CALIFORNIA, LIFE, HEALTH AND ACCIDENT 2025 LATEST PRACTICE
EXAM WITH 150 QUESTIONS AND CORRECT ANSWERS/ CA LIFE,
HEALTH & ACCIDENT PRACTICE TEST
In insurance terms, a representation - CORRECT ANSWERS-can be considered an implied
warranty
If an agent is engaging in unfair methods of competition, they are subject to penalties of - CORRECT
ANSWERS-no more than
$5,000 for each act, not to exceed $10,000 if the act is judged to be willful
Individuals who hold a Life-Only and/or an Accident and Health license must - CORRECT
ANSWERS-complete 24 hours of
Continuing Education every two (2) years in order to renew their license.
Concealment - CORRECT ANSWERS-is when a party fails to communicate that which a party
knows, and ought to
communicate, so that the other party may make a sound decision.
A moral hazard - CORRECT ANSWERS-is a dishonest person (lacking in morals)
A morale hazard - CORRECT ANSWERS-a careless person.
A peril - CORRECT ANSWERS-is a cause of loss
Pure risk - CORRECT ANSWERS-is insurable & includes only a chance of loss.
The highest premium - CORRECT ANSWERS-would be found with a substandard risk
classification.
,Agent commissions - CORRECT ANSWERS-are an insurer expense
"Insurance" - CORRECT ANSWERS-is a contract that transfers risk from one party to another.
An "insurance policy" - CORRECT ANSWERS-is a written contract
An insurance solicitor - CORRECT ANSWERS-is a person employed by an insurance agent or
broker to aid in insurance
transactions
A person can always use their legal name - CORRECT ANSWERS-to transact insurance
The state may disapprove the use of any true or fictitious name except - CORRECT ANSWERS-
a person's legal name
An insurance agent or broker hires a third party to prepare their website - CORRECT
ANSWERS-The insurance agent or
broker, not the third party, is responsible for the content of the website.
An admitted insurer - CORRECT ANSWERS-is an insurer entitled to transact business in this
state
A mutual insurer - CORRECT ANSWERS-is owned by the policyholders and issues participating
policies
The Insurance Commissioner in California - CORRECT ANSWERS-is elected by the people.
The Insurance Commissioner may serve - CORRECT ANSWERS-up to two (2) four-year terms
, A mutual insurer must pay out - CORRECT ANSWERS-dividends at minimum annually.
An insurance policy - CORRECT ANSWERS-is a legal contract.
A representation in an insurance contract - CORRECT ANSWERS-is an implied warranty
Concealment, whether intentional or unintentional, entitles the injured party to - CORRECT
ANSWERS-rescind an insurance
contract.
Agents of insurers who utilize "direct response" marketing systems do not - CORRECT
ANSWERS-conduct personal
interviews with customers.
Any person who transacts insurance without a valid license - CORRECT ANSWERS-is guilty of a
misdemeanor.
Transacting insurance does not include subscribing to newspapers that - CORRECT ANSWERS-
other agents advertise in
It is the insurer who is responsible for - CORRECT ANSWERS-filing an agent's appointment
with the Commissioner
A solicitor - CORRECT ANSWERS-is employed by an insurance agent or broker
When a partnership is dissolved - CORRECT ANSWERS-it ceases to be eligible to hold a license
Insurance licenses may be renewed by - CORRECT ANSWERS-submitting the applicable
renewal application and fee
EXAM WITH 150 QUESTIONS AND CORRECT ANSWERS/ CA LIFE,
HEALTH & ACCIDENT PRACTICE TEST
In insurance terms, a representation - CORRECT ANSWERS-can be considered an implied
warranty
If an agent is engaging in unfair methods of competition, they are subject to penalties of - CORRECT
ANSWERS-no more than
$5,000 for each act, not to exceed $10,000 if the act is judged to be willful
Individuals who hold a Life-Only and/or an Accident and Health license must - CORRECT
ANSWERS-complete 24 hours of
Continuing Education every two (2) years in order to renew their license.
Concealment - CORRECT ANSWERS-is when a party fails to communicate that which a party
knows, and ought to
communicate, so that the other party may make a sound decision.
A moral hazard - CORRECT ANSWERS-is a dishonest person (lacking in morals)
A morale hazard - CORRECT ANSWERS-a careless person.
A peril - CORRECT ANSWERS-is a cause of loss
Pure risk - CORRECT ANSWERS-is insurable & includes only a chance of loss.
The highest premium - CORRECT ANSWERS-would be found with a substandard risk
classification.
,Agent commissions - CORRECT ANSWERS-are an insurer expense
"Insurance" - CORRECT ANSWERS-is a contract that transfers risk from one party to another.
An "insurance policy" - CORRECT ANSWERS-is a written contract
An insurance solicitor - CORRECT ANSWERS-is a person employed by an insurance agent or
broker to aid in insurance
transactions
A person can always use their legal name - CORRECT ANSWERS-to transact insurance
The state may disapprove the use of any true or fictitious name except - CORRECT ANSWERS-
a person's legal name
An insurance agent or broker hires a third party to prepare their website - CORRECT
ANSWERS-The insurance agent or
broker, not the third party, is responsible for the content of the website.
An admitted insurer - CORRECT ANSWERS-is an insurer entitled to transact business in this
state
A mutual insurer - CORRECT ANSWERS-is owned by the policyholders and issues participating
policies
The Insurance Commissioner in California - CORRECT ANSWERS-is elected by the people.
The Insurance Commissioner may serve - CORRECT ANSWERS-up to two (2) four-year terms
, A mutual insurer must pay out - CORRECT ANSWERS-dividends at minimum annually.
An insurance policy - CORRECT ANSWERS-is a legal contract.
A representation in an insurance contract - CORRECT ANSWERS-is an implied warranty
Concealment, whether intentional or unintentional, entitles the injured party to - CORRECT
ANSWERS-rescind an insurance
contract.
Agents of insurers who utilize "direct response" marketing systems do not - CORRECT
ANSWERS-conduct personal
interviews with customers.
Any person who transacts insurance without a valid license - CORRECT ANSWERS-is guilty of a
misdemeanor.
Transacting insurance does not include subscribing to newspapers that - CORRECT ANSWERS-
other agents advertise in
It is the insurer who is responsible for - CORRECT ANSWERS-filing an agent's appointment
with the Commissioner
A solicitor - CORRECT ANSWERS-is employed by an insurance agent or broker
When a partnership is dissolved - CORRECT ANSWERS-it ceases to be eligible to hold a license
Insurance licenses may be renewed by - CORRECT ANSWERS-submitting the applicable
renewal application and fee
