Part 13

#130. Certificates of coverage are issued to: a) The employer. b) Participants in a group plan. c) Owners of a group plan. d) Individual life insurance policyholders.

b) Participants in a group plan.

Which of the following is true regarding Medicare supplement policies? a) They must be available to those aged 60 and over b) They must be guaranteed renewable c) They must have a 15-day free-look period d) they must contain a minimum of plans A and B

b) They must be guaranteed renewable

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 the following EXCEPT: a) A family member b) The beneficiary c) The policyholder d) A lender

c) The policyholder

#127. When does a free-look period begin on a life insurance policy? a) When the insurer signs the policy b) When the policy is issued c) When the policy is delivered to the insured d) When the insured pays the first premium

c) When the policy is delivered to the insured

#129. Who does the secondary notice provision protect? a)Secondary addressees b)The insurer c)Elderly insureds d)The policyowners

c)Elderly insureds

Which of the following is NOT among the goals of a Medicare supplement application? a) Presuming the applicant is eligible for Medicaid, based on the nature of the policy b) Determining whether or not an applicant has an existing Medicare Supplement policy c) Determining whether or not the policy will replace another accident and health policy d) Advising applicants regarding the availability of counseling services

a) Presuming the applicant is eligible for Medicaid, based on the nature of the policy

An insurer hires a representative to advertise its company at a local convention. The representative lies about the details of some of the policies, in an attempt to secure more business for the company. Who is responsible for the representative's claims? a) The insurer b) The representative c) The underwriters d) The agent

a) The insurer

#125. The Florida Health Insurance Coverage Continuation Act requires insurers that sell health plans to small employers to offer in those plans a right to elect to continue coverage, without providing evidence of insurability, to employees who lose their coverage and are unable to replace it. The premium rate for this coverage may NOT exceed a) 200% of the regular group rate. b) The regular group rate. c) 102% of the regular group rate. d) 115% of the regular group rate.

d) 115% of the regular group rate.

In what way can an agent demonstrate a high standard of ethics? a) Making enough commissions to cover personal expenses b) Setting and meeting monthly production goals c) Recommending qualified retirement plans to each client d) Putting the client's best interests before their own

d) Putting the client's best interests before their own

#128. How will a life insurance beneficiary designation naming a spouse be changed by divorce? a) There will be no change. b) The beneficiary will be changed to revocable. c) Insurer's own policy rules will determine the result. d) The beneficiary designation will be voided.

d) The beneficiary designation will be voided.