Life and Health Insurance Exam
Quiz_________________?
10,000 -
ANSWER✅
Under the USA Patriot Act, insurers are required to report receipt of cash payments in
excess of
Quiz_________________?
10% penalty is applied to withdrawls before age 59 1/2 -
ANSWER✅
All of the following statements about traditional individual retirement accounts are false
EXCEPT
1)10% penalty is applied to withdrawals after age 59 1/2
2)withdrawals are normally tax free to the recipient
3)10% penalty is applied to withdrawals before age 59 1/2
4)Contributions are not tax deductible
Quiz_________________?
20 -
ANSWER✅
1
, An insured must notify an insurer of a medical claim within how many days after an
accident?
Quiz_________________?
20-Pay Life accumulates cash value faster than Straight Life -
ANSWER✅
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate
cash value at a faster rate in the early years of the policy. Which of these statements made
by the producer would be correct?
Quiz_________________?
30 days of termination date -
ANSWER✅
Prior to a universal life insurance policy being terminated, written notice must be given to
the policyowner at least
Quiz_________________?
31 days -
ANSWER✅
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of
time after the premium due date during which the policy remains in force even though the
premium has not been paid?
Quiz_________________?
50% -
ANSWER✅
2
, When an insured receives chiropractic service, the co-payment may not exceed ___ of the
total cost of providing the service.
1)30%
2)40%
3)50%
4)60%
Quiz_________________?
65 -
ANSWER✅
A non disabled individual is first eligible for a Medicare supplement policy at the age of
Quiz_________________?
2001 -
ANSWER✅
The USA Patriot Act was enacted in
Quiz_________________?
A certificate of authority to transact business in Missouri -
ANSWER✅
A foreign insurance company cannot conduct business in Missouri without a
1)approval of the NAIC
2)a certificate of authority to transact business in Missouri
3)a waiver from their home state
4)reaching a minimum level of sales
3
Quiz_________________?
10,000 -
ANSWER✅
Under the USA Patriot Act, insurers are required to report receipt of cash payments in
excess of
Quiz_________________?
10% penalty is applied to withdrawls before age 59 1/2 -
ANSWER✅
All of the following statements about traditional individual retirement accounts are false
EXCEPT
1)10% penalty is applied to withdrawals after age 59 1/2
2)withdrawals are normally tax free to the recipient
3)10% penalty is applied to withdrawals before age 59 1/2
4)Contributions are not tax deductible
Quiz_________________?
20 -
ANSWER✅
1
, An insured must notify an insurer of a medical claim within how many days after an
accident?
Quiz_________________?
20-Pay Life accumulates cash value faster than Straight Life -
ANSWER✅
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate
cash value at a faster rate in the early years of the policy. Which of these statements made
by the producer would be correct?
Quiz_________________?
30 days of termination date -
ANSWER✅
Prior to a universal life insurance policy being terminated, written notice must be given to
the policyowner at least
Quiz_________________?
31 days -
ANSWER✅
According to the Mandatory Uniform Policy Provisions, what is the maximum amount of
time after the premium due date during which the policy remains in force even though the
premium has not been paid?
Quiz_________________?
50% -
ANSWER✅
2
, When an insured receives chiropractic service, the co-payment may not exceed ___ of the
total cost of providing the service.
1)30%
2)40%
3)50%
4)60%
Quiz_________________?
65 -
ANSWER✅
A non disabled individual is first eligible for a Medicare supplement policy at the age of
Quiz_________________?
2001 -
ANSWER✅
The USA Patriot Act was enacted in
Quiz_________________?
A certificate of authority to transact business in Missouri -
ANSWER✅
A foreign insurance company cannot conduct business in Missouri without a
1)approval of the NAIC
2)a certificate of authority to transact business in Missouri
3)a waiver from their home state
4)reaching a minimum level of sales
3
