California Life Accident and Health Exam
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Terms in this set (353)
A JOHN IS THE AGENT FOR ABC INSURANCE AND
ABC INSURANCE JANE IS THE INSURED. WHO IS THE PRINCIPAL IN
THIS AGENCY RELATIONSHIP?
A
ABC INSURANCE
B
JOHN
C
JANE
D
NONE
,D A(N) ________ INSURER IS AUTHORIZED TO WRITE
ADMITTED INSURANCE POLICIES IN A PARTICULAR STATE.
A
DOMESTIC
B
NON-ADMITTED
C
FOREIGN
D
ADMITTED
B WHICH OF THE FOLLOWING IS CLASSIFIED AS
A PERSON WHO NEGOTIATES AN INSURANCE BROKER?
INSURANCE CONTRACTS ON A
BEHALF OF AN INSURED A PERSON WHO PLACES COVERAGE FOR
HIS/HER OWN INSURANCE
B
A PERSON WHO NEGOTIATES INSURANCE
CONTRACTS ON BEHALF OF AN INSURED
C
A PERSON IN THE HOME OFFICE WHO DOES
NOT SOLICIT OUTSIDE OF THE OFFICE
D
AN EMPLOYEE WHO NEGOTIATES INSURANCE
CONTRACTS FOR HIS/HER EMPLOYER
,C THE INSURANCE CONTRACT IS SAID TO BE A
EACH PARTY IS ENTITLED TO RELY CONTRACT OF UTMOST GOOD FAITH, BECAUSE:
UPON THE REPRESENTATIONS OF A
THE OTHER THAT THERE IS CONCEALMENT OF KNOWN FACTS ON THE PART
NOTHING CONCEALED OR OF THE INSURED WILL VOID THE CONTRACT
DISHONEST B
THE INSURER HAS DRAWN UP THE CONTRACT
AND, THEREFORE, THERE IS NO INTENT TO
DECEIVE
C
EACH PARTY IS ENTITLED TO RELY UPON THE
REPRESENTATIONS OF THE OTHER THAT THERE IS
NOTHING CONCEALED OR DISHONEST
D
THE INSURED MUST WARRANT THAT HIS/HER
REPRESENTATIONS ARE TRUE
A WHICH OF THE FOLLOWING BEST DESCRIBES A
THE INSURED IS RESTORED TO THE CONTRACT OF INDEMNITY UNDER INSURANCE?
SAME FINANCIAL CONDITION AS A
PRIOR TO THE LOSS, WITH NO THE INSURED IS RESTORED TO THE SAME
INTENT OF LOSS OR GAIN FINANCIAL CONDITION AS PRIOR TO THE LOSS,
WITH NO INTENT OF LOSS OR GAIN
B
THE INSURED INDEMNIFIES THE INSURER FOR
ANY EXPENSES IN ADJUSTING THE LOSS
C
THE INSURED SUSTAINS A LOSS AS A RESULT OF
THE LOSS
, D THE INSURED IS RESTORED TO A FINANCIAL
SURPLUS CONDITION AS GOOD AS, OR BETTER THAN, THE
INSURED WAS BEFORE THE LOSS
___________ INSURANCE IS USED TO PROVIDE
COVERAGE WHEN INSURANCE IS NOT
AVAILABLE FROM AN ADMITTED CARRIER.
A
FACULTATIVE
B
DOMESTIC
C
ALIEN
D
SURPLUS
C WHICH OF THE FOLLOWING RISKS IS
PURE RISK PROTECTED BY INSURANCE?
A
CERTAIN RISK
B
SPECULATIVE RISK
C
PURE RISK
D
INVOLUNTARY RISK
Practice|questions and answers with
rationales/graded A+/2026 update/100% correct
/instant download
Save
Terms in this set (353)
A JOHN IS THE AGENT FOR ABC INSURANCE AND
ABC INSURANCE JANE IS THE INSURED. WHO IS THE PRINCIPAL IN
THIS AGENCY RELATIONSHIP?
A
ABC INSURANCE
B
JOHN
C
JANE
D
NONE
,D A(N) ________ INSURER IS AUTHORIZED TO WRITE
ADMITTED INSURANCE POLICIES IN A PARTICULAR STATE.
A
DOMESTIC
B
NON-ADMITTED
C
FOREIGN
D
ADMITTED
B WHICH OF THE FOLLOWING IS CLASSIFIED AS
A PERSON WHO NEGOTIATES AN INSURANCE BROKER?
INSURANCE CONTRACTS ON A
BEHALF OF AN INSURED A PERSON WHO PLACES COVERAGE FOR
HIS/HER OWN INSURANCE
B
A PERSON WHO NEGOTIATES INSURANCE
CONTRACTS ON BEHALF OF AN INSURED
C
A PERSON IN THE HOME OFFICE WHO DOES
NOT SOLICIT OUTSIDE OF THE OFFICE
D
AN EMPLOYEE WHO NEGOTIATES INSURANCE
CONTRACTS FOR HIS/HER EMPLOYER
,C THE INSURANCE CONTRACT IS SAID TO BE A
EACH PARTY IS ENTITLED TO RELY CONTRACT OF UTMOST GOOD FAITH, BECAUSE:
UPON THE REPRESENTATIONS OF A
THE OTHER THAT THERE IS CONCEALMENT OF KNOWN FACTS ON THE PART
NOTHING CONCEALED OR OF THE INSURED WILL VOID THE CONTRACT
DISHONEST B
THE INSURER HAS DRAWN UP THE CONTRACT
AND, THEREFORE, THERE IS NO INTENT TO
DECEIVE
C
EACH PARTY IS ENTITLED TO RELY UPON THE
REPRESENTATIONS OF THE OTHER THAT THERE IS
NOTHING CONCEALED OR DISHONEST
D
THE INSURED MUST WARRANT THAT HIS/HER
REPRESENTATIONS ARE TRUE
A WHICH OF THE FOLLOWING BEST DESCRIBES A
THE INSURED IS RESTORED TO THE CONTRACT OF INDEMNITY UNDER INSURANCE?
SAME FINANCIAL CONDITION AS A
PRIOR TO THE LOSS, WITH NO THE INSURED IS RESTORED TO THE SAME
INTENT OF LOSS OR GAIN FINANCIAL CONDITION AS PRIOR TO THE LOSS,
WITH NO INTENT OF LOSS OR GAIN
B
THE INSURED INDEMNIFIES THE INSURER FOR
ANY EXPENSES IN ADJUSTING THE LOSS
C
THE INSURED SUSTAINS A LOSS AS A RESULT OF
THE LOSS
, D THE INSURED IS RESTORED TO A FINANCIAL
SURPLUS CONDITION AS GOOD AS, OR BETTER THAN, THE
INSURED WAS BEFORE THE LOSS
___________ INSURANCE IS USED TO PROVIDE
COVERAGE WHEN INSURANCE IS NOT
AVAILABLE FROM AN ADMITTED CARRIER.
A
FACULTATIVE
B
DOMESTIC
C
ALIEN
D
SURPLUS
C WHICH OF THE FOLLOWING RISKS IS
PURE RISK PROTECTED BY INSURANCE?
A
CERTAIN RISK
B
SPECULATIVE RISK
C
PURE RISK
D
INVOLUNTARY RISK
