CA Life, Accident and Health State Exam
Simulator (200 EXAM NEWEST 2025-2026
VERSION QUESTIONS WITH GOLDEN
TIPS SOLUTIONS AND REVEWEIRS
An insurance policy issued in CA may be called a comprehensive long-term care insurance policy if
benefits are provided for - CORRECT ANSWERS Institutional (nursing facilities) and home care
In a renewable term life insurance policy, the contract will usually - CORRECT ANSWERS
Require a higher premium payable at each renewal
A hazard can be described as - CORRECT ANSWERS A condition that may increase the
likelihood of a loss occuring
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc.)? -
CORRECT ANSWERS Dread disease insurance
An employee for XYZ Corp is injured on the job. Where does coverage for the employee's injuries come
from? - CORRECT ANSWERS Worker's Compensation
Which of the following is NOT considered a definition of risk?
a. Exposure to danger
b. The potential for loss
c. The cause of a loss
d. Uncertainty - CORRECT ANSWERS The cause of a loss
,When calculating life insurance premium rates, which component is affected by an insured's age and
gender? - CORRECT ANSWERS Mortality
A nonparticipating policy will - CORRECT ANSWERS not pay dividends
Where must you specifically reside to qualify for MRMIP? - CORRECT ANSWERS California
Why is a life insurance policy's delivery date important? - CORRECT ANSWERS The free-look
period begins on the policy delivery date
How long must an individual be unable to engage in any gainful activity due to physical or mental
disability in order to qualify for Social Security Total Disability? - CORRECT ANSWERS 12
months
Which statement about Health Maintenance Organizations is NOT true?
a. Members minimize out-of-pocket expenses by using HMO network providers
b. Subscribers pay a fixed periodic fee to the HMO
c. When a member uses out-of-network providers, a higher monthly fee is charged
d. HMOs are known for stressing preventive care - CORRECT ANSWERS When a member uses
out-of-network providers, a higher monthly fee is charged
Upon policy delivery, which of the following must a producer have an applicant sign if no initial premium
was collected with the life insurance application? - CORRECT ANSWERS A good health
statement
Pete is a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? -
CORRECT ANSWERS Theft
, The focus of major medical insurance is providing coverage for - CORRECT ANSWERS Medical
and hospitalization expenses
Key person insurance is intended to - CORRECT ANSWERS cover business losses due to the
death of a key employee
Who acts as the gatekeeper in a Health Maintenance Organization (HMO)? - CORRECT ANSWERS
Primary Care Physician
Which of the following is NOT a characteristic of a preferred provider organization (PPO)? - CORRECT
ANSWERS Primary physicians serve as gatekeepers
Life insurance surplus must be distributed to policy owners at what frequency? - CORRECT ANSWERS
Annually
Employer-provided group term life insurance is exempt from income taxation up to - CORRECT
ANSWERS $50,000
In California, an insurer organized under the state laws of Oregon is called a(n) - CORRECT ANSWERS
Foreign insurer
What type of license is required for an individual who charges a fee to review an insured's existing life
insurance policy? - CORRECT ANSWERS Life and disability analyst
Group health plans may deny participation based upon the - CORRECT ANSWERS Member's
part-time employment status
A rollover from a Traditional IRA to another IRA MUST be done within _____ days to avoid tax
consequences - CORRECT ANSWERS 60
Simulator (200 EXAM NEWEST 2025-2026
VERSION QUESTIONS WITH GOLDEN
TIPS SOLUTIONS AND REVEWEIRS
An insurance policy issued in CA may be called a comprehensive long-term care insurance policy if
benefits are provided for - CORRECT ANSWERS Institutional (nursing facilities) and home care
In a renewable term life insurance policy, the contract will usually - CORRECT ANSWERS
Require a higher premium payable at each renewal
A hazard can be described as - CORRECT ANSWERS A condition that may increase the
likelihood of a loss occuring
What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc.)? -
CORRECT ANSWERS Dread disease insurance
An employee for XYZ Corp is injured on the job. Where does coverage for the employee's injuries come
from? - CORRECT ANSWERS Worker's Compensation
Which of the following is NOT considered a definition of risk?
a. Exposure to danger
b. The potential for loss
c. The cause of a loss
d. Uncertainty - CORRECT ANSWERS The cause of a loss
,When calculating life insurance premium rates, which component is affected by an insured's age and
gender? - CORRECT ANSWERS Mortality
A nonparticipating policy will - CORRECT ANSWERS not pay dividends
Where must you specifically reside to qualify for MRMIP? - CORRECT ANSWERS California
Why is a life insurance policy's delivery date important? - CORRECT ANSWERS The free-look
period begins on the policy delivery date
How long must an individual be unable to engage in any gainful activity due to physical or mental
disability in order to qualify for Social Security Total Disability? - CORRECT ANSWERS 12
months
Which statement about Health Maintenance Organizations is NOT true?
a. Members minimize out-of-pocket expenses by using HMO network providers
b. Subscribers pay a fixed periodic fee to the HMO
c. When a member uses out-of-network providers, a higher monthly fee is charged
d. HMOs are known for stressing preventive care - CORRECT ANSWERS When a member uses
out-of-network providers, a higher monthly fee is charged
Upon policy delivery, which of the following must a producer have an applicant sign if no initial premium
was collected with the life insurance application? - CORRECT ANSWERS A good health
statement
Pete is a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? -
CORRECT ANSWERS Theft
, The focus of major medical insurance is providing coverage for - CORRECT ANSWERS Medical
and hospitalization expenses
Key person insurance is intended to - CORRECT ANSWERS cover business losses due to the
death of a key employee
Who acts as the gatekeeper in a Health Maintenance Organization (HMO)? - CORRECT ANSWERS
Primary Care Physician
Which of the following is NOT a characteristic of a preferred provider organization (PPO)? - CORRECT
ANSWERS Primary physicians serve as gatekeepers
Life insurance surplus must be distributed to policy owners at what frequency? - CORRECT ANSWERS
Annually
Employer-provided group term life insurance is exempt from income taxation up to - CORRECT
ANSWERS $50,000
In California, an insurer organized under the state laws of Oregon is called a(n) - CORRECT ANSWERS
Foreign insurer
What type of license is required for an individual who charges a fee to review an insured's existing life
insurance policy? - CORRECT ANSWERS Life and disability analyst
Group health plans may deny participation based upon the - CORRECT ANSWERS Member's
part-time employment status
A rollover from a Traditional IRA to another IRA MUST be done within _____ days to avoid tax
consequences - CORRECT ANSWERS 60
