3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION
LATEST 2023-2024 ACTUAL EXAM TEST BANK 273
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS)GRADED A+
Terms in this set (273)
what would a person be A misdemeanor.
guilty of who refuses to
deliver any books records, or
assets to the commissioner
once a seizure order has been
executed?
An agent who is acting as an fiduciary
insurance
agent, broker, solicitor, life
agent, accident and health, or
bail agent acts in which
capacity when handling
premiums or return premiums
for an insured?
which of the following Only pure risks are insurable.
statements regarding risk is
TRUE?
the purchase of an insurance the elimination of risk
policy may accomplish all of
the following Except?
Insureds are entitled to Indemnity.
recover an amount NOT
greater than the amount of
their loss under the principle
of
What rule is used to determine The materiality of concealment.
the importance of a
representation?
-a… 1/35
,3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
The required contents of a The probability of loss
policy include all of the
following EXCEPT?
All of the following are Increases the unearned premium reserve
characteristics of reinsurance
EXCEPT ?
According to the California code, the financial rating of the insurer
an
insurance policy must specify
all of the Following Except?
all of the following qualify as misdemeanor charges filed, not resulting in a conviction.
"background information" as
defined in section 1729.2 of the
California Insurance Code,
Except?
Loss retention is an effective risk probability of loss is unknown.
management technique
when all of the following
conditions exist EXCEPT
the
-a… 2/35
,3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
a situation in which there is a speculative risk
possibility of loss or a gain is
a
Why is having a large number the greater the number insured, the more accurately the
of similar exposure units insurer can predict losses and set appropriate premiums.
important to insurers?
all of the following are eliminates fraudulent losses.
benefits of insurance Except
it ?
who are members of the Life and Health insurers
Medical information Bureau?
the process by which an underwriting
insurer decides whether to
issue requested insurance is
called?
Unless it is merely a statement of Promise
an
expectation or a belief, a
representation as to the future
is considered which of the
following?
Upon notification of a claim, by interview appointment with the agent of record.
a claimant must be given
access to the California Fair
Claims Settlement Practices
resolution by all of the
following means EXCEPT
what is the definition of Money an insured pays an insurer to obtain the benefits provided in the
premium? policy.
what is the goal of the to avoid selecting a disproportionate number of bad risk.
underwriting process?
Insurer policy expenses include premiums
all of the following EXCEPT
unintentional concealment rescission of the contract.
entitles the
injured party to which course of
action, if any?
Making an insured whole by the principles of indemnity.
restoring them to the same
condition as before a loss is an
-a… 3/35
, 3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
example of
Risk can be defined as all of the the cause of loss
following EXCEPT
which of the following is a there must be an offer acceptance of the contract terms.
requirement of a contract
Moral hazard can be defined as chance of a loss occurring due to an insured's dishonest tendencies
the increase
according to the california name is the licensee's actual name.
insurance code, the
commissioner can
disapprove a licensee's
request to use a fictitious
name for any of the following
reasons except that the name
it is considered an unfair a member of the Insurance guarantee association.
method of competition for an
agent to advertise that the
insurer the gent is appointed
with is
all of the following are there must be equal consideration between the parties.
requirements of a contract
except?
-a… 4/35
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION
LATEST 2023-2024 ACTUAL EXAM TEST BANK 273
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS)GRADED A+
Terms in this set (273)
what would a person be A misdemeanor.
guilty of who refuses to
deliver any books records, or
assets to the commissioner
once a seizure order has been
executed?
An agent who is acting as an fiduciary
insurance
agent, broker, solicitor, life
agent, accident and health, or
bail agent acts in which
capacity when handling
premiums or return premiums
for an insured?
which of the following Only pure risks are insurable.
statements regarding risk is
TRUE?
the purchase of an insurance the elimination of risk
policy may accomplish all of
the following Except?
Insureds are entitled to Indemnity.
recover an amount NOT
greater than the amount of
their loss under the principle
of
What rule is used to determine The materiality of concealment.
the importance of a
representation?
-a… 1/35
,3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
The required contents of a The probability of loss
policy include all of the
following EXCEPT?
All of the following are Increases the unearned premium reserve
characteristics of reinsurance
EXCEPT ?
According to the California code, the financial rating of the insurer
an
insurance policy must specify
all of the Following Except?
all of the following qualify as misdemeanor charges filed, not resulting in a conviction.
"background information" as
defined in section 1729.2 of the
California Insurance Code,
Except?
Loss retention is an effective risk probability of loss is unknown.
management technique
when all of the following
conditions exist EXCEPT
the
-a… 2/35
,3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
a situation in which there is a speculative risk
possibility of loss or a gain is
a
Why is having a large number the greater the number insured, the more accurately the
of similar exposure units insurer can predict losses and set appropriate premiums.
important to insurers?
all of the following are eliminates fraudulent losses.
benefits of insurance Except
it ?
who are members of the Life and Health insurers
Medical information Bureau?
the process by which an underwriting
insurer decides whether to
issue requested insurance is
called?
Unless it is merely a statement of Promise
an
expectation or a belief, a
representation as to the future
is considered which of the
following?
Upon notification of a claim, by interview appointment with the agent of record.
a claimant must be given
access to the California Fair
Claims Settlement Practices
resolution by all of the
following means EXCEPT
what is the definition of Money an insured pays an insurer to obtain the benefits provided in the
premium? policy.
what is the goal of the to avoid selecting a disproportionate number of bad risk.
underwriting process?
Insurer policy expenses include premiums
all of the following EXCEPT
unintentional concealment rescission of the contract.
entitles the
injured party to which course of
action, if any?
Making an insured whole by the principles of indemnity.
restoring them to the same
condition as before a loss is an
-a… 3/35
, 3/11/25, 11:46 PM LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION LATEST 2023-2024 …
example of
Risk can be defined as all of the the cause of loss
following EXCEPT
which of the following is a there must be an offer acceptance of the contract terms.
requirement of a contract
Moral hazard can be defined as chance of a loss occurring due to an insured's dishonest tendencies
the increase
according to the california name is the licensee's actual name.
insurance code, the
commissioner can
disapprove a licensee's
request to use a fictitious
name for any of the following
reasons except that the name
it is considered an unfair a member of the Insurance guarantee association.
method of competition for an
agent to advertise that the
insurer the gent is appointed
with is
all of the following are there must be equal consideration between the parties.
requirements of a contract
except?
-a… 4/35
