Maryland Health and Life Insurance Exam
Questions With Correct Answers
All Medicare supplement policies sold during the open enrollment period MUST
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be issued regardless of health statusThe
| | | | |
Which of the following best describes the purpose of HIPAA?
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To reduce a pre-existing condition waiting period when coverage is sought for a
| | | | | | | | | | | | |
new medical plan
| |
A single-life annuity only has ONE
| | | | |
annuitant
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
| | | | | | | | |
waiver under new coverage is lost ifN
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there is a break in coverage of more than 63 days
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The interest paid during an annuity's payout period is considered
| | | | | | | | |
, taxable as ordinary income
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Which of the following can be defined as a cause of a loss?
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Peril
An insured, age 67, is covered under a disability income policy. What will the
| | | | | | | | | | | | | |
insurer normally require in order for the insured to continue coverage?
| | | | | | | | | |
The insured must be actively at work for a specified number of hours per week
| | | | | | | | | | | | | |
Death proceeds from a life insurance policy are typically included in a deceased
| | | | | | | | | | | | |
insured's gross estate | |
for federal income tax reasons
| | | |
A Guaranteed Renewable provision allows
| | | |
premiums which can only be increased per rate class
| | | | | | | |
What is the minimum age required for open enrollment in Medicare Supplement
| | | | | | | | | | | |
insurance?
No minimum age required
| | |
Questions With Correct Answers
All Medicare supplement policies sold during the open enrollment period MUST
| | | | | | | | | |
be issued regardless of health statusThe
| | | | |
Which of the following best describes the purpose of HIPAA?
| | | | | | | | |
To reduce a pre-existing condition waiting period when coverage is sought for a
| | | | | | | | | | | | |
new medical plan
| |
A single-life annuity only has ONE
| | | | |
annuitant
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion
| | | | | | | | |
waiver under new coverage is lost ifN
| | | | | |
there is a break in coverage of more than 63 days
| | | | | | | | | |
The interest paid during an annuity's payout period is considered
| | | | | | | | |
, taxable as ordinary income
| | |
Which of the following can be defined as a cause of a loss?
| | | | | | | | | | | |
Peril
An insured, age 67, is covered under a disability income policy. What will the
| | | | | | | | | | | | | |
insurer normally require in order for the insured to continue coverage?
| | | | | | | | | |
The insured must be actively at work for a specified number of hours per week
| | | | | | | | | | | | | |
Death proceeds from a life insurance policy are typically included in a deceased
| | | | | | | | | | | | |
insured's gross estate | |
for federal income tax reasons
| | | |
A Guaranteed Renewable provision allows
| | | |
premiums which can only be increased per rate class
| | | | | | | |
What is the minimum age required for open enrollment in Medicare Supplement
| | | | | | | | | | | |
insurance?
No minimum age required
| | |
