California insurance code - Study guides, Class notes & Summaries

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 time Any situation that presents that 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 contract? - Personal judgement the direct distribution of insura...

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...

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

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...

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 ...

is san francisco's building codes enough to protect from an earthquake no, especially not for tall buildings. Code says that structures must have 90% chance of avoiding a total collapse what has california done to prepare for an earthquake freeway overpasses, bridges, some buildings have been strengthened. Many people live in wood frame homes that hold up pretty well what is the tall building study detailed database of over 160 buildings that includes blueprints, records ...

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...

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...

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...