,10/23/24, 7:58 PM CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFE AGENT) LATEST 2023-2024 ACTUAL EXAM 160 Q…
a contract in which one an insurance policy
part promises to identify
another against loss that
arises from an unknown
event is
all of the occurrences an insured suffers financial loss in the state lottery
listed below are examples
of an insurable event as
defined by the California
insurance code EXCEPT
all of the following the insured and insurer contribute equally to the
statements about aleatory contract
contracts are true EXCEPT
all of the following would committing any act of discrimination whether it be
be considered unfair trade deemed fair or unfair
practices EXCEPT
As authorized by the Mary brown insurance servies
California Insurance Code,
the Insurance
Commissioner has
provided standards for
names used by life
insurance agents. Under
these standards which, if
any, of the following are
automatically acceptable
for Mary Brown, a holder
of the CLU designation?
a contract of indemnity is One party is restored to the same financial position
one in which the party was in before the loss occurred
In insurance terminology, make whole
"indemnity" means
, 10/23/24, 7:58 PM CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFE AGENT) LATEST 2023-2024 ACTUAL EXAM 160 Q…
As defined in the contract
California insurance Code,
"insurance" is a
What would a person be a misdemeanor
guilty of who refuses to
deliver any books,
records, or assets to the
commissioner once a
seizure order has been
executed?
An agent who is acting as fiduciary
an insurance agent,
broker, solicitor, life agent,
accident and health, or
bail agent acts in which
capacity when handling
premiums or return
premiums for an insured?
which of the following only pure risks are insurable
statement regarding risk is
TRUE
The purchase of an the elimination of risk
insurance policy may
accomplish all of the
following for the insured
EXCEPT
Insureds are entitled to indemnity
recover an amount NOT
greater than the amount
of their loss under the
principle of
what rule is used to the materiality of concealment
determine the importance
of a representation?
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