1. Exam Prep
  2. California
  3. Life-Only Agent
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

California Life-Only Agent exam (series Life-Only) — 29 practice questions.

Subtopics: Continuing education, Ethics CE, Prelicensing ethics course, Regulator, Commissioner term, License types, Transacting insurance, Certificate of authority, Appointment, Fiduciary funds, Rebating, Twisting, Misrepresentation, Unfair discrimination, Defamation, Privacy, Unfair claims settlement, Guaranty association, Guaranty association advertising, Insurance fraud, Replacement, Senior protections, Annuity training, Examination, License discipline, Notice of address change, Fair Credit Reporting Act, Fraud and false statements, Privacy and Do Not Call

Sample questions & answers

1. How many hours of continuing education must a California resident life licensee complete during each two-year license term?

24 hours

California requires 24 hours of approved continuing education each two-year term to renew a producer license.

2. Of the required continuing education hours, how many must a California licensee complete in ethics each renewal cycle?

3 hours

California requires at least 3 hours of ethics continuing education within the 24-hour renewal requirement.

3. Before a California life license is issued an applicant must complete a course covering ethics and the California Insurance Code of at least:

12 hours

California requires a 12-hour course in ethics and the California Insurance Code, including 1 hour of insurance fraud, before licensure.

4. Which official heads the agency that regulates insurance producers in California?

The elected Insurance Commissioner

California's insurance industry is regulated by the California Department of Insurance, headed by an elected Insurance Commissioner.

All Life-Only Agent topics

Practice: Insurance Regulation

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 Pennsylvania Insurance Department and the exam administrator before relying on it.