agent, or bail agent acts in
fiduciary capacity when handling premiums or return premiums
Health insurance policies typically contain a provision stating that insureds and their
insurer will share covered losses in an agreed proportion. Which provision does this
refer to? - ✔✔✔✔✔ Coinsurance is a sharing of expenses by the insured and the
insurer. Once the insured satisfies the deductible, the insurance company pays a high
percentage of the additional expenses (usually 75% or 80%) and the insured pays the
remainder.
Kimberly is an employee on leave under the Family and Medical Leave Act (FMLA).
What will happen to her group health coverage? - ✔✔✔✔✔ She continues to be
enrolled during the leave; FMLA requires the same group health insurance benefits that
would exist if the employee were not on leave.
Which of the following is NOT true regarding a family policy that covers children? -
✔✔✔✔✔ Conversion of child's coverage to permanent insurance requires evidence of
insurability
Which of the following describes a contributory group insurance plan? - ✔✔✔✔✔ Part
of the premium is paid by the employee
, What is a common reason people purchase an annuity? - ✔✔✔✔✔ To protect against
the risk of outliving their financial resources
of the After the annual deductible is met, Medicare Part B will pay remaining approved
charges. - ✔✔✔✔✔ 80%
A contract requires - ✔✔✔✔✔ an offer and acceptance of the contract terms
When selling a long term care insurance rider to an applicant, a life agent must take into
consideration all of these factors. EXCEPT - ✔✔✔✔✔ Attending physician's statement
correct answer- ability to pay, needs of the client, goals of the client
What is the proper order of initial life insurance premiums, from lowest to highest ? -
✔✔✔✔✔ Modified premium, ordinary life, single premium
What does the insurance term "indemnity " refer to? - ✔✔✔✔✔ "Make whole"
Contracts of indemnity attempt to return the
insured to their original financial position, or "made whole".
The probability of death, listed by year, is demonstrated in - ✔✔✔✔✔ "Mortality
tables".
Mortality tables give a measure of the number of deaths in a given population over a
certain period of time.
Which type of health insurance policy cannot be canceled by the insurer nor increase
the premiums? - ✔✔✔✔✔ Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased
under any circumstances.
What must an applicant do in order to authorize the release of an attending physician
report? - ✔✔✔✔✔ sign a consent form
An employee for XYZ Corp is injured on the job. Where does coverage for the
employee's injuries come from? - ✔✔✔✔✔ Workers' Compensation; In this situation,
coverage for the employee's injuries comes from XYZ's Workers' Compensation.
Which of the following could lower the premium of a proposed disability income policy ?
- ✔✔✔✔✔ Increase in the elimination period
Employer contributions to qualified plans are - ✔✔✔✔✔ Tax deductible by the
employer
EXAM] LATEST VERSION [QUESTIONS AND ANSWERS] WITH
PRACTICE EXAM DETAILED AND VERIFIED FOR GUARANTEED PASS-
LATEST UPDATE 2025 GRADED A (BRAND NEW!!)
LATEST VERSION [QUESTIONS AND ANSWERS] WITH PRACTICE
EXAM DETAILED AND VERIFIED FOR GUARANTEED PASS- LATEST
UPDATE 2025 GRADED A (BRAND NEW!!)
What does the term "illustration" mean when used in the phrase "life insurance policy
illustration" , according to the California Insurance Code - ✔✔✔✔✔ Presentation of
policy features that includes non-guaranteed elements
Life insurance creates an immediate estate. This phrase means - ✔✔✔✔✔ when the
insured dies, a death benefit is paid; Life insurance creates an immediate estate by
paying a death benefit whenever the insured dies.
When handling premiums for an insured, an agent is acting in which capacity? -
✔✔✔✔✔ Fiduciary
An agent acting as an insurance agent, broker, solicitor, life agent, or bail agent acts in
fiduciary capacity when handling premiums or return premiums
Health insurance policies typically contain a provision stating that insureds and their
insurer will share covered losses in an agreed proportion. Which provision does this
refer to? - ✔✔✔✔✔ Coinsurance is a sharing of expenses by the insured and the
insurer. Once the insured satisfies the deductible, the insurance company pays a high
percentage of the additional expenses (usually 75% or 80%) and the insured pays the
remainder.
Kimberly is an employee on leave under the Family and Medical Leave Act (FMLA).
What will happen to her group health coverage? - ✔✔✔✔✔ She continues to be
enrolled during the leave; FMLA requires the same group health insurance benefits that
would exist if the employee were not on leave.
Which of the following is NOT true regarding a family policy that covers children? -
✔✔✔✔✔ Conversion of child's coverage to permanent insurance requires evidence of
insurability
Which of the following describes a contributory group insurance plan? - ✔✔✔✔✔ Part
of the premium is paid by the employee
, What is a common reason people purchase an annuity? - ✔✔✔✔✔ To protect against
the risk of outliving their financial resources
of the After the annual deductible is met, Medicare Part B will pay remaining approved
charges. - ✔✔✔✔✔ 80%
A contract requires - ✔✔✔✔✔ an offer and acceptance of the contract terms
When selling a long term care insurance rider to an applicant, a life agent must take into
consideration all of these factors. EXCEPT - ✔✔✔✔✔ Attending physician's statement
correct answer- ability to pay, needs of the client, goals of the client
What is the proper order of initial life insurance premiums, from lowest to highest ? -
✔✔✔✔✔ Modified premium, ordinary life, single premium
What does the insurance term "indemnity " refer to? - ✔✔✔✔✔ "Make whole"
Contracts of indemnity attempt to return the
insured to their original financial position, or "made whole".
The probability of death, listed by year, is demonstrated in - ✔✔✔✔✔ "Mortality
tables".
Mortality tables give a measure of the number of deaths in a given population over a
certain period of time.
Which type of health insurance policy cannot be canceled by the insurer nor increase
the premiums? - ✔✔✔✔✔ Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased
under any circumstances.
What must an applicant do in order to authorize the release of an attending physician
report? - ✔✔✔✔✔ sign a consent form
An employee for XYZ Corp is injured on the job. Where does coverage for the
employee's injuries come from? - ✔✔✔✔✔ Workers' Compensation; In this situation,
coverage for the employee's injuries comes from XYZ's Workers' Compensation.
Which of the following could lower the premium of a proposed disability income policy ?
- ✔✔✔✔✔ Increase in the elimination period
Employer contributions to qualified plans are - ✔✔✔✔✔ Tax deductible by the
employer
