The insurance policy ca Study guides, Class notes & Summaries

CA- PSI- Life, Accident & Health Exam With 100% Correct Answers 2023 Reduced Paid Up Nonforfeiture option provides new whole life policy at reduced face amount of protection. Provides coverage for longest time. Extended Term Nonforfeiture option provides new TERM policy with same face amount of coverage as original policy Guaranteed Lifetime Withdrawal Annuity rider that assures owner will at least get amount paid for the annuity Guaranteed Minimum Income Rider that gua...

CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurability. B: The insurer will allow J to add more insurance pending a paramedical exam. C: The insurer will deny J's request to add more insura...

CA Life Insurance Exam Questions and Answers 100% Pass 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 ...

PHR CA Exam Questions and Answers Latest Updated 2024/2025 (Graded A+) SB-63 Parent Leave Act (for Small Employers): Requires CA Employers w/20-49 employees within 75 mile radius to provide up to 12 weeks of job protected unpaid leave to new parents for purpose of bonding with newborn, newly adopted or foster child. * Virtually same terms + condition apply for FMLA + CFRA 3. Parent Leave- Eligible Employees: Employees with 1250 hours of service during 12 month period. 20 employees within 7...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 Admitted Insurance Company vs. Non-Admitted Insurance Company An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (...

CA Life and Health Exam Questions and Answers Already Passed What is insurance? Insurance is the legal contract where two parties agree that if something will happen, a value will be exchanged. What's the difference between pure risk and speculative risk? Pure risk is when you'll lose it all or there will be no change. Speculative risk you can either win or lose. What is peril? peril is the causes of loss insured against in an insurance policy What is hazard? conditions that increase the pr...

USAREUR DRIVER'S TEST BANK COMPLETE EXAM UPDATE WITH 2023 ACTUAL TESTED QUESTIONS AND ANSWERS 1. For registration purposes, the insurance policy cannot substitute for the insurance confirmation card as proof of automobile insurance under German law and U.S. Forces regulations. (para 33e(3)) USAREUR DRIVER'S TEST BANK COMPLETE EXAM UPDATE WITH 2023 ACTUAL TESTED QUESTIONS AND ANSWERS 1. For registration purposes, the insurance policy cannot substitute for the insurance c...

2023-U.S.=FORCES-DRIVERS- TRAINING-PROGRAM FOR EUROPE FINAL EXAM 2 QUESTIONS AND 100% CORRECT ANSWERS, Latest 2023 Rated A+ For registration purposes, the insurance policy cannot substitute for the insurance confirmation card as proof of automobile insurance under German law and U.S. Forces regulations. (para 33e(3)) a. True. b. False. - ANS True License plates issued to drivers by the Registry of Motor Vehicles automatically become the driver's property. (para 33c...

Employer health plans must provide primary coverage for individuals with end-stage renal disease before medicare becomes primary care for how many months? - Answer- 30 months the sole beneficiary of a life insurance policy dies before the insured. the policy will then go to? - Answer- The insured's estate An insured buys a 5-year level premium term policy with a face amount of $100,000. The policy also contains renewability and convertibility options. When the insured renews the policy in...