Exam (elaborations)
INDIANA LIFE AND HEALTH INSURANCE STATE EXAM (PART 3) QUESTIONS AND ANSWERS
- Course
- Institution
INDIANA LIFE AND HEALTH INSURANCE STATE EXAM (PART 3) QUESTIONS AND ANSWERS
[Show more]
Content preview
INDIANA LIFE AND HEALTH INSURANCESTATE EXAM (PART 3) QUESTIONS AND
ANSWERS
A life insurance application may be rejected on the basis of all of these EXCEPT: -
Answer-Gender
If a retiree on Medicare required five hospital stays in one year, which policy would
provide the best insurance for excess hospital expenses? - Answer-Medicare
supplement
When an insurance application is taken by a producer, which of these statements is
true? - Answer-Any changes made on the application require the applicant's initials
Which of the following BEST describes a Hospital Indemnity policy? - Answer-Coverage
that pays a stated amount per day of a covered hospitalization
Which of the following actions does the Insurance Commissioner NOT have the power
to conduct? - Answer-Activate insurance companies' financial reserves
Long term Care policies will usually pay for eligible benefits using which of the following
methods? - Answer-Expense incurred
Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - Answer-Subrogation
Which Unfair Competition Practice involves a producer suggesting that an insurance
policy is like a share of stock? - Answer-Misrepresentation
An individual who purchases a life annuity is given protection against: - Answer-The risk
of living longer than expected
Premature IRA distributions are assessed a penalty tax of - Answer-10%
Which of these describe a participating insurance policy? - Answer-Policyowners are
entitled to receive dividends
A policy loan is made possible by which of these life insurance policy features? -
Answer-Cash value provision
a 66 year old is covered under a group health plan while employed with a business that
has 40employees. If she injures herself while walking in the park, what coverage will be
considered primary? - Answer-Her group health plan
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 biggdreamer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now