California Insurance License Exam Practice Test Practice Question
Lite insurance policies written without a physical examination are called
Correct Answer: A
Rationale: Lite insurance policies written without a physical examination are categorized as non-medical. This designation reflects that these policies do not require medical underwriting, making them more accessible to individuals seeking coverage without extensive health evaluations.
Option B, preferred, typically refers to policies that offer lower premiums based on favorable health assessments. Option C, standard, indicates average risk policies that may still require some medical information. Option D, substandard, applies to higher-risk applicants who may face higher premiums or limitations due to health issues. Thus, non-medical accurately describes the absence of a physical examination.
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