Higher Test Marks with Free Online CA-Life-Accident-and-Health Exam Practice

Assess the CertsIQ’s updated CA-Life-Accident-and-Health exam questions for free online practice of your CA Life, Accident and Health or Sickness Examination test. Our CA Life Accident and Health dumps questions will enhance your chances of passing the California Department of Insurance Certification certification exam with higher marks.

Question 1

Which of the following statements regarding risk is TRUE?

Options :

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

What happens if an insurer violates the Medical Loss Ratio rule and spends too much money on administrative costs?

Options :

A :

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.

B :

Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Federal government, n

C :

Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Health Benefits Exchange.

D :

Insurers that do not meet the Medical Loss Ratio standard will only be required to reduce their spending on administrative costs.

Answer: A

Question 3

The theory of probability is applied to life insurance through the use of

Options :

A : morbidity tables.

B : mortality tables.

C : the needs approach.

D : the human life value approach.

Answer: B

Question 4

Which policy allows the insured to choose where the assets backing the cash value are invested?

Options :

A : Term life.

B : Variable life.

C : Universal life.

D : Endowment life.

Answer: B

Question 5

Which group provides information about health-related issues to the elderly in California?

Options :

A : Medicare supplement insurers.

B :

Long-term care insurance providers.

C : The National Health Care Anti-Fraud Association.

D : The Health Insurance Counseling and Advocacy Program (HICAP).

Answer: D