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SOUTH CAROLINA LIFE AND HEALTH INSURANCE 2024 EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+$18.29
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SOUTH CAROLINA LIFE AND HEALTH INSURANCE 2024 EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
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Course
SOUTH CAROLINA LIFE AND HEALTH 2024
Institution
SOUTH CAROLINA LIFE AND HEALTH 2024
SOUTH CAROLINA LIFE AND HEALTH
INSURANCE 2024 EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /
ALREADY GRADED A+
SOUTH CAROLINA LIFE AND HEALTH
INSURANCE 2024 EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /
ALREADY GRADED A+
VERSION A
With respect to small group health benefit plans, a
carrier may discontinue coverage or may refuse to
renew such a plan if the employer -
....ANSWER...fails to pay the premium prior to the end
of the grace period
Continuous 24-hour care provided by licensed
medical professionals under the direct supervision
of a physician is called - ....ANSWER...skilled nursing
care
Justin is receiving disability income benefits from a
group policy paid for by his employer. How are these
,benefits treated for tax purposes? -
....ANSWER...Taxable Income
When can a policy no longer be cancelled for
nonfraudulent misstatements after its date of issue?
- ....ANSWER...2 years
Which of these factors is NOT taken into account
when determining an applicant's life insurance
needs? - ....ANSWER...automobile
The Director MUST give a MINIMUM of how many
days' notice of a disciplinary hearing? -
....ANSWER...30 days
Which of the following does Coordination of Benefits
allow? - ....ANSWER...Allows the secondary payor to
reduce their benefit payments so no more than 100%
of the claim is paid
When an insured has a major medical plan with first
dollar coverage, how does this impact the benefits
paid? - ....ANSWER...No deductible payment is
required
,What is the name of the provision which states that a
copy of the application must be attached to the policy
when issued? - ....ANSWER...Entire Contract
The responsibility for regulating the insurance
continuing education requirements and approving
insurance continuing education courses belongs to
the - ....ANSWER...Department of Insurance
Which of the following would disqualify a company's
retirement plan from receiving favorable tax
treatment? - ....ANSWER...It is temporary
An applicant intentionally lying to an insurance
company on an application in order to obtain a
cheaper premium is an example of -
....ANSWER...fraud
What guarantees that the statements supplied by an
insurance applicant are true? -
....ANSWER...Warranty
, What is involved when a life insurance policy has
been backdated? - ....ANSWER...Making the policy
effective on an earlier date than the present
Krissa purchases a 10-year level term life insurance
policy that has a death benefit of $200,000. Which of
these statements is true? - ....ANSWER...The face
amount and premium will remain constant over the
10-year period
Which of the following is NOT covered under long-
term care insurance in South Carolina? -
....ANSWER...Alcohol and drug addiction
Under a non-qualified annuity, interest is taxed after
the - ....ANSWER...exclusion ratio has been
calculated
Which type of plan would be most appropriate for an
individual on Medicare and is concerned that
Medicare will NOT pay for charges exceeding the
approved amount? - ....ANSWER...Medicare
supplement Plan F
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