Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which policy covering two or more individuals terminates after paying benefits only on the second death? A. Family policy. B. Joint life policy. C. Survivorship life policy. D. Limited payment whole life policy. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link All of the following are requirements of a contract EXCEPT A. the contract must have a legal purpose. B. there must be equal consideration between the parties. C. the parties to the contract must be legally competent. D. there must be an offer and acceptance of the contract terms. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link According to the California Insurance Code, the Commissioner can disapprove a licensee's request to use a fictitious name for any of the following reasons EXCEPT the A. name is the licensee's actual name. B. use of the name would be misleading. C. name is too similar to a name already filed. D. name implies that the licensee is an underwriter. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A husband and wife have a disabled child who is financially dependent upon them. The death of one parent would not result in financial disaster for the child, but the death of both parents would. Which policy should they purchase? A. Juvenile policy. B. First-to-die policy. C. Second-to-die policy. D. Family protection policy. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Failure to report background changes within 30 days as required under Section 1729.2 of the California Insurance Code could subject a licensee or applicant to A. Suspension B. Denial C. Revocation of the license D. All of the above Submit Answer