California Life Accident and Health agent exam already passed
6 views 0 purchase
Course
California Life Accident and Health
Institution
California Life Accident And Health
California Life Accident and Health agent exam already passed
If an applicant for a health insurance policy is found to be a substandard risk, the insurance company is most likely to A) lower its insurability standards B) refuse to issue the policy C) charge an extra premium D) require a yearly me...
california life accident and health agent exam already passed if an applicant for a health insurance policy is found to be a substandard risk
the insurance company is most likely to a lower its insu
Written for
California Life Accident and Health
All documents for this subject (213)
Seller
Follow
BrilliantScores
Reviews received
Content preview
California Life Accident and Health agent
exam already passed
If an applicant for a health insurance policy is found to be a substandard risk, the insurance
company is most likely to
A) lower its insurability standards
B) refuse to issue the policy
C) charge an extra premium
D) require a yearly medical examination
C) charge and extra premium
The premium rate will be adjusted to relflect the insurer's risk
According to California Insurance Code, which of the following can be classified as an insurable
event?
A) extreme levels of loss
B) pure risks
C) unpredictable losses
D) speculative risks
B) pure risks
,Any event, whether past or future, which may damnify a person having an insurable interest, or
create a liability against him/her, may be insured against. The more predictable a loss, the more
insurable it becomes. Only pure risks are insurable. Speculative losses are uninsurable
The type of settlement option which pays throughout the lifetimes of two or more beneficiaries is
called
A) Fixed amount
B) Joint life
C) Joint and Survivor
D) Fixed Period
C) Joint and Survivor
a joint and survivor option pays while either beneficiary is still living
How long is an open enrollment period for Medicare supplement policies?
A) 1 Year
B) 30 Days
C) 90 Days
D) 6 Months
D) 6 Months
An open enrollment period is a 6-month period that guarantees the applicants the right to buy
Medigap once they first sign up for Medicare Part B
, What is a penalty tax for nonqualified distributions from a medical savings account?
A) 8%
B) 10%
C) 16%
D) 20%
D) 20%
If a distribution is made for a reason other than to pay for qualified medical expenses, the
amount withdrawn will be subject to an income tax and an additional 20% tax.
What are the 2 types of Flexible Spending Accounts?
A) Medical Savings Accounts and Health Reimbursement Accounts
B) Health Care Accounts and Dependent Care Accounts
C) Health Care Accounts and Health Reimbursement Accounts
D) Medical Savings Accounts and Dependent Care Accounts
B) Health Care Accounts and Dependent Care Accounts
There are 2 types of Flexible Spending Accounts : a Health Care Account for out-of-pocket
health care expenses, and a Dependent Care Account to help pay for dependent care expenses
which make it possible for an employee and his or her spouse, if applicable, to work
As it pertains to IRA eligibility, which of the following would NOT be considered earned
income?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
