Free California Department of Insurance CA-Life-Accident-and-Health Exam Questions

Become California Department of Insurance Certified with updated CA-Life-Accident-and-Health exam questions and correct answers

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Total 156 Questions | Updated On: Jul 28, 2025

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Question 1

Which of the following statements regarding risk is TRUE?

A : Only pure risks are insurable.

B : Only speculative risks are insurable.

C : Both pure and speculative risks are insurable.

D : Neither pure nor speculative risks are insurable.

Answer: A

Question 2

All of the following are standard exclusions in individual disability income policies EXCEPT

A : self-inflicted injuries.

B : preexisting conditions.

C : active military duty.

D : accidental injuries.

Answer: D

Question 3

Every individual annuity policy that is sold to a senior in the State of California MUST include which of the following free look information?

A : The insured forfeits any premiums paid if cancelled.

B : The policy has a 30-day return for cancellation feature.

C : The insurer has the right to cancel if less than 30 days.

Answer: B

Question 4

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 : Home service policy.

C : Increasing term policy.

D : Decreasing term policy.

Answer: D

Question 5

In health insurance the coinsurance is

A : a percentage of the cost for covered expenses paid by more than one insurer.

B : a portion of the premium paid by the insured and insurer for each covered service.

C : a payment shared by the insured and provider of covered service minus the deductible.

D : a percentage paid for covered expenses by the insured and insurer after the deductible is satisfied.

Answer: D

Page: 1 / 32

Total 156 Questions | Updated On: Jul 28, 2025

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