Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 252 study documents about .
All 252 results
Sort by
-
California Life Insurance Exam | Questions with 100% correct answers | verified
- Exam (elaborations) • 16 pages • 2023
- Available in package deal
-
- $8.49
- 2x sold
- + learn more
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 contract? - 
Personal judgment. 
The direct distribution of insura...
-
Life-Only Agent Exam 1 Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024 Popular
- Available in package deal
-
- $11.49
- 1x sold
- + learn more
Life-Only Agent Exam 1 Questions and 
Answers 100% Pass 
AN example of a moral hazard in relation to a life insurance application would be: - Answer ️️ 
-Misstating your health history to an insurance company. 
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 
contract to the insurer within the free look period. What will John receive from the insurer? - 
Ans...
-
Final Exam - California Life and Health Questions and Answers
- Exam (elaborations) • 16 pages • 2024
-
- $12.49
- + learn more
Final Exam - California Life and Health 
Questions and Answers 
Employer-provided group term life insurance is exempt from income taxation up to - 
Correct Answer ️️ -$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 Answer ️️ -3 months 
Which statement is true regarding policy dividends? - Correct Answer ️️ -A dividend 
option is selected by the insured at the time of poli...
-
CALIFORNIA LIFE PRACTICE EXAM A QUESTIONS AND ANSWERS 100% CORRECT
- Exam (elaborations) • 9 pages • 2024
-
- $12.49
- + learn more
CALIFORNIA LIFE PRACTICE EXAM A QUESTIONS 
AND ANSWERS 100% CORRECT 
AN ANNUITY THAT IS PURCHASED WITH A LUMP SUM PREMIUM AND WHOSE 
BENEFITS BEGIN AFTER 12 MONTHS IS CALLED A - Correct Answer ️️ -SINGLE 
PREMIUM DEFERRED ANNUITY 
A TECHNIQUE USED TO DETERMINE THE AMOUNT OF LIFE INSURANCE 
NEEDED BY FOCUSING ON THE PROJECTED EARNING POTENTIAL OF AN 
INSURED IS CALLED THE - Correct Answer ️️ -HUMAN LIFE VALUE APPROACH 
WHEN REPLACING A POLICY THE PRODUCER MUST PRESENT THE APPLICANT 
WITH ...
-
FInal Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Pass
- Exam (elaborations) • 17 pages • 2024
-
- $12.49
- + learn more
FInal Exam: California Life, Accident, and Health 
Insurance Questions and Answers 100% Pass 
What distinguishes a deferred annuity from an immediate annuity? - Correct Answer ️️ 
-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 beneficiary? - Correct Answer ️️ -60 payments 
What is a common reason people purchase ...
Want to regain your expenses?
-
CA Life and Health Exam Questions and Answers 100% Pass
- Exam (elaborations) • 9 pages • 2024
-
- $12.49
- + learn more
CA Life and Health Exam Questions and 
Answers 100% Pass 
What is insurance? - Correct Answer ️️ -Insurance is the legal contract where two 
parties agree that if something will happen, a value will be exchanged. 
What's the difference between pure risk and speculative risk? - Correct Answer ️️ - 
Pure risk is when you'll lose it all or there will be no change. Speculative risk you can 
either win or lose. 
What is peril? - Correct Answer ️️ -peril is the causes of loss insured aga...
-
Final Exam - California Life Only Questions and Answers 100% Pass
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
Final Exam - California Life Only 
Questions and Answers 100% Pass 
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 ag...
-
California Life, Accident, and Health Licensing Exam Questions and Answers 100% Pass
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
California Life, Accident, and Health Licensing 
Exam Questions and Answers 100% Pass 
Co-insurance - Correct Answer ️️ -The policy provision which requires the insurer and 
the insured to share in the cost of services rendered 
Exclusion ratio - Correct 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 - Correct Answer ️️ -When a disability income policy provides 
coverage for injuries wh...
-
Final Exam: California Life, Accident, and Health Insurance Questions and Answers 100% Pass
- Exam (elaborations) • 16 pages • 2024
- Available in package deal
-
- $12.49
- + learn more
Final Exam: California Life, Accident, and Health 
Insurance Questions and Answers 100% Pass 
The systematic liquidation of a sum of money is provided by a(n) - Correct Answer ️️ - 
annuity 
An annuitant would like to determine the current value of her annuity. To do this, she 
multiplies the number of "accumulation units" she owns times the unit value of the 
"separate account". What kind of annuity BEST matches this description? - Correct 
Answer ️️ -Variable annuity 
What kind of ...
-
California Life Accident and Health Exam Practice Questions and Answers 100% Correct
- Exam (elaborations) • 198 pages • 2024
- Available in package deal
-
- $14.49
- + learn more
California Life Accident and Health Exam Practice 
Questions and Answers 100% Correct 
A 
ABC INSURANCE - Correct 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 - Correct 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 INSU...
-
California Life Insurance State Exam Simulator Questions and Answers 100% Pass
- Exam (elaborations) • 56 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
California Life Insurance State Exam Simulator 
Questions and Answers 100% Pass 
Exclusion ratio - Correct Answer ️️ -An annuitant would life to determine the amount of 
an annuity distribution that is exempt from taxation. What is used to calculate this? 
Mortality rate, 
Exclusion ratio, 
Morbidity rate, 
Debt-to-Equity ration 
Offers a maximum interest rate that increases annually - Correct Answer ️️ -Which of 
the following is NOT a feature of equity-indexed annuities? 
Offers long t...
-
CA Life Insurance Practice Exam Questions and Answers 100% Pass
- Exam (elaborations) • 30 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
CA Life Insurance Practice Exam 
Questions and Answers 100% Pass 
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 dire...
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia