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Which of these techniques will remove the risk of losing money in the stock market by neverÂ
purchasing stocks?
Risk avoidance
Risk avoidance could eliminate the risk of losing money in the stock market by never investingÂ
in stocks.
Which of the following nursing home options would BEST suit an individual who needs someÂ
nursing care and supervision but NOT full-time care?
Assisted living facilities
An assisted living facility would best suit an individual who needs some nursing care andÂ
supervision but not full-time care.
Under Louisiana law, the agreement between an insurance producer and insurer under which theÂ
insurance producer, for compensation, may sell, solicit, or negotiate policies issued by theÂ
insurer is defined as
an appointment
The agreement between an insurance producer and insurer under which the insurance producer,Â
for compensation, may sell, solicit, or negotiate policies issued by the insurer is called anÂ
appointment.
The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT
insurance sales calls
Charities, political organizations, and surveys are all offered exemptions from The Do Not CallÂ
Registry
The type of policy where the insurer can send a notice to the insured that the policy has beenÂ
cancelled in the middle of the term is called
cancelable
The renewability provision in a cancelable policy allows the insurer to cancel or terminate theÂ
policy at any time, simply by providing written notification to the insured and refunding anyÂ
advance premium that has been paid.
Barbara's policy includes a rider which allows her to purchase additional insurance at specificÂ
dates or events without evidence of insurability. This rider is called a(n)
Guaranteed insurability rider
A guaranteed insurability rider allows for the insured to purchase additional insurance at specificÂ
dates or events without evidence of insurability.
Disability Income plans which require that the insurer can NEVER change or alter premium ratesÂ
are usually considered
Noncancellable
A noncancellable policy cannot be cancelled nor can its premium rates be increased under anyÂ
circumstances.
In what part of an insurance policy are policy benefits found?
Declarations
Essentially, the insurance declaration page is like a quick guide to the insurance policy,Â
providing all of the basic information the policyholder needs to know.
What happens if the insurer discovers that the insured's age was accidentally misstated on anÂ
application for an individual life insurance policy?
Benefits will be calculated according to how much coverage the premium paid would haveÂ
purchased for the correct age
Benefits will be calculated according to how much coverage the premium paid would haveÂ
purchased for the correct age.
Health insurance will typically cover which of the following perils?
Injury due to accident
Accidental injury is typically a covered peril in health insurance.
A viatical settlement contract is an agreement between
A life insurance policyowner and a viatical settlement provider
A viatical settlement contract is an agreement between a life insurance policyowner and aÂ
viatical settlement provider.
Under the Affordable Care Act, how would a grandfathered health plan lose its grandfatheredÂ
status?
The insurer significantly raises co-insurance charges, deductibles, or co-payment charges
According to the Affordable Care Act, grandfathered health plans may lose their grandfatheredÂ
status if the insurer significantly raises co-insurance charges, deductibles, or co-payment charges
Which of these would NOT be considered a presumptive disability?
Loss of a leg or arm
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