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Life + Health insurance Test – Questions/Answers
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Life + Health insurance Test – Questions/Answers
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Life + Health insurance Test – Questions/Answers4 Correct Ans - A Licensed broker who participates in a national
insurance association may get, from the Commissioner, how many
continuing education credits?
Producer, with the applicant's initials Correct Ans - Who is allowed
to make changes to the application?
The average age of the group Correct Ans - All of the following are
ways in which a Major Medical policy premium is determined EXCEPT
Errors and Omissions Correct Ans - What type of insurance
protects producers when they are sued for professional negligence in their
duties and are sued by insureds as a result?
Blackout Period Correct Ans - In terms of Social Security, what is
the interval spanning between the day when the youngest child of a family
turns 16 and before the surviving spouse?
100 Correct Ans - For how many days of skilled nursing facility
care will Medicare pay benefits?
Executive is the owner and the Executive pays the premium Correct
Ans - Who is the owner of the policy and who pays the premium in an
Executive Bonus Plan?
Industrial life Correct Ans - Ken has a life insurance policy with a
face amount of $500. He pays a premium each week to the agent who sold
him the policy. What kind of policy?
Exemptions periods. Correct Ans - Even though "sickness" is a peril
covered by a health insurance policy, coverage may be limited or excluded
because of all of the following EXCEPT
75% Correct Ans - The maximum amount than can be contributed
to an MSA is what percentage of the family deductible for those with family
coverage?
, It would not occur in a deferred annuity. Correct Ans - Which of the
following is NOT true regarding the accumulation period of an annuity?
Executive bonus plan Correct Ans - Which of the following is an
example of a non-qualified retirement plan?
2 Correct Ans - Every small employer carrier shall, as a condition of
transacting business in this state with small employers, actively offer to
small employers at the basic
Economic inflation Correct Ans - Which of the following would
most directly affect purchasing power of benefits paid on fixed annuity?
Both create an immediate payment upon the death of the insured.
Correct Ans - Which of the following accurately compares business and
personal life insurance?
Suggesting negotiations in settling the claim Correct Ans - All of the
following are unfair claims settlement practices EXCEPT
An individual who was previously covered by group health insurance for 6
months is eligible Correct Ans - Under HIPPAA, which of the
following is INCORRECT regarding eligibility requirements for conversion
to an individual policy?
Must appear as a separate paragraph and be clearly labeled. Correct
Ans - In a long-term care policy, pre-existing condition limitations
Application Correct Ans - What is the term used for an applicant's
written request to an insurer for the company to issue a contract, based on
the information provided?
Presuming the applicant is eligible for Medicaid, based on the nature of the
policy Correct Ans - Which of the following is NOT among the goals
of a Medicare Supplement application?
90 days Correct Ans - US Armed Forces reservists called to active
duty after August 21, 1990, who were covered under a disability policy
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