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L&H STATE EXAM – ALABAMA QUIZZES WITH CORRECT ANS
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L&H STATE EXAM – ALABAMA QUIZZES WITH CORRECT ANS
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L&H STATE EXAM – ALABAMA QUIZZES WITH CORRECT ANSThe cbusiness cis calways cthe cowner cand cbeneficiary cof ckey cemployee cinsurance. c-
ccorrect canswers✔✔Which cof cthe cfollowing cstatements cabout ckey cemployee clife
cinsurance cis ctrue?
COBRA cprovides ca ccoverage cbridge, cHIPPA caddresses ccoverages cunder cplans cfor
cnew centrants. c- ccorrect canswers✔✔COBRA cand cHIPPA cboth caddress cportability.
cWhat cis cthe cdifference cbetween cthem?
interest conly coptions, cfixed cperiod, clife cincome coption c- ccorrect canswers✔✔The
csettlement coption cunder cwhich cthe cprincipal cnever cdecreases cunless cthe
cbeneficiary cmakes cwithdrawals cis cthe
joint cand csurvivor clife cannuity c- ccorrect canswers✔✔Mr. cand cMrs. cCarter creceive
cannuity cpayments. cMr. cCarter cdies, cbut cMrs. cCarter ccontinues cto creceive
cpayments cfor cthe crest cof cher clife. cThe cCarters chave ca
profit cmargins c- ccorrect canswers✔✔The cprimary ccomponents cin cpremium
ccalculations cinclude ceach cof cthe cfollowing cEXCEPT:
All cof cthe cabove c- ccorrect canswers✔✔Which cof cthe cfollowing ccharacteristics capply
cto cMedicare cSupplements cPolicies c(MSPs)?
uncertainty cor cchance cof closs c- ccorrect canswers✔✔What cis cthe cdefinition cof cRisk?
It cexcludes csuicide cduring cthe cfirst ctwo cyears c- ccorrect canswers✔✔The cSuicide
cClause chas cwhat ceffect?
7 cdays c- ccorrect canswers✔✔For cweekly cpremium cdisability cpolicies cin cAlabama,
cthere cmust cbe ca cgrace cperiod cof
12 c- ccorrect canswers✔✔An cindividual cinsurance cproducer cwho callows chis cor cher
clicense cto clapse cmay, cwithin ca cperiod cof c__ cmonths cfrom cthe cdue cdate cof cthe
crenewal cfee, creinstate cthe csame clicense cwithout chaving cto ccomplete cthe
cprelicensing ccourse cof cpass ca cwritten cexam.
all cof cthe cabove c- ccorrect canswers✔✔To csell ca cvariable clife cinsurance cpolicy, can
cinsurance cproducer cmust
... c- ccorrect canswers✔✔If cyou cqualify cfor cCOBRA, ccoverage cunder cthe cgroup
chealth cplan
, The ccompany cmust ckeep ca ccopy cof cthe cBuyer's cGuide cand cPolicy cSummary cfor cat
cleast c5 cyears c- ccorrect canswers✔✔Each cof cthe cfollowing cstatements cis ctrue cabout
cdisclosures cEXCEPT:
Single cpremium c- ccorrect canswers✔✔Which cpolicy cwill chave cimmediate ccash?
the cinsured's cinsurability c- ccorrect canswers✔✔Renewable cTerm cguarantees
100 c- ccorrect canswers✔✔For clife cinsurance cpurposes, call cpersons care cconsidered
cto cbe cstatistically c"dead" cat cage
10-pay clife cpolicy c- ccorrect canswers✔✔Which cpolicy caccumulates ccash cvalue cat
cthe cfastest crate?
The cperson cnamed cto creceive cthe csum cspecified cin ca clife cinsurance ccontract cwhen
cthe cinsured cdies c- ccorrect canswers✔✔A cbeneficiary cis calways cwhich cof cthe
cfollowing
... c- ccorrect canswers✔✔Under ca ccollateral cassignment, cthe cpolicyowner
The cpolicy cand cthe capplication c(or ca csummary cof cthe capplication) cconstitute cthe
centire ccontract c- ccorrect canswers✔✔The c"entire ccontract" claw cin cAlabama csays
Get ca ccheck cfor cthe cremaining ccash cvalues. c- ccorrect canswers✔✔If cyou csurrender
cyour cpolicy cearly cor csimply cstop cpaying cpremiums, cyou cstill cown cthe cequity cyou
chave cbuilt. cYou ccan cchoose cto:
100% c- ccorrect canswers✔✔In cnoncontributory cgroup cinsurance cplans, cwhat
cpercentage cof celigible cemployees cmust cbe ccovered cby cthe cplan?
60 cdays cand cnot clonger cthan cthree cyears cfrom cthe cdate cof cproof cof closs c- ccorrect
canswers✔✔According cto cRequired cHealth cPolicy cProvisions, cthe cinsured cis
cprevented cfrom cfiling csuit cagainst cthe cinsurer cfor cat cleast
a cblanket cpolicy c- ccorrect canswers✔✔The ctype cof chealth cinsurance cpolicy cmost
clikely cused cto ccover call cstudents cattending ca clarge cuniversity cis
30 cdays c- ccorrect canswers✔✔If cadministrative caction cis ctaken cagainst cyou, cor cyou
care ccriminally cprosecuted cin canother cjurisdiction, cyou chave chow clong cto csubmit
cnotice cto cthe cAlabama cCommissioner?
Conditional creceipt c- ccorrect canswers✔✔An capplicant cfor cinsurance cmay cpay cthe
cinitial cpremium cand creceive ca cdocument cfrom cthe cagent cincluding cthat cif cthe
cpolicy cis cinsured cas crequested, ccoverage cbegins con cthe cdate cof cthe cdocument.
cWhat cis cthis cdocument ccalled?
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