Free CA Life, Accident and Health or Sickness Examination Practice Questions

A.  

Divorce

B.  

Marriage

C.  

Promotion

D.  

Relocation

A.  

The greater the number insured, the more accurately the insurer can predict losses and set appropriate premiums.

B.  

The greater the number insured, the more premium is collected to offset fixed costs.

C.  

The greater the number insured, the more premium is collected to help cover losses.

D.  

The insured increases its market share with every insured.

A.  

Rescission of the contract.

B.  

$250 fine to be paid to the injured party.

C.  

Possible imprisonment to the party who concealed the information.

D.  

None, due to the fact that the concealment was unintentional.

A.  

adhesion.

B.  

indemnity.

C.  

utmost good faith.

D.  

warranty.

A.  

rate regulation.

B.  

consumer protection.

C.  

solvency surveillance.

D.  

interpret policy provisions.

A.  

a minimum guarantee of interest rate.

B.  

protection during stock market declines.

C.  

an annually increasing maximum rate of interest.

D.  

an opportunity to participate in gains associated with the stock market.

A.  

Patients

B.  

Hospitals

C.  

Pharmacies

D.  

Physicians

A.  

help evaluate policies.

B.  

charge for their services.

C.  

assist in medical record keeping.

D.  

explain Medicare supplement coverages.

A.  

tax deferred.

B.  

not deductible.

C.  

excluded from the adjusted gross income.

D.  

deductible to the extent that they exceed 7.5% of the adjusted gross income.

A.  

Bonus paid by an agent to convince an insured to buy a policy.

B.  

Money an insured pays an insurer to obtain benefits provided in the policy.

C.  

Money an insurer pays to an insured to obtain the benefits provided in the policy.

D.  

Amount the insured pays per unit of coverage (e.g., $10 per $1,000 of coverage).