CALIFORNIA PSI LIFE INSURANCE EXAM QUESTIONS WITH
CORRECT ANSWERS 2025
When is a representation false?
when the facts fail to correspond with its assertions or stipulations
Which of the following is TRUE regarding the use of fictitious names
for business?
The actual and fictitious business names must be registered with the
commissioner
Which is an ACCURATE statement regarding dependent coverage
under a group insurance policy?
The coverage must not exceed more than 100 percent of the coverage for
the insured employee
According to CIC Section 1711, an organization ceases to exist as an
entity eligible to hold a license EXCEPT
upon the termination of all contracts
,As long as employment continues, which is the ONLY reason the
validity of a group life insurance policy can be contested?
Non-payment of premiums after the policy has bee in force for two
years.
All of the following are TRUE about the rules regarding the sale of life
insurance and annuities to seniors age 65 or older EXCEPT
The agent, broker, or insurer is required to show a copy of their
insurance license with name, address, and phone number when
conducting business in the senior home
What is a solicitor employed to do for a policy other than life?
To aid a property and casualty agent or broker in transacting insurance
All of the following are examples of representation except
It may be altered after the insurance is effected
Except as provided by sections 10203.5 and 10203.8 in the CIC, the
insurer shall provide which document to be delivered by the employer to
the employee?
An individual certification of insurance
, What is the purpose of creating minimum underwriting standards for
those testing positive for Acquired Immune Deficiency Syndrome,
Human Immunodeficiency Virus or Aids Related Complex?
To avoid discrimination between individuals in the same rating class
who have been diagnosed with the conditions of AIDS, ARC or HIV
Which of the following is TRUE regarding continuing eduction
requirements of an agent or broker?
Any licensee shall satisfactorily complete 24 hours of instruction prior to
license renewal.
Which of the following provisions of free insurance offered as incentive
to purchase or rent property is TRUE?
It requires a separate charge or fee.
Which is the maximum fine for a person who transacts insurance
without a valid license?
$50,000 and/or imprisonment for a period not exceeding one year.
CORRECT ANSWERS 2025
When is a representation false?
when the facts fail to correspond with its assertions or stipulations
Which of the following is TRUE regarding the use of fictitious names
for business?
The actual and fictitious business names must be registered with the
commissioner
Which is an ACCURATE statement regarding dependent coverage
under a group insurance policy?
The coverage must not exceed more than 100 percent of the coverage for
the insured employee
According to CIC Section 1711, an organization ceases to exist as an
entity eligible to hold a license EXCEPT
upon the termination of all contracts
,As long as employment continues, which is the ONLY reason the
validity of a group life insurance policy can be contested?
Non-payment of premiums after the policy has bee in force for two
years.
All of the following are TRUE about the rules regarding the sale of life
insurance and annuities to seniors age 65 or older EXCEPT
The agent, broker, or insurer is required to show a copy of their
insurance license with name, address, and phone number when
conducting business in the senior home
What is a solicitor employed to do for a policy other than life?
To aid a property and casualty agent or broker in transacting insurance
All of the following are examples of representation except
It may be altered after the insurance is effected
Except as provided by sections 10203.5 and 10203.8 in the CIC, the
insurer shall provide which document to be delivered by the employer to
the employee?
An individual certification of insurance
, What is the purpose of creating minimum underwriting standards for
those testing positive for Acquired Immune Deficiency Syndrome,
Human Immunodeficiency Virus or Aids Related Complex?
To avoid discrimination between individuals in the same rating class
who have been diagnosed with the conditions of AIDS, ARC or HIV
Which of the following is TRUE regarding continuing eduction
requirements of an agent or broker?
Any licensee shall satisfactorily complete 24 hours of instruction prior to
license renewal.
Which of the following provisions of free insurance offered as incentive
to purchase or rent property is TRUE?
It requires a separate charge or fee.
Which is the maximum fine for a person who transacts insurance
without a valid license?
$50,000 and/or imprisonment for a period not exceeding one year.
