Online Access Free CA-Life-Accident-and-Health Exam Questions

Insurer policy expenses include all of the following EXCEPT

• A.taxes.
• B.premiums.
• C.agent commissions.
• D.home office operations.

All of the following statements apply to the child coverage in a family policy EXCEPT

• A.child coverage is term insurance.
• B.children are covered until reaching a specified age.
• C.child coverage is convertible to whole life coverage.
• D.coverage applies only to children born before the policy is issued.

Which life insurance classification carries the highest premium?

• A.Substandard
• B.Standard
• C.Preferred
• D.Preferred Plus

A contract of indemnity is one in which

• A.both parties are expected to act in complete honesty.
• B.one party is restored to the same financial position the party was in before the loss occurred.
• C.one party must adhere to the agreements written by the other party.
• D.one party is obligated to assume the legal liability of another party.

If a term life insurance policy is renewable, the renewal provision usually states that

• A.the policy can be renewed at any time, regardless of the insured's age.
• B.the policy cash value increases at each renewal.
• C.evidence of insurability is required at the time renewal is requested.
• D.a higher premium is payable at each renewal.