California Life, Accident, and Health

FInal Exam: California Life, Accident, and Health Insurance Answers 2023

What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 payments

FINAL EXAM: CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)

According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium? - Answer- Materiality Which of the following is NOT a life insurance settlement option? - Answer- Extended Term Option True answer- Life income option, Fixed amount option, Lump Sum option Major Medical expense plans typically use a cost containment measure for emergency care. This is refereed to as a - Answer- Deductible Which type of risk is gambling? -...

Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A)Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A)Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A) What is an insurance solicitor authorized to do? - ANSWER-Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - ANSWER-A contract What does a Hospital Confineme...

Final Exam 2024 California Life, Accident, and Health Insurance Questions and Answers (2024 / 2025) (Verified Answers)

Final Exam: California Life, Accident, and Health Insurance Exam Questions and Answers 100% Correct Final Exam: California Life, Accident, and Health Insurance Exam Questions and Answers 100% Correct Final Exam: California Life, Accident, and Health Insurance Exam Questions and Answers 100% Correct What distinguishes a deferred annuity from an immediate annuity? - ANSWER-The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving...

Final Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Correct Final Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Correct Final Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Correct The systematic liquidation of a sum of money is provided by a(n) - ANSWER-annuity An annuitant would like to determine the current value of her annuity. To do this, she multiplies the number of "accumul...

Final Exam: California Life, Accident, and Health Insurance (from Xcel) with Complete SolutionsFinal Exam: California Life, Accident, and Health Insurance (from Xcel) with Complete SolutionsFinal Exam: California Life, Accident, and Health Insurance (from Xcel) with Complete Solutions What is considered the most common type of specified disease insurance policy? - ANSWER-Cancer Minimum participation standards exist for a group health insurance plans in order to - ANSWER-Prevent Adverse Selec...