CT Revision Exam Questions And Already Passed Answers.
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Course
CT 109890
Institution
CT 109890
A life insurance policy owner would like a dividend option that results in a limited current outlay of funds. Which dividend option would be chosen?
- Paid-up additions
- Accumulation at interest
- 1-year term
- Reduction of premium payment - Answer Reduction of premium payment
When a hea...
CT Revision Exam Questions And
Already Passed Answers.
A life insurance policy owner would like a dividend option that results in a limited current outlay of
funds. Which dividend option would be chosen?
- Paid-up additions
- Accumulation at interest
- 1-year term
- Reduction of premium payment - Answer Reduction of premium payment
When a health insurance policy includes a Mandatory Second Surgical Opinion provision, the insured
must
- cover the cost of the second opinion
- seek a second opinion for all surgeries
- seek a second opinion for specified elective surgeries
- seek a second opinion for emergency surgery - Answer seek a second opinion for specified elective
surgeries
During the early years of a whole life insurance policy, the cash value will normally be
- equal to the total premiums paid
- more than the total premiums paid
- less than the total premiums paid
- unavailable as a policy loan - Answer less than the total premiums paid
Which of the following types of insurers limits the exposures it writes to those of its owners?
- Restricted insurer
- Limited insurer
- Confined insurer
,- Captive insurer - Answer Captive insurer
A prepaid dental plan has an agreement in place with a network of dentists which
- allows the dentists to determine the deductible and coinsurance amounts
- accepts an established amount as payment in full for the dental services rendered
- requires all the dentists to be located within the same state
- must cover 100% of all orthodontic treatments - Answer accepts an established amount as payment
in full for the dental services rendered
Life settlement proceeds may be subject to the claims of
- creditors
- adjusters
- insurers
- beneficiaries - Answer creditors
In Connecticut, a temporary license may be issued for a period not to exceed _____ days
- 30
- 45
- 90
- 180 - Answer 180
Long Term Care policies will usually pay for eligible benefits using which of the following methods?
- Delayed
- Fee for service
- Expense incurred
- Respite - Answer Expense incurred
Medicare Part A does NOT provide coverage for
- inpatient room and board
, - prescriptions administered while an inpatient
- the first 3 pints of blood
- skilled nursing facility care - Answer the first 3 pints of blood
Which of the following statements about universal life insurance is NOT true?
- Death benefit can be increased
- Premiums are flexible
- Universal life insurance normally has a minimum guaranteed cash value for the duration of the policy
- The cash value interest rate must equal or exceed a guaranteed minimum value - Answer Universal
life insurance normally has a minimum guaranteed cash value for the duration of the policy
Respite Care coverage is typically found in a(n)
- HMO
- PPO
- Long Term Care Policy
- Major Medical Expense Policy - Answer Long Term Care policy
Which of these is NOT a standard provision in qualified long-term care policies sold in Connecticut?
- 30-day free look period
- Guaranteed renewability
- Prior hospitalization
- Provide minimum coverage for 12 consecutive months - Answer Prior hospitalization
How can a group dental insurer discourage adverse selection?
- Allow pre-existing conditions
- Eliminate deductibles and coinsurance
- Extend open enrollment period
- Limit the duration of Coverage - Answer Limit the duration of coverage
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