CA-Life-Accident-and-Health Free Exam Study Guide! (Updated 157 Questions) [Q83-Q98]

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CA-Life-Accident-and-Health Free Exam Study Guide! (Updated 157 Questions)

CA-Life-Accident-and-Health Dumps for California Department of Insurance Certification Certified Exam Questions and Answer

NO.83 What is the limit of liability in a term life insurance policy?

The total cash value.

The face amount of the policy.

The total amount of premiums paid.

The face amount plus the premiums paid.

NO.84 To help keep premiums more affordable, which provision is included in a disability income policy?

Residual benefits.

Elimination period.

Cost of living rider.

Automatic increase provision.

NO.85 For Social Security purposes, a person with 40 quarters of coverage is considered

fully insured.

partially insured.

currently insured.

conditionally insured.

NO.86 In financial planning, the human life value concept is based on an individual’s

age.

education.

health.

income

NO.87 All of the following statements are true regarding Health Insurance Counseling Advocacy Program (HICAP) counselors EXCEPT HICAP counselors

provide information about the Medicare program.

must complete an intensive training program.

are qualified to give legal advice.

are volunteers.

NO.88 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.

NO.89 A worker is entitled to Social Security disability benefits if all of the following are true EXCEPT the

worker is under age 65.

worker is insured for disability benefits.

disability is expected to continue for 12 months or result in death.

worker cannot perform his or her current job, but is actively seeking other employment.

NO.90 All of the following are standard exclusions in individual disability income policies EXCEPT

self-inflicted injuries.

preexisting conditions.

active military duty.

accidental injuries.

NO.91 All of the following types of insurance pay benefits in addition to those paid by other insurance policies held by the insured EXCEPT

medical expense.

critical illness.

specified disease.

hospital indemnity.

NO.92 When is the automatic loan provision activated?

On the premium due date.
OB. At the end of the grace period.

At the end of the free-look period.

At the end of the incontestability period.

NO.93 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.

NO.94 Under the PPACA, which medical enrollment tier is 80% actuarial value?

bronze

gold

platinum

silver

NO.95 A commonly used cost containment measure for emergency hospital care under a major medical expense plan is the

deductible.

premium tax.

inpatient fee.

pre-admission test.

NO.96 A life insurance policy written after 1988 that fails to meet the seven-pay test is known as

an endowment policy.

a modified life policy.

a single premium contract.

a modified endowment contract.

NO.97 According to the California Insurance Code, governing insurance appointments, who is responsible for filing a life agent’s appointment?

The Commissioner.

The employer.

The insurer.

The licensee.

NO.98 How does the cost recovery rule apply when a life insurance policy is surrendered for its cashvalue?

The insurer retains the cost basis.

The entire surrender value is taxable.

The insured receives only the cost basis.

The cost basis of the policy is exempt from taxation.

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