Comprehensive Review
Kansas Life and Health
Exam Questions and
Answers
Entire Contract
Ans- is the provision that states that the producer does NOT have the
authority to change the policy or waive any of its provisions
Entire Contract
Ans- is the provision that states that the producer does NOT have the
authority to change the policy or waive any of its provisions
Decreasing Term
,Ans- the automatic load provision can be incorporated into all of these policies
except...
Decreasing Term
Ans- the automatic load provision can be incorporated into all of these policies
except...
variable life insurance
Ans- insurance policy that has a level premium but allows the policy owner to
choose from a selection of investment options
variable life insurance
Ans- insurance policy that has a level premium but allows the policy owner to
choose from a selection of investment options
pre-existing condition clause
Ans- long-term care policy must be waived when a new policy replaces existing
coverage with the same insurer
,pre-existing condition clause
Ans- long-term care policy must be waived when a new policy replaces existing
coverage with the same insurer
Insuring clause/provision (aka Insuring Agreement)
Ans- Summary of coverage including premium & mode of payment, death
benefit, beneficiary(ies), exclusions, & promise to pay.
Insuring clause/provision (aka Insuring Agreement)
Ans- Summary of coverage including premium & mode of payment, death
benefit, beneficiary(ies), exclusions, & promise to pay.
In order to determine if a medicare supplement insurance transaction involves
the replacement of an existing policy, a question regarding replacement Must be
located
Ans- on the application
, In order to determine if a medicare supplement insurance transaction involves
the replacement of an existing policy, a question regarding replacement Must be
located
Ans- on the application
internal limits
Ans- a feature commonly found in health insurance policies that limits the
amounts that will be paid for certain specified expenses, even if the claim does
not exceed overall policy limits
internal limits
Ans- a feature commonly found in health insurance policies that limits the
amounts that will be paid for certain specified expenses, even if the claim does
not exceed overall policy limits
exclusion limit
Ans- limits coverage in an insurance contract
Kansas Life and Health
Exam Questions and
Answers
Entire Contract
Ans- is the provision that states that the producer does NOT have the
authority to change the policy or waive any of its provisions
Entire Contract
Ans- is the provision that states that the producer does NOT have the
authority to change the policy or waive any of its provisions
Decreasing Term
,Ans- the automatic load provision can be incorporated into all of these policies
except...
Decreasing Term
Ans- the automatic load provision can be incorporated into all of these policies
except...
variable life insurance
Ans- insurance policy that has a level premium but allows the policy owner to
choose from a selection of investment options
variable life insurance
Ans- insurance policy that has a level premium but allows the policy owner to
choose from a selection of investment options
pre-existing condition clause
Ans- long-term care policy must be waived when a new policy replaces existing
coverage with the same insurer
,pre-existing condition clause
Ans- long-term care policy must be waived when a new policy replaces existing
coverage with the same insurer
Insuring clause/provision (aka Insuring Agreement)
Ans- Summary of coverage including premium & mode of payment, death
benefit, beneficiary(ies), exclusions, & promise to pay.
Insuring clause/provision (aka Insuring Agreement)
Ans- Summary of coverage including premium & mode of payment, death
benefit, beneficiary(ies), exclusions, & promise to pay.
In order to determine if a medicare supplement insurance transaction involves
the replacement of an existing policy, a question regarding replacement Must be
located
Ans- on the application
, In order to determine if a medicare supplement insurance transaction involves
the replacement of an existing policy, a question regarding replacement Must be
located
Ans- on the application
internal limits
Ans- a feature commonly found in health insurance policies that limits the
amounts that will be paid for certain specified expenses, even if the claim does
not exceed overall policy limits
internal limits
Ans- a feature commonly found in health insurance policies that limits the
amounts that will be paid for certain specified expenses, even if the claim does
not exceed overall policy limits
exclusion limit
Ans- limits coverage in an insurance contract
