CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE
FINAL EXAM 2025 EXAM OFFICIAL EXAM WITH
CORRECT ANSWERS GUARANTEED PASS
When an insurer has met the qualifications necessary to transact business in California, it is
said to be
admitted; The term for an insurer which has met the conditions required to transact business in
the State of California
Lynn owns a life policy that guarantees the right to renew the policy each year, regardless of
health, but at an increased premium. What kind of policy is this?
Renewable term
Which of the following risk classifications charges the highest premium?
substandard
During the underwriting process for a group health policy, it was discovered that 15 out of 50
members of the group have major health issuesHow would the insurer handle this?
Accept or reject the whole group
The "blackout period" affects whose benefits?
surviving spouse
Which of the following refers to a condition that may increase the chance of a loss?
hazard
,Premiums are best described as
the amount an insured pays per unit of coverage
Which of these statements correctly describes risk?
Pure risk is the only insurable risk
What kind of annuity pays income to two annuitants until their deaths?
Joint and survivor annuity
What prevents a life insurance policy from being rescinded by the insurer after being in force
for two years ?
Incontestability clause
Insurance agents and brokers must make their insurance records available to the
Commissioner
At all times
Which of the following is a type of insurance where an insurer transfers exposures from
policies written for its insureds?
Reinsurance
What must an applicant do in order to authorize the release of an attending physician report?
sign a consent form
, An employee for XYZ Corp is injured on the job. Where does coverage for the employee's
injuries come from?
Workers' Compensation; In this situation, coverage for the employee's injuries comes from
XYZ's Workers' Compensation.
Which of the following could lower the premium of a proposed disability income policy ?
Increase in the elimination period
Employer contributions to qualified plans are
Tax deductible by the employer
Periodic increases in policy benefits are allowed in which long-term care policy provision?
Inflation protection; An inflation protection provision allows for a periodic increase in policy
benefits due to inflation.
Which of the following is NOT included in comprehensive major medical plans?
First-dollar coverage
An insurer can be protected from adverse selection with which policy provision?
"Suicide clause".
The suicide clause protects the insurer against possible
adverse selection.
Which of these statements is NOT true concerning recurrent disabilities?
The insurer continues coverage after a new elimination period
FINAL EXAM 2025 EXAM OFFICIAL EXAM WITH
CORRECT ANSWERS GUARANTEED PASS
When an insurer has met the qualifications necessary to transact business in California, it is
said to be
admitted; The term for an insurer which has met the conditions required to transact business in
the State of California
Lynn owns a life policy that guarantees the right to renew the policy each year, regardless of
health, but at an increased premium. What kind of policy is this?
Renewable term
Which of the following risk classifications charges the highest premium?
substandard
During the underwriting process for a group health policy, it was discovered that 15 out of 50
members of the group have major health issuesHow would the insurer handle this?
Accept or reject the whole group
The "blackout period" affects whose benefits?
surviving spouse
Which of the following refers to a condition that may increase the chance of a loss?
hazard
,Premiums are best described as
the amount an insured pays per unit of coverage
Which of these statements correctly describes risk?
Pure risk is the only insurable risk
What kind of annuity pays income to two annuitants until their deaths?
Joint and survivor annuity
What prevents a life insurance policy from being rescinded by the insurer after being in force
for two years ?
Incontestability clause
Insurance agents and brokers must make their insurance records available to the
Commissioner
At all times
Which of the following is a type of insurance where an insurer transfers exposures from
policies written for its insureds?
Reinsurance
What must an applicant do in order to authorize the release of an attending physician report?
sign a consent form
, An employee for XYZ Corp is injured on the job. Where does coverage for the employee's
injuries come from?
Workers' Compensation; In this situation, coverage for the employee's injuries comes from
XYZ's Workers' Compensation.
Which of the following could lower the premium of a proposed disability income policy ?
Increase in the elimination period
Employer contributions to qualified plans are
Tax deductible by the employer
Periodic increases in policy benefits are allowed in which long-term care policy provision?
Inflation protection; An inflation protection provision allows for a periodic increase in policy
benefits due to inflation.
Which of the following is NOT included in comprehensive major medical plans?
First-dollar coverage
An insurer can be protected from adverse selection with which policy provision?
"Suicide clause".
The suicide clause protects the insurer against possible
adverse selection.
Which of these statements is NOT true concerning recurrent disabilities?
The insurer continues coverage after a new elimination period
