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MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!! $59.49   Add to cart

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MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!

MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE 2024!!MISSOURI LIFE & HEALTH INSURANCE EXAM BUNDLE...

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Missouri Life and Health Insurance Questions & Answers(RATED A+)

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Insurance transaction includes: -ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract -ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT...

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Life and Health Insurance Exam (Missouri)Questions 100% Aswered!!

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Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud -ANSWER Performance is conditioned upon a future occur...

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Missouri Life and Health Exam Questions & Answers 100% Correct

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In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review proce...

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missouri life accident and health exams Correct 100%

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any transaction which new life insurance or a new annuity is purchased - ANSWERReplacement is the company that issuse the new policy - ANSWERReplacing insurer is the company whose policy is being replace - ANSWERExisting insurer that is signed by both the applicant and the producer a copy m...

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Final Exam-Missouri Life and Health Correct 100%

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Which of the following types of care is typically not covered in a Long-Term Care policy -ANSWER Accupuncture S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with minimum level or risk. Which product would S...

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Missouri Life and Health Insurance Final Exam Questions 100% Solved!!

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Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? -ANSWER policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until Feb...

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Missouri Life and Health Insurance State Exam Simulator- 200+ questions With Correct Solutions!!

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J's Major Medical policy has a $2000 deductible and an 80/20 coinsurance clause. If J is hospitalized and receives a bill for $10,000, j would pay -ANSWER 3,600 (2k + 20% of thr remaining bill) Life insurance that covers an insured's whole life with level premiums paid over a limited time is ca...

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MO Life & Health Exam Questions & Answers(GRADED A+)

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Accelerated Benefits -ANSWER Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident -ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance -ANSWER A type of in...

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MO Health and Life Insurance Exam Correct 100%

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Adverse Selection -ANSWER insuring of risks that are more prone to losses than the average risk agent/producer -ANSWER legal representative of insurance company producer -ANSWER includes agents and brokers agent -ANSWER agent of the insurer applicant -ANSWER a person applying for insuran...

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Missouri Life and Health Insurance State Exam Questions & Answers(SCORED A+)

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The accelerated death benefit provision in a life insurance policy is also known as a(n): -ANSWER Living benefit. Under an individual health insurance policy, the time limit of certain defenses provision states that nonfraudulent misstatements first become incontestable two years: -ANSWER from th...

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Missouri Life and Health (Law)Accurate 100%

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The Director has power and authority to make all reasonable rules and regulations for the following: - ANSWER1)Regulate the international affairs of the Department of Insurance. 2)Prescribe forms and procedures to be followed in proceedings before the Department. 3)Aid in the interpretation of an...

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Missouri Life Insurance Exam Questions & Answers 100% Correct

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401(k) Plan -ANSWER A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment -ANSWER Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A t...

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Missouri Life Insurance Questions 100% Solved

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Term life -ANSWER Insurance provides pure death protection since it only pays a death benefit if the insured dies during the policy term. Term life insurance does not accrue cash value Whole life -ANSWER Insurance provides death benefits for the entire life of the insured. It also provides living...

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Missouri Life Accident and Health Insurance Producer (OP12-MO54) License Exam Correct 100%

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Refers to the location, or jurisdiction, where an insurer is formed or incorporated. -ANSWER Domicile Which of the following is an insurance company that is organized under the laws of another state within the United States? -ANSWER Foreign The USA Patriot Act was passed as a result of -ANSWE...

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MISSOURI LIFE & HEALTH INSURANCE EXAMFX #1 Questions & Answers(SCORED A+)

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What is the maximum period of time during which an insurer may contest fraudulent misstatements made in a health insurance application? A: 90 days after the effective policy date B: 6 months after the effective policy date C: 1 year after the effective policy date D: As long as the po...

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Missouri Health & Life |Practice Test 1 Questions & Answers 100% Correct

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Which of the following entities has the authority to make changes to an insurance policy? -ANSWER Insurers executive officer What is the purpose of a conditional receipt? -ANSWER It is intended to provide coverage on a date prior to the policy issue When a disabled dependent child reaches the ...

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MO Life Accident and Health Insurance Producer Questions & Answers(RATED A+)

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An employee who owns an individual disability income policy is injured in an automobile accident and files proof of loss with the insurance company. Under the payment of claims provision in the policy, the company will likely pay the policy benefits to the A: Insured's employer B: Insured'...

