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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 10% | - Basic insurance principles and terminology - Insurance marketplace and regulation overview - Insurance contract law and elements |
| Health Insurance | 25% | - Medicare and Medicare supplements - Disability income insurance - Long-term care insurance - Medical expense and major medical plans - Health policy provisions and exclusions |
| Life Insurance | 35% | - Beneficiary designations and settlement options - Types of life insurance policies - Policy provisions, riders, and options - Group life insurance |
| Annuities and Retirement Plans | 10% | - Immediate and deferred annuities - Tax treatment and suitability - Fixed and variable annuities |
| California Insurance Code & Ethics | 20% | - Policy delivery and replacement rules - State regulations and licensing rules - Unfair trade practices - Ethical standards and anti-fraud provisions |
California Department of Insurance CA Life, Accident and Health or Sickness Examination Sample Questions:
Your client has just bought a new home which he has financed with a $150,000, 7.5% interest, 30-year bank loan. He would like to be sure that if he dies prematurely, the unpaid balance of the mortgage would be paid.
He wants a policy that will cover the mortgage balance - no more, no less - anytime during the life of the mortgage. Which policy is designed to meet this need?
- A. Increasing term policy.
- B. Decreasing term policy.
- C. Level term policy.
- D. Home service policy.
Correct Answer: B 🗳️
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
A life insurance policy written after 1988 that fails to meet the seven-pay test is known as
- A. a modified endowment contract.
- B. a single premium contract.
- C. a modified life policy.
- D. an endowment policy.
Correct Answer: A 🗳️
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
In long-term care policies, which of the following is an activity of daily living?
- A. Driving
- B. Bathing
- C. Working
- D. Breathing
Correct Answer: B 🗳️
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
Insureds are entitled to recover an amount NOT greater than the amount of their loss under the principle of
- A. adhesion.
- B. indemnity.
- C. warranty.
- D. utmost good faith.
Correct Answer: B 🗳️
Explanation: Only visible for ExamsLabs members. You can sign-up / login (it's free).
All of the following are features of a Preferred Provider Organization (PPO) EXCEPT
- A. primary care physicians act as gatekeepers.
- B. dependents do not need referrals to see a specialist.
- C. employees have a choice of practitioners.
- D. providers are paid on a fee-for-service basis.
Correct Answer: B 🗳️
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