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NJ Life and Health State Exam Questions.
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NJ Life and Health State Exam Questions.
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NJ Life and Health State Exam QuestionsThe type of policy where the insurer can send a notice to the insured that the policy has
been cancelled in the middle of the term is called?
Cancelable
3 multiple choice options
A policyowner can receive a percentage payment of the death benefits prior to death by
using what kind of contract?
Viatical Settlement Agreement
3 multiple choice options
Part A Hospital expense coverage provided under Medicare is automatically made available
to each of the following EXCEPT
A 70 year old NOT eligible for Social Security
3 multiple choice options
A permanent life insurance policy where the policyowner pays premiums for a specified
number of years is called a
Limited Pay Policy
3 multiple choice options
Before conducting an HIV related test, an insurer is REQUIRED to obtain written
authorization from the
Proposed Insured
3 multiple choice options
Under a non-qualified annuity, interest is taxed after the
Exclusion ratio has been calculated
3 multiple choice options
Which of the following situations would be suitable for a temporary work authority?
When an applicant passes a licensing examination and answers all background questions
negatively
3 multiple choice options
All of the following are typically sources of underwriting information for life or health
insurance EXCEPT
Disclosure authorization response
3 multiple choice options
, A branch office registration form is required to be filed at least _____ days before selling
insurance out of that branch
30
3 multiple choice options
Health insurance advertisements that mention statistical information are required by New
Jersey law to
Accurately convey all pertinent facts
3 multiple choice options
When does an immediate annuity begin making payments?
After the first premium has been paid
3 multiple choice options
In group health care, what is the purpose of the coordination of benefits provision?
Determines what is paid by the primary and secondary insures in the event of a claim
3 multiple choice options
Under the New Jersey Continuance of benefits Law, notice to extend coverage is required
within how many days of a qualifying events?
30 days
3 multiple choice options
How do interest earnings accumulate in a deferred annuity?
On a tax-deferred basis
3 multiple choice options
The New Jersey Temporary Disability Benefits law
Provides non-occupational disability benefits
3 multiple choice options
During the solicitation of a Life policy, when must an insurer must furnish a prospective buyer
with a Buyer's Guide and a Policy Summary?
Seven days before the initial premium is accepted
3 multiple choice options
Under the subrogation clause, legal action can be taken by the insurer against the
responsible third party
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