SC Life & Health Insurance 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 & Health Insurance Questions With
Solutions 100% Correct
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness improves a
month later. To what extent will he rec...
SC Life & Health Insurance Questions With
Solutions 100% Correct
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness improves a
month later. To what extent will he receive Presumptive Disability benefits?
a) Full benefits until the blindness lifts
b) No benefits
c) Full benefits
d)Partial benefits B) no benefits- only loss the use in one leg and because the blindness
was only temporary
Social Security was created to provide all of the following benefits EXCEPT
a) Retirement income
b) Unemployment income
c) Survivor's benefits
d) Disability income B) Unemployment income
Which of the following riders would NOT cause the Death Benefit to increase
a) Cost of Living Rider
, SC Life & Health Insurance Questions With
Solutions 100% Correct
b) Accidental Death Rider
c) Payor Benefit Rider
d) Guaranteed Insurability Rider c) Payor Benefit Rider - the payor benefit only pays the
premium if the payor is disabled or dies
In major medical insurance policies, when the insured's share of coinsurance reaches a certain
amount, the insured is no longer obligated to pay it. The feature is known as Stop-loss
A licensed producer may be fined for non willful violations of insurance laws with the following
respective fines $2,500/$5,000
an insurer may be fined for non willful or for willful violations of insurance laws with which of
the following respective fines $15,000/$30,000
Which renewal option does NOT guarantee renewal and allows the insurance company to refuse
renewal of a policy at any premium due date?
a) Noncancellable
b) Optionally renewable
, SC Life & Health Insurance Questions With
Solutions 100% Correct
c) Conditionally renewable
d) Guaranteed renewable B) Optionally renewable
It is a state program funded by state and federal taxes that provide medical care for the needy.
Medicaid
Which of the following is TRUE regarding the annuity period
a) It may last for the lifetime of the annuitant
b) During the period of time the annuity payments grow interest tax deferred
c) It is also referred to as the accumulation period
d It is the period of time during which the annuitant makes premium payments into the annuity
a) It may last for the lifetime of the annuitant
Which of the following is NOT covered under Plan A Medigap insurance?
a) The first three pints of blood each year
b) The Medicare Part A deductible
c) Approved hospital cost for 365 additional days after Medicare benefits end
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