Updated: Jul 14, 2026
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1. As defined in the California Insurance Code, "insurance" is a
A) risk.
B) peril.
C) gamble.
D) contract.
2. In long-term care policies, which of the following is an activity of daily living?
A) Working
B) Driving
C) Breathing
D) Bathing
3. According to California Insurance Code, an insurance policy must be
A) in writing.
B) negotiated between the agent and the insured.
C) approved by the Insurance Commissioner.
D) economically feasible for the insured.
4. Each of the following terms is an important characteristic of a Major Medical policy EXCEPT
A) capitation fee.
B) copayments.
C) deductible.
D) coinsurance.
5. All of the following statements are true regarding Health Insurance Counseling Advocacy Program (HICAP) counselors EXCEPT HICAP counselors
A) are volunteers.
B) are qualified to give legal advice.
C) provide information about the Medicare program.
D) must complete an intensive training program.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B |
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