Missouri Life And Health Insurance License State L
Missouri Life and Health Insurance License State L
Exam (elaborations)
Missouri Life and Health Insurance License State Laws Verified A+
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Course
Missouri Life and Health Insurance License State L
Institution
Missouri Life And Health Insurance License State L
Missouri Life and Health Insurance License State Laws Verified A+
1. In Missouri, the insurer must keep a copy of all replacement documents for what period of time? - ️ 5 years
2. Which of the following is not a required provision of the group health policy? - ️ Incontestable clause applies...
Missouri Life and Health Insurance License State Laws Verified A+
1. In Missouri, the insurer must keep a copy of all replacement documents for what period of time?
- ✔️ 5 years
2. Which of the following is not a required provision of the group health policy?
- ✔️ Incontestable clause applies after the policy has been in force 3 years
3. The Missouri Life and Health Insurance Guaranty Association's primary purpose is to provide
protection for which of the following?
- ✔️ Policyowners and beneficiaries if an insurer becomes insolvent
4. An insurer can pay commissions to any agent, except which of the following?
- ✔️ Agent who assumes less than 5% of the insurance risk
5. Producers in Missouri are held responsible in a __________ capacity for any money collected from an
insured.
- ✔️ Fiduciary
6. A producer's license may be revoked or suspended for all of these reasons, except:
- ✔️ Being charged with a felony
7. An administrator of a utilization review program must be which of the following?
- ✔️ Medical doctor
8. Which of the following is incorrect regarding Variable products issued in Missouri?
- ✔️ 3-year reinstatement period
, 9. In Missouri, an LTC policy MAY do which of the following?
- ✔️ Be terminated for non-payment of premium
10. Which of the following statements is true regarding the LTC disclosure provisions?
- ✔️ Preexisting conditions or diseases are not covered
11. Which of the following is NOT one of the requirements of health insurance grievance procedures in
this state?
- ✔️ The insurer must acknowledge a grievance, in writing, within 30 days
12. Which of the following is provided by the insurer if the insured declines the nonforfeiture benefit?
- ✔️ Contingent benefit
13. LTC premium increases will cease when the insured reaches what age?
- ✔️ 65
14. Which of the following statements best describes an insurer's use of advertisements for a Medicare
supplement policy?
- ✔️ Ads for Medicare supplement coverage must first be approved by the Director
15. An example of ___________ is charging a lower rate to one individual who lives in a certain
geographic location in which others are charged the correct higher rate.
- ✔️ Unfair discrimination
16. Health policies in Missouri may exclude pre-existing conditions within what period of time, prior to
the effective date of coverage?
- ✔️ 12 months
17. A health policy must cover a newborn child for how many days after birth?
- ✔️ 31 days
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