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Life Insurance Exam Missouri Correct 100%

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Requirements for the life insurance illustrations -ANSWER They may only be used as approved, they must identify non guaranteed values, they must differentiate between guaranteed and projected amounts Which life insurance settlement option guarantees payments for the lifetime of the recipient, but...

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Life and Health MO state laws Questions 100% Solved!!

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Which of the following is not a penalty for refusing to testify in a department hearing? -ANSWER The circuit court may impose a civil penalty up to 50,000 for each violation Which of the following is NOT a duty of the director of insurance? -ANSWER does not create insurance laws, instead has auth...

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Missouri Health insurance Questions 100% cORRECT

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Consideration -ANSWER something of value that each party gives to the other Warranty -ANSWER absolutely true statement upon which the validity of the policy rests Representation -ANSWER statements believed to be true to the best of one's knowledge but not guaranteed to be true. misrepresen...

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Missouri life insurance exam practice Questions & Answers 100% Correct

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When an employer terminate coverage under a group policy, how long is that coverage in force? - ANSWER31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. - ANSWERThe p...

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Final Exam - Missouri Life Only Accurate 100%

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Which unfair trade practice involves making false statements about the financial condition of another insurance company? -ANSWER Defamation When must insurable interest exist for a life insurance contract to be valid? -ANSWER Inception of the contract Which of the following statements about no...

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Missouri Life & Health Insurance Correct 100%

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The ______ branch writes and passes state insurance laws, or statutes, to protect the insuring public. -ANSWER Legislative A life insurance applicant 's answers on the application indicate that they in good health. In fact, the applicant actually has a disease that they are not aware of. The sta...

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Missouri life insurance exam practice Questions & Answers(RATED A+)

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When an employer terminate coverage under a group policy, how long is that coverage in force? -ANSWER 31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. -ANSWER The p...

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Life and Health Insurance Missouri Correct 100%

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The Federal Fair Credit Reporting Act -ANSWER Regulates Consumer Reports, also known as consumer investigative reports, or credit reports. Premium Reciept -ANSWER When an agent collects the initial premium from the applicant the agent should issue the applicant a $2,500 -ANSWER What is the max...

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Missouri Health Insurance Questions With Correct Answers!!

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An agent is ready to deliver a policy to an applicant but has not yet received payment. Upon delivery, the agent collects the applicant's premium check, answers any questions the applicant may have, and then leaves. What did he forget to do? -ANSWER Ask her to sign a statement of good health An ...

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Chapter Exam - Missouri Laws and Rules Correct 100%

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For coverage of low protein modified food products for treatment of PKU or any inherited disease of amino and organic acids, a health plan may require a reasonable copayment or coinsurance, not to exceed -ANSWER 50% of the cost of the formula or food products Which of the following is a requireme...

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Missouri laws of life and health insurance Correct 100%

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Director does financial examination of insurers every -ANSWER 5 years Age to apply for producer license -ANSWER 18 To reinstate expired license w/o taking exam -ANSWER 12 months CE required every 2 years -ANSWER 16 credit hours CE required in ethics, state law and producer duties -ANSWER...

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Life & Health Exam Questions & Answers 100% Correct

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First-dollar basis - ANSWERAnother term used to describe "no deductible" is Revocable - ANSWERAn insured wants to name her husband as the beneficiary of her health policy. She also wishes to retain all of the rights of ownership. The insured should have her husband named as what type of benefic...

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MO Insurance Exam Chapter 1Correct 100%

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A policyowner's consideration is the: -ANSWER Premiums paid and representations on the application In order for a contract to be legal, both parties must be: -ANSWER Competent Aleatory Contract -ANSWER The exchange of value is unequal. Estoppel -ANSWER A legal impediment to denying a fact ...

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Examination for Missouri Insurance Producer's License Questions & Answers 100% Correct

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Abstract of Title - ANSWERA summary of public records relating to the title to a particular tract of land. Acknowledgement - ANSWERA formal declaration before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his own act and deed...

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Health and life insurance exam pt 5 Questions & Answers 100% Accurate

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cease and desist - ANSWERto stop and discontinue commission - ANSWERpayment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Exempt - ANSWERnot subject to an obligation Home state - ANSWERinsurer's headquarters, principal place of busi...

