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CA PSI SITE LIFE ACCIDENT AND HEALTH OR
SICKNESS EXAM (LIFE AGENT) LATEST 2025/ 2026
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST
UPDATE
which type of insurance can be purchased at airport, but
terminals, and railroad stations?
a. temporary life insurance
b. travel accident insurance
c. temporary health insurance
d. accidental death and dismemberment - ANSWER-b.
travel accident insurance
In California, a child may obtain individual health coverage
through all of the following EXCEPT
a. medi-cal (California's medicaid)
b. direct from insurance carrier
c. covered California
d. health family - ANSWER-d. health family
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It is a federal offence for an insurance agent to do all of
the following except
a. falsify financial record
b. embezzle premium payments
c. misrepresent facts on an insurance application
d. willfully engage in the business of insurance with a
felony conviction and without the consent of the
commissioner - ANSWER-c. misrepresent facts on an
insurance application
How often must an insurer file the national association of
insurance commissioners (NAIC) financial statement?
a. Monthly
b. quarterly
c. annually
d. every three year - ANSWER-c. annually
When are parties to a contract required to communicate
information solery based on personal judgement for a
matter in question?
a. only when the policy terms require it
b. only when relevant
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c. only when asked
d. never - ANSWER-d. never
Which type of insurer is owned by its policyholders?
a. a fraternal society
b. reciprocal exchange
c. mutual insurer
d. capital stock insurer - ANSWER-c. mutual insurer
a person authorized by and on behalf of an insurer who
transacts life, disability or life and accident and health
insurance is defined as a
a. broker
b. solicitor
c. life agent
d. life and disability analyist - ANSWER-c. life agent
According to the California insurance code, an "insurance
broker" is
a. authorized by an insurer to transact insurance
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b. employed to assist an insurance agent in transacting
insurance
c. hired by an insured to give advice about insurance
transactions
d. compensated for transacting insurance on behalf of
another person with an insurer - ANSWER-d.
compensated for transacting insurance on behalf of
another person with an insurer
A contract that restores an injured party to the condition
that was present before the loss is
a. a future contract
b. a person contract
c. an indemnity agreement
d. a hold-harmless agreement - ANSWER-c. an indemnity
agreement
if an insurer must have its rates accepted by the insurance
department prior to using them, the insurer would be
operating in which of the following types of jurisdictions
a. file and use
b. use and file
CA PSI SITE LIFE ACCIDENT AND HEALTH OR
SICKNESS EXAM (LIFE AGENT) LATEST 2025/ 2026
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST
UPDATE
which type of insurance can be purchased at airport, but
terminals, and railroad stations?
a. temporary life insurance
b. travel accident insurance
c. temporary health insurance
d. accidental death and dismemberment - ANSWER-b.
travel accident insurance
In California, a child may obtain individual health coverage
through all of the following EXCEPT
a. medi-cal (California's medicaid)
b. direct from insurance carrier
c. covered California
d. health family - ANSWER-d. health family
,2|Page
It is a federal offence for an insurance agent to do all of
the following except
a. falsify financial record
b. embezzle premium payments
c. misrepresent facts on an insurance application
d. willfully engage in the business of insurance with a
felony conviction and without the consent of the
commissioner - ANSWER-c. misrepresent facts on an
insurance application
How often must an insurer file the national association of
insurance commissioners (NAIC) financial statement?
a. Monthly
b. quarterly
c. annually
d. every three year - ANSWER-c. annually
When are parties to a contract required to communicate
information solery based on personal judgement for a
matter in question?
a. only when the policy terms require it
b. only when relevant
,3|Page
c. only when asked
d. never - ANSWER-d. never
Which type of insurer is owned by its policyholders?
a. a fraternal society
b. reciprocal exchange
c. mutual insurer
d. capital stock insurer - ANSWER-c. mutual insurer
a person authorized by and on behalf of an insurer who
transacts life, disability or life and accident and health
insurance is defined as a
a. broker
b. solicitor
c. life agent
d. life and disability analyist - ANSWER-c. life agent
According to the California insurance code, an "insurance
broker" is
a. authorized by an insurer to transact insurance
, 4|Page
b. employed to assist an insurance agent in transacting
insurance
c. hired by an insured to give advice about insurance
transactions
d. compensated for transacting insurance on behalf of
another person with an insurer - ANSWER-d.
compensated for transacting insurance on behalf of
another person with an insurer
A contract that restores an injured party to the condition
that was present before the loss is
a. a future contract
b. a person contract
c. an indemnity agreement
d. a hold-harmless agreement - ANSWER-c. an indemnity
agreement
if an insurer must have its rates accepted by the insurance
department prior to using them, the insurer would be
operating in which of the following types of jurisdictions
a. file and use
b. use and file
