California Insurance Regulations Practice Questions
820 free California-specific insurance regulation questions — licensing rules, replacement regulations, unfair practices, and CA insurance code duties tested on the California Life & Health exam. Nationally applicable material lives in the other domains.
- 1.Which of the following best describes insurable interest in life insurance?Difficulty 1/5CA specific
- 2.A business partner takes out a life insurance policy on the other partner when they form a partnership. The…Difficulty 2/5CA specific
- 3.How does the timing of the insurable interest requirement for life insurance under California Insurance Cod…Difficulty 1/5CA specific
- 4.A California policyowner purchases a policy on her own life and names a person who has no relationship to h…Difficulty 2/5CA specific
- 5.Under California Insurance Code Section 10110, when must the policyowner have an insurable interest in the …Difficulty 1/5CA specific
- 6.A California business wants to insure the life of its star salesperson, and the salesperson's spouse also w…Difficulty 2/5CA specific
- 7.A policyowner names a beneficiary irrevocably. Under California Insurance Code Section 10170, the policyown…Difficulty 2/5CA specific
- 8.A California insured is divorced but never changes the beneficiary designation on his life policy, which st…Difficulty 2/5CA specific
- 9.A married insured pays premiums on a life policy with community funds and names a beneficiary other than th…Difficulty 3/5CA specific
- 10.Which of the following is NOT one of the standard life insurance settlement options?Difficulty 1/5CA specific
- 11.Under California Insurance Code Section 10170(f), an insurer may use a retained-asset account as the defaul…Difficulty 2/5CA specific
- 12.When an employee's group life insurance coverage ends, California law (CIC Section 10209) gives the employe…Difficulty 2/5CA specific
- 13.Under California's group life conversion privilege (CIC Section 10209), the converted individual policy mus…Difficulty 2/5CA specific
- 14.A terminated employee applies for conversion on day 20 of the 31-day conversion period but dies before the …Difficulty 2/5CA specific
- 15.An employer fails to give a terminating employee the required 15-day advance written notice of the right to…Difficulty 3/5CA specific
- 16.A California resident who is terminally ill receives an accelerated death benefit under a living benefit ri…Difficulty 1/5CA specific
- 17.Under California Insurance Code Section 22, the event that triggers the insurer's obligation under an insur…Difficulty 1/5CA specific
- 18.A company offers customers a contract promising to pay for appliance repairs if the appliances break during…Difficulty 2/5CA specific
- 19.To qualify for the federal small employer health insurance tax credit, an employer with 25 or fewer full-ti…Difficulty 2/5CA specific
- 20.Under CIC Section 10113, a disability insurance policy issued in California constitutes the entire contract…Difficulty 2/5CA specific
- 21.For California personal income tax purposes, the interest credited to the cash value of a permanent life in…Difficulty 1/5CA specific
- 22.Under California law (CIC Sections 10146-10149), when a disability income insurer underwrites on the basis …Difficulty 2/5CA specific
- 23.Under CIC Section 10382, altering a written disability insurance application without the applicant's writte…Difficulty 2/5CA specific
- 24.A California disability income insurer is underwriting an applicant who is HIV-positive. Under CIC Section …Difficulty 2/5CA specific
- 25.Before selling a Qualified Health Plan through Covered California, an insurance agent must:Difficulty 2/5CA specific
- 26.Cal-COBRA, California's continuation coverage law, primarily:Difficulty 2/5CA specific
- 27.A company charges members a flat monthly fee and promises to pay a fixed benefit whenever a member submits …Difficulty 2/5CA specific
- 28.Under California's MAGI-based Medi-Cal rules, children under age 19 generally qualify when household income…Difficulty 2/5CA specific
- 29.In the California statutory definition of insurance (Insurance Code Section 22), the term 'indemnify' means…Difficulty 1/5CA specific
- 30.Under California Insurance Code Section 22, a contract qualifies as insurance when one party agrees to inde…Difficulty 1/5CA specific
- 31.With respect to estate taxation of life insurance proceeds, which statement is correct for a California res…Difficulty 2/5CA specific
- 32.For California personal income tax purposes, an employee with $45,000 of employer-paid group term life insu…Difficulty 1/5CA specific
- 33.An event has already occurred, but neither party to an insurance transaction knows about it. Under Californ…Difficulty 2/5CA specific
- 34.A blanket health insurance policy under California Insurance Code Section 10270.2 is a policy that:Difficulty 1/5CA specific
- 35.Under California law, which of the following is generally recognized as an eligible group for group health …Difficulty 2/5CA specific
- 36.A California resident borrows against the cash value of a non-MEC life insurance policy. Under California p…Difficulty 1/5CA specific
- 37.Covered California for Small Business (CCSB), the state's SHOP exchange, serves:Difficulty 2/5CA specific
- 38.A California resident receives periodic payments from a nonqualified annuity. For California personal incom…Difficulty 2/5CA specific
- 39.Under California Insurance Code Section 22, insurance is defined as a contract whereby one party agrees to:Difficulty 1/5CA specific
- 40.Under California Insurance Code Section 381, which of the following is NOT one of the specifications a life…Difficulty 2/5CA specific
- 41.Under CIC Section 10382, if an alteration to a disability insurance application is made by an officer of th…Difficulty 3/5CA specific
- 42.Under California Insurance Code Section 10192.20, an agent who replaces an existing Medigap policy must:Difficulty 3/5CA specific
- 43.Under California's Equal Insurance HIV Act (CIC Section 799), before a life or disability income insurer ma…Difficulty 2/5CA specific
- 44.When a group disability policy is discontinued and a different carrier begins providing the benefits to the…Difficulty 2/5CA specific
- 45.A California resident owns a life insurance policy that is classified as a Modified Endowment Contract (MEC…Difficulty 2/5CA specific
- 46.Under California Insurance Code Section 22, a policy that pays a death benefit is valid insurance even thou…Difficulty 1/5CA specific
- 47.For California state personal income tax purposes, a life insurance death benefit received as a lump sum by…Difficulty 1/5CA specific
- 48.Under California law (CIC Sections 10128.1-10128.4), when a group disability policy is discontinued and an …Difficulty 2/5CA specific
- 49.Under CIC Section 10128.1, discontinuance of a group disability policy means:Difficulty 2/5CA specific
- 50.A California resident beneficiary elects to receive a life insurance death benefit in equal annual installm…Difficulty 2/5CA specific