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Final exam- Vermont life and health questions with correct answers. 167 Questions and Correct Answers, 2024. CA$19.43   Add to cart
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Final exam- Vermont life and health questions with correct answers. 167 Questions and Correct Answers, 2024.
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Final exam- Vermont life and health questions with correct answers. 167 Questions and Correct Answers, 2024. Which of the following is NOT a basic underwriting action for accident and health insurance? Removing uniform policy provisions Long-term care policies will usually pay for eligible ben...

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  • March 21, 2024
  • 14
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • final exam vermont life and health questions with

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  • Vermont
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Final exam- Vermont life and health questions
with correct answers. 167 Questions and Correct
Answers, 2024.
Which of the following is NOT a basic underwriting action for accident and health insurance?

Removing uniform policy provisions

Long-term care policies will usually pay for eligible benefits to using which of the following methods

Expense incurred

T is covered by an accidental death and dismemberment (AD&D) policy that contains an irrevocable
beneficiary. What action will the insurance company take if T requests a change of beneficiary?

Request of the change will be refused

Which of these do NOT indicate the presence of insurance interest in a life insurance contract

Lifelong friendship

When an individual is planning to protect his family with life insurance one method of doing so is
called needs analysis what exactly does needs analysis involve?

Establishes the needs of the individual and his dependents

Which of these is not a factor that influences group health insurance underwriting?

Physical exams of group members

Which one of these is not considered to be an element of an insurable risk

Speculative risk

Newborn children are automatically covered under an existing family medical plan at the moment of
birth for a period of at least (# days)

31

Under what circumstances does an accident and health insurance have the right to request an autopsy

We're not prohibited by state law

Which of these annuity contract features is meant to discourage withdrawals and exchanges?

Surrender charges

Under a deferred annuity, which contract feature initially charges a 5-10% fee that eventually reduces
to $0 after a stated amount of time?

surrender charge

, Which of the following is an example of defamation?

Making a statement that is false or maliciously critical of the financial condition of an insurer

Which report contains information regarding an individual's general reputation and credit standing?

Consumer report

How are the premiums for an individually-owned disability income policy treated for tax purposes?

Not tax-deductible at all

Which of these is NOT an underwriting responsibility of a life insurance agent?

Determining the final rate classification

Disability income policies provide protection for which of the following

Economic death

Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit for this injury. What
type of insurance does Mike have?

Accidental Death and Dismemberment

The reason for backdating a policy is

to obtain a premium rate based on an earlier age

According to ERISA regulations, a Summary Plan Description must be provided to a new plan member
within ___ days of the member's eligibility date.

90

A licensee who is required to take continuing education must complete 24 hours of continuing
education, which includes ___ hour(s) of ethics courseworks?

3

Group life insurance is typically issued as

level term insurance

What is it in insurance contract that identifies individuals by relationship to a specific organization

Group insurance

Insurance producer Kelly offers a $500 shopping card if a client purchases an insurance product
through her. What is this an example of?

Rebating, which is an unfair trade practice

In a disability buy-sell agreement, the policies funding the agreement are owned by the

Business entity

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