Exam (elaborations)
MARYLAND LIFE AND HEALTH INSURANCE (ACTUAL) 2024 QUESTIONS AND ANSWERS
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MARYLAND LIFE AND HEALTH INSURANCE (ACTUAL) 2024 QUESTIONS AND ANSWERS
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MARYLAND LIFE AND HEALTH INSURANCE (ACTUAL)Which of the following is not a reason in the government provides insurance? -
ANSWERS-Reduce fraudulent claims
Jose recently had his long-term care policy replaced with a new policy. The new
long-term care policy may NOT impose a(n) - ANSWERS-new pre-existing
conditions exclusion
Which of these policy is considered to be a comprehensive health policy -
ANSWERS-Major medical policy
A retirement plan that sets aside part of the company's net income for
distributions to qualified employees is called - ANSWERS-Profit sharing plan
Which of these is not an unfair claims settlement practice - ANSWERS-Offering to
settle a claim by arbitration
Why were Exchanges implemented by the Affordable Care Act (ACA)? - ANSWERS-
To create a one-stop market for standardized health insurance plans
Which of these is not an advantage of term life insurance - ANSWERS-A cash
benefit will be provided if the insured is alive at the end of the policy period
,Which of the following is associated with an immediate annuity - ANSWERS-Lack
of an accumulation period
Which of the following relationships demonstrates insurable interest in the
absence of economic interest - ANSWERS-Marriage partners
Which of these noncontributory group would a claim likely result in the payment
of federal income taxes - ANSWERS-Disability income
When issuing disability income coverage on a substandard risk, an insurance
company may - ANSWERS-shorten the benefit period
Which of these is not considered to be an unfair trade practice - ANSWERS-
Reinsurance
The automatic premium loan provision can be accurately described as a -
ANSWERS-provision that provides a policy loan to pay any premiums by the end
of the grace period
Which individual would be best suited for Medicare supplement insurance -
ANSWERS-Medicare enrollee
How long can an insurer legally defer paying the cash value of a surrendered life
insurance policy - ANSWERS-6 months
, Which report contains information regarding an individual's general reputation
and credit standing? - ANSWERS-Consumer report
Which of the following regulates the quality of care provided by a health
maintenance organization (HMO)? - ANSWERS-Secretary of the department of
health and mental hygiene.
A marketing system, which utilizes mass media advertising and mail, instead of a
producer, is called an blank, blank marketing system. - ANSWERS-Direct response
An insurer is life insurance premium rate must be the same for all individuals -
ANSWERS-In the same risk class with equal life expectancy
Which of these annuity contract features is meant to discourage withdrawals and
exchanges? - ANSWERS-Surrender charges
Which of these is not used as selection criteria in the underwriting process of a
life insurance application? - ANSWERS-national origin
Which of the following is not a condition that must be met for an accidental death
benefit to be paid? - ANSWERS-Cause of death must be from a job-related injury
Julie is in need of assistance with one or two activities of daily living. She may be
eligible for a(n) - ANSWERS-assisted living facility
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