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Under the Affordable Care Act, what percentage of preventive care must be covered without cost sharing?
100%
How long is the required free-look period for replacement policies?
20 days
Within how many months must a person be expected to die from a sickness in order to be classified as terminally ill?
24
All of the following are duties of an agent involved in policy replacement EXCEPT
Notify any insurer whose insurance is being replaced within 3 working days.
Which of the following is NOT true regarding a temporary license in this state?
Temporary licensees can write new business while the license is active
Which statement accurately describes group disability income insurance?
The extent of benefits is determined by the insured's income.
When would a 20-pay whole life policy endow?
When the insured reaches age 100
All of the following statements are true regarding tax-qualified annuities EXCEPT
employer contributions are not tax deductible
Which of the following settlement options in life insurance is known as straight life?
life income
On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of
misrepresentation
An insured has health insurance that covers them at work and at home. This policy was written on what basis?
occupational
Which of the following is the best reason to purchase life insurance rather than annuities?
to create an estate
What is the waiting period on a Waiver of Premium rider in life insurance policies?
6 months
Which of the following is NOT a possible punishment for a violation of general provisions of the Kansas Insurance Code?
A maximum fine of $10,000 for a willful violation
Which of the following entities has the authority to make changes to an insurance policy?
insurer's executive officer
How long must an insurer's advertisements be kept on file?
5 years
An insured has Medicare Part D coverage. Upon reaching the initial benefit limit, what percentage of the prescription drug cost is the insured responsible for paying?
25%
A Medicare supplement policy must have a free-look period of at least
30 days
When an agent's appointment is terminated, the insurance company must notify the Commissioner within
30 days
How many pairs of glasses in a 12-month period will a vision expense insurance plan cover?
one
A transaction where new life insurance is purchased, and as part of the transaction, existing life insurance is lapsed or surrendered, is known as
replacement
An insured has endured multiple surgeries and hospitalizations for an illness during the last few months. Her insurer no longer bills her for medical expenses. Which of the following allows for that?
stop-loss limit
What is the fine for NOT completing CE requirements?
$100 for each license suspension
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
What is the main difference between coinsurance and copayments?
Copayment is a set dollar amount.
Annually renewable term policies provide a level death benefit for a premium that
Increases annually
The Patient Protection and Affordable Care Act includes all of the following provisions EXCEPT
Individual tax deduction for premiums paid
The insured had his wife named as the beneficiary of his life insurance policy. To ensure that his wife had income for life after the insured's death, he chose the life income settlement option. The amount of payments will be determined by taking into account all of the following EXCEPT
The insured's age at death
Which of the following is NOT a feature of a guaranteed renewable provision?
The insurer can increase the policy premium on an individual basis
Which type of a hospital policy pays a fixed amount each day that the insured is in a hospital?
indemnity
Under the uniform required provisions, proof of loss under a health insurance policy normally should be filed within
90 days of a loss
Which of the following is not true of Disability Buy-Sell coverage?
Benefits are considered taxable income to the business.
In a group health policy, a probationary period is intended for people who
Join the group after the effective date
An insured has had a life insurance policy that he purchased 3 years ago when he was 40 years old. He is killed in an automobile accident, and it is discovered that he is actually 45 years old, and not 43, as stated on the application. What will the company do?
Pay a reduced death benefit
Which of the following may NOT be included in an insurance company's advertisement?
That its policies are covered by a state Guaranty Association
Under the Physical Exam and Autopsy provision, how many times can an insurer have the insured examined, at its own expense, while a claim is pending?
unlimited
Which of the following would not be included in a policy summary?
General advantages and drawbacks to this type of policy
Which of the following statements is correct regarding a whole life policy?
The policyowner is entitled to policy loans
If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reporting agency have to comply?
5 days
Social Security Supplement (SIS) or Social Security Riders would provide for the payment of income benefits in each of the situations below EXCEPT
When the amount payable under Social Security is more than the amount payable under the rider
If a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement option should the beneficiary select?
fixed period
Which of the following is another term for the accumulation period of an annuity?
pay in period
All of the following are mandatory life insurance policy provisions EXCEPT
policy backdating
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
A partnership buy-sell agreement in which each partner purchases insurance on the life of each of the other partners is called a
Cross purchase plan
To attain currently insured status under Social Security, a worker must have earned at least how many credits during the last 13 quarters?
6 credits
What amount of care is provided in LTC's intermediate care?
Daily care by medical personnel
Social Security disability definition includes all of the following EXCEPT
Disability expected to last for at least 6 months
Which of the following is INCORRECT concerning taxation of disability income benefits?
If paid by the individual, the premiums are tax deductible.
Which of the following riders would NOT increase the premium for a policyowner?
Impairment Rider
In the event of a loss, business overhead insurance will pay for
to rent
