California Life, Accident, and Health Licensing Questions and Answers 100% Correct

Co-insuranceThe policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratioThe formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policyWhen a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaningThey only cover the insured if they become disabled while away from work. Self employed individuals doesn't haveworkers compensation coverage. They need coverage both on and off the job (occupational). A life agent who offers for sale or sells any financial product on the basis of its treatment under the MediCal Program must provideThe Notice Regarding Standards for Medi-Cal Eligibility. Must be signed by applicant. A widow or widower without any children is eligible for social security survivors benefits at age60 A surviving spouse is eligible for social security survivor's benefits at age60 An authorized, or admitted carrier (insurer)one