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[Show more]Dwelling 
Dwelling Policy Coverage A 
Dwelling Policy Coverage D 
Dwelling Policy Coverage B 
Dwelling Policy Coverage E 
1 of 31 
Definition 
Dwelling: Insureds house and attached structures, attached garage and/or toolshed/construction 
materials on or next to dwelling. 
Homeowners Policy Coverage...
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Add to cartDwelling 
Dwelling Policy Coverage A 
Dwelling Policy Coverage D 
Dwelling Policy Coverage B 
Dwelling Policy Coverage E 
1 of 31 
Definition 
Dwelling: Insureds house and attached structures, attached garage and/or toolshed/construction 
materials on or next to dwelling. 
Homeowners Policy Coverage...
With respect to penalties and fines for noncompliance with the coverage requirements of the 
Patient Protection and Affordable Care Act, all the following statements are correct EXCEPT 
A retention tank leaks and floods a compartment 
does not cover this loss because of the contractual liability exc...
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Add to cartWith respect to penalties and fines for noncompliance with the coverage requirements of the 
Patient Protection and Affordable Care Act, all the following statements are correct EXCEPT 
A retention tank leaks and floods a compartment 
does not cover this loss because of the contractual liability exc...
In the context of liability insurance, __________________ refers to a doctrine by which a plaintiff must 
prove that the defendant's actions set in motion a relatively short chain of events that could have 
reasonably been anticipated to lead to the plaintiff's damages. 
Named Perils 
Proximate Ca...
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Add to cartIn the context of liability insurance, __________________ refers to a doctrine by which a plaintiff must 
prove that the defendant's actions set in motion a relatively short chain of events that could have 
reasonably been anticipated to lead to the plaintiff's damages. 
Named Perils 
Proximate Ca...
How much advance notice must insurance company give its policyholder if it does not intend to 
renew a personal auto policy 
At least 10 days 
20 business days 
At least 15 days 
At least 20 days 
1 of 99 
Term 
Larry, Brian, Susan, and Jennifer just started working for AllPro Insurance Company in T...
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Add to cartHow much advance notice must insurance company give its policyholder if it does not intend to 
renew a personal auto policy 
At least 10 days 
20 business days 
At least 15 days 
At least 20 days 
1 of 99 
Term 
Larry, Brian, Susan, and Jennifer just started working for AllPro Insurance Company in T...
Custodial Care provides these "low-tech" services that are designed to minimize, rehabilitate, or 
compensate for loss of _______________. 
Preserve health And prevent its further decline. 
Activities of daily living 
Custodial care. 
Loss of Independent physical or mental functioning. 
1 of 14 
T...
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Add to cartCustodial Care provides these "low-tech" services that are designed to minimize, rehabilitate, or 
compensate for loss of _______________. 
Preserve health And prevent its further decline. 
Activities of daily living 
Custodial care. 
Loss of Independent physical or mental functioning. 
1 of 14 
T...
How is increasing term life insurance normally sold? 
as an endorsement 
as a permanent insurance policy 
as a stand-alone term life insurance policy 
as a rider attached to a permanent life insurance policy 
as a rider attached to a permanent insurance policy 
annually renewable term rider 
from th...
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Add to cartHow is increasing term life insurance normally sold? 
as an endorsement 
as a permanent insurance policy 
as a stand-alone term life insurance policy 
as a rider attached to a permanent life insurance policy 
as a rider attached to a permanent insurance policy 
annually renewable term rider 
from th...
Pays health care provider for service and then submits a claim to the insurer for reimbursement 
Free Look Provision 
fee-for-service 
deductibles 
indemnity policy 
1 of 116 
Definition 
Share cost with a managed care provider 
Medicare Supplement Insurance 
Self-insurers 
commercial insurance comp...
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Add to cartPays health care provider for service and then submits a claim to the insurer for reimbursement 
Free Look Provision 
fee-for-service 
deductibles 
indemnity policy 
1 of 116 
Definition 
Share cost with a managed care provider 
Medicare Supplement Insurance 
Self-insurers 
commercial insurance comp...
Special Form. Insurance policy that provides insurance coverage for the structure of your home 
on an "open-peril" basis. 
