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

SectionObjectives
Topic 1: Life Insurance Concepts- Policy provisions and riders
- Types of life insurance policies (term, whole life, universal life)
- Beneficiaries and settlement options
Topic 2: Accident and Health Insurance- Disability income insurance
- Long-term care insurance basics
- Medical expense coverage
Topic 3: State Insurance Regulations (California)- Unfair trade practices and ethics
- California Insurance Code and regulations
- Licensing requirements and producer conduct
Topic 4: Annuities and Retirement Concepts- Fixed and variable annuities
- Retirement income options
Topic 5: Insurance Basics and Principles- Insurance terminology and principles
- Risk management concepts

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

Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a qualifying event ensures that an employee who loses coverage can

  • A. request a waiver of premium.
  • B. convert to an individual policy.
  • C. transfer coverage to another group.
  • D. elect to continue coverage.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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A life insurance application is important for all of the following reasons EXCEPT

  • A. statements made in the application are required to be true to the best of the applicant's knowledge.
  • B. the application becomes a part of the policy, if a copy is attached.
  • C. the beneficiary must sign the application before the insurer will issue the policy.
  • D. the application contains essential information about the applicant.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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A health insurance issuer offering coverage in the individual market must provide premium rebates if its medical loss ratio (MLR) is less than what percentage?

  • A. 80%
  • B. 70%
  • C. 75%
  • D. 85%
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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All of the following are requirements of a contract EXCEPT

  • A. the contract must have a legal purpose.
  • B. there must be an offer and acceptance of the contract terms.
  • C. there must be equal consideration between the parties.
  • D. the parties to the contract must be legally competent.
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Correct Answer: C  🗳️

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The cost of employer-provided group life insurance above $50,000 is

  • A. tax deductible by the employee.
  • B. taxable as income to the employee.
  • C. taxable to the employer.
  • D. tax exempt to the employee.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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