California Life Accident and Health Exam Practice with 352questions and answers latest update GRADED A+

California Life Accident and Health Exam Practice with
j j j j j j j j



352questions and answers latest update 2024/2025 GRA
j j j j j j



DED A+ j




a
abcjinsurancej-
jcorrectjanswersjjjohnjisjthejagentjforjabcjinsurancejandjjanejisjthejinsured.jwhojisjthejprincipaljinjthi


sjagencyjrelationship?
a
abcjinsurance
b
john
c
jane
d
none


d
admittedj-
jcorrectjanswersjja(n)j________jinsurerjisjauthorizedjtojwritejinsurancejpoliciesjinjajparticularjstate.



a
domestic
b
non-admitted
c
foreign
d
admitted


b

,California Life Accident and Health Exam Practice with
j j j j j j j j



352questions and answers latest update 2024/2025 GRA
j j j j j j



DED A+ j




ajpersonjwhojnegotiatesjinsurancejcontractsjonjbehalfjofjanjinsuredj-
jcorrectjanswersjjwhichjofjthejfollowingjisjclassifiedjasjanjinsurancejbroker?



a
ajpersonjwhojplacesjcoveragejforjhis/herjownjinsurance
b
ajpersonjwhojnegotiatesjinsurancejcontractsjonjbehalfjofjanjinsured
c
ajpersonjinjthejhomejofficejwhojdoesjnotjsolicitjoutsidejofjthejoffice
d
anjemployeejwhojnegotiatesjinsurancejcontractsjforjhis/herjemployer


c
eachjpartyjisjentitledjtojrelyjuponjthejrepresentationsjofjthejotherjthatjtherejisjnothingjconcealedjor
jdishonestj-


jcorrectjanswersjjthejinsurancejcontractjisjsaidjtojbejajcontractjofjutmostjgoodjfaith,jbecause:



a
concealmentjofjknownjfactsjonjthejpartjofjthejinsuredjwilljvoidjthejcontract
b
thejinsurerjhasjdrawnjupjthejcontractjand,jtherefore,jtherejisjnojintentjtojdeceive
c
eachjpartyjisjentitledjtojrelyjuponjthejrepresentationsjofjthejotherjthatjtherejisjnothingjconcealedjor
jdishonest



d
thejinsuredjmustjwarrantjthatjhis/herjrepresentationsjarejtrue


a

,California Life Accident and Health Exam Practice with
j j j j j j j j



352questions and answers latest update 2024/2025 GRA
j j j j j j



DED A+ j




thejinsuredjisjrestoredjtojthejsamejfinancialjconditionjasjpriorjtojthejloss,jwithjnojintentjofjlossjorjgai
nj-jcorrectjanswersjjwhichjofjthejfollowingjbestjdescribesjajcontractjofjindemnityjunderjinsurance?
a
thejinsuredjisjrestoredjtojthejsamejfinancialjconditionjasjpriorjtojthejloss,jwithjnojintentjofjlossjorjgai
n
b
thejinsuredjindemnifiesjthejinsurerjforjanyjexpensesjinjadjustingjthejloss
c
thejinsuredjsustainsjajlossjasjajresultjofjthejloss


d
surplusj-
jcorrectjanswersjjthejinsuredjisjrestoredjtojajfinancialjcondition jasjgoodjas,jorjbetterjthan,jthejinsure


djwasjbeforejthejloss
___________jinsurancejisjusedjtojprovidejcoveragejwhenjinsurancejisjnotjavailablejfromjanjadmitt
edjcarrier.
a
facultative
b
domestic
c
alien
d
surplus


c
purejriskj-jcorrectjanswersjjwhichjofjthejfollowingjrisksjisjprotectedjbyjinsurance?

, California Life Accident and Health Exam Practice with
j j j j j j j j



352questions and answers latest update 2024/2025 GRA
j j j j j j



DED A+ j




a
certainjrisk
b
speculativejrisk
c
purejrisk
d
involuntaryjrisk


a
whenjonejtakesjactionjtojminimizejthejseverityjofjajpotentialjlossj-
jcorrectjanswersjjajgoodjexamplejofjriskjreductionjmightjbe:



a
whenjonejtakesjactionjtojminimizejthejseverityjofjajpotentialjloss
b
thejeliminationjofjthejexposurejtojajspecificjrisk
c
thejtransferjofjthejriskjtojanjinsurancejcompany
d
insuringjonlyjthosejrisksjthatjthreatenjthejfinancialjstabilityjofjthejinsured


b
admittedj-
jcorrectjanswersjjanjinsurerjthatjisjauthorizedjtojdojbusinessjinjajparticularjstatejisjsaidjtojbe:



a
non-admitted