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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Health Insurance | 25% | - Medical expense and major medical plans - Disability income insurance - Health policy provisions and exclusions - Long-term care insurance - Medicare and Medicare supplements |
| California Insurance Code & Ethics | 20% | - Ethical standards and anti-fraud provisions - State regulations and licensing rules - Unfair trade practices - Policy delivery and replacement rules |
| Annuities and Retirement Plans | 10% | - Tax treatment and suitability - Fixed and variable annuities - Immediate and deferred annuities |
| Life Insurance | 35% | - Group life insurance - Types of life insurance policies - Policy provisions, riders, and options - Beneficiary designations and settlement options |
| General Insurance Concepts | 10% | - Insurance marketplace and regulation overview - Insurance contract law and elements - Basic insurance principles and terminology |
California Department of Insurance CA Life, Accident and Health or Sickness Examination Sample Questions:
An insured is receiving benefits from a group health plan for a total disability. Which of the following happens if the existing plan is terminated?
- A. The insured ceases to receive benefits.
- B. The insured must apply for individual health coverage.
- C. The insured must apply for Social Security benefits.
- D. The insured receives benefits from the terminated plan.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
What does the statement "Life insurance creates an immediate estate" mean?
- A. Premiums are due and payable immediately.
- B. The total cash value is available immediately.
- C. Policy proceeds are automatically paid to the insured's estate.
- D. The total death benefit is paid whenever the insured dies.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
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. Level term policy.
- B. Increasing term policy.
- C. Home service policy.
- D. Decreasing term policy.
Correct Answer: D 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
All of the following statements are true regarding Health Insurance Counseling Advocacy Program (HICAP) counselors EXCEPT HICAP counselors
- A. are qualified to give legal advice.
- B. are volunteers.
- C. must complete an intensive training program.
- D. provide information about the Medicare program.
Correct Answer: A 🗳️
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Which policy allows the insured to choose where the assets backing the cash value are invested?
- A. Universal life.
- B. Variable life.
- C. Endowment life.
- D. Term life.
Correct Answer: B 🗳️
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