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2024 MARYLAND LIFE AND HEALTH INSURANCE LICENSING EXAM WITH 100% CORRECT ANSWERS $13.99   Add to cart

Exam (elaborations)

2024 MARYLAND LIFE AND HEALTH INSURANCE LICENSING EXAM WITH 100% CORRECT ANSWERS

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2024 MARYLAND LIFE AND HEALTH INSURANCE LICENSING EXAM WITH 100% CORRECT ANSWERS

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  • August 13, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MARYLAND LIFE AND HEALTH INSURANCE LICENSING
  • MARYLAND LIFE AND HEALTH INSURANCE LICENSING
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2024 MARYLAND LIFE AND
HEALTH INSURANCE LICENSING
EXAM WITH 100% CORRECT
ANSWERS

Paul is an employee who caught a disease unique to the trade in which he
was exposed to. Paul has a(n)

genetic predisposition
worksite malady
contagious disease
occupational disease - CORRECT ANSWERS-Occupational disease

Major Medical expense plans provide coverage for each of the following
EXCEPT - CORRECT ANSWERS-Work-related injuries

The act of using misrepresentation to induce an insured person to terminate
an existing policy and purchase a new policy is referred to as - CORRECT
ANSWERS-Twisting

How soon can the benefit payments begin with a deferred annuity? -
CORRECT ANSWERS-A minimum of 12 months after date of purchase

Coordination of Benefits regulation applies to all of the following plans
EXCEPT - CORRECT ANSWERS-Preferred Provider Organization plan

After an insured gives notice of loss, what must he/she do if the insurer does
not furnish forms? - CORRECT ANSWERS-File written proof of loss

Which of these factors help determine an insured's life insurance premium? -
CORRECT ANSWERS-Avocation (hobby)

The Life and Health Guaranty Corporation provides funds to carry out its
powers and duties by assessing - CORRECT ANSWERS-Member insurers

Lifetime protection - CORRECT ANSWERS-A limited payment whole life policy
provides

, Which dividend option would an insurer invest the policyowner's money and
add any interest earnings as the dividends accrue? - CORRECT ANSWERS-
Accumulation at Interest Option

An interest-sensitive life insurance policyowner may be able to withdraw the
policy's cash value interest free. The provision that allows this is called -
CORRECT ANSWERS-Partial Surrender

A life insurance policyowner was injured in an automobile accident which
results in a total and permanent disability. Which rider would pay a monthly
amount because of this disability? - CORRECT ANSWERS-Disability income
rider

All of the following are considered to be nonforfeiture options available to a
policyowner EXCEPT - CORRECT ANSWERS-Reduction of Premium

The typical long-term care insurance policy is designed to provide a
minimum of __ year(s) of coverage - CORRECT ANSWERS-1

Which of these is a method of determining the level of funds required for
ongoing support in the event of the breadwinner's death? - CORRECT
ANSWERS-Human life value

The focus of major medical insurance is providing coverage for - CORRECT
ANSWERS-Medical and hospitalization expenses

An employee under a group insurance policy has the right to name a
beneficiary and the right to - CORRECT ANSWERS-Convert to an individual
policy in the event of employment termination

All _____ policies must be guaranteed renewable - CORRECT ANSWERS-Long-
term care

A nonparticipating company is sometimes called a(n) - CORRECT ANSWERS-
Stock insurer (Because policyholders do not participate in dividends resulting
from stock ownership)

An example of risk sharing would be - CORRECT ANSWERS-Doctors pooling
their money to cover malpractice exposures

Which of the following is INELIGIBLE to participate in a Section 125 Plan? -
CORRECT ANSWERS-An S-Corp Owner with a greater than 2% share


Decreasing term life - CORRECT ANSWERS-The least expensive option to pay
off a 30-yea mortgage balance would be?

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