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Missouri Life and Health Insurance Final Exam questions and answers graded A+ 2025/2026
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Missouri Life and Health Insurance Final Exam questions and answers graded A+ 2025/2026
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Missouri Life and Health Insurance FinalExam
Whose hobby is being protected through the enactment of " The Replacement of Life Insurance
and Annuities" law? - ANSpolicyowner
Q implemented for life coverage and submitted the initial premium on January 1. The coverage
become issued February 1, but it became now not delivered through the agent till February 7. Q
is upset and returns the policy February thirteen. How will the insurer cope with this case? -
ANSpolicy became back with the "loose look" length, premium could be fully refunded
Which of the subsequent policies is characterized via a flexible top class and dying gain and
permits policyowner manipulate of the investment thing of the plan? - ANSvariable regularly
occurring lifestyles
Which announcement regarding third birthday party ownership of a life insurance coverage is
true? - ANSit is used considerably in property making plans in addition to enterprise occasions
P is an worker who quits her process and desires to convert her institution fitness coverage to
an character policy. After the expiration of COBRA legal guidelines, which of the subsequent
statements is TRUE? - ANSShe DOES want to provide evidence of insurability
Which of the following statements is CORRECT concerning tax treatment of a lump sum price
paid to a lifestyles insurance coverage's primary beneficiary? - ANSall proceeds are earnings
tax loose in the yr they may be received
Q is seriously injured in an vehicle coincidence and becomes completely disabled. How many
months ought to Q be disabled before being capable of apply for Social Security incapacity
advantages? - ANS5 months
Agent J takes an utility and preliminary top rate from an applicant and sends the application and
top class test to the insurance enterprise. The coverage business enterprise returns the take a
look at back to J because the test is made out to J instead of the insurance enterprise. What
action need to J take? - ANSreturn to the consumer, accumulate a new check made out to the
insurance organisation, and send the brand new test out to the coverage agency
Which of the following statements is accurate regarding an corporation/employee institution
fitness plan? - ANSemployer gets master policy and personnel acquire certificates
,Which of those is a TRUE announcement regarding how Missouri law recognizes an association
eligible for group insurance? - ANSthe affiliation need to NOT have no longer been the prepared
for the cause of acquiring insurance
In Missouri, an A&H policy that is paid on a monthly foundation requires a grace period of at
LEAST ? - ANSten days
The medical insurance program which is administered by using every state and funded through
both federal and sate governments is known as? - ANSMedicaid
Which of the subsequent statements about collected interested earned on dividends from an
coverage coverage is TRUE? - ANStaxed as normal profits
A manufacturer is circulating wrong statistics about the benefits of a coverage. This producer
can be found responsible of? - ANSmisrepresentation
Under an Individual Health Insurance coverage, the Time Limit of Certain Defenses provision
states that nonfraudulent misstatements firs emerge as incontestable years - ANSfrom the date
the policy turned into issued
What group time period life characteristic permits an character to go away from the group and
continue to be blanketed without offering evidence of insurability? - ANSconversion
An insured's inability to perform two or extra sports of each day residing can also trigger which
sort of coverage rider? - ANSlong term care
What declaration approximately complete existence policy is actual? - ANScash cost may be
borrowed towards
Information acquired from a smartphone communication to the proposed insured can be
observed wherein of these reports? - ANSinspection report
The section of an insurance settlement which restrict insurance are known as - ANSexclusions
K didn't pay a renewal premium inside the time granted by means of the insurer. K then sends in
a charge which the insurer eventually accepts. Which coverage provision specifies that
insurance can be restored in this situation? - ANSreinstatement
The benefit of reinstating an original existence coverage is? - ANSthe charges are based on a
younger age
Prior to a manufacturer's license being revoked, a hearing have to be held. Prior to this listening
to, the director of insurance is REQUIRED to present? - ANSwritten notice to the producer
, At the age of forty five, an individual withdraws $50,000 from his Qualified Profit-Sharing Plan
and then deposits this amount right into a personal savings account. This motion might result in
- ANSincome tax and a 10% penalty assessed upon price range withdrawn from the certified
plan
Convincing a prospective insured to shop for an coverage coverage based totally on
exaggerations is called - ANSmisrepresentation
Which of the following provisions prohibits an coverage corporation from incorporating external
files into an insurance coverage? - ANSentire contract
Which of the subsequent BEST describes a Hospital Indemnity policy? - ANScoverage that
pays a said quantity consistent with day of a blanketed hospitalization
When a collection twist of fate and health coverage is issued to an enterprise - ANSa policy is
issued to the employer and a certificate is issued to every worker
Health rules that incorporate insurance for low protein modified food products for treatment of
PKU or any inherited sickness of amino and natural acids require a coinsurance NOT to exceed
of the value of method or meals merchandise? - ANS50%
The suicide provision for lifestyles guidelines could observe to? - ANSsubsequent increase in
benefits
can be described as "making an unfair assessment of two insurance rules"? -
ANSmisrepresentation
Which tax could an IRA participant be subjected to on distributions obtained previous to age fifty
nine half? - ANSordinary profits tax and a ten% tax penalty for early withdrawals
Which provision lets in a portion of any used medical blessings to be restored following a
particular quantity of benefit has been used, or after the policy has been in effect for a specific
time period? - ANSrestoration of used advantage
S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance
company did now not reply to the declare. S can take prison action towards the insurer starting -
ANSNovember 1
Which kind of agreement liquidates an property via recurrent payments? - ANSannuity
A disability elimination length is satisfactory described as a? - ANStime deductible
Medicare Part A and Part B do NOT pay for - ANSdental paintings
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