Alabama Insurance Producer License Test | 90 Questions with 100% Correct Answers | Verified | Latest Update 2024

Employer health plans must provide primary coverage for individuals with end-stage renal disease before medicare becomes primary care for how many months? - 30 months the sole beneficiary of a life insurance policy dies before the insured. the policy will then go to? - The insured's estate An insured buys a 5-year level premium term policy with a face amount of $100,000. The policy also contains renewability and convertibility options. When the insured renews the policy in five years, what happens to the premium? - it increases because they are 5 years older and not fit into an older homogenous group. Workers Comp is regulated by? - State Government All the following are dividend options except: - Fixed period installments. which of the following is NOT the consideration in a policy? - The application given to a prospective insured. When the insured selects that extended term nonforfeiture option, the cas value will be used to purchase term insurance with what face amount? - Equal to the original policy for as long as the cash values will purchase. When the policy premium wasn't submitted with the application, what should the agent obtain from the insured upon policy delivery? - a statement of good health