Homeowners Coverage Forms: Ho - 2 
Homeowners Coverage Forms: Ho - 6 
Homeowners Coverage Forms: Ho - 4 
Homeowners Coverage Forms: HO - 3 
1 of 8 
Definition 
Renters insuran...
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Add to cartSpecial Form. Insurance policy that provides insurance coverage for the structure of your home 
on an "open-peril" basis. 
Homeowners Coverage Forms: Ho - 2 
Homeowners Coverage Forms: Ho - 6 
Homeowners Coverage Forms: Ho - 4 
Homeowners Coverage Forms: HO - 3 
1 of 8 
Definition 
Renters insuran...
certification to due business in that state 
Other insurance in this insurer 
Health care and managed care service providers 
Life income with terms 
Difference between Admitted and Non-admitted insurers 
1 of 180 
Definition 
Owned by stockholders whose stock can be publicly traded and pay dividend...
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Add to cartcertification to due business in that state 
Other insurance in this insurer 
Health care and managed care service providers 
Life income with terms 
Difference between Admitted and Non-admitted insurers 
1 of 180 
Definition 
Owned by stockholders whose stock can be publicly traded and pay dividend...
What is the primary reason why an insurance industry pundit has suggested that increased 
diversity in the insurance workforce would improve the insurance industry's image? 
d. Sally might personally benefit from the client's decision 
b. I agree to display this code at my workstation 
d. A divers...
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Add to cartWhat is the primary reason why an insurance industry pundit has suggested that increased 
diversity in the insurance workforce would improve the insurance industry's image? 
d. Sally might personally benefit from the client's decision 
b. I agree to display this code at my workstation 
d. A divers...
Jeannie tells Manuel, who is adjusting her claim, that she will take him out on a date, "show him a 
good time," and buy him breakfast if he overlooks an obscure but applicable exclusion in her 
policy and pays her claim. Manuel finds Jeannie attractive. What type of dilemma does Manuel 
face? 
Pr...
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Add to cartJeannie tells Manuel, who is adjusting her claim, that she will take him out on a date, "show him a 
good time," and buy him breakfast if he overlooks an obscure but applicable exclusion in her 
policy and pays her claim. Manuel finds Jeannie attractive. What type of dilemma does Manuel 
face? 
Pr...
sam spends 182 days in the hospital. at what point in her hospital stay will medicare part A no 
longer pay any benefits unless she draws from her lifetime savings reserve? 
12 months after the enrollment date 
after 90 days 
max benefit period under part A is 90 days 
10 days 
Nolan pays less for c...
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Add to cartsam spends 182 days in the hospital. at what point in her hospital stay will medicare part A no 
longer pay any benefits unless she draws from her lifetime savings reserve? 
12 months after the enrollment date 
after 90 days 
max benefit period under part A is 90 days 
10 days 
Nolan pays less for c...
Periods of ineligibility for Medicaid may be waived in cases of hardship. 
True 
False 
1 of 54 
Under current Medicaid rules, what is the look-back period for the transfer of assets? 
12 months 
24 months 
36 months 
60 months 
2 of 54 
Most LTC insurance policies are issued as guaranteed renewable...
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Add to cartPeriods of ineligibility for Medicaid may be waived in cases of hardship. 
True 
False 
1 of 54 
Under current Medicaid rules, what is the look-back period for the transfer of assets? 
12 months 
24 months 
36 months 
60 months 
2 of 54 
Most LTC insurance policies are issued as guaranteed renewable...
A life insurance underwriter may request an attending physician's statement (APS): 
for general information about any medical conditions not reported on the health section 
of the application 
to obtain the name of a doctor who knows how the medical condition in question is 
treated complete the AP...
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Add to cartA life insurance underwriter may request an attending physician's statement (APS): 
for general information about any medical conditions not reported on the health section 
of the application 
to obtain the name of a doctor who knows how the medical condition in question is 
treated complete the AP...
Four distinct levels of medical insurance coverage as stipulated by the Patient Protection and 
Affordable Care Act. 
The four metal levels, ranked by level of coverage: 
Platinum plan (best)—90% of expenses paid by plan/10% paid by insured 
Gold plan—80% plan/20% insured 
Silver plan—70% plan...
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Add to cartFour distinct levels of medical insurance coverage as stipulated by the Patient Protection and 
Affordable Care Act. 
