CALIFORNIA LIFE, ACCIDENT AND HEALTH STATE EXAM 2024-2025 TEST BANK WITH 600+ QUESTIONS AND CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, AND HEALTH INSURANCE LICENSE PRACTICE EXAM (NEW!!)

CALIFORNIA LIFE, ACCIDENT AND HEALTH STATE EXAM 2024-2025 TEST BANK WITH 600+ QUESTIONS AND CORRECT ANSWERS / STATE OF CALIFORNIA LIFE, AND HEALTH INSURANCE LICENSE PRACTICE EXAM (NEW!!)
The California Life and Health Insurance Guarantee Association covers all of these
types of policies, EXCEPT
Whole life
Immediate annuities
Disability
Self-funded plans - ANSWER-Self-funded plans
Adhesion
Fiduciary
Conditional
Aleatory - ANSWER-Fiduciary
Which principle is accurately described with the statement "Insureds are entitled to
recover an amount NOT greater than the amount of their loss"?
Unilateral
Indemnity
Aleatory
Utmost good faith - ANSWER-Indemnity