California life and health practice exam

1. How many hours of CE must a California life agent complete before each license renewal?

1. 30 hours, including 4 hours of ethics
2. 16 hours, including 3 hours of ethics
3. 24 hours, including 3 hours of ethics
4. 24 hours, with no ethics requirement

2. Since March 1, 2023, California's 3-hour ethics CE course must include:

1. 1 hour of study on insurance fraud
2. 1 hour on cybersecurity
3. 1 hour on annuity suitability
4. 1 hour on long-term care

3. Which California licensee may be excused from continuing education?

1. Any licensee licensed for 20 years
2. One licensed in good standing for 30 continuous years in California who is age 70 or older, and who was first licensed before January 1, 2010
3. Any licensee who holds a CLU designation
4. Any licensee over age 65

4. Before receiving a California life or accident and health license, an applicant must complete a prelicensing course on ethics and the California Insurance Code of:

1. 20 hours, including 2 hours on fraud
2. 4 hours
3. 40 hours
4. 12 hours, including 1 hour on insurance fraud

5. A California prelicensing certificate of completion expires:

1. 3 years from the course completion date, whether or not a license is issued
2. When the applicant passes the exam
3. It never expires
4. 1 year from the course completion date

6. Before soliciting individual consumers to sell annuities, a California life agent must complete:

1. 4 hours of annuity training
2. 12 hours of annuity training
3. No annuity training
4. 8 hours of annuity training

7. A California life agent who sells annuities must complete how many hours of annuity training before each license renewal?

1. 8 hours
2. None after the initial course
3. 4 hours, separate from the initial 8-hour course
4. 2 hours

8. Before soliciting long-term care insurance in California, an agent must complete:

1. 4 hours of LTC training
2. 8 hours of LTC training
3. 16 hours of LTC training
4. No LTC training

9. After the initial training, a newly licensed California agent who sells long-term care insurance must complete:

1. 8 hours of LTC training in each of the first four 12-month periods, then 8 hours before each renewal
2. 8 hours once, with no ongoing requirement
3. 4 hours of LTC training every year for life
4. 16 hours every 5 years

10. A California licensee must notify the Commissioner in writing of a change in background information within:

1. 60 days of learning of the change
2. The next license renewal
3. 30 days of learning of the change
4. 10 days of learning of the change

1. California requires an individual life insurance policy to provide a grace period of not less than:

1. 31 days
2. 45 days
3. 30 days
4. 60 days from the premium due date

2. Before a California life policy terminates for nonpayment of premium, the insurer must give notice to the owner and any designee at least:

1. 10 days before the termination takes effect
2. 30 days before the termination takes effect
3. On the day the policy terminates
4. 60 days before the termination takes effect

3. Before issuing an individual life policy in California, the insurer must give the applicant the right to:

1. Designate at least one other person to receive notice of lapse or termination
2. Choose the insurer's reinsurer
3. Name the agent as beneficiary
4. Waive the grace period

4. How often must a California life insurer notify the policy owner of the right to change the lapse notice designee?

1. Every 5 years
2. Only when a premium is late
3. Annually
4. Only at issue

5. In California, an individual life policy or annuity delivered to a person age 60 or older must have a free look period of at least:

1. 14 days
2. 30 days
3. 10 days
4. 20 days

6. When a California owner age 60 or older cancels during the free look period, the insurer must refund the money within:

1. 90 days after being notified
2. 60 days after being notified
3. 10 days after being notified
4. 30 days after being notified of the cancellation

7. In California, a life policy becomes incontestable, except for nonpayment of premium, after it has been in force during the insured's lifetime for no more than:

1. 5 years after its date of issue
2. 2 years after its date of issue
3. 3 years after its date of issue
4. 1 year after its date of issue

1. Under California law, the owner of a replacement life policy or annuity may return it for an unconditional refund within:

1. 30 days from delivery
2. 60 days from delivery
3. 20 days from delivery
4. 10 days from delivery

2. In California, a replacing insurer must notify the existing insurer within:

1. 10 working days
2. 30 days
3. 3 working days of receiving the application or issuing the policy, whichever is sooner
4. 5 business days

3. California replacing insurers must keep replacement records for at least:

1. 1 year
2. 10 years
3. 5 years
4. 3 years

1. The California Life and Health Insurance Guarantee Association generally covers what share of an insolvent insurer's contractual obligations, up to its dollar limits?

1. 100 percent
2. 80 percent
3. 90 percent
4. 50 percent

2. The California guarantee association covers life insurance death benefits up to:

1. 80 percent of the benefit, not to exceed $300,000
2. 80 percent of the benefit, not to exceed $500,000
3. 100 percent of the benefit, not to exceed $250,000
4. 100 percent of the benefit, not to exceed $300,000

3. The California guarantee association covers the present value of annuity benefits up to:

1. 80 percent, not to exceed $100,000
2. 100 percent, not to exceed $500,000
3. 100 percent, not to exceed $250,000
4. 80 percent, not to exceed $250,000

4. How is the California guarantee association's health insurance benefit limit adjusted over time?

1. It doubles every 10 years
2. It is fixed at $100,000 permanently
3. It changes with the health care cost component of the Consumer Price Index
4. The legislature votes on it every year