INS 210

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

Insurer

Which of the following is true about retrospective commissions to insurers in this state?

They are prohibited

In credit life insurance, who is responsible for paying the policy premiums?

Borrower only

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

Prior to performance of the test

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

To exclude coverage for a specific impairment

The insurer of a credit life policy requires evidence of insurability from the debtor. The debtor becomes obligated to the creditor on March 1st, and the evidence of insurability is provided to the insurer on March 30th. When will the term of insurance begin?

Whenever the insurer finds the evidence of insurability satisfactory

Which of the following is a correct statement about annuities?

Fixed annuities do not provide protection against inflation

Within what time frame must a policyholder file a petition for adoption?

30 days of the birth or placement of the child

Which of the following indicates the person upon whose life the annuity income amount is determined?

Annuitant

What is the purpose of the gatekeeper in an HMO?

Controlling Costs

Outlines of coverage, delivered upon a Medicare Supplement policy application, must include all of the following EXCEPT

Copy of the insurability clause

A variable life policyholder who owns a scheduled premium policy experiences many months of negative returns in the policy's sub accounts. In regards to the minimum death benefit

It will be equal to or greater than the initial face amount

A licensee approved to teach a continuing education course may

Receive continuing education credit the same as a person taking the course

In a life insurance application, all of the following signatures will be required EXCEPT

The Home Office Underwriter

Which of the following are NOT assignability provisions relating to the assignment of ownership by a person under a group life policy?

The right to assign additional riders

How often must the Director conduct financial examinations of domestic Insurers?

At least once every 5 years

In order to get a nonresident license in this state, a producer must

Apply and pay a fee to a nonresident state that reciprocates

A distribution from an employer sponsored retirement plan or from an IRA is eligible for a tax-free rollover if it is reinvested in an IRA within.

60 days

All of the following would be classified as 'limited insurance coverage" EXCEPT..

Supplement Social Security coverage

When an insured terminates membership in the insured group, the insured can cover to

Whole life without proof of Insurability

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

An association of 35 people

A whole life policy is surrendered for a reduced-paid up policy. The cash value in the new policy will

Continue to increase

An employee dies having 6 quarters of coverage during the previous 13-quarter period. What status of coverage does the employee lavender Social Security?

Currently Insured

When does coverage for a newborn begin, an within what period of time must the insurer be notified in order for the newborns coverage to be continued?

From the moment of birth, and the insurer must be notified within 31 days

Which of the following policies must provide coverage for child immunization from birth to age 5?

Group health

All of the following are advantages of a qualified retirement plan EXCEPT

The Income at retirement is tax free

An insurer mails an insurance policy to a new policyowner. When the insurer relinquishes control of the policy, the policy is considered

Delivered

Dividends received on participating life insurance policies are

Not taxable because they are a return of unused premiums

An underwriter is reviewing an applicant with an extensive medical history. Which of the following would give the underwriter a better understanding of how the applicant has been treated for various illnesses?

Attending Physicians Physician's Statement

A Major Medical Expense policy would exclude coverage for all of the following treatments EXCEPT

Drug Addiction

What is NOT a medicaid qualifier?

Insurability

Y is a 66 year old male who recently bought a life insurance policy with graded death benefits. Since he is over the age of 65, the policy cannot grade the death benefit in excess of 3 years unless the policy provides at least what percent of the face amount as a first year death benefit?

50%

Which of the following used to be called Medicare + Choice Plans?

Medicare Advantage Plans

Which of the following is NOT a required coverage in health insurance policies in Missouri?

Mental Retardation

Which of the following is guaranteed under a variable whole life insurance policy?

Minimum death benefit

Guaranteeing future dividends is considered to be an unfair or deceptive act known as

Misrepresentation

All life and health policies must provide a clear and conspicuous disclaimer regarding the Insurance Guaranty Association on the face page of the policy. This disclaimer must do all of the following EXCEPT

State that the insurer and its agents are protected by the Guaranty Association in case of insolvency

Insureds have the right to do which of the following if they have NOT received the proper claim forms within 15 days of their notice to the insurer of a covered loss under a major medical policy?

Submit the description in their own words on a plain sheet of paper.

If an administrative action has been taken against a producer in another jurisdiction, within how many days of the final disposition of the matter must the producer report that action to the director?

30 days

An insured was seriously injured in a skiing accident that required him to be hospitalized for 5 weeks. His medical expense policy covered all of the following EXCEPT

Loss of income while hospitalized

According to the life insurance replacement regulations, which of the following would be an example of policy replacement?

A policy is reissued with a reduction in cash value

Policy delivery refers to the delivery of the

Completed Insurance policy to the Policyowner

Group life insurance policies issued in this state must offer a grace period of at least

31 days

A Medicare Supplement policy must have a free look period of at least

30 days

Which statement below is INCORRECT regarding the type of term insurance that fits best with the applicants needs?

Applicants who may require a larger death benefit in the future should buy convertible term insurance

An insured recently discovered that the interest rate on his policy loan once again increased. Legally speaking, which of the following is the shortest amount of time that could have passed since the last change in the insureds interest rate?

3 months

When may HIV-related test results be provided to the MIB?

Only if the individual is not identified

A husband and wife both incur expenses that are attributed to a single major medical insurance deductible. Which type of deductible do they have in their policy?

Family

Which of the following scenarios would require that an insured is provided with a conversion option from group to individual health insurance coverage?

The insured had continuous coverage under the policy

An insured's hospital policy states that it will pay him a flat fee or $75 per day for each day he is hospitalized. The policy pays benefits on what basis?

Indemnity