8/26/2022

The relation of earnings to insurance provision allows the insurance company to limit the insured's benefits to his/her average income over the last

24 months

After an insurer stops offering health insurance for small employers in this state, how long must the insurer wait before selling small employer insurance in the market again?

5 years

How are state Insurance Gauranty Associations funded?

By their members-authorized insurers

Which of the following is true regarding taxation of dividends in participating policies?

Dividends are not taxable

Under what conditions will proof of insurability NOT be required of an employee wanting to enroll in a group insurance plan?

If the employee enrolls within a certain time period

Who must pay for the cost of a medical examination required in the process of underwriting?

Insurer

All of the following are Nonforfeiture options EXCEPT

Interest only

Which of the following statements concerning Medicare Part B is correct?

It pays for physician services, diagnostic tests, and physical therapy

Certificates of coverage are issued to

Participants in a group plan

Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy?

Premiums are not tax deductible as a business expense

Disability income policies can provide coverage for loss of income when returning to work only part-time after recovering from total disability. What is the benefit that is based on the insured's loss of earnings after recovery form a disability?

Residual disability

Upon policy delivery, the producer may be required to obtain any of the following EXCEPT

Signed waiver of premium

If a person accumulates more continuing education hours than is necessary to fulfill the requirements for a 2-year period,which of the following will occur?

The extra hours may be continued into the next period

In which of the following situations would Social Security Disability benefits NOT cease?

The individual's son gets a part time job to help support the family

If an insured under a variable life insurance policy dies, how will the insurer respond to outstanding policy loans?

The loan amounts are deducted from the death benefit

A person insured under a group life insurance policy can make an assignment of all or any part of the incidents of ownership conferred on the insured by the policy or by law, to any of lthe following EXCEPT

The policyholder

Under what circumstances can an agent's appointment e transferred to another person?

Under no circumstances

According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of individual insurance policy EXCEPT

Unearned premiums are retained by the insurance company