Life + Health insurance Test| 60 questions| with complete solutions
3 views 0 purchase
Course
Life + Health insurance
Institution
Liberty University
4 Correct Answer: A Licensed broker who participates in a national insurance association may get, from the Commissioner, how many continuing education credits?
Producer, with the applicant's initials Correct Answer: Who is allowed to make changes to the application?
The average age of the g...
life health insurance test| 60 questions| with complete solutions
Written for
Liberty University
Life + Health insurance
All documents for this subject (2)
Seller
Follow
Classroom
Reviews received
Content preview
Life + Health insurance Test| 60 questions| with
complete solutions
4 Correct Answer: A Licensed broker who participates in a national insurance association may
get, from the Commissioner, how many continuing education credits?
Producer, with the applicant's initials Correct Answer: Who is allowed to make changes to the
application?
The average age of the group Correct Answer: All of the following are ways in which a Major
Medical policy premium is determined EXCEPT
Errors and Omissions Correct Answer: What type of insurance protects producers when they are
sued for professional negligence in their duties and are sued by insureds as a result?
Blackout Period Correct Answer: In terms of Social Security, what is the interval spanning
between the day when the youngest child of a family turns 16 and before the surviving spouse?
100 Correct Answer: For how many days of skilled nursing facility care will Medicare pay
benefits?
Executive is the owner and the Executive pays the premium Correct Answer: Who is the owner
of the policy and who pays the premium in an Executive Bonus Plan?
Industrial life Correct Answer: Ken has a life insurance policy with a face amount of $500. He
pays a premium each week to the agent who sold him the policy. What kind of policy?
Exemptions periods. Correct Answer: Even though "sickness" is a peril covered by a health
insurance policy, coverage may be limited or excluded because of all of the following EXCEPT
75% Correct Answer: The maximum amount than can be contributed to an MSA is what
percentage of the family deductible for those with family coverage?
It would not occur in a deferred annuity. Correct Answer: Which of the following is NOT true
regarding the accumulation period of an annuity?
Executive bonus plan Correct Answer: Which of the following is an example of a non-qualified
retirement plan?
2 Correct Answer: Every small employer carrier shall, as a condition of transacting business in
this state with small employers, actively offer to small employers at the basic
Economic inflation Correct Answer: Which of the following would most directly affect
purchasing power of benefits paid on fixed annuity?
, Both create an immediate payment upon the death of the insured. Correct Answer: Which of the
following accurately compares business and personal life insurance?
Suggesting negotiations in settling the claim Correct Answer: All of the following are unfair
claims settlement practices EXCEPT
An individual who was previously covered by group health insurance for 6 months is eligible
Correct Answer: Under HIPPAA, which of the following is INCORRECT regarding eligibility
requirements for conversion to an individual policy?
Must appear as a separate paragraph and be clearly labeled. Correct Answer: In a long-term care
policy, pre-existing condition limitations
Application Correct Answer: What is the term used for an applicant's written request to an
insurer for the company to issue a contract, based on the information provided?
Presuming the applicant is eligible for Medicaid, based on the nature of the policy Correct
Answer: Which of the following is NOT among the goals of a Medicare Supplement
application?
90 days Correct Answer: US Armed Forces reservists called to active duty after August 21,
1990, who were covered under a disability policy provided by their employers duty if they apply
within how many days of discharge?
MEWAs are groups of at least 3 employers. Correct Answer: All of the following statements
describe a MEWA EXCEPT
Antibiotics Correct Answer: Which of the following hospice expenses would NOT be covered
in a cost-containment setting?
At the time of application Correct Answer: When must an insurance company present an outline
of coverage to a person?
Fraternal insurer Correct Answer: An organization that, in addition to other activities, provides a
formal insurance plan to its members is classified as a
This rider is available to all insured Correct Answer: All of the following are true regarding the
guaranteed insurability rider EXCEPT
Medicaid Correct Answer: Which of the following programs expands individual public
assistance programs for people with insufficient income and resources?
Taxes are deferred Correct Answer: Which of the following best describes taxation during the
accumulation period of an annuity?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
