Free Life Accident and Health Insurance Basics Practice Questions
California Life, Accident & Health exam (series Life, Accident & Health) — 109 practice questions.
Subtopics: Insurable interest, HIV consent, Carrier gene protection, Life settlement rescission, STOLI, Spendthrift clause, HIV underwriting, Own life, Love and affection, Life settlement broker, Settlement licensing, Disability insurance, Health insurance defined, Regulators, CDI jurisdiction, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value, Application signatures, Third-party consent, Application changes, Incomplete application, Premium receipt, Risk classification, Substandard rating, Underwriting sources, Accelerated underwriting, Genetic information, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
Read the Life Accident and Health Insurance Basics study guide
Sample questions & answers
1. In California life insurance, insurable interest must exist:
At the time the contract is made
For life insurance the insurable interest must exist when the contract is made.
2. Before HIV testing for life or disability income underwriting in California an insurer must obtain:
Written informed consent
Section 799.03 requires a life or disability income insurer that asks an applicant to take an HIV test to obtain the applicant's written informed consent.
3. California prohibits a life or disability insurer from refusing to issue a policy solely because the applicant carries a gene, such as sickle cell trait, that:
Causes no adverse effects on the carrier but may affect offspring
Section 10143 bars refusing life or disability coverage solely because a person carries a gene, such as Tay-Sachs or sickle cell trait, that causes no adverse effects on the carrier.
4. Under California life settlement law, the policy owner generally has the right to:
Rescind within 30 days of execution or 15 days after proceeds, if sooner
Section 10113.2 gives the owner an absolute right to rescind within 30 days after the contract is executed and disclosures received, or 15 days after receiving the proceeds, whichever is sooner.
All Life, Accident & Health topics
Practice: Life Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
