Missouri Questions Missed
How many hours of continuing education must be completed in Ethics and Missouri Law each licensing period?
3
When a health carrier uses retrospective review procedures, within how many days of receipt information must the carrier make the determination?
30 working days
If a policy holder declines the nonforfeiture benefit, what must the insurer provide to the client upon the lapse of the policy?
A contingent benefit
Individual and group health policies in this state will cover which of the following proceduers for women?
A mommogram every year for women age 50 and over
How often must an insurer who delivers variable life insurance policies in Missouri determine any changes in variable death benefits?
Annually
Which of the following is mandatory coverage in all health benefit plans?
Bone Marrow Transplant
Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined at
Coercion
All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT
Dividends from a mututal insurer
On its advertisement, a company claims that is has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of
Misrepresentation
If a company has transacted insurance in this state without Certificate of Authority, which of the following is true of its obligations for the policies sold?
The company can still be liable for its policies in any court of this state
What must contain a notice of the graded death benefit in a life insurance policy with graded death benefits?
The polciy application
What must contain a notice of the graded death benefit in a life insurance policy with graded death benefits?
The policy application
What do long-term care policies offer to policyholders to account for inflation?
They offer the option of purchasing coverage that raises benefit levels accordingly
Who is responsible for covering the expenses associated with the examination of domestic insurers
the examined insurer
Which of the following is NOT required on an application for a variable life insurance policy?
A statement explaining the use of separate accounts in variable insurance
Which of the following is the closest term to an authorized insurer?
Admitted
Which of the following is NOT required on an application for a variable life insurance policy?
A statement explainging the use of separate accounts in variable insurance.
Which types of insurance companies marketing LTC insurance coverage must establish procedures to assure that any comparison of policies by its agents will be fair and accurate?
Every company is required to estabish marketing procedures
An insured has a life insurance policy with graded death benefits. In the first year of the policy, the death benefit is less than 50% of the face amount on the policy. What amount must the policy contain in accidental death benefits during the graded death benefit period?
Full face amount of the policy
A producer has submitted a new application to his insurer; however, 30 days later there was still no coverage available for the applicant. What must the producer do?
Inform the applicant in writing
Every insurer marketing Long-Term Care insurance must establish marketing procedures to ensure all of the following EXCEPT
LTC policies are marketed effectively to prospective insureds.
A long-term care insurance shopper's guide must be provided in the format developed by which of the following?
NAIC
An individual obtained a life insurance policy in March, but 3 months later was deemed clinically insane by the sstate of Missouri. Five months later the insured takes his own life. What type of death benefits will the policy beneficiaries receive?
No benefits will be received because the policy was not in effect for at least one year; however, all premium payments will be returned.
The Director has just finished examining a domestic insurer. When is the Director next required to examine that insurer?
No later than 5 years from now
Which of the following documents provides a disclosure of a medicare supplement policy?
Outline of Coverage
Which of the following documents provides a disclosure of a Medicare supplement policy?
Outline of coverage
What is the purpose of the insurability provision in group life policies issued in this state?
To allow the insurer to require proof of insurability from individual insured.
Which of the following provisions is NOT mandatory for health insurance policies in this state?
Unpaid premiums
In individual health insurance coverage, the insurer must cover a newborn from the moment of birth, and if additional premium payment is required, how many days should be allowed for payment?
Within 31 days of birth
