L&HCaliforniaeasy
California Insurance Code § 106 classifies which of the following as 'disability insurance'?
A policy insuring against bodily injury, disablement, or death by accident, and against sickness
BA whole life policy paired with a waiver-of-premium rider triggered by total disability
CA fixed deferred annuity contract that accumulates value at a guaranteed interest rate
DA property and casualty contract covering direct physical loss to a residential dwelling and its contents
Why this is the answer
In California statutory taxonomy, 'disability insurance' is the umbrella term for accident, sickness, and disablement coverages. It is broader than what most consumers picture (DI income replacement) — it includes major medical, hospital indemnity, AD&D, and short/long-term DI. A WL waiver-of-premium rider is part of a life policy (§ 101). A fixed deferred annuity is also life-class. A dwelling policy is property/casualty.
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