LIFE, ACCIDENT AND HEALTH INSURANCE

LIFE, ACCIDENT AND HEALTH INSURANCE

ACTUAL LATEST EXAM WITH QUESTIONS

AND VERIFIED CORRECT AN SWERS ||ALREADY

GRADED A+ ||BRAND NEW -!!!

Which of the following is a valid reason for an enrollee to be canceled by a health and maintenance organization HMO plan?

• Non-payment of coverage
• Exceeding a specified number of claims
• Starting a cigarette habit
• drinking alcohol - ANSWER-A. Non-payment of coverage

And insurance agent has a fiduciary responsibility to all of the following except:

• Applicants
• Insureds
• Insurers
• Other agents - ANSWER-D. Other agents

With whom may and agent luckily share commissions

• The insured
• The applicant
• The beneficiary 1 / 4

• Another agent with the same line of insurance - ANSWER-D. Another agent

with the same line of insurance

who is liable when an insured suffers a loss on a policy sold by an agent through an insurer not authorized to conduct business in Texas a. The insured b. The agent and the insurance c. The agent and the company d. The commissioner of insurance - ANSWER-C. the agent and the company

And insurance company organized under New York laws and license to do business in Texas is considered a or An a period reciprocal company B foreign company c. Alien company d. Export company - ANSWER-B. Foreign company

the phrase transacting business includes a. Obtaining an insurance license b.Collecting premiums c. Setting insurance rates d. Advertising and new product and a trade journal - ANSWER-C. Collecting premiums

A new agent must complete at least x number of hours of continuing education within 24 months of initial licensure a. 12 b. 16 c. 20 d. 24 - ANSWER-d. 24

During a sales presentation for a participating life insurance policy, an agent must

• Make a prospect understand the dividends are not guaranteed b. Make a prospect

understand that dividends are guaranteed c. Over to the prospect a minimum return of investment d. Offer to the prospect a portion of the commissions - ANSWER-a.Make a prospect understand the dividends are not guaranteed

Which of the following statements about health coverage for newborns is not true

• Coverage includes treatment of congenital defects b. Coverage continues after

the first 31 days upon payment of the first premium c. Coverage is limited to only congenital defects d. Coverage begins at moment of birth - ANSWER-c. Coverage is limited to only congenital defects

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I plan through the marketplace may be purchased by a. Everyone over 18 years old

• Any legal resident except those in prison c. Any legal resident including those in

prison d. Only those who might be eligible for Medicare - ANSWER-b. Any legal resident except those imprisoned A certificate of x permits an insurance company to transact business in Texas a.authenticity b. admission c. Permission d. Authority - ANSWER-d. Authority

tea false Acclaim on his accident and health policy after being treated for an illness. The insurance company believes that t misrepresented his actual age on the initial insurance application and is therefore disputing the claims validity the provision that limits the time period during which the company May dispute a claims validity is called a. Ensuring b. Time limit on certain defenses c. Grace. D.Free look - ANSWER-b. Time limit on certain defenses

Which statement is true regarding a minor beneficiary a period normally the death proceeds are required to be held and trust under until the beneficiary reaches the age of 21 b. Normally a guardian is required to be appointed in the beneficiary clause of the contract c. The minor must pay the debts of the insured estate before receiving any of the proceeds d. The minor is entitled to receive the death proceeds immediately - ANSWER-Normally a guardian is required to be appointed in the beneficiary clause of the contract

pee is self-employed and owns an individual disability and comp policy. He becomes totally disabled on June 1st and receives $2,000 a month for the next 10 months. How much of this income is subject to federal income tax a. $20,000 b.$14,000 c. $6,000 d. $0 - ANSWER-d. $0

How long can a cash surrender value payment be deferred by the insurance company under the non-forfeiture law a. One-month b. 4 months c. 6 months d. 9 months - ANSWER-c. 6 months

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which of the following types of health coverage frequently uses a deductible a.major medical policy b. Basic surgical policy c. Basic hospital policy d. Workers compensation - ANSWER-a. major medical

With optionally renewable health policies the insurer may a. renew the policy only if no claims have been filed the previous year b. Renew the policy only with the insured's consent c. Review the policy whenever they please and determine whether or not to renew it d. Review the policy annually and determine whether or not to renew it - ANSWER-d. Review the policy annually and determine whether or not to renew it

Variable Life products require a producer to a period guarantee not more than a 12% return per annum b. Hold a life in health insurance license c. Hold a life insurance license and a securities license d. Be regulated solely by state law - ANSWER-c. Hold a life insurance license and a securities license

How often must an insurance agent license normally be renewed a period every 6 months b. Each year c. Every 2 years d. Every 3 years - ANSWER-c. Every 2 years

At what point does an informal contract become binding a period when one party makes an invitation and the other makes an offer b. When an offer is made by one party and the other party rejects the offer and makes a counter offer c. When one party makes an offer and the other party accepts the offer d. When one party makes the required payment - ANSWER-c. When one party makes an offer and the other party accepts the offer

which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract a.consideration b. Entire contract c. Free look d. Ensuring - ANSWER-b. Entire contract

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