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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:

SectionObjectives
State Insurance Regulations (California)- California Insurance Code and regulations
- Unfair trade practices and ethics
- Licensing requirements and producer conduct
Accident and Health Insurance- Medical expense coverage
- Long-term care insurance basics
- Disability income insurance
Annuities and Retirement Concepts- Retirement income options
- Fixed and variable annuities
Insurance Basics and Principles- Risk management concepts
- Insurance terminology and principles
Life Insurance Concepts- Types of life insurance policies (term, whole life, universal life)
- Policy provisions and riders
- Beneficiaries and settlement options

California Department of Insurance CA Life, Accident and Health or Sickness Examination Sample Questions:

All of the following are requirements of a contract EXCEPT

  • A. the contract must have a legal purpose.
  • B. there must be equal consideration between the parties.
  • C. the parties to the contract must be legally competent.
  • D. there must be an offer and acceptance of the contract terms.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Nearly every life insurer in the United States belongs to the

  • A. National Association of Insurance Commissioners.
  • B. Securities Exchange Commission.
  • C. Centers for Medicare and Medicaid Services.
  • D. Medical Information Bureau.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Which type of life insurance coverage has both a savings element and a flexible premium option?

  • A. Whole life.
  • B. There is currently no insurance product available in the standard market which has both of these features.
  • C. Universal life.
  • D. Term life.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Which two insurance products are commonly used to fund buy-sell agreements?

  • A. Disability insurance and Long-Term Care insurance.
  • B. Life insurance and deferred compensation.
  • C. Life insurance and disability insurance.
  • D. Disability insurance and deferred compensation.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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According to California Insurance Code, which of the following MUST be specified in an insurance contract?

  • A. Policy exclusions.
  • B. Additional coverages.
  • C. Risks insured against.
  • D. Insurer financial rating.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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