[BUNDLED] FInal Exam: California Life, Accident, and Health Insurance,,Michigan Life, Accident, and Health ,,Louisiana Life, Health, and Accident Insurance Licensing,,Accident and Health Insurance Exam Questions and Answers ,,NYS Life, accident, and healt

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 (CDI)

Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? Free Look When will a policy pay on a UCR basis? When particular benefits are not listed on a pay...

Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? - 30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - 30 A signed good health st...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to...

Regarding an organizational license, what happens when a corporation is dissolved? - The license is terminated john applies for a variable annuity and does not request that the premiums be immediately invested in a stock or bond portfolio. After the annuity is issued, John returns the annuity co...

Insurance - the transfer of Pure risk to the insurance company in consideration for a premium must be pure risk and calculable. Pure Risk - the chance of loss without any chance of gain; insurable Speculative Risk - possibility for gain or loss; not insurable Risk - Chance of loss ...

The Commissioner of Insurance is appointed by the Governor for a term of - 4 years All of the following are examples of insurance transactions except: A. soliciting applications for insurance B. delivering policies C. licensing of producers D. collecting premiums - Correct answer: C - li...

What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficia...