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Final Exam - South Carolina Life and Health Insurance 2024 $9.49   Add to cart

Exam (elaborations)

Final Exam - South Carolina Life and Health Insurance 2024

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  • - South Carolina Life and Health Insur
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  • - South Carolina Life And Health Insur

The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - CORRECT ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - CORRECT ANSW...

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  • April 30, 2024
  • 12
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • - South Carolina Life and Health Insur
  • - South Carolina Life and Health Insur
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Final Exam - South Carolina Life and
Health Insurance 2024

The branch of dentistry which deals with the replacement of missing parts is called

Endodontics
Periodontics
Orthodontics
Prosthodontics - CORRECT ANSWER-Prosthodontics

How many months can a life insurance policy normally be backdated from the date of
application?


3
6
9
12 - CORRECT ANSWER-6

HIPAA considers which of the following as "individually identifiable health information"?
- CORRECT ANSWER-A person's health claim information

Which of the following is NOT taken into consideration when determining eligibility for
Medicare benefits? - CORRECT ANSWER-Income

What is the primary factor that determines the benefits paid under a disability income
policy? - CORRECT ANSWER-wages

All of the following are functions of an insuring clause EXCEPT - CORRECT ANSWER-
Primarily describes the free-look period

The Fair Credit and Reporting Act's main purpose is to - CORRECT ANSWER-protect
consumers with guidelines regarding credit reporting and distribution

What is known as the immediate specific event causing loss and giving rise to risk? -
CORRECT ANSWER-Peril

Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March 14,
1980. When does her license renew? - CORRECT ANSWER-March 31, 2014

, Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - CORRECT ANSWER-Human life value
approach

In South Carolina, which of the following statements is TRUE regarding a licensed
individual changing his or her legal name? - CORRECT ANSWER-The producer must
notify the Department upon changing his or her legal name

Which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary? - CORRECT ANSWER-interest
only

What would happen if a life insurance applicant is given a conditional receipt from an
insurance agent and then dies the next day? - CORRECT ANSWER-Claim will be paid
if application is approved

In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of
a cash surrender value of an annuity? - CORRECT ANSWER-6 months

Which of these is affected by the frequency of an insurance policy's premium
payments? - CORRECT ANSWER-Cost

In an insurance contract, the insurer is the only party legally obligated to perform.
Because of this, an insurance contract is considered - CORRECT ANSWER-unilateral

Which of these licensees MUST be appointed in order to conduct insurance business? -
CORRECT ANSWER-Producer

A master contract and certificate of coverage can be found in which type of policy? -
CORRECT ANSWER-Group

Jonas is a whole life insurance policyowner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? -
CORRECT ANSWER-Child term rider

The MAXIMUM time period that an eligible employee can be excluded from coverage
under a group health policy as a late enrollee is - CORRECT ANSWER-18 months

A Medicare Supplement policy must NOT contain benefits which - CORRECT
ANSWER-duplicate Medicare benefits

In what form do disability income policies typically pay benefits? - CORRECT
ANSWER-Periodic income

How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy? - CORRECT ANSWER-6 months

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