Risk Management and Insurance > EXAM > Final Exam - California Life Only Questions and Answers Already Passed (All)
Final Exam - California Life Only Questions and Answers Already Passed
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According to the California Insurance Code, what is "insurance"? ✔✔A contract Which of these statements correctly describes risk? ✔✔Pure risk is the only insurable risk Only pure risks are i ... nsurable Which of the following does NOT have to be included on life insurance policy illustrations? ✔✔Statement that all values and benefits are guaranteed An agent's attempt to stop the replacement of an existing life insurance policy is known as ✔✔conservation If a material warranty violation on the part of the insured is found, what recourse does an insurer have? ✔✔Rescind the policy [Show More]
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