Tentamen (uitwerkingen)
Connecticut Life and Health Insurance Exam Questions And 100% Correct Answers
- Vak
- Instelling
Connecticut Life and Health Insurance Exam Questions And 100% Correct Answers ...
[Meer zien]Voorbeeld 3 van de 19 pagina's
Voorbeeld 3 van de 19 pagina's
In winkelwagen
Voorbeeld van de inhoud
Connecticut Life and Health Insurance Exam Questions And 100%Correct Answers 2025-2026
A producer has told a prospective client that the life insurance being offered is covered
by the Connecticut Life and Health Insurance Guaranty Association. The action of the
producer is - ANSWER "Prohibited by law". It is prohibited by law to indicate to a
prospective client that the life insurance policy you are offering is covered by the
Connecticut Life and Health Guaranty Association.
Which of the following does NOT involve a life settlement transaction? ANSWER
Converting term life coverage to whole life insurance. the business of life settlements
includes all of these except "Converting term life coverage to whole life insurance.".
Life settlement brokers shall NOT - ANSWER Effectuate settlements prior to being
issued a license. Life settlement brokers shall be licensed prior to effecting any life
settlement transaction. the exception to this would be certain eligible financial
professionals.
A producer must complete____credit hours of continuing education for each licensing
period. - ANSWER 24 hours. Before license renewal, every two years, all insurance
agents are required to successfully complete 24 credit hours of continuing education.
Three of those hours must be in ethics.
A life insurance policy provision that has the ability to reduce the death benefit is called
the - ANSWER Accelerated (living) benefit. Whatever amount is withdrawn from an
accelerated benefit will be deducted from the face amount when death occurs.
A corporation's officer borrows several unsecured loans from the corporation's
qualified retirement plan. For which of the following rules does the plan violate? -
ANSWER Exclusive benefit rule. The assets held in a company's qualified retirement
plan must be held for the exclusive benefit of the employees and their beneficiaries.
A source of supplemental income for a life insurance policyowner may be derived from
,the - ANSWER Cash value. Cash value may be used as a source to supplement a
policyowner's income.
Buying insurance is a form of risk - ANSWER Transference. Buying insurance is an
example of risk transference.
Which of the following best describes a single premium whole life policy? - ANSWER
Paid-up policy that provides lifetime protection. A single premium whole life policy is
immediately paid-up and provides lifetime protection.
Which of the following is a circumstance under which funds can be deposited into a
rollover IRA? - ANSWER An employee quits her job and takes $50,000 distribution from
her qualified plan.
Medical costs are reduced in birthing centers by using - ANSWER Certified nurse
midwives. Birthing centers reduce medical costs by the use of certified nurse midwives.
What is a a "functional assessment" for long-term care benefits? - ANSWER A review of
the insured's ability to perform the activities of daily living. A "functional assessment"
determines the insured's ability to perform the activities of daily living (ADLs)
John buys a deferred annuity on Mary. John changes the contract years later, naming
Tom as recipient of the proceeds in the event of Mary's death. Who is the annuitant for
this contract? - ANSWER Mary. In this example, Mary is the annuitant since that is where
the proceeds of the annuity would go.
When does the producer give a premium receipt for a life insurance application? -
ANSWER "When the initial premium has been paid with the application". An applicant is
given a premium receipt when the initial premium is paid with the application.
Which of the following statements is true about the hospital preadmission certification
for an emergency? - ANSWER Notification must be provided after the insured has been
admitted to the hospital. Preadmission certification for a hospital generally requires that
notification be provided after the patient has been admitted to the hospital due to some
, sort of emergency-type situation. In non-emergency situations, notification is to be
provided BEFORE the individual is admitted.
Needs approach to personal life insurance planning may involve the creation of a lump
sum to provide for all of the following EXCEPT - ANSWER "Employee benefits". The
needs approach to personal life insurance planning may involve creating a lump sum to
provide for all of these EXCEPT employee benefits.
For tax purposes, how are the premiums of an individually-owned disability income
policy treated? ANSWER Not tax-deductable at all. Premiums for individually-owned
disability income policy are not tax-deductable at all.
Which of the following must clearly be illustrated in ALL sales material for market value
adjusted annuities ? - ANSWER The market value adjustment can be either upward or
downward. Sales material used in the marketing of market value adjusted annuities in
Connecticut must clearly illustrate that the market value can be either upward or
downward.
Why do insurers insist that a minimum number of employees participate in a group
insurance plan? - ANSWER Minimize adverse selection. The larger the group to be
insured, the more predictable will be the expected losses from the group.
The administrator for the premiums collected from the members of such a group is
normally used by a reciprocal insurer. An attorney-in-fact is the administrator of a
reciprocal insurer who is responsible for the administration of premiums collected from
that particular group's members.
How are qualified Roth IRA distributions normally treated for tax purposes? - ANSWER
Received income tax-free. Under a Roth IRA, distributions that are qualified in nature
are normally received income tax-free.
Which of the following is usually a type of group credit life insurance? - ANSWER
Decreasing term insurance
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Easton. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor $15.99. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 62890 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen
