🟧M-🟨🟦

To EXCLUDE coverage for a specific IMPAIRMENT

🔴 What is the purpose of the 🔷 IMPAIRMENT rider in a health insurance policy?

Face Value of the policy is payable to beneficiary upon Death💀 of the insured

🔴 🔷 Life Insurance creates an ⭐️ IMMEDIATE ESTATE🏡. Which of the following best explains this statement?

2 years ...(incontestability clause)

🔴 The VALIDITY of coverage under a life insurance policy may NOT❌ be CONTESTED, except for nonpayment of premium, after the P.⛑️ has been in FORCE for at least ⭐️ how many years?

A producer's retirement ...(❌)

🔴 This state provides for a 🔷 temporary⏰ license for all of the following EXCEPT ❌

40 ...(Creds-SS🔒)

🔴 To attain 🔷 FULLY INSURED STATUS under Social Security🔒, an individual must have ⭐️ EARNED how many CREDITS?

Only if the individual is NOT❌ identified

🔴 WHEN may HIV-related test RESULTS be provided to the MIB?

EMPLOYER‍💼

🔴 WHO determines if a particular GROUP🏘️ of EMPLOYEES can be EXCLUDED from group health coverage?

Living LONGER than expected ...(~A🌱)

🔴 What does an ANNUITY protect the ANNUITANT against?

A specified period of time that a person joining a GROUP🏘️ has to WAIT before becoming ☑️ELIGIBLE for coverage

🔴 Which of the following best defines the 🔷 PROBATIONARY PERIOD📅 in Group🏘️ Health policies?

Number of beneficiaries ...( ❌⛑️💰PP)

🔴 Which of the following is NOT❌ a component of an insurance 🔷 policy Premium💰?

The Medical Information Bureau assists underwriters in evaluating and classifying RISKS😬.

🔴 Which of the following statements concerning the 🔷 Medical🚑 Information Bureau is CORRECT?

Accidental death and dismemberment ...(AD&D☠️~🔷Cap.Sum)

🔴 Which policy 🔷 RIDER added to a Disability♿️ income policy may require that a benefit be paid as a ⭐️"CAPITAL" sum?

Only an executive officer of the company

🔴 With respect to the entire contract clause in health policies, WHO has the authority to make CHANGES to an existing policy?

Upon the LAST death💀 ...(SL)

🔴 in a 🔷Survivorship Life P.⛑️, WHEN does insurer pay the Death Benefit☠️💰?

Provided BEYOND the SCOPE of customarily SERVICES in connection with the solicitation and procurement of insurance.

🔴 🔷 COMMISSIONER may PERMIT an 🔷 AGENT👩‍💼 to enter into reasonable arrangements with prospective insureds to charge a 🔷 📉REDUCED FEE in Situations where SERVICES that are CHARGED for are...

Commingling ...(👁️"SEP")

🔴A Producer👩‍💼 who FAILS ❌ to 🔷 SEPARATE PREMIUM💰 monies from his own PERSONAL FUNDS💸 is ⭐️ GUILTY of

Transfer

when... purchases insurance, what ⭐️ risk management technique is he or she practicing?

Separate accounts ...(VARIABLE)

🔴 A domestic insurer issuing 🔷 VARIABLE contracts must ⭐️ establish ONE or MORE

The average age of the group ...(~❌MM🚑-P💰)

🔴 All ... are ways ... 🔷 Major Medical🚑 P.⛑️ ⭐️ PREMIUM💰 is determined EXCEPT ❌

Mental illness.

🔴 All of the following are EXCLUDED from coverage in an individual HEALTH insurance policy ЕХСЕРТ ❌

Occupation ...(💰PR📊)

🔴 Among the applicants in the SAME CLASS and LIFE EXPECTANCY, which of the following ⭐️ FACTORS can be used to determine PREMIUM💰 RATES📊?

Guaranteed💯 insurability option🆎

🔴 An individual is purchasing a PERMANENT life insurance policy with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be SURE that 🔷ADDITIONAL COVERAGE⛑️ will be AVAILABLE in the FUTURE. ⭐️ WHICH of the following OPTIONS🆎 should be INCLUDED in the policy?

SOLVENCY requirements👍💰

🔴 BEFORE an INSURER💒 may transact business in a specific state, they must apply for a license or Certificate of Authority from the state department of insurance and ⭐️ MEET ...

