Guaranteed Test

All insurance producers, brokers, and adjusters must successfully complete a number of continuing Education course credits prior to license renewal. How many of these hours must be completed through classroom courses

12 hours

All of the following could qualify as a group for the purpose of purchasing group health insurance except

And association of 35 people

Which of the following is compensated solely from providing advice to the public regarding the benefits, advantages and disadvantage is of insurance policies

Consultants

HMO members pay a small fee when they see their primary care physician. This fee is called

Copay

An adjustable life policy can assume the form of

Either term insurance or permanent insurance

Because of the imposed blackout period, the surviving spouse will not receive Social Security benefits until

He or she qualifies for retirement benefits

An employee is on an extended leave of absence when the employer group health plan changes from one carrier to another. Before the employee returns to work, what might the employee most likely notice?

Limited coverage

What does an annuity protect the annuitant against?

Living longer than expected

How much notice busted the commissioner get a producer before an examination is conducted

None

If the insurance premiums were not tax deductible, what other taxation will this affect

Taxation of benefits

A lender who conditions approval of a loan on the condition that the borrower purchase insurance from that lender may be guilty of

coercion

Annuities certain limit the amount paid by the annuity to a certain fixed

period or fixed amount

Which of the following types of care could be provided at the community center

Adult daycare

If a loan request is for payment of two premiums on the policy, how soon must the insurer issue a loan?

Immediately

Restoring and insured financially after a claim is known as

Indemnity

The Omnibus Budget Reconciliation Act of 1990 requires

Large group health plans must provide primary coverage for disabled individuals under age 65 who are not retired

In agreement that is enforceable by law is known as what kind of contract?

Legal

If a life insurance company uses HIV testing as a part of it underwriting, when must an applicant be notified of the procedure?

Prior to performance of the test

Which of the following is a daily nursing and rehabilitative care that can only be provided by medical personnel, under the direction of a physician?

Skilled care

If an individual willfully violates provisions of the fair credit reporting act, what is the maximum civil penalty?

$2500

In order for an alumni Association to be eligible to purchase group health insurance for its members, all of these statements must be true except when the association

Has been active for five years

And equity indexed annuity will grow based upon

Performance of a recognized index

How do premiums in variable universal life policy's vary from those in variable whole life policies

Premiums are flexible

If an accident and health insurance policy provides coverage for any members of the policyholders family, the policy must provide benefits on the same basis to an adopted child beginning from the date of placement, if placement for adoption occurs within

30 days of the child's birth

Which of the following terms refers to the non-taxable portion of each annuity benefit payment

Cost base

Decreasing term insurance is often used to

Cover a mortgage

All of the following must sign an application for health insurance except the

Insurer

And insured decides to surrender his whole life insurance policy. The cash value at surrender is higher than the premiums paid into the policy, due to interest. What part of the surrender value would be income taxable?

The difference between the premiums paid and the cash value would be taxable

All of the following are true of credit life except

The insured name is the beneficiary (owner names it)

Which of the following would not be eligible for coverage under key person

The owner of a shop

All of the following are characteristics of group health insurance plans except

The parties that hold a group health insurance contract or the employees and the employer

Who is required to inform applicants about information gathering practices?

The producer

What is the purpose of the surrender charge and a deferred annuity?

To compensate the company for loss of investment value

What is the purpose of the impairment rider in a health insurance policy

To exclude coverage for a specific impairment

What is the exclusion ratio used to determine

The annuity benefit to be excluded from taxes

All of the following are true regarding the waiver of cost of insurance rider except

The rider expires when the insured reaches age 60