California Life-Only & Accident and Health Agent practice questions
212 free questions with answers and explanations.
- 201.A client in California is purchasing a new Accident and Health policy. The agent explains that the policy includes a provision stating that if the insured suffers a loss while engaging in an illegal occupation, the insurer may reduce or deny benefits. What is this provision commonly known as?California Law - Life and Accident & Health
- 202.A small business in California with 15 employees provides a group Accident and Health policy. An employee is terminated due to gross misconduct. This employee has been covered under the group policy for 3 years. Under Cal-COBRA, what is the maximum continuation period for this employee?California Law - Life and Accident & Health
- 203.A life insurance policy in California includes a 'Common Disaster Clause'. This clause is designed to address situations where the insured and the primary beneficiary die in the same accident, and it is unclear who died first. What is the primary purpose of this clause?California Law - Life and Accident & Health
- 204.A 40-year-old client is evaluating different life insurance policies. They are looking for a policy that offers permanent coverage, level premiums for life, and guaranteed cash value growth. Additionally, they desire the potential to receive policy dividends. Which type of life insurance policy would best meet these requirements?Life Insurance
- 205.A small business owner is establishing a Buy-Sell Agreement. The agreement specifies that upon the death of a partner, the surviving partners will purchase the deceased partner's share of the business. To fund this agreement, each partner purchases a life insurance policy on the lives of the other partners. What type of Buy-Sell Agreement funding method is this?Life Insurance
- 206.An agent is explaining the process of policy delivery to a new life insurance client. The agent informs the client that if the initial premium was NOT paid with the application, the agent must collect the premium and obtain a signed statement of continued good health. What is the primary purpose of this statement?Life Insurance
- 207.A self-employed graphic designer earns an average of $8,000 per month. She has a disability income insurance policy with a 60% benefit percentage, a 90-day elimination period, and a 'own occupation' definition of disability. If she becomes totally disabled and cannot perform the duties of her specific job, how much will her monthly benefit be after the elimination period?Related Benefits and Products
- 208.A life-only agent, licensed in California, fails to complete the required 24 hours of continuing education (CE) during their two-year license term. Which of the following is the most likely consequence?California Law - General
- 209.A newly licensed life-only agent in California is preparing their first advertisement to be distributed to potential clients. According to California regulations, which of the following is a mandatory disclosure that must be included in all advertisements?California Law - General
- 210.A health insurance policy includes a provision that specifies the time frame within which an insured must provide written notice of a claim to the insurer. What is this provision called?Accident and Health Insurance
- 211.A client is reviewing their existing long-term care insurance policy and is concerned about the impact of inflation on future care costs. They recall that their policy includes a feature designed to automatically increase the daily benefit amount over time without requiring evidence of insurability. Which policy feature are they most likely referring to?Related Benefits and Products
- 212.A family has a Medical Expense Insurance policy with a $1,000 deductible per person, a maximum of three deductibles per family, and an 80/20 coinsurance clause. If two family members each incur $1,500 in covered medical expenses in the same year, how much will the family owe in total for these two individuals after the deductible has been met for both?Related Benefits and Products