Study guides, Class notes & Summaries

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...

A key person is typically all of the following, except: - -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct responsibilities for sales, production, or service. Which one of the following is not...

Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct responsibilities for sales, production, or service.

CA LIFE INSURANCE PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS A key person is typically all of the following, except: - correct answer -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct respo...

CA LIFE INSURANCE PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS A key person is typically all of the following, except: - correct answer -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct respo...

CA Life Insurance Exam 2024 What is meant by referring to an insurance policy as a unilateral contract? -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? -Answer-At all times. Any situation that presents the possibility of a loss is known as -Answer-a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? -Answer-...

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...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) 2024 Admitted Insurance Company vs. Non-Admitted Insurance Company -Answer-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 (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission...

52 HOUR CALIFORNIA LIFE, ACCIDENT AND HEALTH COURSE 2024 #8Question #121859 When an insurer can no longer meet its financial obligations when they are due, the insurer is considered to be: -Answer-Correct Answer: Insolvent Explanation: Insolvency means any impairment of required minimum paid-in capital or the inability of the insurer to meet its financial obligations when they are due. #9Question #121863 An appointment as an agent of an insurer becomes effective on the date it is: -Answ...

California Life, Accident, and Health Licensing Exam Co-insurance -Answer-The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio -Answer-The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy -Answer-When a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, ...

California Life, Accident and Health Cram Course Exam 1-3 | 100% Correct Verified and Updated 2024 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 -Answer-D Explanation: Most Health insurance provides 'non-occupational' (off the job) coverage f...