Exam FX

prior to license renewal, all insurance producers must successfully complete how many hours of continuing education?

24 credit hours

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

Under which of the following circumstances can financial institutions share insurance coverage information with third parties, for the purpose of soliciting the purchase of insurance?

If a consumer does not sign and return the notice of disclosure within 30 days

In an individual long-term care insurance plan, the insured is able to deduct the premiums from taxes. What income taxation will be imposed on the benefits received?

No tax

According to the provisions of the Patient Protection and Affordable Care Act, all of the following are required preventive care services EXCEPT

cervical cancer exams for all women starting at age 40

Regarding long-term care coverage, as the elimination period gets shorter, the premium

increases

What do individuals use to transfer their risk of loss to a larger group?

insurance

Which of the following programs is made up of 4 parts, where the first part is paid for by FICA, and the second part is financed by premiums and payroll taxes?

medicare

Which of the following is the most common time for errors and omissions to occur on the part of an insurer?

policy delivery

Regarding long-term care policies, which of the following would NOT be included in activities of daily living?

sleeping

An insured owes his insurer a premium payment. Since then, he incurs medical expenses. The insurer deducts the unpaid premium amount from the claim amount and pays the insured the difference. What provision allows for this?

unpaid premium