California Life, Accident and Health Cram Course Exam Questions With Complete Solutions Which of the following statements can always be made by an agent during a tax qualified Long Term Care insurance policy
presentation: - Correct Answers ✅The plan may receive
federal and state tax advantages As used in the California Insurance Code the use of the word
"may" is: - Correct Answers ✅Permissive
Which of the following statements can always be made by an agent during a tax qualified Long Term Care insurance policy
presentation: - Correct Answers ✅The plan may receive
federal and state tax advantages When an insurer wants to have the applicant complete an HIV
test, they must do all of the following except: - Correct
Answers ✅Go over a privacy notice If a whole life policy is being kept in-force by the Waiver of
Premium rider: - Correct Answers ✅The cash value will
continue to increase as if the insured paid the premium The enactment of the Pregnancy Discrimination Act had
which of the following effects on group health insurance: -
Correct Answers ✅Pregnancy of an employee must be treated in the same manner as any other health condition 1 / 4
California Life, Accident and Health Cram Course Exam Questions With Complete Solutions Engaging in which of the following avocations will not cause a
life insurer to reject or rate-up an applicant: - Correct
Answers ✅Roller blading The provision that applies in group insurance when an insured has coverage under multiple plans at one time is
known as: - Correct Answers ✅Coordination of benefits
In Group Health insurance, the period of time that starts when a new employee is hired and ends on the date they
become eligible for the employer's Group Health plan is the: -
Correct Answers ✅Probationary period Variable annuity premiums may be invested in all of the
following EXCEPT: - Correct Answers ✅Agent's interest
bearing trust account Before obtaining an HIV test the insurer must do which of the
following: - Correct Answers ✅Have the applicant sign a
consent form
HMOs are required to cover all of the following except: -
Correct Answers ✅Prescription drugs 2 / 4
California Life, Accident and Health Cram Course Exam Questions With Complete Solutions At what point in time may a representation be altered or
withdrawn: - Correct Answers ✅Prior to the insurance
going into effect only If a corporation uses life insurance to buy shares under a buy- sell agreement, which of the following is true regarding
taxation: - Correct Answers ✅It is treated as a loss or gain
if they are common stock All of the following must be disclosed in Internet advertising
EXCEPT an agent's: - Correct Answers ✅Phone number
When the pricing principle is defined in a disability policy by the financial loss on a certain group of people occurring over
a certain period of time it is known as: - Correct Answers
✅Frequency Dread (Specified) Disease policies covers which of the
following: - Correct Answers ✅Treatment for one specific
disease Which of the following criteria must be used to classify an injury as accidental under a disability income policy? - Correct Answers ✅The cause of the injury may be intentional, but the result of the injury must be accidental 3 / 4
California Life, Accident and Health Cram Course Exam Questions With Complete Solutions Which of the following terms used in the California Insurance
Code is mandatory: - Correct Answers ✅Shall
An insurance company entitled to transact business by complying with the California insurance Code (CIC) is known
as: - Correct Answers ✅An admitted carrier
What type of policy has both a Capital and Principal sum: -
Correct Answers ✅Accidental Death and Dismemberment (AD&D) insurance What rider allows the insured to purchase additional amounts of insurance at specific intervals without having to prove insurability - Correct Answers ✅Guaranteed insurability If the owner of an annuity has to multiply the value of an accumulation unit held in the separate account by the
number of accumulation units owned, the customer has a: -
Correct Answers ✅Variable annuity In a disability income policy, the commonly used 30 day, 60
day, 90 day and 180 day terminology refers to the: - Correct
Answers ✅Number of days which no benefits will be paid
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