Health and Life Insurance 4 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Health and Life Insurance
Institution
Health And Life Insurance
A policyowner is reading a statement on the first page of his health insurance policy, which
says "this is a limited policy." What is the name of this statement?
-:- Limited Policy Notice
What is the main purpose of the regulation on life insurance policy illustrations?
-:- To help customers...
Health and Life Insurance 4 Questions &
100% Correct Answers- Latest Test | Graded
A+ | Passed
A policyowner is reading a statement on the first page of his health insurance policy, which
says "this is a limited policy." What is the name of this statement?
✓ -:- Limited Policy Notice
What is the main purpose of the regulation on life insurance policy illustrations?
✓ -:- To help customers make educated decisions in buying life insurance
This state provides for a temporary license for all of the following EXCEPT
✓ -:- A producer's retirement.
What authority issues a Cease and Desist Order?
✓ -:- The Director of the Department of Consumer and Business Services
Most LTC plans have which of the following features?
✓ -:- Guaranteed renewability
In a group policy, who is issued a certificate of insurance?
If a life insurance policy develops cash value faster than a seven-pay whole life contract, it is
✓ -:- A Modified Endowment Contract.
As it pertains to group health insurance, COBRA stipulates that
✓ -:- Group coverage must be extended for terminated employees up to a certain
period of time at the former employee's expense
When a person applies for Medicare supplement insurance, whose responsibility is it to
confirm that the applicant does not already have accident or sickness insurance in force?
✓ -:- Insurer
Which of the following statements is an accurate comparison between private and
government insurers?
✓ -:- Private insurers may be authorized to transact insurance by state insurance
departments.
All of the following are true about Group Disability Income insurance EXCEPT
2|Page | Grade A+| 2024/2025
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