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2024 NORTH CAROLINA LIFE AND HEALTH STATE EXAM SIMULATOR WITH CORRECT ANSWERS $13.99   Add to cart

Exam (elaborations)

2024 NORTH CAROLINA LIFE AND HEALTH STATE EXAM SIMULATOR WITH CORRECT ANSWERS

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  • Course
  • NORTH CAROLINA LIFE AND HEALTH STATE
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  • NORTH CAROLINA LIFE AND HEALTH STATE

2024 NORTH CAROLINA LIFE AND HEALTH STATE EXAM SIMULATOR WITH CORRECT ANSWERS

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  • August 13, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NORTH CAROLINA LIFE AND HEALTH STATE
  • NORTH CAROLINA LIFE AND HEALTH STATE
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Elitaa
2024 NORTH CAROLINA LIFE AND
HEALTH STATE EXAM SIMULATOR
WITH CORRECT ANSWERS


Which statement is TRUE regarding a group accident & health policy issued
to an employer? - CORRECT ANSWERS-- The employer receives the policy
and each employee is issued a certificate

Which of these is considered a true statement regarding Medicaid? -
CORRECT ANSWERS-- Funded by both state and federal governments

K has an Accidental Death and Dismemberment (AD&D) insurance policy
where her husband is beneficiary and her daughter is contingent beneficiary.
Under the Common Disaster clause, if K and her husband are both killed in
an automobile accident, where would the death proceeds be directed? -
CORRECT ANSWERS-- Daughter

M purchased an Accidental Death and Dismemberment (AD&D) policy and
named his son as beneficiary. M has the right to change the beneficiary
designation at anytime. What type of beneficiary is his son? - CORRECT
ANSWERS-- Revocable

Circulation of any oral or written statement or any pamphlet, circular, article,
or literature that is false or maliciously critical of or derogatory to the
financial condition of an insurer is known as - CORRECT ANSWERS--
Defamation

Every Group Health Policy providing benefits for chemical dependency
treatments must include, for the life of the contract, a - CORRECT ANSWERS--
Minimum benefit of $16,000

P and Q are married and have three children. P is the primary beneficiary on
Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R is
the contingent beneficiary. P, Q, and R are involved in a car accident and Q
and R are killed instantly. The Accidental Death benefits will be paid to: -
CORRECT ANSWERS-- P only

Which life insurance rider typically appears on a Juvenile life insurance
policy? - CORRECT ANSWERS-- Payor Benefit rider

, When an insured changes to a more hazardous occupation, which disability
policy provision allows an insurer to adjust policy benefits and rates? -
CORRECT ANSWERS-- Change of occupation provision

The funds used by the Life and Health Insurance Guaranty Association to
carry out its purpose are obtained from the - CORRECT ANSWERS-- Member
companies


What is the purpose of the Time of Payment of Claims provision? - CORRECT
ANSWERS-- Prevents delayed claim payments made by the insurer

Insurance agents MUST obtain a license from North Carolina's - CORRECT
ANSWERS-- Commissioner of Insurance

A life insurance policy can be reinstated upon meeting company
requirements within a maximum of - CORRECT ANSWERS-- 5 years

When funds are shifted straight from one IRA to another IRA, what
percentage of the tax is withheld? - CORRECT ANSWERS-- None

Which policy requires an agent to register with the National Association of
Securities Dealers (NASD) before selling? - CORRECT ANSWERS-- Variable
Life

Which of these characteristics is consistent with a Straight Life policy? -
CORRECT ANSWERS-- Premiums are payable for as long as there is insurance
coverage in force

If a company accepts a renewal premium payment that would extend
coverage beyond the policy's MAXIMUM age limit, the company - CORRECT
ANSWERS-- Must continue the coverage to the end of the period of time for
which the premium was accepted

Making false statements about the financial condition of another insurance
company is called - CORRECT ANSWERS-- Defamation

The Accidental Death and Dismemberment (AD&D) provision in a life
insurance policy would pay additional benefits if the insured: - CORRECT
ANSWERS-- Is blinded in an accident

Insurers organized under the laws of North Carolina are called - CORRECT
ANSWERS-- Domestic companies

A young, married teacher has two children and owns a Whole Life policy. If
the teacher wants an increasing Death Benefit to protect against inflation,

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