It has the HIGHEST amount of insurance protection ...(🔷E.T.)

🔴 Benefit of choosing 🔷 EXTENDED TERM🗓️ As a Nonforfeiture option🆎?

Set rates ...(❌C)

🔴 Commissioner (of Insurance) does NOT❌ have the AUTHORITY to

The company's stock value lowers.

🔴 For which of the following REASONS may 🔷GROUP🏘️ coverage NOT❌ be DISCONTINUED?

80%

🔴According to the 🔷 METAL LEVEL⚜️ classification of health plans, what percentage of health care costs will be covered under a ⭐️ GOLD plan?

Misrepresentation.

🔴An agent who includes a statement which, when taken in context of the whole presentation, may tend to 🔷 MISLEAD or DECEIVE the persons addressed has committed

Misrepresentation ...(❌ Rebating)

🔴An insurance agent visits a potential client and explains various types of policies. The customer displays a lack of interest, so the agent 🔷 GUARANTEES higher DIVIDENDS than he KNOWS would be POSSIBLE. ⭐️ Which TERM describes what the agent has done?

Lower ...(🔷SL)

🔴The PREMIUM💰 of a 🔷 survivorship life policy compared with that of a 🔷 joint life policy would be...

A gatekeeper ♦️HMO🏢 plan to control the costs

🔴 A 🔷 SUBSCRIBER has been treated for a medical condition by his primary care physician for 3 months with experimental remedies without a significant health improvement before being referred to a specialist. ⭐️ Which of the following types of plans does the subscriber have?

As of the APPLICATION 📝 date

🔴 Full PREMIUM💰 submitted WITH APPLICATION 📝 for LI, and policy issued two weeks later as requested. ⭐️ WHEN does policy coverage become EFFECTIVE?

30

🔴 If a person whose license has been temporarily suspended demands a hearing, the ⭐️ Commissioner must hold the HEARING👂 within how many days after receipt of the demand?

Within 10 days of when the policy was DELIVERED

🔴 If an insured is not entirely satisfied with a policy issued, the insured may return it to the insurance company and receive a refund of the entire premium paid, at which of the following times?

Prevent overinsurance.

🔴 In GROUP🏘️ insurance, the primary purpose of the 🔷 Coordination of Benefits provision is to

The person may be denied coverage based SOLELY on the presence of HIV ...(~❌)

🔴 In life insurance UNDERWRITING📝, all of the following are true regarding ⭐️ HIV testing EXCEPT ❌

Settlement options

🔴 METHODS used to pay 🔷 Death Benefits☠️💰 to a Beneficiary upon the insured's Death💀 are called

Completed insurance policy to the POLICYOWNER.

🔴 Policy DELIVERY📦 refers to the delivery of the

Received income TAX FREE😄 by the individual.

🔴 The BENEFITS in 🔷 MEDICAL🚑 Expense Insurance are (TAXED how?)

Protect CONSUMERS against the circulation of inaccurate or obsolete personal or financial information.

🔴 The PURPOSE of the 🔷 Fair Credit Reporting Act is to

Producer👩‍💼 has NO ❌ obligation to the consumer

🔴 When a PRODUCER is making RECOMMENDATIONS for a purchase of an ⭐️ ANNUITY, the producer must consider product SUITABILITY for the consumer. If the CONSUMER decides to ENTER into a transaction NOT❌ BASED ON the producer's RECOMMENDATION, which of the following is TRUE under the ⭐️ SUITABILITY Provision📝?

Stating that dividends are not guaranteed

🔴 Which of the following actions does NOT❌ constitute false advertising?

Eating and dressing

🔴 Which of the following are considered 🔷 ACTIVITIES of DAILY LIVING in most Long-Term Care policies?

Preventative ...(HMO🏢)

🔴 Which of the following best describes the ⭐️ TYPE of CARE provided by HMOs?

becomes part of the ENTIRE CONTRACT📝

🔴What HAPPENS... to the 🔷 📃 COPY of the APPLICATION 📝 for health insurance once the policy is ISSUED?

The insurer does NOT have the right to conduct an autopsy.

🔴Which of the following statements is INCORRECT ❌ ?

GUARANTEED💯 🔷RENEWABLE🔄

🔴🔷MEDICARE🏛️ supplement plan must have at least which of the following ⭐️ renewal provisions?