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  4. Life Accident and Health Insurance Basics

Free Life Accident and Health Insurance Basics Practice Questions

California Life, Accident & Health exam (series Life, Accident & Health) — 61 practice questions.

Subtopics: Insurable interest, HIV consent, Genetic information, Life settlement rescission, STOLI, Creditor protection, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. In California life insurance, insurable interest must exist:

At the time the contract is made

For life insurance the insurable interest must exist when the contract is made.

2. Before HIV testing for life or disability underwriting in California an insurer must obtain:

Written informed consent

California requires written informed consent before HIV testing for insurance purposes.

3. California prohibits a life or disability insurer from refusing coverage based solely on a person's:

Genetic characteristics

California prohibits adverse underwriting in life and disability insurance based solely on genetic characteristics.

4. Under California life settlement law, the policy owner generally has the right to:

Rescind the settlement within a limited statutory period

California gives the policy owner a statutory right to rescind a life settlement within a limited period after it is executed.

All Life, Accident & Health topics

Practice: Life Accident and Health Insurance Basics

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.