Missouri Life and Health Insurance State
Exam Simulator- 200+ questions
J's Major Medical policy has a $2000 deductible and an eighty/20 coinsurance clause. If J is
hospitalized and receives a bill for $10,000, j might pay - ANS3,600 (2k + 20% of thr remaining
bill)
Life coverage that covers an insured's entire life with level charges paid over a confined time is
referred to as: - ANSLimited Pay Life
What is the purpose of the Missouri Life and Health Insurance Guaranty Association? -
ANSEnsures that says filed against insolvent insurance agencies will be paid
M's insurance organization denied a reinstatement software for her lapsed medical insurance
coverage. The enterprise did now not notify M of this denial. How many days from the
reinstatement utility date does the insurance employer must notify M of the denial earlier than
the coverage may be automatically placed back in pressure?? - ANS45 days
N is a 40-yr old applicant who would like to retire at age 70. He is looking to buy a existence
insurance policy with degree rates, permanent safety, and be paid-up at retirement. Which of
these must N purchase? - ANS30 Pay Life
V is insured under an person Disability Income coverage with a 30-day Elimination duration. On
July 1, he is involved in an accident and briefly disabled. He returns to work on December 1.
How many months of advantage are payable? - ANS4 months
A comprehensive important medical health insurance coverage incorporates an Eligible
Expenses provision which identifies the sorts of health care offerings which might be protected.
All of the following health care services are generally covered, EXCEPT for: - ANSexperimental
and investigative services
Which kind of lifestyles policy consists of a month-to-month mortality price in addition to
self-directed investment selections? - ANSVariable Universal Life
In order to set up a Health Reimbursement Arrangement (HRA), it MUST: - ANSBe set up with
the enterprise
A term existence insurance coverage matures: - ANSupon the insured's dying for the duration of
the term of the coverage
,Which of the subsequent includes an offer, popularity, and consideration? - ANScontract
On a lifestyles coverage coverage, who is qualified to trade the beneficiary designation? -
ANSpolicyowner
Prior to a producer's license being revoked, a hearing need to be held. Prior to this listening to,
the Director of Insurance is REQUIRED to give - ANSwritten word to the manufacturer
Which of those statements approximately a Guaranteed Insurability Option rider is NOT TRUE?
- ANSEvidence of insurability is required while the choice is exercised
Whose hobby is being protected via the enactment of "The Replacement of Life Insurance and
Annuities" regulation? - ANSpolicyowner
All college students attending a huge university could be protected by way of: - ANSa blanket
coverage
A capacity client, age forty, would love to buy a Whole Life coverage in order to gather coins
value at a quicker price inside the early years of the policy. Which of these statements made by
the producer would be correct? - ANS20-Pay Life accumulates cash price quicker than Straight
Life
Once the coverage organisation gets a note of declare, they've ___ days to send the declare
shape. - ANS15
An accident policy will maximum in all likelihood pay a advantage for a(n): - ANSoff the activity
accident
Which of those is NOT a motive for getting lifestyles coverage at the existence of a minor? -
ANSIf each mother and father have been to die, it would provide loss of life benefits to the child
Health coverage for the administration of widespread anesthesia and health facility fees for
dental care MUST be supplied to a(n) - ANSchild underneath the age of five
When an individual is making plans to guard his family with lifestyles coverage, one technique of
doing so is called needs analysis. What precisely does wishes analysis involve? -
ANSEstablishes the needs of the individual and his dependents
Medicare is supposed for all of the following corporations, EXCEPT: - ANSthose enrolled as a
full time scholar
What kind of lifestyles policy covers 2 lives and can pay the face amount after the primary one
dies? - ANSJoint Life Policy
, Which of the subsequent types of regulations pays a advantage if the insured is going blind? -
ANSAccidental Death and Disbursement
Which of the subsequent is NOT covered in an annuity agreement? - ANSAD&D Rider
Which kind of policy is taken into consideration to be overfunded, as said by way of IRS
guidelines? - ANSModified Endowment Contract
All of those are considered to be a gain underneath Social Security, EXCEPT for: -
ANSUnemployment
Chemical dependency coverage is required in which sort of coverage? - ANSComprehensive
Major Medical
To be eligible for Social Security incapacity blessings, an worker need to be unable to carry out:
- ANSany career
A provision in a existence insurance policy that will pay the policyowner an amount that does
not surpass the guaranteed cash value is known as the: - ANSpolicy loan provision
If the insured and number one beneficiary are both killed within the same twist of fate and it
can't be decided who died first, in which are the demise proceeds to be directed under the
Uniform Simultaneous Death Act? - ANSinsured's contingent beneficiary
What provision in a existence insurance policy states that the utility is considered part of the
settlement? - ANSEntire Contract Provision
What percentage of personal life coverage premiums is commonly deductible for federal
earnings tax purposes? - ANS0%
In Missouri, a medical health insurance policy that is not exempt from nation-mandated
advantages must cowl adolescence immunizations and shall now not rate any deductible or
copayment. The EXCEPTION to this will be - ANSHMO's that exclude coverage to subscribers
who achieve services by a non-participating issuer
Which of the subsequent reimburses its insureds for included clinical costs? - ANSCommercial
Insurers
Under a trustee institution existence coverage, who might be eligible for a certificates of
insurance? - ANSemployee
Which of these is NOT relevant when figuring out the quantity of personal existence coverage
wished? - ANSlocal unemployment rate
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