Job test
What is the minimum age for purchasing a life insurance policy in this state?
15// In Georgia, a minor who is 15 years old may purchase life insurance on his or her own life or on the life or body of any person in whom the minor has an insurable interest.
Which of the following is considered a presumptive disability under a disability income policy?
Loss of two limbs// Presumptive disability is a provision that is found in most disability income policies that specifies conditions that will automatically qualify the insured for full disability benefits, such as the loss of two limbs.
An agent commingled $500 of insurance premiums collected with new applications with his personal funds. The agent could be found guilty of a
Misdemeanor // Any willful violation will be considered a misdemeanor unless the amount involved exceeds $1,000, in which case the violation will be considered a felony
When Linda suffered a broken hip, she notified her agent, in writing, within 12 days of the loss. However, her agent did not notify the insurance company until 60 days after the loss. Which of the following statements correctly explains how this claim would be handled?
The insurer is considered to be notified since the notification to agent equals notification to the insurer./// Notice to the agent equals notice to the insurer. The agent is the insurer's representative.
Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract?
Warranty // A warranty in insurance is a statement guaranteed to be true. When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties, but representations. Representations are statements that are true to the best of the applicant's knowledge.
If an employee terminates her employment, which of the following provisions would allow her to continue health coverage under an individual policy, if requested within 31 days?
conversion// Conversion provisions are required by law. It allows terminated employees to convert their group health coverage to individual insurance without evidence of insurability, within a specified amount of time, and for eligible reasons.
Which of the following is NOT an activity of daily living (ADL)?
talking // The ability of a person to do activities of daily living (ADLs) is often used to determine the extent of a person's disability. ADLs include basic activities such as getting dressed, bathing, continence, transferring, and eating.