PCIP Focused chapter 7 Fundamental Knowledge Exam Review Questions with Complete Answers 2024/2025
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Module
PCIP
Institution
PCIP
PCIP Focused chapter 7 Fundamental Knowledge Exam Review Questions with Complete Answers 2024/2025
According to the California insurance code, what term is used to describe a fact so important it could affect the policy premium - correct answer materiality
Which of the following actions is no...
PCIP Focused chapter 7 Fundamental Knowledge Exam Review
Questions with Complete Answers 2024/2025
According to the California insurance code, what term is used to describe a fact so
important it could affect the policy premium - correct answer materiality
Which of the following actions is not allowed by health insurance counseling and
advocacy program (hicap) counselors - correct answer charge a fee
According to the ppaca, an adult can be covered by a parent's health care plan
until what age - correct answer age 26
According to the california insurance code, what is "insurance" - correct answer a
contract
The free-look period for life insurance policyowners age 60 or older is - correct
answer 30 days
Which of the following is not considered to be an act of insurance solicitation -
correct answer publishing a magazine where one of the advertisers is an insurer
According to ppaca, how long can an adult be covered as a dependent under their
parents' insurance plan - correct answer up to age 26
How long must a policy be in force before an insurer is prohibited from denying
claims based on misstatements made on the health policy application - correct
answer 2 years
, Kimberly is an employee on leave under the family and medical leave act (fmla).
What will happen to her group health coverage - correct answer she continues to
be enrolled during the leave
Paul has an existing annuity and is sold a new one, in which the new policy holds
no greater financial benefit to him than the existing contract. This is considered
a(n) - correct answer unnecessary replacement
The california insurance code requires that an insurer must have enough assets to
cover its liabilities a - correct answer its paid-in capital
When an insurer has met the qualifications necessary to transact business in
california, it is said to be - correct answer admitted
Jim is applying to become an insurance agent and has a past misdemeanor
conviction that was later expunged due to california penal code 1203.4. Which of
the following statements is correct - correct answer jim must still disclose the
conviction on his insurance license application
According to the california insurance code, what is the maximum penalty per
violation for anyone who unwillfully commits an unfair method of competition -
correct answer $5,000
How long must life agents keep their transaction records - correct answer 5 years
Life insurance surplus must be distributed to policyowners at what frequency -
correct answer annually
The california life and health insurance guarantee association covers all of these
types of policies except - correct answer self-funded plans
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