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MO State laws Insurance Questions 100% Solved!!

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Which of the following is NOT a penalty for refusing to testify in a Department hearing? Being held in contempt Being required to appear before the Director Being assessed a civil penalty up to $5,000 per violation Being ordered to testify in circuit court -ANSWER Being assessed a civil penalty ...

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Life, Health and Accident Insurance Exam and Notes Questions With Correct Solutions!!

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When completing the application, the agent would be expected to do all of the following EXCEPT? -ANSWER Set the final rates for the new policy If after completing the application the agent finds that a question was missed. The agent should? -ANSWER Schedule another appointment with the applicant ...

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Life & Health Insurance Exam Study Correct 100%

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A qualified Long-Term Care Policy may exclude losses incurred from preexisting conditions for no longer than ______ months from the effective date of coverage. 6 8 3 12 -ANSWER A Every LTC Policy that provides benefits of homecare or community-based services shall provide all of the following...

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Missouri Insurance Test Questions 100% Correct!!

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Tenants in Common - Passed to surviving heirs - ANSWERTenants do not have right of survivor ship. If a tenant dies, ownership is passed to the surviving heirs. Joint Tenancy - Right of Survivorship - ANSWERA form of concurrent ownership, which occurs when two or more persons own a single estate ...

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Missouri Laws & Rules Questions 100% Solved!!

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A health insurance policy application may ONLY be altered with the written consent of the -ANSWER Applicant All of these statements concerning a licensee's responsibility for premiums received are true EXCEPT -ANSWER The licensee shall hold them in a fiduciary capacity before transmitting them t...

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Missouri Statues, Rules and Regulations Pertinent to Health Only Correct 100%

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Mandatory Standard Provisions - ANSWEREntire contract including endorsements and attached papers 2 year time limit on certain defenses Reinstatement- if no decision is made within 45 the policy is automatically reinstated Notice of claim- 20 days Claims Forms- 15 days of the notice Proof of los...

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Life and Health Insurance Correct 100%

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Credit Life Insurance - ANSWERWritten in connection with loans and credit transactions Graded Death Benefits - ANSWERDows not pay full face amount of insurance at the insured's death until after a specific period has passed, usually 2-3 years. Universal Life Insurance - ANSWERFeatures insuran...

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Missouri laws and rules Questions & Answers(RATED A+)

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The Director has the power and authority - ANSWER1.) Regulate the internal affairs of the Department of Insurance 2.) Prescribe forms and procedures to be followed in proceedings before the Department 3.) Aid in the interpretation of any state insurance law 4.) Withdraw or amend any rule or regul...

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Chp. 8 Missouri Laws and Rules Pertinent to Insurance Correct 100%

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Which of these is a TRUE statement regarding the regulatory authority of the DIrector? A.) The Director may mandate the financial restructuring of insolvent producers B.) The Director may levy fines on policy applications to defray operating costs C.) The Director may establish guidelines for con...

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MO guarantee exam Correct 100%

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an insured was seriously injured in a skiing accident that required him to be hospitalized for 5 weeks. his medical expense policy covered all of the following EXCEPT - ANSWERloss of income while hospitalized once the initial benefit on Medicare part D is reached, how is the beneficiary affected?...

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Missouri P&C License Exam Correct 100%

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Which of the following liability exposures is most likely for a small specialty clothing retail boutique? A Completed operations liability exposure B Premises liability exposure C Operations liability exposure D Product liability exposure - ANSWERPremises liability exposure Under the covera...

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Missouri State Exam Simulator - 145 Questions Weighted Exam, Missouri Life and Health Insurance State Exam Simulator- 200+ questions Correct 100%

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Convincing a prospective insured to buy an insurance policy based on exaggerations is called - ANSWERMisrepresentation A nondisabled individual is first eligible for a Medicare Supplement policy at age - ANSWER65 In a qualified retirement plan, the yearly contributions to an employee's accoun...

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MO State insurance exam Questions 100% Answered!!

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Capital Sum - ANSWERthe sum that is paid upon the loss of 1 limb or sight in 1 eye What are the main activities of daily living(ADL)? - ANSWERbathing, continence, dressing, eating, toileting, and transferring Hospital income and indemnity - ANSWERa type of health insurance policy that pays its...

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