Insurance

Who is responsible for the contents of life insurance advertising

the insurer

Individual and group accident and sickness policies that cover what kinds of losses must also provide for newborns, from the moment of birth, with all health insurance benefits applicable to children? Maternity losses Losses that happen to family members Specified child-related losses Health-related losses for the mother

Losses that happen to family members Individual and group accident and sickness policies that cover family members of the insured must also provide for newborns, from the moment of birth, with all health insurance benefits applicable to children until 31 days

A child is adopted on May 1, 2003. When will her health benefits go into effect? May 1 By June 1 By July 1 By August 1

May 1 Coverage for adopted children must be effective at the date of the final decree of adoption.

If a person is compensated for a testimonial in an advertisement, which of the following statements should be included in the advertisement?

Paid endorsement

Qualifications for soliciting, selling or negotiating a partnership policy include all of the following EXCEPT -Completing an initial 8-hour training. -Completing ongoing 4-hour training every 24 months. -Obtaining a partnership policy license from the Commissioner. -Being appointed.

-Obtaining a partnership policy license from the Commissioner. There is no partnership policy license. A producer must be appointed, complete an initial 8-hour training and ongoing 4-hour training every 24 months.

What is the title of the chief officer of the Department of Insurance? A) Superintendent B) Commissioner C) President D) Director

b

An agent is acting ethically in all of the following situations EXCEPT A) Working within the conditions of his/her contract. B) Representing the insurer, not the insured. C) Keeping customers' best interests in mind. D) Always representing the insured.

d

a child is born to a mothers whos insurance covers health related losses of family members. How long will the new born be automatically covered under the moms plan?

31 Days

Agents, subagents, and counselors are required to maintain records of all insurance transactions for what time period? A) 1 year B) 3 years C) 5 years D) 7 years

5 years

All of the following are examples of violations of replacement Except a)Advising an applicant to answer questions correctly b)any deceptive or misleading information c)failing to ask the applicant questions regarding replacement d)intentionally answering questions incorrectly

A

All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT A) An offer of employment. B) Stocks, securities, or bonds. C) An offer to share in commissions generated by the sale. D) Dividends from a mutual insurer.

D

Whenever agents submit applications to insurers, they must also submit statements, signed by the applicant and agent, disclosing the involvement or lack of involvement of A) A change of health. B) An inducement. C) A change in policy amount. D) Replacement.

D