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WEBCE TEST 1 EXAM WITH ALL ANSWERS CORRECTLY UPDATED.
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WEBCE TEST 1 EXAM WITH ALL ANSWERS CORRECTLY UPDATED.
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WEBCE TEST 1 EXAM WITH ALLANSWERS CORRECTLY
UPDATED
Abby vlives vin vOhio, vwhere vshe vis vlicensed vas van vinsurance vproducer. vShe
vwants vto vapply vfor va vnonresident vlicense vin vPennsylvania. vWhich vof vthe
vfollowing vconditions vmust vshe vsatisfy?
vShe vmust vmove vto vPennsylvania.
vShe vmust vsurrender vher vOhio vlicense.
vShe vmust vbe vsponsored vby va vproducer vlicensed vin vPennsylvania.
vShe vmust vshow vher vOhio vlicense vis vin vgood vstanding. v- vcorrect vanswer-she
vmust vshow vher vOhio vlicense vis vin vgood vstanding
An vannuity vsettlement voption vwith va vlife vcontingency vis vone vthat:
vpays vannuity vbenefits vfor va vspecified vperiod vof vtime vwhether vthe vannuitant
vlives vor vdies vduring vthat vperiod.
vterminates vannuity vbenefit vpayments vif vthe vannuitant vis valive vupon vreaching
vhis vor vher vlife vexpectancy
vcontinues vannuity vbenefit vpayments vfor vas vlong vas vthe vannuitant vlives, veven vif
vit vsurpasses vthe vannuitant's vlife vexpectancy
vrequires vthere vto vbe vtwo vor vmore vannuitants vwho vwill vreceive vannuity vbenefit
vpayments vbefore vannuitization vis vpermitted v- vcorrect vanswer-continues vannuity
vbenefit vpayments vfor vas vlong vas vthe vannuitant vlives, veven vif vit vsurpasses vthe
vannuitants vlife vexpectancy
Which vgroup vhealth vplan vgives vemployers vthe vmost vflexibility vin vdesigning vand
varranging vthe vplan's vbenefits?
vexperience-rated vplans
vcommunity-rated vplans
,vgovernment vissue vplans
vparticipating vplans v- vcorrect vanswer-experience-rated vplans
An vinsurer vtypically vconsiders vall vof vthe vfollowing vduring vthe vunderwriting
vprocess vEXCEPT: v
vmedical vhistory
veducational vbackground
vmedical vexams
vlab vtests v- vcorrect vanswer-educational vbackground
Before vdelivering va vhealth vinsurance vpolicy vto va vclient, vthe vproducer valters vthe
vinsuring vclause vin va vway vthat vhe vbelieves vwill vbenefit vthe vinsurance vcompany.
vWhich vof vthe vfollowing vstatements vis vcorrect vregarding vthis valteration?
vIt vis vrequired vof va vdiligent vproducer.
vIt vis vprohibited vby vthe ventire vcontract vprovision.
vIt vis vpermitted vonly vwhen vit vis vin vthe vinsurer's vbest vinterests.
vIt vis vprohibited vunless vthe vinsured vagrees vto vit vin vwriting. v- vcorrect vanswer-it vis
vprohibited vby vthe ventire vcontract vprovision
Terry, vBella, vRaul, vand vPaulina veach vown va vwhole vlife vinsurance vpolicy. vWhich
vperson vwould vnot vbe vable vto vaccelerate vthe vbenefits vunder vtheir vpolicy?
vTerry, vwho vhas vcancer vand va vsix-month vlife vexpectancy
vBella, vwho vhas vmultiple vsclerosis
vRaul, vwho vbecame vpermanently vdisabled vfollowing va vwork vaccident
vPaulina, vwho vwas vinjured vin va vcar vaccident vbut vis vexpected vto vreturn vto vwork
vin va vmonth v- vcorrect vanswer-Paulina, vwho vwas vinjured vin va vcar vaccident vbut vis
vexpected vto vreturn vto vwork vin va vmonth
Horace vbuys va vMedicare vsupplement vinsurance vpolicy vbut vdecides vnot vto vkeep
vit. vHow vmany vdays vdoes vhe vhave vto vreturn vit vfor va vfull vrefund vof vthe
vpremium?
v10
v14
v21
v30 v- vcorrect vanswer-30 v
Medicare vhas va vfree-look vperiod vof v30 vdays
All vof vthe vfollowing vstatements vabout vannuities vare vgenerally vcorrect, vEXCEPT:
vAnnuities vare vnot vlife vinsurance.
vAnnuities vare vsold vby vlife vinsurance vagents vand vare vissued vby vlife vinsurance
vcompanies.
vThe vhistoric vpurpose vof vannuities vis vto vcreate vestates vover va vcertain vperiod.
, vAn vannuity vconverts va vsum vof vmoney vinto va vseries vof vincome vpayments. v-
vcorrect vanswer-the vhistoric vpurpose vof vannuities vis vto vcreate vestates vover va
vcertain vperiod
If va vretired vworker's vtotal vcombined vincome, vincluding vone-half vof vhis vor vher
vSocial vSecurity vbenefit, vexceeds va vthreshold vamount, vthen vup vto vwhat
vpercentage vof vbenefits vexceeding vthe vthreshold vare vtaxable?
v0 vpercent
v50 vpercent
v85 vpercent
v100 vpercent v- vcorrect vanswer-85%
Gene vis vinjured vwhile von vvacation. vHis vemployer's vgroup vdisability vplan vpays
vbenefits vfor vover vtwo vyears vbut vreduces vthe vamount vpaid vby vthe vbenefits vhe
vreceives vunder van vindividual vdisability vpolicy. vWhat vkind vof vgroup vcoverage
vdoes vGene vhave?
vgroup vshort-term vdisability vplan
vgroup voccupational vplan
vgroup vlong-term vdisability vplan
vgroup vpartial vdisability vplan v- vcorrect vanswer-group vlong-term vdisability vplan
these vare voccupational vor vnon-occupational
Nick's vpolicy vhas vbeen vcanceled vand vNick vhas vpaid va vpremium vthat vwas vnot
vdue. vUnder vthe vcancellation vprovision, vwhat vmust vthe vinsurer vdo?
vThe vinsurer vcan vapply vthe vpremium vto vother vcoverage vowned vby vthe vinsured.
vThe vinsurer vmust vreturn vit vto vNick.
vThe vinsurer vcan vkeep vit.
vNothing vunless vthe vinsured vfiles va vclaim vfor vthe vamount vowed. v- vcorrect
vanswer-the vinsurer vmust vreturn vit vto vNick
All vof vthe vfollowing vare vprohibited vinsurer vpractices vEXCEPT:
vaccessing vthe vMIB vrecords von van vapplicant vwithout vthe vapplicant's vapproval
vdeclining van vapplication vfor vlife vinsurance vbased von vgenetic vtesting vinformation
vobtained von vthe vproposed vinsured.
vfailing vto vnotify va vlife vinsurance vapplicant vthat vher vapplication vwas vdeclined
vbecause vof vinformation vobtained vin va vcredit vreport.
vinvestigating vinsurance vapplicants v- vcorrect vanswer-investigating vinsurance
vapplicants
The vfour vshareholders vof vABC vCorporation veach vown va v$1,000,000 vinterest vin
vthe vcompany vand venter vinto va vstock vredemption vagreement. vOne vof vthe
vshareholders vdies vsix vmonths vlater. vAll vthe vfollowing vstatements vregarding vthis
vscenario vare vcorrect vEXCEPT:
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