(a) A life licensee is a person authorized to act as a life agent on behalf of a life insurer or a disability insurer to transact any of the following:
(1) Life insurance.
(2) Accident and health insurance.
(3) Life and accident and health insurance.
(b) Licenses to act as a life agent under this chapter shall be of the types as set forth in Section 1626.
(c) A life agent may be authorized to transact 24-hour care coverage, as defined in Section 1749.02, pursuant to the requirements of subdivision (d) of Section 1749 or subdivision (b) of Section 1749.33.