California Life, Accident & Health Licensing Exam 2026 | Complete Study Guide & Practice
Questions
Co-insurance - (answer)The policy provision which requires the insurer and the insured to share in the
cost of services rendered
Exclusion ratio - (answer)The formula which is used by the IRS to determine how much is taxable to an
annuitant during the pay out period.
Occupational policy - (answer)When a disability income policy provides coverage for injuries which occur
on and off the job
Most disability income policies are non occupational, meaning - (answer)They only cover the insured if
they become disabled while away from work.
Self employed individuals doesn't have - (answer)workers 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 provide - (answer)The 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 age -
(answer)60
A surviving spouse is eligible for social security survivor's benefits at age - (answer)60
An authorized, or admitted carrier (insurer) - (answer)one which is under compliance with the California
Insurance Code (CIC) and can operate legally in California
Which type of life insurance utilizes the "level premium concept" - (answer)Traditional whole life
Disability income policy proceeds must be paid out at least - (answer)monthly
,California Life, Accident & Health Licensing Exam 2026 | Complete Study Guide & Practice
Questions
What life insurance rider will pay a monthly benefit to the insured when they become disabled -
(answer)The disability income rider. It is a type of health (disability) insurance
Dread (Specified) Disease policies, such as cancer insurance, covers - (answer)Treatment for one specific
disease
The benefit paid out for a residual disability in a disability income policy is based upon - (answer)a loss of
a minimum of 20% of income
Agent may be either - (answer)Captive (Exclusive) or independent
Captive agents - (answer)agents who agree by contract to represent only one insurer in the sale of
insurance
Independent agents - (answer)usually self-employed and often represent several insurance companies
Under state law, agents must have at least - (answer)one appointment in order to keep their license
active
Agents are prohibited from engaging in any of the following activities - (answer)1. using a business name
that implies that they are an insurer
2. advertising on behalf of a non-admitted insurer
3. offering free insurance as an inducement to purchase or sale
Under a group insurance plan a certificate of insurance is issued to - (answer)the participants, usually
employees. The policy owner, usually employer, gets the master policy
Domestic insurer - (answer)one that domiciled (organized) in this state
, California Life, Accident & Health Licensing Exam 2026 | Complete Study Guide & Practice
Questions
Foreign insurer - (answer)one that organized in another state
Alien insurer - (answer)one that organized in another country.
All insurers need to obtain - (answer)a Certificate of Authority from the Commissioner in order to be
admitted to transact insurance in this state, except for Surplus Line insurers
Indemnity plans allow - (answer)the insured to select any provider they wish.
Traditional indemnity plan - (answer)the insured generally is supposed to submit their claims directly to
an insurer, in reality an "assignment of benefits" form is utilized and the medical care provider submits
the claim on the insured's behalf
Participants in a managed care indemnity plan - (answer)select a provider and submits claims to the
insurer
When an insurer wants to have the applicant complete an HIV test, they must do - (answer)1) Have the
applicant sign a consent form
2) Find out which doctor they should provide the results to
3) Provide information on where they can receive counseling
When an insurer wants to have the applicant complete an HIV test, they do not need to - (answer)go
over a privacy notice
75% of all eligible employees must enroll in a contributory plan. All eligible employees are required to
enroll in a - (answer)non contributory plan
Loss exposure - (answer)a situation which presents the possibility of loss
Questions
Co-insurance - (answer)The policy provision which requires the insurer and the insured to share in the
cost of services rendered
Exclusion ratio - (answer)The formula which is used by the IRS to determine how much is taxable to an
annuitant during the pay out period.
Occupational policy - (answer)When a disability income policy provides coverage for injuries which occur
on and off the job
Most disability income policies are non occupational, meaning - (answer)They only cover the insured if
they become disabled while away from work.
Self employed individuals doesn't have - (answer)workers 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 provide - (answer)The 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 age -
(answer)60
A surviving spouse is eligible for social security survivor's benefits at age - (answer)60
An authorized, or admitted carrier (insurer) - (answer)one which is under compliance with the California
Insurance Code (CIC) and can operate legally in California
Which type of life insurance utilizes the "level premium concept" - (answer)Traditional whole life
Disability income policy proceeds must be paid out at least - (answer)monthly
,California Life, Accident & Health Licensing Exam 2026 | Complete Study Guide & Practice
Questions
What life insurance rider will pay a monthly benefit to the insured when they become disabled -
(answer)The disability income rider. It is a type of health (disability) insurance
Dread (Specified) Disease policies, such as cancer insurance, covers - (answer)Treatment for one specific
disease
The benefit paid out for a residual disability in a disability income policy is based upon - (answer)a loss of
a minimum of 20% of income
Agent may be either - (answer)Captive (Exclusive) or independent
Captive agents - (answer)agents who agree by contract to represent only one insurer in the sale of
insurance
Independent agents - (answer)usually self-employed and often represent several insurance companies
Under state law, agents must have at least - (answer)one appointment in order to keep their license
active
Agents are prohibited from engaging in any of the following activities - (answer)1. using a business name
that implies that they are an insurer
2. advertising on behalf of a non-admitted insurer
3. offering free insurance as an inducement to purchase or sale
Under a group insurance plan a certificate of insurance is issued to - (answer)the participants, usually
employees. The policy owner, usually employer, gets the master policy
Domestic insurer - (answer)one that domiciled (organized) in this state
, California Life, Accident & Health Licensing Exam 2026 | Complete Study Guide & Practice
Questions
Foreign insurer - (answer)one that organized in another state
Alien insurer - (answer)one that organized in another country.
All insurers need to obtain - (answer)a Certificate of Authority from the Commissioner in order to be
admitted to transact insurance in this state, except for Surplus Line insurers
Indemnity plans allow - (answer)the insured to select any provider they wish.
Traditional indemnity plan - (answer)the insured generally is supposed to submit their claims directly to
an insurer, in reality an "assignment of benefits" form is utilized and the medical care provider submits
the claim on the insured's behalf
Participants in a managed care indemnity plan - (answer)select a provider and submits claims to the
insurer
When an insurer wants to have the applicant complete an HIV test, they must do - (answer)1) Have the
applicant sign a consent form
2) Find out which doctor they should provide the results to
3) Provide information on where they can receive counseling
When an insurer wants to have the applicant complete an HIV test, they do not need to - (answer)go
over a privacy notice
75% of all eligible employees must enroll in a contributory plan. All eligible employees are required to
enroll in a - (answer)non contributory plan
Loss exposure - (answer)a situation which presents the possibility of loss
