CALIFORNIA PSI
LIFE INSURANCE
EXAM QUESTIONS
WITH CORRECT
ANSWERS 2025
, When is a representation false? - CORRECT ANSWERS-when the facts fail to
correspond with its assertions or stipulations
Which of the following is TRUE regarding the use of fictitious names for business? -
CORRECT ANSWERS-The actual and fictitious business names must be registered
with the commissioner
Which is an ACCURATE statement regarding dependent coverage under a group
insurance policy? - CORRECT ANSWERS-The coverage must not exceed more than
100 percent of the coverage for the insured employee
According to CIC Section 1711, an organization ceases to exist as an entity eligible to
hold a license EXCEPT - CORRECT ANSWERS-upon the termination of all contracts
As long as employment continues, which is the ONLY reason the validity of a group life
insurance policy can be contested? - CORRECT ANSWERS-Non-payment of premiums
after the policy has bee in force for two years.
All of the following are TRUE about the rules regarding the sale of life insurance and
annuities to seniors age 65 or older EXCEPT - CORRECT ANSWERS-The agent,
broker, or insurer is required to show a copy of their insurance license with name,
address, and phone number when conducting business in the senior home
What is a solicitor employed to do for a policy other than life? - CORRECT ANSWERS-
To aid a property and casualty agent or broker in transacting insurance
All of the following are examples of representation except - CORRECT ANSWERS-It
may be altered after the insurance is effected
Except as provided by sections 10203.5 and 10203.8 in the CIC, the insurer shall
provide which document to be delivered by the employer to the employee? - CORRECT
ANSWERS-An individual certification of insurance
What is the purpose of creating minimum underwriting standards for those testing
positive for Acquired Immune Deficiency Syndrome, Human Immunodeficiency Virus or
Aids Related Complex? - CORRECT ANSWERS-To avoid discrimination between
individuals in the same rating class who have been diagnosed with the conditions of
AIDS, ARC or HIV
Which of the following is TRUE regarding continuing eduction requirements of an agent
or broker? - CORRECT ANSWERS-Any licensee shall satisfactorily complete 24 hours
of instruction prior to license renewal.
Which of the following provisions of free insurance offered as incentive to purchase or
rent property is TRUE? - CORRECT ANSWERS-It requires a separate charge or fee.
LIFE INSURANCE
EXAM QUESTIONS
WITH CORRECT
ANSWERS 2025
, When is a representation false? - CORRECT ANSWERS-when the facts fail to
correspond with its assertions or stipulations
Which of the following is TRUE regarding the use of fictitious names for business? -
CORRECT ANSWERS-The actual and fictitious business names must be registered
with the commissioner
Which is an ACCURATE statement regarding dependent coverage under a group
insurance policy? - CORRECT ANSWERS-The coverage must not exceed more than
100 percent of the coverage for the insured employee
According to CIC Section 1711, an organization ceases to exist as an entity eligible to
hold a license EXCEPT - CORRECT ANSWERS-upon the termination of all contracts
As long as employment continues, which is the ONLY reason the validity of a group life
insurance policy can be contested? - CORRECT ANSWERS-Non-payment of premiums
after the policy has bee in force for two years.
All of the following are TRUE about the rules regarding the sale of life insurance and
annuities to seniors age 65 or older EXCEPT - CORRECT ANSWERS-The agent,
broker, or insurer is required to show a copy of their insurance license with name,
address, and phone number when conducting business in the senior home
What is a solicitor employed to do for a policy other than life? - CORRECT ANSWERS-
To aid a property and casualty agent or broker in transacting insurance
All of the following are examples of representation except - CORRECT ANSWERS-It
may be altered after the insurance is effected
Except as provided by sections 10203.5 and 10203.8 in the CIC, the insurer shall
provide which document to be delivered by the employer to the employee? - CORRECT
ANSWERS-An individual certification of insurance
What is the purpose of creating minimum underwriting standards for those testing
positive for Acquired Immune Deficiency Syndrome, Human Immunodeficiency Virus or
Aids Related Complex? - CORRECT ANSWERS-To avoid discrimination between
individuals in the same rating class who have been diagnosed with the conditions of
AIDS, ARC or HIV
Which of the following is TRUE regarding continuing eduction requirements of an agent
or broker? - CORRECT ANSWERS-Any licensee shall satisfactorily complete 24 hours
of instruction prior to license renewal.
Which of the following provisions of free insurance offered as incentive to purchase or
rent property is TRUE? - CORRECT ANSWERS-It requires a separate charge or fee.
