Eleven. The insuring clause is normally undersigned with the aid of: - ANS-The president and
the secretary of the organisation
19. Which assertion concerning a life insurance agreement is true? - ANS-It isn't always a
private settlement and may be given away.
35. Agents employed by way of a PPGA are considered to be employees of the : - ANS-PPGA
6. Which of the subsequent provider providers allows for a primary care health practitioner as
well as out-of-community care? - ANS-Point of Service Plan (POS)
8. Mr. Ramon purchased a $10,000 10-12 months restrained pay life insurance coverage on his
ten yr old son Luis. A payor rider changed into brought for a further top rate. Should Mr. Ramon
die when Luis is 15 whilst would Luis start making top rate payments? - ANS-Never
A _______ contract may be set aside. - ANS-voidable
A organisation this is certified to sell coverage in a country wherein it is domiciled is referred to
as: - ANS-a domestic business enterprise
Remember, Miami Mutual is in Florida. It sells in Florida and it's far domestic. Baghdad Life is in
Baghdad. If it sells in Florida it's miles alien due to the fact it's far positioned outside the U.S., it
is territories, or ownership's.
A employer transfers a hazard. The organization assuming the chance is: - ANS-The re-insurer
A group of pharmacists or dentists might be included under: - ANS-a danger retention group
A Health Savings Account does no longer allow: - ANS-Tax loose non-qualified withdrawals
A Hospital Expense policy that pays a FLAT AMOUNT in line with day for health facility room
and board can pay blessings on what basis? - ANS-A constant-fee plan
A confined hazard coverage pays for dread diseases
: - ANS-along with cancer
A man or woman included below a carrier issuer is referred to as: - ANS-the patron
A policyowner has just knowledgeable the agent that she is younger than what turned into said
inside the coverage. The agent ought to: - ANS-notify the insurance corporation for a possible
adjustment of the policy.
A producer owes a fiduciary responsibility to: - ANS-the employer and the consumer
A producer represents the: - ANS-business enterprise
A popular hazard male is insured underneath a WHOLE LIFE Policy with an ACCIDENTAL
DEATH RIDER. Which of the following is/are proper?
1. The accidental loss of life benefit is frequently same to, or may be twice, the face value of the
coverage, depending on the settlement.
2. If the insured died at age 72, the Accidental Death rider would nevertheless be in effect. -
ANS-1 simplest
, A Supplementary Medical Expense coverage combines the advantages of what two varieties of
plans? - ANS-Basic Medical and Major Medical
A/an __________ is the voluntary giving up of a legal right. - ANS-Waiver
Alcoholism or drug dependancy might be considered which of the following risks? - ANS-ethical
All of the subsequent are eligible for Medicare except: - ANS-dependents of those 65 or older
All of the subsequent aren't taken into consideration equipped events to the settlement besides:
- ANS-Physically disabled
All of the subsequent are real about medical health insurance dividends except: - ANS-Mutual
(participating) insurers normally problem revel in-rated plans
All of the subsequent are types of deductible provisions associated with principal clinical rules
except: - ANS-prevent loss
All of the following are specific factors of an coverage contract besides? - ANS-Consideration
All of the subsequent may administer self-insured plans besides: - ANS-Actuaries
All of the following statements about lifestyles insurance and the threat it covers are actual
EXCEPT: - ANS-Life insurance is like a mutual fund in that a sure amount of cash have to be set
aside every year to satisfy the contractual responsibilities of the insured.
All of the subsequent statements about noncancellable rules are authentic besides: - ANS-The
insurer may growth the top rate rate after the policy is in effect furnished it does so by
instructions of insureds.
All of the subsequent statements regarding Social Security disability benefits are proper except:
- ANS-Benefits are retroactive to the time of disability
All of the subsequent statements describe chance avoidance, EXCEPT: - ANS-Pat will pay his
insurance premium.
All of the subsequent statements regarding Modified Endowment Contracts are actual besides?
- ANS-It is the responsibility of the insured to ensure the coverage does no longer end up a
MEC.
All of the following structures help the sale of coverage thru sellers EXCEPT: - ANS-direct
selling
All statements on an utility are considered to be: - ANS-representations
An applicant for a fitness policy has a heart condition of which he's unaware and consequently
he solutions "no" to the query referring to heart troubles. His solution is considered to be a: -
ANS-Representation
An applicant for insurance denied having ever been recognized with heart troubles whilst in fact
he had currently had triple pass surgery. How lengthy does the corporation must find this fact? -
ANS-two years
An applicant for insurance may additionally pay the initial top class and obtain a record from the
agent indicating that if the coverage is issued as requested coverage begins on the date of the
documents. What is this file known as? - ANS-Conditional receipt
An insurable hobby must exist while: - ANS-A lifestyles insurance policy is issued
An insured has a primary clinic fee coverage with a $10,000 restrict for advantages, coordinated
with a chief clinical coverage with a $500 hall deductible and 80/20 coinsurance provision. If she
incurs a loss of $20,000, how tons will the insurer pay? - ANS-$17,600
Andy the agent changed into fired through the general agent 3 months ago for behavior
"unbecoming". Andy's general agent later turned into recognised to accept business that Andy
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