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Utah Producer Life And Health Insurance Exam Questions With Answers 2024
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Utah Producer Life And Health Insurance Exam Questions With Answers 2024
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Utah Producer Life And Health InsuranceExam Questions With Answers 2024
What .happens .when .an .insurance .policy .is .backdated? .- .correct .answer.The .policy's
.effective .date .is .earlier .than .the .present
Standard .Exclusions .found .in .a .life .insurance .policies .- .correct .answer.Hazardous
.occupations
Aviation
War
Which .annuity .payout .option .makes .no .additional .payments .regardless .of .when .the
.annuitant .dies? .- .correct .answer.Life .only
In .an .employer-sponsored .contributory .group .Disability .Income .plan, .the .employer .pays
.60% .of .the .premium .and .each .employee .pays .40% .of .the .premium. .Any .income .benefits
.paid .are .taxed .to .the .employee .at .- .correct .answer.60% .of .the .benefit
Before .using .an .assumed .name .in .the .state .of .Utah, .a .producre .must .notify .- .correct
.answer.the .Commisioner
Under .group .health .insurance, .a .certificate .of .coverage .is .issued .to .the .- .correct
.answer.employee
In .an .immediate .annuity .with .a .single .premium, .the .annuitant .typical .recieves .benefi
.payments .within .- .correct .answer.1 .month
What .is .it .called .when .the .provider .is .paid .for .each .service .given .in .a .health .care .plan? .-
.correct .answer.fee-for-service
When .determining .whether .a .pre-existing .health .condition .applies .to .a .new .company
.group .health .plan, .you .cannot .have .more .than .a .___ .day .gap .without .previous .health
.insurance? .- .correct .answer.63 .days
An .applicant's .character .and .personal .habits .can .be .obtained .for .underwriting .purposes
.from .which .source? .- .correct .answer.Investigative .consumer .report
, examples .of .rebating .- .correct .answer.Returnign .premium .to .a .client .as .an .inducement
.for .purchasing .a .policy
Giving .something .of .value .to .an .insured .in .exchange .for .their .business
Offering .special .dividends
What .would .be .a .valid .reason .why .a .policy .premium .woud .be .higher .than .the .standard
.premium? .- .correct .answer.The .insured .does .not .meet .established .underwriting
.requirements
Low .frequency .diseases .can .be .exclusively .covered .by .what .kind .of .health .insurance
.policies? .- .correct .answer.Limited .policies
If .an .insured .dies .during .the .grace .period .with .no .premiums .paid .- .correct .answer.the
.policy .would .be .payable, .minus .the .premium .ammount
Loans .obtained .by .a .policyowner .against .the .cash .value .of .a .life .insurance .policy .- .correct
.answer.are .treated .as .taxable .income
all .long-term .care .policies .are .- .correct .answer.guaranteed .renewable
What .is .not .allowed .for .an .insurance .company .on .a .health .policy .that .contains .a
.guaranteed .renewable .premium .benefit? .- .correct .answer.Increase .the .premiums .on .an
.individual .basis
What .does .Medicare .part .D .cover .- .correct .answer.prescription .drugs
The .power .given .to .an .individual .producer .that .is .not .specifically .addressed .in .his/her
.contract .is .considered .what .type .of .authority? .- .correct .answer.Implied
The .gatekeeper's .role .when .used .by .an .HMO .is .- .correct .answer.obtaining .referrals .to
.specialists .from .primary .care .physicians
What .is .considered .to .be .a .point .of .serivice .(POS) .plan? .- .correct .answer.Managed .care
.plan
False .advertsing .would .include .- .correct .answer.An .insurer .exaggerating .its .dividends
At .what .point .may .a .producer .sell .insurance .for .an .insurer .- .correct .answer.after .being
.properly .appointed .by .the .insurer
Insurable .interest .does .not .occur .in .this .relationship .- .correct .answer.Business .owner .to
.client
What .is .the .purpose .for .having .an .accelarated .death .benefit .on .a .life .insurance .policy? .-
.correct .answer.it .allows .for .cash .advances .to .be .paid .against .the .death .benefit .if .the
.insured .becomes .terminally .ill
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