In which plans do employers make specific contributions to an employee's retirement
account?
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Defined contribution plans
A participating life insurance policy is defined as a contract that
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Allows the policyowner to receive a share of surplus in the form of policy
dividends
,If an insurer is not able to meet financial obligations when due, the insurer would be
considered:
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Insolvent
An insured bought a $150,000 non-participating whole life policy many years ago. She
is 100 years old today. She has never borrowed from the policy, and has made all
premium payments when due. The policy cash value is:
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$150,000
Which of these statements is not true with regard to insurers and policies that provide
Medicare supplement coverage?
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The insurers are prohibited from any exclusion for all preexisting conditions
What is the purpose of "key person" insurance?
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, To cover decreased business earnings due to the death of a key employee
The purpose of laws regarding the replacement of life and annuity contracts includes
all of the following, EXCEPT:
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To protect the interests of life insurers and their agents
A health insurance co payment is:
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A payment paid by the insured to the provider for the service
Which of the following gives individuals the right to purchase additional life insurance
regardless of their insurability?
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Guaranteed insurability
In group insurance the Certificates of Insurance are issued to:
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, The group members
The passage of worker's compensation legislation meant:
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Employers would be held responsible for the cost of their employee's work
injuries regardless of fault
In a 6-year vesting schedule, what percentage of employer contributions must be
vested after 6 years?
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100%
A provision stating that health insured's and their insurers will share covered losses in
an agreed proportion is called:
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Co-insurance
If a policy contains benefits for community-based services or home care, they must
cover:
1 Hospice care
account?
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Defined contribution plans
A participating life insurance policy is defined as a contract that
Give this one a try later!
Allows the policyowner to receive a share of surplus in the form of policy
dividends
,If an insurer is not able to meet financial obligations when due, the insurer would be
considered:
Give this one a try later!
Insolvent
An insured bought a $150,000 non-participating whole life policy many years ago. She
is 100 years old today. She has never borrowed from the policy, and has made all
premium payments when due. The policy cash value is:
Give this one a try later!
$150,000
Which of these statements is not true with regard to insurers and policies that provide
Medicare supplement coverage?
Give this one a try later!
The insurers are prohibited from any exclusion for all preexisting conditions
What is the purpose of "key person" insurance?
Give this one a try later!
, To cover decreased business earnings due to the death of a key employee
The purpose of laws regarding the replacement of life and annuity contracts includes
all of the following, EXCEPT:
Give this one a try later!
To protect the interests of life insurers and their agents
A health insurance co payment is:
Give this one a try later!
A payment paid by the insured to the provider for the service
Which of the following gives individuals the right to purchase additional life insurance
regardless of their insurability?
Give this one a try later!
Guaranteed insurability
In group insurance the Certificates of Insurance are issued to:
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, The group members
The passage of worker's compensation legislation meant:
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Employers would be held responsible for the cost of their employee's work
injuries regardless of fault
In a 6-year vesting schedule, what percentage of employer contributions must be
vested after 6 years?
Give this one a try later!
100%
A provision stating that health insured's and their insurers will share covered losses in
an agreed proportion is called:
Give this one a try later!
Co-insurance
If a policy contains benefits for community-based services or home care, they must
cover:
1 Hospice care
