Sc life and health final Questions With Solutions 100% Correct
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Course
South Carolina Property And Casualty Insurance
Institution
South Carolina Property And Casualty Insurance
Sc life and health final Questions With
Solutions 100% Correct
What kind of life insurance policy covers two or more people with the death benefit payable
upon the last person's death ?
O Dual Life insurance
Joint Life insurance
Last Survivor Life insurance
O Shared Life insurance Last...
Sc life and health final Questions With
Solutions 100% Correct
What kind of life insurance policy covers two or more people with the death benefit payable
upon the last person's death ?
O Dual Life insurance
Joint Life insurance
Last Survivor Life insurance
O Shared Life insurance Last survivor life insurance
An insurer may exclude preexisting conditions on a Medicare Supplement policy for _ months
06
08
O 10
012 6
Which approach predicts a person's earning potential and determines how much of that amount
would be devoted to dependents ?
O Future value approach
O Earnings approach
, Sc life and health final Questions With
Solutions 100% Correct
O Needs approach
O Human life value approach Human life value approach
A policyowner suffers an injury that renders him incapable of performing one or more important
job duties . Any decrease in income resulting from this injury would make him eligible for
benefits under which provision ?
O Partial disability
O Nondisabling injury
O Presumptive disability
O Flat amount disability Partial disability
What is the automatic continuance of insurance coverage referred to as ?
renewal
O reinstatement
O resumption
O renovation Renewal
Which type of annuity stops all payments upon the death of the annuitant ?
, Sc life and health final Questions With
Solutions 100% Correct
O Life annuity
O Period certain annuity
O Cash refund annuity
O Joint and survivor annuity Life annuity
An example of an Unfair Claim Settlement Practice is
O making it mandatory that proof of loss be provided for each claim
O failing to provide a reasonable basis for the denial of a claim upon request
O requiring a time limit for submitting a claim
O paying a claim in a timely matter Failing to provide a reasonable basis for the denial of
a claim upon request
Which of these gaps in Medicare coverage is addressed with Medicare Supplemental Insurance ?
O Medicare in - hospital deductible
O Dental work
O Nutritional supplements
O Chiropractic care Medicare in - hospital deductible
, Sc life and health final Questions With
Solutions 100% Correct
A hospital or medical expense policy will typically cover dental treatment expenses under which
circumstance ?
O After the annual limit of a dental policy's coverage is reached
O Dental treatment is needed to repair an injury
O Cosmetic dental treatment is performed
O If treatment is performed at a in - network provider Dental treatment is needed to repair
an injury
A certificate of authority is issued by the
O Department of Insurance
NAIC
Governor
OU.S. Attorney General Department of insurance
One role of the Director is to
O set sales quotas
O enforce state insurance laws
arbitrate claims
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