California insurance code - Study guides, Class notes & Summaries

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...

7 - (Questions) California Laws and Ethics Pertinent to Insurance Latest Update with Verified Solutions The California Insurance Code defines "policy" as a(n) accepted offer promissory arrangement written contract written quotation written contract A "policy" as described by the California Insurance Code is a written contract in which one party promises to indemnify another against loss that arises from an unknown event. The California Insurance Code allows an individual how many days...

CALIFORNIA LIFE AND HEALTH INSURANCE STATE EXAM TEST BANK WITH 200 QUESTIONS AND 100% CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, ACCIDENT AND HEALTH INSURANCE LICENSE AGENT EXAM 2024(NEW!!) The California Life and Health Insurance Guarantee Association covers all of these types of policies, EXCEPT Whole life Immediate annuities Disability Self-funded plans - ANSWER-Self-funded plans Bruce is involved in an accident and becomes totally and permanently disabled. His insurance polic...

Life and Health License 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 ...

Life and Health License Exam Questions and Answers 100% Pass Only one party makes a legally enforceable promise - Correct Answer ️️ -What is meant by referring to an insurance policy as a unilateral contract? At all times - Correct Answer ️️ -When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? a loss exposure - Correct Answer ️️ -Any situation that presents the possibility of a loss is known as Personal judgment - Corre...

Code and Ethics California Insurance Exam Questions and Answers

California Life Accident and Health Agent Exam 2024 Questions and Answers (Graded A)California Life Accident and Health Agent Exam 2024 Questions and Answers (Graded A)California Life Accident and Health Agent Exam 2024 Questions and Answers (Graded A) 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 medic...

What is an insurance solicitor authorized to do? - Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - A contract What does a Hospital Confinement indemnity policy pay for? - Pay a specified daily amount while the insured is confined to a hospital According to the California Insurance Code, how is the word "may" interpreted? - Permissive Which statement is CORRECT when describing a contract of adhesion? - Contract may be accepted or r...

Califomia Life, Accident And Health Insurance Course Exam 1 - 3 (100% Correct) Question #90476 Carol is injured driving a company car at work. Her Health insurance coverage: A. Provides excess or supplementary coverage B. Will provide coverage on a pro-rata basis with Workers Compensation C. Will cover her injuries D. Will not cover her since this is an occupational injury - CORRECT ANSWER: D Explanation: Most Health insurance provides 'non-occupational' (off the job) coverage for sick...

CA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS What is meant by referring to an insurance policy as a unilateral contract? - CORRECT ANSWER-Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - CORRECT ANSWER-At all times. Any situation that presents the possibility of a loss is known as - CORRECT ANSWER-a loss exposure Which of the following information is not required to be co...