The four metal levels, ranked by level of coverage: 
Platinum plan (best)—90% of expenses paid by plan/10% paid by insured 
Gold plan—80% plan/20% insured 
Silver plan—70% plan...
John's child must have his teeth straightened. His group dental policy covers 60 percent of 
orthodontic care, 100 percent of endodontic care, and 75 percent of periodontal care. What 
percentage of costs will the insurer pay for the child's care? 
50 percent 
60 percent 
75 percent 
100 percent 
...
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Add to cartJohn's child must have his teeth straightened. His group dental policy covers 60 percent of 
orthodontic care, 100 percent of endodontic care, and 75 percent of periodontal care. What 
percentage of costs will the insurer pay for the child's care? 
50 percent 
60 percent 
75 percent 
100 percent 
...
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Add to cartWEBCE QUESTIONS AND VERIFIED ANSWERS
Long Term Care occurs only in nursing facilities. 
True 
False 
1 of 49 
Term 
Which of the following most precisely defines the fundamentals of self-care and the basic tasks of 
life? 
Engaging in fair competition 
Activities of daily living 
To maintain functionality 
Definitions of disability 
2 ...
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Add to cartLong Term Care occurs only in nursing facilities. 
True 
False 
1 of 49 
Term 
Which of the following most precisely defines the fundamentals of self-care and the basic tasks of 
life? 
Engaging in fair competition 
Activities of daily living 
To maintain functionality 
Definitions of disability 
2 ...
Which statement about variable annuity subaccounts is NOT correct? 
Most deferred annuities apply surrender charges for all years after the contract is issued. 
Anita buys health insurance to protect herself in case of serious illness. 
the length of time that the insured must pay premiums 
The insu...
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Add to cartWhich statement about variable annuity subaccounts is NOT correct? 
Most deferred annuities apply surrender charges for all years after the contract is issued. 
Anita buys health insurance to protect herself in case of serious illness. 
the length of time that the insured must pay premiums 
The insu...
Kevin, the owner of ABC Contractors, is issued a commercial general liability policy by Speedy 
Insurance. The policy states that Speedy Insurance agrees to pay for all liability arising from 
bodily injury or property damage that occurs during the policy period. This is found in the 
______________...
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Add to cartKevin, the owner of ABC Contractors, is issued a commercial general liability policy by Speedy 
Insurance. The policy states that Speedy Insurance agrees to pay for all liability arising from 
bodily injury or property damage that occurs during the policy period. This is found in the 
______________...
Insurance is largely based on statistics, probabilities, and averages 
Law of Large Numbers 
Risk Transfer 
Adverse Selection 
Peril 
1 of 36 
Definition 
Process to determine a risk and at what rate 
Risk Control 
Underwriting 
Adverse Selection 
Exposure 
2 of 36 
Definition 
1. Covered loss must ...
Preview 4 out of 36 pages
Add to cartInsurance is largely based on statistics, probabilities, and averages 
Law of Large Numbers 
Risk Transfer 
Adverse Selection 
Peril 
1 of 36 
Definition 
Process to determine a risk and at what rate 
Risk Control 
Underwriting 
Adverse Selection 
Exposure 
2 of 36 
Definition 
1. Covered loss must ...
The period after the youngest child turns age 16, during which no Social Security benefits arepayable to a surviving spouse until he or she reaches age 60, is called the: 
blackout period 
early retirement period 
dependency period 
survivor period 
1 of 438 
Term 
Policyowners can withdraw the inte...
Preview 4 out of 150 pages
Add to cartThe period after the youngest child turns age 16, during which no Social Security benefits arepayable to a surviving spouse until he or she reaches age 60, is called the: 
blackout period 
early retirement period 
dependency period 
survivor period 
1 of 438 
Term 
Policyowners can withdraw the inte...
Buying life or health insurance is an example of which risk management 
technique? 
risk avoidance 
risk reduction 
risk retention 
risk transfer 
risk transfer 
What is the mathematical concept of probability that helps insurers 
estimate the statistical likelihood of mortality or morbidity 
losses...
Preview 4 out of 68 pages
Add to cartBuying life or health insurance is an example of which risk management 
technique? 
risk avoidance 
risk reduction 
risk retention 
risk transfer 
risk transfer 
What is the mathematical concept of probability that helps insurers 
estimate the statistical likelihood of mortality or morbidity 
losses...
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