-100 Questions and Answers

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TDI EXAM

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -100 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: A prepaid application for individual Disability Income insurance was recently submitted to an insurer. When the insurer received the Medical Information Bureau (MIB) report, the report showed that the applicant had suffered a stroke 18 months ago, something that was not disclosed on the application. Which of the following actions would the insurance company NOT take?

Answer:

Send a notice to the MIB that the applicant was declined Question 2: Which Federal law allows an insurer to obtain an inspection report on a potential insured?

Answer:

Fair Credit Reporting Act Question 3: Upon delivery of a rated life insurance policy, the Producer must obtain each of the following EXCEPT

Answer:

Signed HIPAA disclosure Question 4: all of these are characteristics of a health reimbursement arrangement EXCEPT

Answer:

HRA is entirely funded by the employee

Question 5: what is considered a valid reason for small businesses to insure the lives of its major shareholders

Answer:

Fund a buy-sell agreement Question 6: P is a forty year old woman and would like to purchase an annuity that will provide a lifetime income stream beginning at age sixty. Which of the following did she NOT buy?

Answer:

An immediate annuity Question 7: An individual has a Major Medical policy with a $5,000 deductible and an 80/20 Coinsurance clause. How much will the INSURED have to pay if a total of $15,000 in covered medical expenses are incurred?

Answer:

$7,000

Question 8: an insurance company under New York's laws and licensed to do business in Texas is considered a(n)

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foreign company Question 9: which of the following claims are typically excluded from medical expense policies

Answer:

Intentionally self-inflicted injuries Question 10: what is the MINIMUM benefit period that must be offered by a Long-Term Care policy

Answer:

12 months Question 11: _____ of continuing education MUST be completed in the classroom or classroom equivalent

Answer:

50%

Question 12: a life insurance arrangement which circumvents insurable interest statutes is called

Answer:

Investor-Originated Life Insurance Question 13: Nursing home benefits must be provided for at least 12 consecutive months in which of the following types of policies?

Answer:

Long-Term Care Question 14: group health plans typically contain a coordination of benefits provision. this provision's purpose is to

Answer:

avoid the duplication of benefit premiums Question 15: M has an insurance policy that also has an outstanding policy loan at the time of M's death. The insurer will deduct the outstanding loan balance from the

Answer:

policy proceeds

Question 16: a foreign insurance company conducting insurance business in texas

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was formed under the laws of another state Question 17: The individual most likely to buy a Medicare Supplement policy would be a(n)

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68-year old male covered by Medicare Question 18: which of these statements concerning an Individual Straight Life annuity is correct?

Answer:

payments are made to an annuitant for life

Question 19: G is involved in an automobile accident as a result of driving while intoxicated and suffers numerous injuries. According to the Intoxicants and Narcotics exclusion in G's policy, who is responsible for paying the medical bills?

Answer:

insured Question 20: When will a hearing be held after a notice of hearing, alleging participation in an unfair or deceptive act, is served to a licensee or insurer by the Commissioner?

Answer:

No sooner than 6 days

Question 21: health insurance benefits NOT covered due to an act of war are

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excluded by the insurer in the contract provisions Question 22: which of the following BEST describes a short-term medical expense policy?

Answer:

nonrenewable Question 23: Which Unfair Trade Practice involves an agent telling a prospective client that a policy's dividends are guaranteed?

Answer:

Misrepresentation

Question 24: Which of these needs is satisfied by Adjustable Life insurance?

Answer:

Insured's need for flexible premiums Question 25: An insurer is NOT required to provide information on fraudulent claims if requested by

Answer:

an insured