PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS
GUARANTEED TO PASS.
⩥ The premium modes. Answer - Is the frequency of premium
payment.
⩥ Concealment. Answer - Is the withholding of information by the
applicant that will result in an imprecise underwriting decision. may
void the policy
⩥ Tax sheltered annuity (tsa). Answer - Is a qualified plan available to
employees of certain nonprofit organizations of the internal revenue
code for example employees of public school systems.
⩥ Intent of replacement regulations. Answer - Are written to protect
the consumers of California,not the insurance company or its
producers.
⩥ Reinstatement. Answer - Provision allows a lapsed policy to be put
back in force. The maximum time limit for reinstatement is usually 3
years after the policy has lapsed.
⩥ Alien insurer. Answer - An insurer incorporated in a foreign
country.