Idaho Life and Health Final Exam
2023-
2024 All Possible Questions and
Answers Verified
What are the benefits that must be provided by an individual health
insurance policy for
prenatal, maternity, and delivery expenses? Ans- 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? Ans- Becoming cognitively impaired
(mentally ill)
How many days is the grace period for payment of premiums in individual
life insurance
policies? Ans-
30
According to the Idaho Insurance Code, which of the following MUSt a
producer do when replacing a Life Insurance policy? Ans- 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? Ans- 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 Ans- 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
Ans- 100%
of the allowed
amount.
In what part of an insurance policy are policy benefits found? Ans-
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.
Idaho Life and Health
, Which of the following is NOT included in an entire contract provision?
Ans- Changes
made by the
producer.
A producer's fiduciary responsibility includes which of the following
activities? Ans-
Being responsible for all funds collected from
clients.
Which part of the following does Medicare Part D cover? Ans- Prescription
drugs.
Which of the following would be considered an underwriting duty of an
agent? Ans-
Completing all applications and collecting initial
premiums.
Which of the following is not considered advertising? Ans- A rating
from a rating
service such as A.M
Best.
All of these statements concerning whole life insurance are false EXCEPT
Ans- When
a whole life policy is surrendered, income taxes may
be owed.
All of the following occurrences may result in license revocation
EXCEPT Ans-
Producing an inadequate amount of new
premium.
Which of the following nursing home options would best suit an
individual who needs
some nursing care and supervision but not full-time care? Ans-
Assisted living
facilitie
s.
Which of these statements regarding the annuitant is CORRECT?
Ans- The
annuitant's life expectancy determines the annuity
payments.
A temporary producer license can be issues in any of the following
circumstances EXCEPT Ans- A prospective producer who is enrolled in an
insurance pre-license class.
All of the following statements requiring the reinstatement of a life
insurance policy are
correct EXCEPT? Ans- A policy may be reinstated without proof of
insurability.
Sole proprietors are permitted tax deductions for health costs paid from
their earnings in
Idaho Life and Health
2023-
2024 All Possible Questions and
Answers Verified
What are the benefits that must be provided by an individual health
insurance policy for
prenatal, maternity, and delivery expenses? Ans- 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? Ans- Becoming cognitively impaired
(mentally ill)
How many days is the grace period for payment of premiums in individual
life insurance
policies? Ans-
30
According to the Idaho Insurance Code, which of the following MUSt a
producer do when replacing a Life Insurance policy? Ans- 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? Ans- 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 Ans- 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
Ans- 100%
of the allowed
amount.
In what part of an insurance policy are policy benefits found? Ans-
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.
Idaho Life and Health
, Which of the following is NOT included in an entire contract provision?
Ans- Changes
made by the
producer.
A producer's fiduciary responsibility includes which of the following
activities? Ans-
Being responsible for all funds collected from
clients.
Which part of the following does Medicare Part D cover? Ans- Prescription
drugs.
Which of the following would be considered an underwriting duty of an
agent? Ans-
Completing all applications and collecting initial
premiums.
Which of the following is not considered advertising? Ans- A rating
from a rating
service such as A.M
Best.
All of these statements concerning whole life insurance are false EXCEPT
Ans- When
a whole life policy is surrendered, income taxes may
be owed.
All of the following occurrences may result in license revocation
EXCEPT Ans-
Producing an inadequate amount of new
premium.
Which of the following nursing home options would best suit an
individual who needs
some nursing care and supervision but not full-time care? Ans-
Assisted living
facilitie
s.
Which of these statements regarding the annuitant is CORRECT?
Ans- The
annuitant's life expectancy determines the annuity
payments.
A temporary producer license can be issues in any of the following
circumstances EXCEPT Ans- A prospective producer who is enrolled in an
insurance pre-license class.
All of the following statements requiring the reinstatement of a life
insurance policy are
correct EXCEPT? Ans- A policy may be reinstated without proof of
insurability.
Sole proprietors are permitted tax deductions for health costs paid from
their earnings in
Idaho Life and Health
