Alabama State Life Insurance Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024

if lousie allows her whole life policy to lapse which nonforfeiture option shoild she elect to obtain the most life insurance protection? - Extended term option If administrative action is taken against you, or you are criminally prosecuted in another jurisdiction, you have how long to submit a notice to the Alabama commissioner? - 30 days How can 'key employee' disability income insurance purchased by business be used by the business - Both: temporary replace the key employee and as a salary continuation for the disabled key employee In health maintenance organizations (HMO's) the use of a primary care physician is common as part of - An out of network provider Under the typical coordination of benefits clause in group health insurance how is the primary coverage determined - The employee plan is primary and the other may be excess The entire contract provision stipulates - The entire contract includes the application A man applied for long term care policy. Three months earlier he was diagnosed with diabetes, can the LTC policy exclude future health problems linked with diabetes? - Yes, for 6 months