Minnesota State License Exam 2023 with 100% correct answers

Which of these factors do NOT play a role in the underwriting of a health insurance policy? Avocations Credit status Marital status Occupation Marital Status An individual who in any manner sells, solicits, or negotiates insurance on behalf of insurance companies for compensation is an insurance: solicitor adjuster producer representative producer A disability income policyowner recently submitted a claim for a chronic neck problem that has now resulted in total disability. The original neck injury occurred before the application was taken 5 years prior. The neck injury was never disclosed to the insurer at the time of application. How will the insurer handle this claim? Claim will be paid and coverage will remain in force claim will be denied and coverage will remain in force claim will be denied and coverage will be cancelled claim will be denied, the coverage cancelled, and all premiums paid will be refunded claim will be paid and coverage will remain in force after a policy has been in force for 2, sometimes 3 years, it enters the incontestable period, in which the insurer may not deny a claim based on information not disclosed at the time of application A producer who fails to renew a license may reapply for a license without an examination: within two years after no renewal within one year after no renewal within three years after no renewal at anytime within one year after no renewal a producer who fails to renew a license may reapply for a license without an examination within one year after no renewal. A penalty of twice the unpaid renewal fee must be paid How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? if the primary beneficiary is a minor at the time of the insured's death if the primary beneficiary dies before the insured if the insured died of accidental causes if the insured died of natural causes if the primary beneficiary dies before the insured a contingent beneficiary will receive the policy proceeds if the primary beneficiary dies before the insured's death