California PSI Life Insurance Exam 2026–2027 | Complete
C C C C C C C
C Practice Questions & Verified Correct Answers | Latest
C C C C C C C
C California Life, Accident & Health Insurance License C C C C C C
C Certification Study Guide | 100% Accurate PSI Exam Prep for C C C C C C C C C
C Guaranteed Success C
THIS EXAM INCLUDES: C C
✔ Complete California PSI Life Insurance Exam Practice Questions & Verified Correct Answers
C C C C C C C C C C C C
✔ Latest 2026–2027 California Life, Accident & Health Insurance Licensing Exam Content
C C C C C C C C C C C
✔ State Laws, Ethics & California Insurance Code Review
C C C C C C C C
✔ Life Insurance Policies, Riders & Beneficiary Rules
C C C C C C C
✔ Health Insurance, Disability Income & Long-Term Care Coverage
C C C C C C C C
✔ Annuities, Retirement Plans & Social Security Concepts
C C C C C C C
✔ Premiums, Underwriting & Policy Delivery Procedures
C C C C C C
✔ Agent Responsibilities, Fiduciary Duties & Licensing Regulations
C C C C C C C
✔ Realistic PSI-Style Multiple-Choice Practice Exams
C C C C C
✔ Detailed Explanations & Proven Test-Taking Strategies
C C C C C C
,Insurance License Examination Testbank C C C
California Insurance Code (CIC) - Practice Questions C C C C C C
1. When is a representation false?
C C C C C
A. When the facts fail to correspond with its assertions or stipulations
C C C C C C C C C C C
B. When the insured fails to sign the application
C C C C C C C C
C. When the agent does not disclose the policy terms
C C C C C C C C C
D. When the premium is not paid on time
C C C C C C C C
Answer: A C
2. Which of the following is TRUE regarding the use of fictitious names for
C C C C C C C C C C C C C
C business?
A. The actual and fictitious business names must be registered with the commissioner
C C C C C C C C C C C C
B. Only the fictitious business name must be registered
C C C C C C C C
C. No registration is required for fictitious names
C C C C C C C
D. Only the actual business name must be registered
C C C C C C C C
Answer: A C
3. Which is an ACCURATE statement regarding dependent coverage under a
C C C C C C C C C C
C group insurance policy?
C C
A. The coverage must not exceed more than 100 percent of the coverage for the
C C C C C C C C C C C C C C
insured employee
C C
,B. Dependent coverage can be unlimited
C C C C C
C. Dependent coverage must be exactly 50% of employee coverage
C C C C C C C C C
D. Dependent coverage is not allowed in group policies
C C C C C C C C
Answer: A C
4. According to CIC Section 1711, an organization ceases to exist as an entity
C C C C C C C C C C C C C
C eligible to hold a license EXCEPT:
C C C C C
A. Upon the termination of all contracts
C C C C C C
B. Upon dissolution of the organization
C C C C C
C. Upon bankruptcy filing
C C C
D. Upon revocation of its charter
C C C C C
Answer: A C
5. As long as employment continues, which is the ONLY reason the validity of a
C C C C C C C C C C C C C C
C group life insurance policy can be contested?
C C C C C C
A. Non-payment of premiums after the policy has been in force for two years
C C C C C C C C C C C C C
B. Fraudulent application by the employee
C C C C C
C. Misstatement of age
C C C
D. Change of beneficiary
C C C
Answer: A C
6. All of the following are TRUE about the rules regarding the sale of life
C C C C C C C C C C C C C C
C insurance and annuities to seniors age 65 or older EXCEPT:
C C C C C C C C C
A. The agent, broker, or insurer is required to show a copy of their insurance license
C C C C C C C C C C C C C C C
, with name, address, and phone number when conducting business in the senior home
C C C C C C C C C C C C C
B. Agents must disclose their status as licensed professionals
C C C C C C C C
C. Sales to seniors must comply with suitability requirements
C C C C C C C C
D. Free look periods apply to seniors
C C C C C C
Answer: A C
7. What is a solicitor employed to do for a policy other than life?
C C C C C C C C C C C C C
A. To aid a property and casualty agent or broker in transacting insurance
C C C C C C C C C C C C
B. To sell only life insurance policies
C C C C C C
C. To act as an underwriter for the insurer
C C C C C C C C
D. To adjust claims independently
C C C C
Answer: A C
8. All of the following are examples of representation except:
C C C C C C C C C
A. It may be altered after the insurance is effected
C C C C C C C C C
B. It is a statement made by the applicant
C C C C C C C C
C. It is relied upon by the insurer
C C C C C C C
D. It must be true to the best of knowledge
C C C C C C C C C
Answer: A C
9. Except as provided by sections 10203.5 and 10203.8 in the CIC, the insurer shall
C C C C C C C C C C C C C C
C provide which document to be delivered by the employer to the employee?
