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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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.
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.
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.
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.
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.
Correct Answer: C 🗳️
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