Life and Health California Exam California Health and Life Insurance Regulations

Question 1

Under California law, which entity regulates the business of insurance within the state?

Accepted Answer

The California Department of Insurance (CDI)

Answer

The California Department of Finance

Answer

The California Health Benefits Review Program

Answer

The California Secretary of State

Question 2

A California life or health insurance agent license is valid for:

Accepted Answer

2 years

Answer

1 year

Answer

4 years

Answer

5 years

Question 3

Under California law, how many hours of continuing education (CE) are required to renew a life and health insurance agent license?

Accepted Answer

24 hours

Answer

12 hours

Answer

30 hours

Answer

48 hours

Question 4

Under the California Insurance Code, the 'free look' period for individual life insurance policies is:

Accepted Answer

10 days

Answer

30 days

Answer

20 days

Answer

60 days

Question 5

California's 'Knox-Keene Health Care Service Plan Act' primarily regulates which type of health organization?

Accepted Answer

Health Maintenance Organizations (HMOs)

Answer

Medicare Advantage plans

Answer

Traditional indemnity health insurers

Answer

Employer self-funded plans

Question 6

Under California law, an insurer must pay or deny a health insurance claim within how many working days of receiving all information needed to process the claim?

Accepted Answer

15 working days

Answer

5 working days

Answer

30 working days

Answer

45 working days