2024 ca life accident an - Study guides, Class notes & Summaries

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) Exam Questions With 100% Verified Answers. Admitted Insurance Company vs. Non-Admitted Insurance Company - answerAn 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...

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-...

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...

CA PSI SITE – LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFEAGENT) QUALIFIED EXAM 2024 FINEST ELABORATED QUESTIONS AND DETAILED ANSWERS WITH RATIONALES 100% PASS. When any change in residence address occurs, every licensee and every applicant for a license must notify the Commissioner _______________. (Select the most correct response) A. Within 6 months after the move has taken place B. Within 6 months before the license is to expire C. 30 days before submitting a continuing...

Final Exam - Kentucky Life and Health Q’s & A’s 2023/2024 An insurance agent who replaces an existing policy by making false written or oral statements is committing the act of: twisting Which of the following risks are insurable? pure risk The federal income tax treatment of employer-provided group health insurance can be accurately described as: Employee's coverage paid for by the employer is tax-deductible to the employer as a business expenditure Which approach predicts a perso...

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-...

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...

2024 CA PSI SITE LIFE, ACCIDENT AND HEALTH AGENT EXAM WITH CORRECT ANSWERS 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) 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 admissio...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. 106. Question #90627 During the waiting (elimination) period: AThe insure...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 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) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with Cali...