California Licensing & Producer Law — California Insurance Law — Life & Health Practice Test
30 questions in this topic · 30 drawn at random this round
Per California Insurance Code sections 10113.1(b) and 10113.2(b)(1), a 'life settlement broker':
Session Progress
This California Insurance Law — Life & Health California Licensing & Producer Law practice set has 30 practice questions based on the official exam materials, each with an instant explanation.
Sample questions
Three questions from the California Licensing & Producer Law bank with the correct answer and an explanation. The practice quiz above draws 30 questions at random from the same bank.
Under California Insurance Code section 1626(a)(1), a person licensed as a 'life agent' in California is authorized to transact which line(s) of insurance?
- Life insurance, accident and health or sickness insurance, or both, on behalf of an insurer — Correct answer
- Property and casualty insurance only
- Only life insurance — never accident and health or sickness insurance
- Any line of insurance whatsoever, without restriction
Explanation: A life agent license issued under §1626(a)(1) authorizes the licensee to transact life insurance, accident and health or sickness insurance, or a combination of both, on behalf of an insurer (Cal. Ins. Code §1626(a)(1)).
Handbook: California Licensing & Producer Law — Life Agent Definition
California Insurance Code section 1626(a)(2) defines the license category authorizing a person to transact which insurance line?
- Accident and health or sickness insurance — Correct answer
- Life insurance only
- Property insurance
- Title insurance
Explanation: Section 1626(a)(2) is the statutory basis for the 'accident and health or sickness agent' license type (Cal. Ins. Code §1626(a)(2)).
Handbook: California Licensing & Producer Law — Accident and Health Agent Definition
A 'life and disability insurance analyst,' as defined and licensed under California Insurance Code sections 32.5 and 1831 through 1849, is best described as someone who:
- For a fee, examines, appraises, reviews, or gives advice on insurance policies or coverages for clients, without selling insurance — Correct answer
- Sells life insurance policies directly to consumers for a commission
- Underwrites life insurance applications on behalf of an insurer
- Investigates insurance fraud on behalf of the Department of Insurance
Explanation: The analyst license (§32.5; §§1831-1849) is a distinct, fee-based advisory license — analysts review/advise on policies for a fee rather than sell or underwrite insurance (Cal. Ins. Code §32.5, §§1831-1849).
Handbook: California Licensing & Producer Law — Life and Disability Insurance Analyst