Idaho Life and Health Final Exam with
answers
What are the benefits that must be provided by an
individual health insurance policy for prenatal, maternity,
and delivery expenses? - CORRECT ANSWERS
✔✔Prenatal, maternity, and delivery expenses are
required to be covered under all health plans subject to
the same deductible and coinsurance as other medical
and surgical expenses.
Which situation would qualify an individual for receiving
benefits from a qualified long-term care policy? -
CORRECT ANSWERS ✔✔Becoming cognitively impaired
(mentally ill)
How many days is the grace period for payment of
premiums in individual life insurance policies? - CORRECT
ANSWERS ✔✔30
According to the Idaho Insurance Code, which of the
following MUSt a producer do when replacing a Life
Insurance policy? - CORRECT ANSWERS ✔✔Submit to the
replacing insurer a list of all Life Insurance policies or
annuity contracts proposed to be replaced.
,A hospital or medical expenses policy will typically cover
dental treatment expenses under which circumstance? -
CORRECT ANSWERS ✔✔Dental treatment is needed to
repair an injury.
An insured and the policy's beneficiary die from the same
accident. The common disaster provision states the
insurer will continue as if - CORRECT ANSWERS ✔✔The
insured outlived the beneficiary.
A closed network plan offers a primary physical copay of
$25. If a subscriber chooses a primary care physician
outside of the network, the subscriber will likely pay -
CORRECT ANSWERS ✔✔100% of the allowed amount.
In what part of an insurance policy are policy benefits
found? - CORRECT ANSWERS ✔✔Declarations. The
Declaration page is like a quick guide to in insurance
policy, providing all of the basic information the policy
holder needs to know.
Which of the following is NOT included in an entire
contract provision? - CORRECT ANSWERS ✔✔Changes
made by the producer.
, A producer's fiduciary responsibility includes which of the
following activities? - CORRECT ANSWERS ✔✔Being
responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover? -
CORRECT ANSWERS ✔✔Prescription drugs.
Which of the following would be considered an
underwriting duty of an agent? - CORRECT ANSWERS
✔✔Completing all applications and collecting initial
premiums.
Which of the following is not considered advertising? -
CORRECT ANSWERS ✔✔A rating from a rating service
such as A.M Best.
All of these statements concerning whole life insurance
are false EXCEPT - CORRECT ANSWERS ✔✔When a whole
life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license
revocation EXCEPT - CORRECT ANSWERS ✔✔Producing an
inadequate amount of new premium.
answers
What are the benefits that must be provided by an
individual health insurance policy for prenatal, maternity,
and delivery expenses? - CORRECT ANSWERS
✔✔Prenatal, maternity, and delivery expenses are
required to be covered under all health plans subject to
the same deductible and coinsurance as other medical
and surgical expenses.
Which situation would qualify an individual for receiving
benefits from a qualified long-term care policy? -
CORRECT ANSWERS ✔✔Becoming cognitively impaired
(mentally ill)
How many days is the grace period for payment of
premiums in individual life insurance policies? - CORRECT
ANSWERS ✔✔30
According to the Idaho Insurance Code, which of the
following MUSt a producer do when replacing a Life
Insurance policy? - CORRECT ANSWERS ✔✔Submit to the
replacing insurer a list of all Life Insurance policies or
annuity contracts proposed to be replaced.
,A hospital or medical expenses policy will typically cover
dental treatment expenses under which circumstance? -
CORRECT ANSWERS ✔✔Dental treatment is needed to
repair an injury.
An insured and the policy's beneficiary die from the same
accident. The common disaster provision states the
insurer will continue as if - CORRECT ANSWERS ✔✔The
insured outlived the beneficiary.
A closed network plan offers a primary physical copay of
$25. If a subscriber chooses a primary care physician
outside of the network, the subscriber will likely pay -
CORRECT ANSWERS ✔✔100% of the allowed amount.
In what part of an insurance policy are policy benefits
found? - CORRECT ANSWERS ✔✔Declarations. The
Declaration page is like a quick guide to in insurance
policy, providing all of the basic information the policy
holder needs to know.
Which of the following is NOT included in an entire
contract provision? - CORRECT ANSWERS ✔✔Changes
made by the producer.
, A producer's fiduciary responsibility includes which of the
following activities? - CORRECT ANSWERS ✔✔Being
responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover? -
CORRECT ANSWERS ✔✔Prescription drugs.
Which of the following would be considered an
underwriting duty of an agent? - CORRECT ANSWERS
✔✔Completing all applications and collecting initial
premiums.
Which of the following is not considered advertising? -
CORRECT ANSWERS ✔✔A rating from a rating service
such as A.M Best.
All of these statements concerning whole life insurance
are false EXCEPT - CORRECT ANSWERS ✔✔When a whole
life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license
revocation EXCEPT - CORRECT ANSWERS ✔✔Producing an
inadequate amount of new premium.
