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California Department of Insurance CA-Life-Accident-and-Health Exam Syllabus Topics:

SectionObjectives
Topic 1: Life Insurance Concepts- Beneficiaries and settlement options
- Types of life insurance policies (term, whole life, universal life)
- Policy provisions and riders
Topic 2: State Insurance Regulations (California)- California Insurance Code and regulations
- Licensing requirements and producer conduct
- Unfair trade practices and ethics
Topic 3: Insurance Basics and Principles- Insurance terminology and principles
- Risk management concepts
Topic 4: Annuities and Retirement Concepts- Fixed and variable annuities
- Retirement income options
Topic 5: 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:

Question #1

How does the cost recovery rule apply when a life insurance policy is surrendered for its cashvalue?

  • A. The insurer retains the cost basis.
  • B. The entire surrender value is taxable.
  • C. The insured receives only the cost basis.
  • D. The cost basis of the policy is exempt from taxation.
Answer: D

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Question #2

The additional premium charged by an insurer for adding the accidental death benefit to a whole life policy

  • A. increases the policy's cash value.
  • B. increases the yearly dividend amount.
  • C. does not affect the policy's cash value.
  • D. decreases the length of time that premiums are payable.
Answer: C

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Question #3

A worker is entitled to Social Security disability benefits if all of the following are true EXCEPT the

  • A. worker cannot perform his or her current job, but is actively seeking other employment.
  • B. worker is insured for disability benefits.
  • C. disability is expected to continue for 12 months or result in death.
  • D. worker is under age 65.
Answer: A

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Question #4

California long-term care policies may be identified as any of the following EXCEPT

  • A. Comprehensive Long-Term Care.
  • B. Home Care only.
  • C. Nursing Facility and Residential Care Facility only.
  • D. Acute Hospital Care only.
Answer: D
Question #5

A life insurance policy written after 1988 that fails to meet the seven-pay test is known as

  • A. a modified endowment contract.
  • B. a modified life policy.
  • C. an endowment policy.
  • D. a single premium contract.
Answer: A

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