California life - Study guides, Class notes & Summaries

California Life Accident and Health Exam Practice/ 350+ Questions with Verified Answers/

XCEL Chapter 7 (CA Life, Accident, & Health) Q&A/ . Terms like According to PPACA, what is a health benefits exchange? - Answer: An entity to which individuals and small businesses can have access to affordable health coverage Which word implies permissiveness according to the California Insurance Code? - Answer: May

California Life Insurance State Exam Simulator/ 199 Q&A/ . Terms like: 60 payments - Answer: Cindy buys a 10-year 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? No payments 30 payments 60 payments 120 payments To protect against the risk of outliving their financial resources - Answer: What is a common reason people purchase an annuity? To create an immediate estate T...

California Life Accident and Health Exam Practice/ 353 Questions with Verified Answers/

California Life, Accident, And Health Insurance Final Exam Questions With Correct Answers The systematic liquidation of a sum of money is provided by a(n) annuity An annuitant would like to determine the current value of her annuity. To do this, she multiplies the number of "accumulation units" she owns times the unit value of the "separate account". What kind of annuity BEST matches this description? Variable annuity What kind of annuity pays income to two annuitants until their deaths...

California Life Accident and Health Exam Practice 2024 A ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED -Answer-WHICH OF THE FOLL...

California Life, Accident and Health Cram Course Exam 1-3, (129 Real Exam Questions Arranged in Random Order) with correct Answers & Detailed Explanations .

California Life, Accident and Health Cram Course Exam 1-3, (129 Real Exam Questions Arranged in Random Order) with correct Answers & Detailed Explanations .

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity 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? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all times. Any situation that presents the possibility of a loss is known as - a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? - Personal judgment. The direct distribution of insura...

California Life Accident and Health Insurance State Exam Questions and Answers (2024/2025)(Verified Answers) California life accident and health state exam pdf California life accident and health state exam answers california life, accident and health exam questions california life and health insurance exam questions pdf california life, accident and health state exam simulator life, accident and health practice exam life, accident and health exam California life accident and he...