CA LIFE ACCIDENT AND HEALTH
2024 EXAM 2024 COMPLETE 300
QUESTIONS WITH 100% CORRECT
SIMPLIFIED AND VERIFIED ANSWERS
BRAND NEW EXAM ALREADY
GRADED A+
variable universal life, premium and death benefits
are _____ - ....ANSWER...flexible
termination of a contract as if it never existed -
....ANSWER...recission
shall is mandatory, "may" is _____ -
....ANSWER...permissive
the process and procedure to enact and effectuate
insurance business. as applied to insurance, it includes
the following, solicitation of insurance, negotiations
preliminary to the execution of a contract, execution of a
contract of insurance. to do
1
,any of these is to _____ business. -
....ANSWER...transact
The rescinding canceling or limiting of a policy or
certificate due to the insurers failure to complete medical
underwriting and resolve all reasonable questions arising
from written information -
....ANSWER...post claims underwriting
this law sanctioned merging of banking and insurance
companies, focused on privacy of the consumer -
....ANSWER...Gramm leach Bliley act
the code requires that life and or accident & health
agents and property and casualty broker agents give the
effective date of coverage to all applicants at the time of
application or premium payment -
....ANSWER...disclosure of effective date of coverage
an agent/broker may be permitted to transact disability
insurance for any authorized insurer by the insurers filing
a notice of appointment of the individual with the
commissioner -
....ANSWER...disability insurance (dual authority)
regarding agency names, the last word in the name
(can/not) be insurance, insurer, company, or underwriter
- ....ANSWER...cannot
2
,a life and disability insurance ______ is a person who
advises an insured beneficiary or person who has any
interest in a life or disability insurance contract, this
agent cannot sell insurance policies and are not
compensated by insurance companies. -
....ANSWER...insurance analyst
failure to obtain the proper type or amount of coverage -
....ANSWER...inadequacy
quoting inflated information or misrepresenting a plan of
coverage, an agent may be guilty of negligence whether
the mistakes are intentional or unintentional -
....ANSWER...negligence
an agent must maintain a copy of the replacement
forms for __ years - ....ANSWER...3
the ____ cost index is used to compare costs of
similar policies - ....ANSWER...surrender
joe dies before his annuity has been paid out equal to
the purchase price of the annuity, so the beneficiary
3
, receives payments until that amount has
been reached. this is a ___ life annuity -
....ANSWER...refund
a universal life policy with a back end load, makes a
service charge when the policy is _____. -
....ANSWER...surrendered
an indeterminate premium policy offers a ___ initial
premium with succeeding premiums based on the
companies investment return mortality and expenses -
....ANSWER...low
4
2024 EXAM 2024 COMPLETE 300
QUESTIONS WITH 100% CORRECT
SIMPLIFIED AND VERIFIED ANSWERS
BRAND NEW EXAM ALREADY
GRADED A+
variable universal life, premium and death benefits
are _____ - ....ANSWER...flexible
termination of a contract as if it never existed -
....ANSWER...recission
shall is mandatory, "may" is _____ -
....ANSWER...permissive
the process and procedure to enact and effectuate
insurance business. as applied to insurance, it includes
the following, solicitation of insurance, negotiations
preliminary to the execution of a contract, execution of a
contract of insurance. to do
1
,any of these is to _____ business. -
....ANSWER...transact
The rescinding canceling or limiting of a policy or
certificate due to the insurers failure to complete medical
underwriting and resolve all reasonable questions arising
from written information -
....ANSWER...post claims underwriting
this law sanctioned merging of banking and insurance
companies, focused on privacy of the consumer -
....ANSWER...Gramm leach Bliley act
the code requires that life and or accident & health
agents and property and casualty broker agents give the
effective date of coverage to all applicants at the time of
application or premium payment -
....ANSWER...disclosure of effective date of coverage
an agent/broker may be permitted to transact disability
insurance for any authorized insurer by the insurers filing
a notice of appointment of the individual with the
commissioner -
....ANSWER...disability insurance (dual authority)
regarding agency names, the last word in the name
(can/not) be insurance, insurer, company, or underwriter
- ....ANSWER...cannot
2
,a life and disability insurance ______ is a person who
advises an insured beneficiary or person who has any
interest in a life or disability insurance contract, this
agent cannot sell insurance policies and are not
compensated by insurance companies. -
....ANSWER...insurance analyst
failure to obtain the proper type or amount of coverage -
....ANSWER...inadequacy
quoting inflated information or misrepresenting a plan of
coverage, an agent may be guilty of negligence whether
the mistakes are intentional or unintentional -
....ANSWER...negligence
an agent must maintain a copy of the replacement
forms for __ years - ....ANSWER...3
the ____ cost index is used to compare costs of
similar policies - ....ANSWER...surrender
joe dies before his annuity has been paid out equal to
the purchase price of the annuity, so the beneficiary
3
, receives payments until that amount has
been reached. this is a ___ life annuity -
....ANSWER...refund
a universal life policy with a back end load, makes a
service charge when the policy is _____. -
....ANSWER...surrendered
an indeterminate premium policy offers a ___ initial
premium with succeeding premiums based on the
companies investment return mortality and expenses -
....ANSWER...low
4
