California Life, Accident, and Health

California Life, Accident, and Health Insurance questions and answers latest 2023 - 2024 [100% correct answers]

California Life, Accident, and Health Insurance questions and answers latest [100% correct answers]

Final Exam: California Life, Accident, and Health Insurance Already Passed What is an insurance solicitor authorized to do? Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? A contract What does a Hospital Confinement indemnity policy pay for? Pay a specified daily amount while the insured is confined to a hospital According to the California Insurance Code, how is the word "may" interpreted? Permissive Which statement is CORRECT when...

California Life, Accident, and Health Insurance Final Exam questions and answers latest 2023 - 2024 [100% correct answers]

CALIFORNIA LIFE, ACCIDENT, AND HEALTH INSURANCE FINAL EXAM LATEST VERSION QUESTIONS AND DETAILED (VERIFIED) CORRECT ANSWERS

California Life, Accident, and Health Insurance Final Exam questions and answers latest 2023 - 2024 [100% correct answers]

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 monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - Answer 60 payments What is a common reason people purchase an annuity? - Answer To protect against the risk of outliving their financial resources What kind of annuity pays income to ...

California Life, Accident, and Health State Exam Questions and Answers Rated A "blackout period" affects widowed spouse How long must an individual be unable to engage in any gainful activity due to physical or mental disability in order to qualify for total Social Security Total Disability? 12 months What does ESOP stand for? Employee Stock Ownership Plan An example of risk sharing would be Doctors pooling their money to cover malpractice exposures According to life insurance contract law...