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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Insurance Basics and Principles | - Risk management concepts - Insurance terminology and principles |
| Annuities and Retirement Concepts | - Retirement income options - Fixed and variable annuities |
| Life Insurance Concepts | - Beneficiaries and settlement options - Policy provisions and riders - Types of life insurance policies (term, whole life, universal life) |
| State Insurance Regulations (California) | - Unfair trade practices and ethics - California Insurance Code and regulations - Licensing requirements and producer conduct |
| Accident and Health Insurance | - Long-term care insurance basics - Disability income insurance - Medical expense coverage |
California Department of Insurance CA Life, Accident and Health or Sickness Examination Sample Questions:
What is the difference between deferred annuities and immediate annuities?
- A. Deferred annuities have longer accumulation periods.
- B. Deferred annuities have no surrender charges.
- C. Deferred annuities cover more lives.
- D. Deferred annuities have longer liquidation periods.
Correct Answer: A 🗳️
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The group medical plan provision that applies when a claimant has coverage under more than one plan is known as
- A. coinsurance.
- B. maximum benefits.
- C. coordination of benefits.
- D. integration.
Correct Answer: C 🗳️
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Vision insurance usually limits coverage in all of the following ways EXCEPT
- A. a specific dollar amount for examinations.
- B. a specific dollar amount for frames.
- C. one set of lenses per year.
- D. one examination per year.
Correct Answer: A 🗳️
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What happens if an insurer violates the Medical Loss Ratio rule and spends too much money on administrative costs?
- A. Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Federal government, n
- B. Insurers that do not meet the Medical Loss Ratio standard will be required to provide rebates to their customers and reduce spending on their administrative costs.
- C. Insurers that do not meet the Medical Loss Ratio standard will only be required to reduce their spending on administrative costs.
- D. Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Health Benefits Exchange.
Correct Answer: B 🗳️
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What is the cost of service from the Health Insurance Counseling Advocacy Program (HICAP)?
- A. $10 per appointment.
- B. No charge.
- C. $25 per appointment.
- D. $50 per appointment.
Correct Answer: B 🗳️
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