California PSI Life Insurance Exam 2026–2027 | Complete
Practice Questions & Verified Correct Answers | Latest
California Life, Accident & Health Insurance License
Certification Study Guide | 100% Accurate PSI Exam Prep
for Guaranteed Success
THIS EXAM INCLUDES:
✔ Complete California PSI Life Insurance Exam Practice Questions & Verified Correct Answers
✔ Latest 2026–2027 California Life, Accident & Health Insurance Licensing Exam Content
✔ State Laws, Ethics & California Insurance Code Review
✔ Life Insurance Policies, Riders & Beneficiary Rules
✔ Health Insurance, Disability Income & Long-Term Care Coverage
✔ Annuities, Retirement Plans & Social Security Concepts
✔ Premiums, Underwriting & Policy Delivery Procedures
✔ Agent Responsibilities, Fiduciary Duties & Licensing Regulations
✔ Realistic PSI-Style Multiple-Choice Practice Exams
✔ Detailed Explanations & Proven Test-Taking Strategies
,Insurance License Examination Testbank
California Insurance Code (CIC) - Practice Questions
1. When is a representation false?
A. When the facts fail to correspond with its assertions or stipulations
B. When the insured fails to sign the application
C. When the agent does not disclose the policy terms
D. When the premium is not paid on time
Answer: A
2. Which of the following is TRUE regarding the use of fictitious names for
business?
A. The actual and fictitious business names must be registered with the commissioner
B. Only the fictitious business name must be registered
C. No registration is required for fictitious names
D. Only the actual business name must be registered
Answer: A
3. Which is an ACCURATE statement regarding dependent coverage under a group
insurance policy?
A. The coverage must not exceed more than 100 percent of the coverage for the insured
employee
,B. Dependent coverage can be unlimited
C. Dependent coverage must be exactly 50% of employee coverage
D. Dependent coverage is not allowed in group policies
Answer: A
4. According to CIC Section 1711, an organization ceases to exist as an entity
eligible to hold a license EXCEPT:
A. Upon the termination of all contracts
B. Upon dissolution of the organization
C. Upon bankruptcy filing
D. Upon revocation of its charter
Answer: A
5. As long as employment continues, which is the ONLY reason the validity of a
group life insurance policy can be contested?
A. Non-payment of premiums after the policy has been in force for two years
B. Fraudulent application by the employee
C. Misstatement of age
D. Change of beneficiary
Answer: A
6. All of the following are TRUE about the rules regarding the sale of life insurance
and annuities to seniors age 65 or older EXCEPT:
A. 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
B. Agents must disclose their status as licensed professionals
C. Sales to seniors must comply with suitability requirements
D. Free look periods apply to seniors
Answer: A
7. What is a solicitor employed to do for a policy other than life?
A. To aid a property and casualty agent or broker in transacting insurance
B. To sell only life insurance policies
C. To act as an underwriter for the insurer
D. To adjust claims independently
Answer: A
8. All of the following are examples of representation except:
A. It may be altered after the insurance is effected
B. It is a statement made by the applicant
C. It is relied upon by the insurer
D. It must be true to the best of knowledge
Answer: A
9. 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?
A. An individual certification of insurance
B. A group policy summary
Practice Questions & Verified Correct Answers | Latest
California Life, Accident & Health Insurance License
Certification Study Guide | 100% Accurate PSI Exam Prep
for Guaranteed Success
THIS EXAM INCLUDES:
✔ Complete California PSI Life Insurance Exam Practice Questions & Verified Correct Answers
✔ Latest 2026–2027 California Life, Accident & Health Insurance Licensing Exam Content
✔ State Laws, Ethics & California Insurance Code Review
✔ Life Insurance Policies, Riders & Beneficiary Rules
✔ Health Insurance, Disability Income & Long-Term Care Coverage
✔ Annuities, Retirement Plans & Social Security Concepts
✔ Premiums, Underwriting & Policy Delivery Procedures
✔ Agent Responsibilities, Fiduciary Duties & Licensing Regulations
✔ Realistic PSI-Style Multiple-Choice Practice Exams
✔ Detailed Explanations & Proven Test-Taking Strategies
,Insurance License Examination Testbank
California Insurance Code (CIC) - Practice Questions
1. When is a representation false?
A. When the facts fail to correspond with its assertions or stipulations
B. When the insured fails to sign the application
C. When the agent does not disclose the policy terms
D. When the premium is not paid on time
Answer: A
2. Which of the following is TRUE regarding the use of fictitious names for
business?
A. The actual and fictitious business names must be registered with the commissioner
B. Only the fictitious business name must be registered
C. No registration is required for fictitious names
D. Only the actual business name must be registered
Answer: A
3. Which is an ACCURATE statement regarding dependent coverage under a group
insurance policy?
A. The coverage must not exceed more than 100 percent of the coverage for the insured
employee
,B. Dependent coverage can be unlimited
C. Dependent coverage must be exactly 50% of employee coverage
D. Dependent coverage is not allowed in group policies
Answer: A
4. According to CIC Section 1711, an organization ceases to exist as an entity
eligible to hold a license EXCEPT:
A. Upon the termination of all contracts
B. Upon dissolution of the organization
C. Upon bankruptcy filing
D. Upon revocation of its charter
Answer: A
5. As long as employment continues, which is the ONLY reason the validity of a
group life insurance policy can be contested?
A. Non-payment of premiums after the policy has been in force for two years
B. Fraudulent application by the employee
C. Misstatement of age
D. Change of beneficiary
Answer: A
6. All of the following are TRUE about the rules regarding the sale of life insurance
and annuities to seniors age 65 or older EXCEPT:
A. 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
B. Agents must disclose their status as licensed professionals
C. Sales to seniors must comply with suitability requirements
D. Free look periods apply to seniors
Answer: A
7. What is a solicitor employed to do for a policy other than life?
A. To aid a property and casualty agent or broker in transacting insurance
B. To sell only life insurance policies
C. To act as an underwriter for the insurer
D. To adjust claims independently
Answer: A
8. All of the following are examples of representation except:
A. It may be altered after the insurance is effected
B. It is a statement made by the applicant
C. It is relied upon by the insurer
D. It must be true to the best of knowledge
Answer: A
9. 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?
A. An individual certification of insurance
B. A group policy summary
