Sep-2024 California Department of Insurance CA-Life-Accident-and-Health Certification Real 2024 Mock Exam [Q47-Q69]

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Sep-2024 California Department of Insurance CA-Life-Accident-and-Health Certification Real 2024 Mock Exam

CA-Life-Accident-and-Health Exam Questions and Valid PMP Dumps PDF

Q47. All of the following describe examples of risk avoidance EXCEPT the insured

recognizing that his driving skills are deteriorating and therefore increasing the liability limits of his auto policy.

sensing the chance of a lawsuit and therefore giving his pet Bengal tiger to a local zoo.

never leaving his house after dark.

never flying in airplanes.

Q48. As defined in the California Insurance Code, “insurance” is a

contract.

gamble.

peril.

risk.

Q49. Characteristics of Preferred Provider Organizations (PPOs) include all of the following EXCEPT

primary physicians serve as gatekeepers.

there are incentives to use network providers.

employees can see specialists without referrals.

benefits are paid for care received by non-network physicians.

Q50. How many days does the California Insurance Code give an individual to return a life policy for cancellation?

Less than 10 days.

Not less than 30 nor more than 60 days.

Between 10 and 30 days.

Between 60 and 90 days.

Q51. In insurance terminology, “indemnify” means

award.

advance.

make whole.

over compensate.

Q52. A situation in which there is a possibility of a loss or a gain is a

pure risk.

particular risk.

speculative risk.

fundamental risk.

Q53. All of the following qualify as “background information” as defined in Section 1729.2 of the California Insurance Code, EXCEPT

misdemeanor charges filed, not resulting in a conviction.

an administrative action regarding a professional or occupational license.

a misdemeanor or felony conviction or a filing of felony criminal charges in state or federal court.

any admission, or judicial finding or determination, of fraud, misappropriation or conversion of funds, misrepresentation, or breach of fiduciary duty.

Q54. Life insurance policy illustrations must include all of the following EXCEPT

the name of the insured.

the page number of each page.

a statement that all benefits and values are guaranteed.

the relationship of each page to the total number of pages.

Q55. What is the amount of the penalty tax imposed on premature payments under annuity contracts?

10%

20%

25%

50%

Q56. The spendthrift clause in a life insurance policy

prevents a beneficiary from assigning interest in policy proceeds.

allows the payment of part of the death benefit for terminally ill insureds.

assumes that the insured survived the beneficiary if both die in a common accident.

requires the insurer to waive all premiums due when an insured is totally disabled.

Q57. What policy is a savings instrument designed to first accumulate funds and then systematically to liquidate the funds?

Term life.

Deferred annuity.

Mortgage insurance.

Disability income insurance.

Q58. Which program is designed to provide medical assistance to people with low incomes?

Medical.

Medicare.

Social Security.

Workers’ Compensation.

Q59. People commonly purchase an annuity to protect against the risk of

dying too soon.

becoming uninsurable.

outliving their financial resources.

dying before their home mortgage is paid off.

Q60. The insured is totally and permanently disabled. The insured’s policy continues in force without payment of further premiums because the policy contains a

guaranteed insurability provision.

waiver of premium provision.

reinstatement provision.

grace period provision.

Q61. During the grace period, when may an insurer terminate medical coverage?

The insured requests termination in writing.

Policies cannot be terminated during the grace period.

The insured is hospitalized without giving the insurer prior notification.

The insured receives care from a physician who is not in the plan’s network.

Q62. When a family policy covers children, all of the following are true EXCEPT

the coverage is term insurance for a fixed amount.

there is no additional charge for covering new additions to the family.

evidence of insurability is required to convert coverage for children to permanent insurance.

all children living with the family are covered even if adopted or born after the policy is issued.

Q63. A worker who is credited with 6 quarters of coverage during the last 13-quarter period becomes disabled.
What status does the worker have under the Social Security Disability Program?

Uninsured.

Partially insured.

Currently insured.

Disability insured.

Q64. Regarding the Health Benefit Exchanges, as created by PPACA, all of the following statements are true EXCEPT

the name of California’s Exchange is Covered California.

an individual enrolling in a bronze level plan is not eligible for reduced cost-sharing.

an individual whose household income is 400% of the federal poverty level may receive a premium tax credit.

an individual may only receive a premium tax credit for a plan if purchased through the Exchange.

Q65. The initial enrollment period for Medicare Part B ends how many months after the 65th birthday month?

One month.

Three months.

Five months.

Seven months.

Q66. The total premium paid by a life policy owner for one policy year is

the same regardless of the frequency of payment.

less when paid quarterly than if paid semiannually.

greater if the premium is paid semiannually rather than annually.

based on the assumption that the insured will pay policy premiums at the end of the policy year in one payment; if paid earlier in the policy year, a discount will be allowed.

Q67. Under the Family and Medical Leave Act (FMLA), how many weeks of unpaid leave is allowed per year for the birth of a child?

Q68. Specified disease insurance covers all of the following EXCEPT

costs covered by medical expense insurance.

noncovered medical expenses.

out-of-pocket payments.

incidental costs.

Q69. Why is having a large number of similar exposure units important to an insurer?

The greater the number insured, the more accurately the insurer can predict losses and set appropriate premiums.

The greater the number insured, the more premium is collected to offset fixed costs.

The greater the number insured, the more premium is collected to help cover losses.

The insured increases its market share with every insured.

CA-Life-Accident-and-Health Question Bank: Free PDF Download Recently Updated Questions: https://www.testkingfree.com/California-Department-of-Insurance/CA-Life-Accident-and-Health-practice-exam-dumps.html

Sep-2024 California Department of Insurance CA-Life-Accident-and-Health Certification Real 2024 Mock Exam [Q47-Q69]

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