California insurance code - Study guides, Class notes & Summaries

Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 1. What is considered the most common type of specified disease insurance policy?: Cancer 2. Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 3. How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 4. when handling premiums for an insured an agent is a...

School appearance leave specifically provides employees: protection from discrimination for taking time off to appear at school for reasons related to a child's suspension Some entities that are exempt from Proposition 65 include small organizations: 55 An advanced notice of a CAL/OSHA Inspection is usually given when: an imminent hazard is present so that employer can abate the hazard as quickly as possible When performing a background check on a job candidate, an emplo...

1. In dwelling policies, automatic increase in insurance is (Choose from the following options) 1. Coverage for newly acquired property. 2. Coverage by endorsement. 3. Automatic coverage. 4. Coverage without additional premium. - 2. Coverage by endorsement. 2. Personal business property out in the open is covered under Commercial Property Policy only while (Choose from the following options) 1. Within 150 feet of the described premises. 2. Within 100 feet of the described premises. 3....

Your license will be considered to be inactive when you: - correct answer No longer have any appointments On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - correct answer Not taxable since the IRS treats them as a refund of a portion of the premium paid All of the following are true regarding a non-contributory employer group medical expense insurance policy EXCEPT: - correct answer Premiums must be paid entirely...

Code and Ethics California Insurance Exam Questions and Answers

Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A)Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A)Final Exam: California Life, Accident, and Health Insurance Questions and Answers (Graded A) What is an insurance solicitor authorized to do? - ANSWER-Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - ANSWER-A contract What does a Hospital Confineme...

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 time Any situation that presents that 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 judgement the direct distribution of insura...

CALIFORNIA LIFE, ACCIDENT AND HEALTH STATE EXAM TEST BANK WITH 400+ QUESTIONS AND CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, ACCIDENT AND HEALTH INSURANCE LICENSE PRACTICE EXAM (NEW!!) According to the California Insurance Code, what is the maximum penalty per violation for anyone who unwilfully commits an unfair method of competition? - ANSWER-$5,000 What is an "insurance broker" according to California Insurance Code? - A person who offers or attempts to negotiate life settlement...

Final Exam - California Life Only Questions and Answers 100% Pass According to the California Insurance Code, what is "insurance"? - Correct Answer ️️ - A contract Which of these statements correctly describes risk? - Correct Answer ️️ -Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - Correct Answer ️️ -Statement that all values and benefits are guaranteed An ag...

ACTUAL FINAL EXAM CA CALIFORNIA LIFE INSURANCE (ELABORATED QUESIONS AND ANSWERS) According to the California Insurance Code, what is "insurance"? - CORRECT ANSWER-A contract Which of these statements correctly describes risk? - CORRECT ANSWER-Pure risk is the only insurable risk Only pure risks are insurable Which of the following does NOT have to be included on life insurance policy illustrations? - CORRECT ANSWER-Statement that all values and benefits are guaranteed An agent...