CA - Life, Health, Accident or Sickness Exam

How can a licensee surrender any license for cancellation? Correct Answers By submitting written notice or by delivering the license to the commissioner. When is a representation false? Correct Answers When the facts fail to correspond with its assertions or stipulations Which would permit an insurer to escape insolvency? Correct Answers Possession of assets equal to the total paid-in capital after all liabilities and reinsurance Which is TRUE regarding a life and health agent who has not been specifically appointed by the insurer? Correct Answers If a policy is issued, the insurer is considered to have authorized the agent to act on its behalf. All of the following are to be specified in an insurance policy EXCEPT Correct Answers the financial rating of the insured. Which circumstances in a pretext interview determine if the questions are permissible? Correct Answers When an insured is consulted by a person who hides his true identity on purpose when fraud for a claim is suspected. Which of the following is the method wherein a contract of insurance is finalized as relates to the sales process? Correct Answers Execution of a contract of insurance Which of the following is TRUE regarding continuing education requirements of an agent or broker? Correct Answers Any licensee shall satisfactorily complete 24 hours of instruction prior to license renewal. Which of the following provisions of free insurance offered as an incentive to purchase or rent property is TRUE? Correct Answers It requires a separate charge or fee. Which of the following is an insurer allowed to do in the event of a claim? Correct Answers Request a medical examination for the purpose of determining liability under a policy provision