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How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65Correct Answers 2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance ...

Which annuity settlement option provides a stated monthly amount to the annuitant and upon the annuitant?s death the same or a lesser amount paid for the lifetime of the survivor? Correct Answers Joint and survivorship option Joint and survivorship option Correct Answers It has a guaranteed minimum interest rate. Which of the following is TRUE for a flexible premium annuity? Correct Answers The purchaser has the option to vary the amount of each premium payment falling between a minimum an...

It is the distribution of successes of funds accumulated by the insurer and participating policies. Correct Answers Which of the following statements regarding a life insurance policy Dividened is true? Losses due to fraud are eliminated. Correct Answers Which of the following is not a benefit of insurance? Participating Correct Answers John owns an insurance policy that gives him the right to share and the insurer's surplus. What kind of policy is this? Contract that allows the policy...

What kind of retirement plan can a 75-employee for profit corporation establish? Correct Answers Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the Correct Answers Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT Correct Answers failure to pay all claims that are reported within 90 days after a loss occurs The settlement...

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? Correct Answers Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter as is reasonably possible? Correct Answers No...

Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare select plans? 1 The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of the insured. 2 There is no restriction for benefits after the coverage has been in effect for six months when involving a preexisting condition. 3 The coverage for a loss from an illness or disease is treated differently than for a loss resulting from an injury due to an accident. 4 The ...

Who is the primary and preferred channel for identifying and correcting discriminatory practices? Correct Answers Chain of command If the object of a complaint is toward the complainant's immediate supervisor, what action should be taken? Correct Answers Promptly communicate the incident through other available means The Resolving Conflict Booklet serves as the model for informal complaint handling. Correct Answers True Personnel receiving a formal complaint shall submit the complai...

WINDING UP MEANS Correct Answers essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS Correct Answers 1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Act. MODES OF WINDING UP AND ALTERNATIV...

person's Correct Answers The terms sequestration and sequestration order should stritly be used only with reference to a ____ estate personal Correct Answers In Ex Parte Henning, the statement of affairs that lay for inspection did not contain the ____ information 8(g) Correct Answers According to section ____ of the Insolvency Act, it is an act of insolvency if a debtor gives notice in writing to a creditor that he is unable to pay one or more of his debts written Correct Answers A de...

Which of the following statements correctly describes an organism's genome? Correct Answers A genome is a complete set of all of an organism's genes. If a horticulturist breeding plants known as gardenias succeeds in having a single plant with a particularly desirable set of traits, which of the following processes would be her most probable and efficient route to establishing a line of such plants with that particular set of traits? Correct Answers Clone the plant asexually to produce an i...