Final exam- Vermont life and health Questions With 100% Verified Answers
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Course
Vermont life and health
Institution
Vermont Life And Health
Final exam- Vermont life and health
Questions With 100% Verified Answers
Which of the following is NOT a basic underwriting action for accident and health insurance? -
answerRemoving uniform policy provisions
Long-term care policies will usually pay for eligible benefits to using which of the f...
Disability income policies provide protection for which of the following - answer✔Economic
death
Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit for this
injury. What type of insurance does Mike have? - answer✔Accidental Death and
Dismemberment
The reason for backdating a policy is - answer✔to obtain a premium rate based on an earlier age
According to ERISA regulations, a Summary Plan Description must be provided to a new plan
member within ___ days of the member's eligibility date. - answer✔90
A licensee who is required to take continuing education must complete 24 hours of continuing
education, which includes ___ hour(s) of ethics courseworks? - answer✔3
Group life insurance is typically issued as - answer✔level term insurance
What is it in insurance contract that identifies individuals by relationship to a specific
organization - answer✔Group insurance
Insurance producer Kelly offers a $500 shopping card if a client purchases an insurance product
through her. What is this an example of? - answer✔Rebating, which is an unfair trade practice
In a disability buy-sell agreement, the policies funding the agreement are owned by the -
answer✔Business entity
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