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Which of the following are common personal uses for life insuranceEstate planning, Cash accumulation, Protection of survivors Which of the following is a characteristic of an interest sensitive whole life policyFlexible premiums, Guaranteed minimum death benefit, Guaranteed minimum rate of return. What type of policy provides coverage for life, but the premiums are not due beyond age 65, has guaranteed premium, accumulates cash value and the coverage will never decreaseA limited pay life p...

Which of the following is NOT covered by the Family and Medical Leave Act (FMLA) ?Traveling overseas with a spouse Which of the following acts is NOT a federal offense committed by an insurance agent?Misrepresentation on an insurance application The California Life and Health Insurance GuaranteeAssociation covers all of these types of policies except?Self-Funded Plans What effect did the Pregnancy Discrimination Act have on the health industry?Pregnancy must be treated as any other medica...

stare decisisA Latin phrase meaning "let the decision stand." Most cases reaching appellate courts are settled on this principle. Common LawA legal system based on custom and court rulings court of equitya court that administers justice according to the system of equity California courts have been leaders in favoringConsumer rights In California we follow the —- system of civil lawRoman English common law served as a basis for much of ourStatutory law Treaty of Guadalupe Hidalgo (1848...

What is a Modular Policy?A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)?A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of?A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire contract) Two or more Coverag...

A special characteristic of the insurance contract where equal value is not exchanged between parties is known asAleatory Life insurance contracts are these agreementsUnilateral What is the proper definition of a take it or leave it contract, written by an insurer:Adhesion The premium paid by the insured for an insurance policy is:Consideration The best example of a Peril is:Cause of loss An admitted insurer is:Approved to transact An Actuary:Works with statistics to establish premiums an...

A special characteristic of the insurance contract where equal value is not exchanged between parties is known as - Aleatory Life insurance contracts are these agreements - Unilateral What is the proper definition of a take it or leave it contract, written by an insurer: - Adhesion The premium paid by the insured for an insurance policy is: - Consideration The best example of a Peril is: - Cause of loss An admitted insurer is: - Approved to transact An Actuary: - Works with statistics to ...

What is a Modular Policy? A modular policy is a policy consisting of several different documents, none of which by itself forms a complete contract. What is a Commercial Package Policy (CPP)? A Commercial Package Policy is a modular policy that combines different forms and more than one line of coverage. What must a CPP policy consist of? A Declaration Page (stating premium charges and coverage limits) A Policy Conditions (six conditions that apply to the entire contract) Two or more Cove...

The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property.The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or restore the damaged property. Many factors can influence the ultimate loss, incl...

CA Life Insurance Exam Questions and Answers 100% Correct

For which of the following would it be appropriate to move an adult victim who might need CPR? When help is more than 15 minutes away from the scene To locate the AED when one is not available When the adult victim is in a dangerous environment As soon as the adult is found to be in arrestWhen the adult victim is in a dangerous environment Several colleagues are nearby. After determining that the scene is safe, you assess the victim for responsiveness and breathing. There is no response ...