life and health insurance Bundled Exams with Complete Solution | Verified | Guaranteed Success Updated & Verified | 2024

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? Upon completion of the application Who elects the governing body of a mutual insurance company? policyholders An insurance applicant MUST be informed of an investigation regard...

Which of these characteristics is consistent with a Straight Life Policy? Premiums are payable for as long as there is insurance coverage in force Which of the following are Equity Indexed annuities typically invested in? S&P 500 Which of the following does Social Security NOT provide benefits fo...

What type of reinsurance contract involves two companies automatically sharing their risk exposure? Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called reserves When third-party ownership is in...

T owns an Accident & Health policy and notifies her insurance company that she has chosen a less hazardous occupation. Under the Change of Occupation provision, which of the following actions may her insurance company take? Increase her policy's coverage amount When an insurer issues a policy th...

Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They ...

Under a long-term care inflation rider, the benefit levels periodically increase without proof of insurability In order for a health plan to be an "accountable health plan", who has to approve it? the director Medicare Part A coinsurance payments are covered by Medicare Supplement Plan A Emplo...

Any administrative action taken against a producer MUST be reported to the director within ___ days after the final disposition. 30 How many days notice does the Affordable Care Act require insurers to give before rescinding coverage? 30 According to the Affordable Care Act, new health Insurance...

When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after 9:00 PM A health plan offered by private insurance companies is...