Life & Health Insurance Exam Prep #2
How many hours of continuing education can be carried over from one licensing period to the next?
0
Within how many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtained?
3 days
A hospital indemnity policy will pay
A benefit for each day the insured is in the hospital
What is the purpose of a conditional receipt?
It is intended to provide coverage on a date prior to the policy issue.
Individuals and dependents insured on a group life policy may convert to an individual policy issued by the same insurer. They can convert to any individual policy except...
Level term life
If a dental plan is integrated, it is combined with what type of plan?
Medical
What type of care is Respite care?
Relief for a major care giver
Which of the following terms describes the specified dollar amount beyond which the insured no longer participates in the sharing of expenses?
Stop-loss limit
What authority is responsible for examining the operations of insurance companies in this state?
The commissioner
Who is the owner and who is the beneficiary on a Key Person Life Insurance policy?
The employer is the owner and beneficiary
The interest earned on policy dividends is
taxable
What is another name for interest-sensitive whole life insurance?
Current assumption life
Under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive
Nothing; the payments will cease.
Which of the following is true regarding elimination periods and the cost of coverage?
The longer the elimination period, the lower the cost of coverage
An agent is in the process of replacing the insured's current health insurance policy with a new one. Which of the following would be a proper action?
The old policy should stay in force until the new policy is issued.
