life test
An insured had a $10,000 term life policy. The annual premium of $200 was due on February 1; however, the insured failed to pay the premium. He died on February 28. How much would the beneficiary receive from the policy?
$9,800
An insurance company must notify the Commissioner whenever it terminates an agent's appointment within how many days of the termination?
30 days
Employer health plans must provide primary coverage for individuals with end-stage renal disease before Medicare becomes primary for how many months?
30 months
One of the differences between group underwriting and individual underwriting is that there is little or no medical information required regarding plan participants in groups of
50 or more.
To attain currently insured status under Social Security, a worker must have earned at least how many credits during the last 13 quarters?
6 credits
All of the following are correct about the required provisions of a health insurance policy EXCEPT
A reinstated policy provides immediate coverage for an illness.
The equity in an equity index annuity is linked to
An index like Standard & Poor's 500.
The death protection component of Universal Life Insurance is always
Annually Renewable Term
Which of the following protects the insured from an unintentional policy lapse due to a nonpayment of premium?
Automatic premium loan
The accelerated benefits provision will provide for an early payment of the death benefit when the insured
Becomes terminally ill.
All of the following are requirements of eligibility for Social Security disability income benefits EXCEPT
Being age 65.
When an insurer offers services like preadmission testing, second opinions regarding surgery, and preventative care, which term would best apply?
Case management provision
All of the following violations may result in an agent's imprisonment EXCEPT
Failing to report to the department a criminal prosecution taken against the agent in another jurisdiction.
In which of the following locations would skilled care most likely be provided?
In an institutional setting
The mode of premium payment
Is defined as the frequency and the amount of the premium payment.
Which of the following statements is NOT correct?
Medicare Advantage must be provided through HMOs
Under the Affordable Care Act, which classification applies to health plans based on the amount of covered costs?
Metal level classification
Which of the following best describes gross annual premium?
Net premium plus expenses
The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?
The annuitant must be a natural person.
What type of information is NOT included in a certificate of insurance?
The cost the company is paying for monthly premiums
A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as
Usual, customary and reasonable.