FREE AND STUDY GAMES ABOUT 2-15 FINAL PRACTICE

PDF Download

FREE AND STUDY GAMES ABOUT 2-15 FINAL PRACTICE

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -240 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: The primary policy when the insured has coverage in group plan as well as an individual plan is the

Answer:

Group plan Question 2: The type of contract that does not allow the applicant to negotiate the terms of the contract is a

Answer:

Contract of adhesion Question 3: If the insured dies during the term with a return of premium rider, the beneficiary will receive

Answer:

Death benefit plus an amount equal to all premiums paid Question 4: The type of arrangement where the employer sets aside pre-tax dollars to pay for the employee's coinsurance or deductible is

Answer:

Health Reimbursement Accounts (HRAs)

Question 5: Which type of beneficiary may not be changed during the policy period

Answer:

Irrevocable beneficiary Question 6: The insured must provide notice of a claim to the insurer within how many days after the loss occurs

Answer:

20 days

Question 7: Annuity contracts are most suitable for

Answer:

Lump sum benefits to be spread over a period of time

Question 8: A MEWA may consist of a single employer plan

Answer:

False

Question 9: HMO's and PPO's are examples of which type of insurer

Answer:

Service providers Question 10: When replacing a life insurance policy, what must be submitted by the replacing insurer along with the Buyer's Guide prior to a policy replacement

Answer:

Policy summary Question 11: In Health Insurance, the misstatement of age or sex provision is a mandatory provision

Answer:

false

Question 12: Agents are compensated by

Answer:

Commissions received from the insurer

Question 13: A rider that covers only children is known as the

Answer:

Children's rider

Question 14: Advertising includes all of the following except

Answer:

Word of mouth from another customer Question 15: The McCarran-Ferguson Act confirms that insurance is regulated by the

Answer:

States Question 16: The type of agent authority that is not expressly granted but which the agent is assumed to have in order to transact business on behalf of the insurer is

Answer:

implied authority Question 17: The entity responsible for governing variable annuities contracts is the

Answer:

SEC Question 18: The three types of government health insurance programs include all of following

Answer:

State W.C., Medicaid, and Medicare Question 19: The health insurance provision that prevents the insurer from revoking a policy after a certain time period is the

Answer:

time limit on certain defense provision Question 20: Which entity requires every insurer to establish and maintain a system of control

over the content of contract advertisements:

Answer:

DFS

Question 21: Dividends paid to a policyowner under a life insurance policy are taxable as earned income

Answer:

False Question 22: The Medicare supplement policy that provides 100% of the hospital coinsurance

from the 61st through the 90th day is:

Answer:

All Medicare Supplement plans

Question 23: The primary purpose of the probationary period is to

Answer:

Exclude coverage for pre-existing conditions Question 24: The kind of insurance that pays the cost of medical expenses including doctor visits and prescriptions

Answer:

Health insurance

Question 25: Service providers provide benefits to its

Answer:

Subscribers

Question 26: In Health Insurance, an Outline of Coverage is required by

Answer:

Florida Statutes Question 27: The type of beneficiary who receives the life insurance proceeds first is the

Answer:

Primary beneficiary

Question 28: The head of the Department of Financial Services is the

Answer:

Chief Financial Officer