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Washington Life & Disability Insurance Exam Simulator Questions and Answers (Latest Update 2024)
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Washington Life & Disability Insurance Exam Simulator Questions and Answers (Latest Update 2024)
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Washington Life & Disability InsuranceExam Simulator Questions and Answers
(Latest Update 2024)
An insured was injured as an innocent bystander when
someone committed a felony. The insurer is - Correct
Answer ✅ liable for the loss
A whole life insurance policy accumulates cash value that
becomes - Correct Answer ✅ the policy loan value which
the insured may borrow against
What may be the result of replacing an existing life insurance
policy with a new one? - Correct Answer ✅ Surrender
charge
How soon can the benefit payments begin with a deferred
annuity? - Correct Answer ✅ A minimum of 12 months
after date of purchase
In what part of an insurance policy are policy benefits found?
- Correct Answer ✅ Declarations
,Washington Life & Disability Insurance
Exam Simulator Questions and Answers
(Latest Update 2024)
What does the word "level" in Level Term describe? - Correct
Answer ✅ the Face amount
Which settlement option pays a stated amount to an
annuitant, but no residual value to a beneficiary? - Correct
Answer ✅ life income
Kathy pays a monthly premium on her health insurance
policy. How long is her grace period? - Correct Answer ✅
10 days
An example of endodontic treatment is a - Correct Answer
✅ root canal
Any transaction in which new life insurance is purchased and,
as a result, the existing life insurance will be surrendered is
called - Correct Answer ✅ replacement
,Washington Life & Disability Insurance
Exam Simulator Questions and Answers
(Latest Update 2024)
An insurer must submit all policy forms and applications to
the Commissioner at least __ days before they can be used. -
Correct Answer ✅ 30 days
HIPAA considers which of the following as "individually
identifiable health information"? - Correct Answer ✅ A
person's health claim information
David submits a $500 claim for medical expenses. There is a
past-due amount owed for insurance premiums of $200. As a
result, the insurer only pays $300 for the claim. This
deduction came as a result of which provision? - Correct
Answer ✅ unpaid provision
The open enrollment period for Medicare Supplements begins
at age - Correct Answer ✅ 65
If an insurer terminates a producer's appointment, it must
notify the Commissioner within ___ days of the termination. -
Correct Answer ✅ 30
, Washington Life & Disability Insurance
Exam Simulator Questions and Answers
(Latest Update 2024)
Written notice of a health (disability) insurance claim should
be given to the insurer within __ days after the occurrence of
any loss covered by the policy. - Correct Answer ✅ 20
Which of the following types of deductibles would apply a
single deductible to both medical and dental insurance
coverage? - Correct Answer ✅ integrated deductible
A change in an insurance application requires - Correct
Answer ✅ an initial made by the applicant
What are an applicant's statements concerning occupation,
hobbies, and personal health history regarded as? - Correct
Answer ✅ representation
Which of these individuals would require continuing
education? - Correct Answer ✅ Resident Producer
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