CA Notary Signing Agent Test Questions Update with complete solutions graded A
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CA Notary Signing Agent
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CA Notary Signing Agent
CA Notary Signing Agent Test Questions Update with complete solutions graded ACA Notary Signing Agent Test Questions Update with complete solutions graded A
California Life and Health final Exam Questions and
Answers (Latest Update 2024) Verified Answers
Employer-provided group term life insurance is exempt from income taxation
up to - Correct Answers ✅$50,000
Medicare Part B has an initial enrollment period. How many months after an
individual's 65th birthday month does this enrollment period end? - Correct
Answers ✅3 months
Which statement is true regarding policy dividends? - Correct Answers ✅A
dividend option is selected by the insured at the time of policy purchase
What does the insurance term "indemnity" refer to? - Correct Answers
✅Make whole
What is a common reason people purchase an annuity? - Correct Answers
✅To protect against the risk of outliving their financial resources
The importance of a representation is demonstrated in what rule? - Correct
Answers ✅Materiality of concealment
California Life and Health final Exam Questions and
Answers (Latest Update 2023) Verified Answers
,California Life and Health final Exam Questions and
Answers (Latest Update 2024) Verified Answers
Who does a life settlement broker represent? - Correct Answers
✅Individual wanting to sell their life policy to a third party
Who is financially liable for the payment of covered claims in a fully insured
group health plan? - Correct Answers ✅Insurer
The Human Life Value concept is based on - Correct Answers ✅income
Business Overhead Expense Insurance pays for - Correct Answers
✅business expenses when a business owner becomes disabled
At what point does a self-insured group qualify for stop-loss coverage? -
Correct Answers ✅When claims exceed a specified limit in a set period of
time
What percentage of eligible employees must participate in a
noncontributory group health plan before it can be put in effect? - Correct
Answers ✅100%
California Life and Health final Exam Questions and
Answers (Latest Update 2023) Verified Answers
, California Life and Health final Exam Questions and
Answers (Latest Update 2024) Verified Answers
A life insurance policy where the insured can choose where the cash value
can be invested is called - Correct Answers ✅variable life
Which of these statements correctly describes risk? - Correct Answers
✅Pure and speculative risks are both insurable
The elimination period in a disability income policy serves the same purpose
as a(n) ______ in a medical expense policy. - Correct Answers ✅deductible
What is required after a life agent sells an insurance policy to an applicant
without being appointed by the insurer? - Correct Answers ✅Notice of
appointment must be submitted to the Commissioner
Retirement plans are prevented from favoring highly compensated
employees under which government regulation? - Correct Answers
✅Nondiscrimination
ESOPs are typically invested in - Correct Answers ✅employer stock
California Life and Health final Exam Questions and
Answers (Latest Update 2023) Verified Answers
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