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CA Life and Health Exam Questions and Answers 100% Pass
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CA Life and Health Exam Questions and 
Answers 100% Pass 
What is insurance? - Correct Answer ️️ -Insurance is the legal contract where two 
parties agree that if something will happen, a value will be exchanged. 
What's the difference between pure risk and speculative risk? - Correct Answer ️️ - 
Pure risk is when you'll lose it all or there will be no change. Speculative risk you can 
either win or lose. 
What is peril? - Correct Answer ️️ -peril is the causes of loss insured aga...
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Final Exam - California Life Only Questions and Answers 100% Pass
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Final Exam - California Life Only 
Questions and Answers 100% Pass 
According to the California Insurance Code, what is "insurance"? - Correct Answer ️️ - 
A contract 
Which of these statements correctly describes risk? - Correct Answer ️️ -Pure risk is 
the only insurable risk 
Only pure risks are insurable 
Which of the following does NOT have to be included on life insurance policy 
illustrations? - Correct Answer ️️ -Statement that all values and benefits are 
guaranteed 
An ag...
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California Life, Accident, and Health Licensing Exam Questions and Answers 100% Pass
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California Life, Accident, and Health Licensing 
Exam Questions and Answers 100% Pass 
Co-insurance - Correct Answer ️️ -The policy provision which requires the insurer and 
the insured to share in the cost of services rendered 
Exclusion ratio - Correct Answer ️️ -The formula which is used by the IRS to determine 
how much is taxable to an annuitant during the pay out period. 
Occupational policy - Correct Answer ️️ -When a disability income policy provides 
coverage for injuries wh...
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Final Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Pass
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Final Exam: California Life, Accident, and Health 
Insurance Questions and Answers 100% Pass 
The systematic liquidation of a sum of money is provided by a(n) - Correct Answer ️️ - 
annuity 
An annuitant would like to determine the current value of her annuity. To do this, she 
multiplies the number of "accumulation units" she owns times the unit value of the 
"separate account". What kind of annuity BEST matches this description? - Correct 
Answer ️️ -Variable annuity 
What kind of ...
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California Life Accident and Health Exam Practice Questions and Answers 100% Correct
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California Life Accident and Health Exam Practice 
Questions and Answers 100% Correct 
A 
ABC INSURANCE - Correct Answer ️️ -JOHN IS THE AGENT FOR ABC 
INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS 
AGENCY RELATIONSHIP? 
A 
ABC INSURANCE 
B 
JOHN 
C 
JANE 
D 
NONE 
D 
ADMITTED - Correct Answer ️️ -A(N) ________ INSURER IS AUTHORIZED TO 
WRITE INSURANCE POLICIES IN A PARTICULAR STATE. 
A 
DOMESTIC 
B 
NON-ADMITTED 
C 
FOREIGN 
D 
ADMITTED 
B 
A PERSON WHO NEGOTIATES INSU...
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California Life Insurance State Exam Simulator Questions and Answers 100% Pass
- Exam (elaborations) • 56 pages • 2024
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California Life Insurance State Exam Simulator 
Questions and Answers 100% Pass 
Exclusion ratio - Correct Answer ️️ -An annuitant would life to determine the amount of 
an annuity distribution that is exempt from taxation. What is used to calculate this? 
Mortality rate, 
Exclusion ratio, 
Morbidity rate, 
Debt-to-Equity ration 
Offers a maximum interest rate that increases annually - Correct Answer ️️ -Which of 
the following is NOT a feature of equity-indexed annuities? 
Offers long t...
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CA Life Insurance Practice Exam Questions and Answers 100% Pass
- Exam (elaborations) • 30 pages • 2024
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CA Life Insurance Practice Exam 
Questions and Answers 100% Pass 
A key person is typically all of the following, except: - Correct Answer ️️ --Not directly 
involved in sales, production, or service 
Key persons are employees whose contributions have a significant impact on the 
revenue and profitability of the company, especially in small businesses. They are 
typically: part of the management team, more highly paid, respected by customers, 
creditors, suppliers, and vendors, and have dire...
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CA Life, Accident, Health Test 100% Correct Solved
- Exam (elaborations) • 15 pages • 2024
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CA Life, Accident, Health Test 100% Correct Solved 
Which of the following would not be accomplished with the purchase of an insurance 
policy? - Correct Answer ️️ -Risk is eliminated 
Individuals become eligible for Medicare Part A benefits at what age? - Correct Answer ️️ 
-65 
At what point does a self-insured group qualify for a stop-loss coverage? - Correct 
Answer ️️ -When claims exceed a specified limit in a set period of time 
What percentage of eligible employees must partic...
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CA Life Insurance Exam Questions and Answers 100% Pass
- Exam (elaborations) • 18 pages • 2024
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CA Life Insurance Exam Questions and 
Answers 100% Pass 
What is meant by referring to an insurance policy as a unilateral contract? - Correct 
Answer ️️ -Only one party makes a legally enforceable promise. 
When must insurance records of insurance agents and brokers be made available to 
the Insurance Commissioner? - Correct Answer ️️ -At all times. 
Any situation that presents the possibility of a loss is known as - Correct Answer ️️ -a 
loss exposure 
Which of the following inform...
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CALIFORNIA LIFE PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS
- Exam (elaborations) • 9 pages • 2024
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CALIFORNIA LIFE PRACTICE EXAM 
QUESTIONS AND ANSWERS 100% PASS 
THE ANNUITY INCOME AMOUNT IS BASED ON WHOSE LIFE? - Correct Answer ️️ 
-ANNUITANT 
AN INJURED PARTY TO A CONTRACT IS ABLE TO RESCIND THE CONTRACT 
FOR - Correct Answer ️️ -UNINTENTIONAL CONCEALMENT 
A WHOLE LIFE POLICY THAT WILL GENERATE IMMEDIATE CASH VALUE IS - 
Correct Answer ️️ -SINGLE PREMIUM 
WHICH STATEMENT IS TRUE REGARDING LONG-TERM CARE TRAINING IN 
CALIFORNIA? - Correct Answer ️️ -TRAINING IS NOT REQUIRED ...
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