California Advances Nation’s First Smoke Damage Insurance Standards

California Insurance Commissioner Ricardo Lara and Assemblymember Mike Gipson have introduced legislation that could fundamentally reshape how wildfire smoke damage insurance claims are...
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Policy Provisions – Life Insurance Exam Prep



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-CHAPTERS-
0:00 – Intro
0:18 – Entire Contract (Policy, Application, Riders/Amendments)
1:45 – Insuring Clause
3:32 – Free Look Period
6:03 – Consideration
6:50 – Owner’s Rights + Parties Involved
9:50 – Assignment of Rights
11:52 – Beneficiary Types + Designations
13:40 – Revocable + Irrevocable Beneficiary
14:38 – Simultaneous Death Law / Clause
16:25 – Premium Payments
19:06 – Reinstatement
20:12- Incontestability
20:31 – Policy Loan
24:09 – Automatic Premium Loan
26:09 – Exclusions
27:30 – Suicide

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