C C C C C C C C C C C
A. An individual certification of insurance
C C C C C
B. A group policy summary
C C C C
C C C C C C C
C Practice Questions & Verified Correct Answers | Latest
C C C C C C C
C California Life, Accident & Health Insurance License C C C C C C
C Certification Study Guide | 100% Accurate PSI Exam Prep for C C C C C C C C C
C Guaranteed Success C
THIS EXAM INCLUDES: C C
✔ Complete California PSI Life Insurance Exam Practice Questions & Verified Correct Answers
C C C C C C C C C C C C
✔ Latest 2026–2027 California Life, Accident & Health Insurance Licensing Exam Content
C C C C C C C C C C C
✔ State Laws, Ethics & California Insurance Code Review
C C C C C C C C
✔ Life Insurance Policies, Riders & Beneficiary Rules
C C C C C C C
✔ Health Insurance, Disability Income & Long-Term Care Coverage
C C C C C C C C
✔ Annuities, Retirement Plans & Social Security Concepts
C C C C C C C
✔ Premiums, Underwriting & Policy Delivery Procedures
C C C C C C
✔ Agent Responsibilities, Fiduciary Duties & Licensing Regulations
C C C C C C C
✔ Realistic PSI-Style Multiple-Choice Practice Exams
C C C C C
✔ Detailed Explanations & Proven Test-Taking Strategies
C C C C C C
,Insurance License Examination Testbank C C C
California Insurance Code (CIC) - Practice Questions C C C C C C
1. When is a representation false?
C C C C C
A. When the facts fail to correspond with its assertions or stipulations
C C C C C C C C C C C
B. When the insured fails to sign the application
C C C C C C C C
C. When the agent does not disclose the policy terms
C C C C C C C C C
D. When the premium is not paid on time
C C C C C C C C
Answer: A C
2. Which of the following is TRUE regarding the use of fictitious names for
C C C C C C C C C C C C C
C business?
A. The actual and fictitious business names must be registered with the commissioner
C C C C C C C C C C C C
B. Only the fictitious business name must be registered
C C C C C C C C
C. No registration is required for fictitious names
C C C C C C C
D. Only the actual business name must be registered
C C C C C C C C
Answer: A C
3. Which is an ACCURATE statement regarding dependent coverage under a
C C C C C C C C C C
C group insurance policy?
C C
A. The coverage must not exceed more than 100 percent of the coverage for the
C C C C C C C C C C C C C C
insured employee
C C
,B. Dependent coverage can be unlimited
C C C C C
C. Dependent coverage must be exactly 50% of employee coverage
C C C C C C C C C
D. Dependent coverage is not allowed in group policies
C C C C C C C C
Answer: A C
4. According to CIC Section 1711, an organization ceases to exist as an entity
C C C C C C C C C C C C C
C eligible to hold a license EXCEPT:
C C C C C
A. Upon the termination of all contracts
C C C C C C
B. Upon dissolution of the organization
C C C C C
C. Upon bankruptcy filing
C C C
D. Upon revocation of its charter
C C C C C
Answer: A C
5. As long as employment continues, which is the ONLY reason the validity of a
C C C C C C C C C C C C C C
C group life insurance policy can be contested?
C C C C C C
A. Non-payment of premiums after the policy has been in force for two years
C C C C C C C C C C C C C
B. Fraudulent application by the employee
C C C C C
C. Misstatement of age
C C C
D. Change of beneficiary
C C C
Answer: A C
6. All of the following are TRUE about the rules regarding the sale of life
C C C C C C C C C C C C C C
C insurance and annuities to seniors age 65 or older EXCEPT:
C C C C C C C C C
A. The agent, broker, or insurer is required to show a copy of their insurance license
C C C C C C C C C C C C C C C
, with name, address, and phone number when conducting business in the senior home
C C C C C C C C C C C C C
B. Agents must disclose their status as licensed professionals
C C C C C C C C
C. Sales to seniors must comply with suitability requirements
C C C C C C C C
D. Free look periods apply to seniors
C C C C C C
Answer: A C
7. What is a solicitor employed to do for a policy other than life?
C C C C C C C C C C C C C
A. To aid a property and casualty agent or broker in transacting insurance
C C C C C C C C C C C C
B. To sell only life insurance policies
C C C C C C
C. To act as an underwriter for the insurer
C C C C C C C C
D. To adjust claims independently
C C C C
Answer: A C
8. All of the following are examples of representation except:
C C C C C C C C C
A. It may be altered after the insurance is effected
C C C C C C C C C
B. It is a statement made by the applicant
C C C C C C C C
C. It is relied upon by the insurer
C C C C C C C
D. It must be true to the best of knowledge
C C C C C C C C C
Answer: A C
9. Except as provided by sections 10203.5 and 10203.8 in the CIC, the insurer shall
C C C C C C C C C C C C C C
C provide which document to be delivered by the employer to the employee?
C C C C C C C C C C C
A. An individual certification of insurance
C C C C C
B. A group policy summary
C C C C
