NYS Life, accident, and health insurance
Exam QUESTIONS AND ANSWERS
Which ‘/type ‘/of ‘/life ‘/insurance ‘/policy ‘/is ‘/best ‘/suited ‘/for ‘/paying ‘/off ‘/the ‘/outstanding
‘/balance ‘/of ‘/a ‘/30-year ‘/mortgage ‘/in ‘/the ‘/event ‘/of ‘/the ‘/insured's ‘/death? ‘/- ‘/(correct
‘/answer) ‘/-30-year ‘/decreasing ‘/term.
How ‘/many ‘/days ‘/notice ‘/does ‘/the ‘/ACA ‘/require ‘/insurers ‘/to ‘/give ‘/before ‘/rescinding
‘/coverage? ‘/- ‘/(correct ‘/answer) ‘/-30
A ‘/signed ‘/good ‘/health ‘/statement ‘/may ‘/be ‘/requested ‘/by ‘/a ‘/life ‘/producer ‘/at ‘/the ‘/time ‘/of
‘/- ‘/(correct ‘/answer) ‘/-Policy ‘/Delivery
Carol ‘/purchases ‘/a ‘/whole ‘/life ‘/policy ‘/that ‘/provides ‘/a ‘/choice ‘/of ‘/dividend ‘/options. ‘/This
‘/policy ‘/is ‘/required ‘/to ‘/include ‘/a ‘/statement ‘/that ‘/the ‘/dividends ‘/are ‘/- ‘/(correct ‘/answer) ‘/-
Not ‘/Guaranteeed
Tim ‘/is ‘/confined ‘/to ‘/a ‘/nursing ‘/home ‘/but ‘/doesn't ‘/have ‘/a ‘/terminal ‘/illness. ‘/Which ‘/life
‘/insurance ‘/rider ‘/is ‘/designed ‘/to ‘/help ‘/pay ‘/for ‘/this ‘/type ‘/of ‘/expense? ‘/- ‘/(correct ‘/answer)
‘/-Long-term ‘/care ‘/benefit ‘/rider
An ‘/insured ‘/is ‘/covered ‘/under ‘/a ‘/group ‘/long-term ‘/disability ‘/policy. ‘/Under ‘/this ‘/type ‘/of
‘/policy, ‘/the ‘/definition ‘/of ‘/disability ‘/based ‘/on ‘/any ‘/occupation ‘/typically ‘/applies ‘/- ‘/(correct
‘/answer) ‘/-After ‘/two ‘/years ‘/of ‘/disability
Sylvia ‘/purchased ‘/an ‘/annuity ‘/for ‘/$100,000 ‘/from ‘/the ‘/proceeds ‘/of ‘/an ‘/inheritance. ‘/No
‘/further ‘/payments ‘/are ‘/permitted ‘/and ‘/the ‘/income ‘/stream ‘/begins ‘/in ‘/15 ‘/years. ‘/This
‘/contract ‘/is ‘/a(n) ‘/- ‘/(correct ‘/answer) ‘/-Single ‘/premium ‘/deferred ‘/annuity
Which ‘/of ‘/these ‘/is ‘/NOT ‘/a ‘/factor ‘/that ‘/influences ‘/group ‘/health ‘/insurance ‘/underwriting? ‘/-
‘/(correct ‘/answer) ‘/-Physical ‘/exams ‘/of ‘/group ‘/members
What ‘/is ‘/the ‘/grace ‘/period ‘/required ‘/for ‘/an ‘/individual ‘/accident ‘/and ‘/health ‘/insurance
‘/policy ‘/with ‘/monthly ‘/premiums? ‘/- ‘/(correct ‘/answer) ‘/-10 ‘/days
In ‘/regards ‘/to ‘/technology ‘/and ‘/the ‘/ACA, ‘/which ‘/of ‘/the ‘/following ‘/statements ‘/is ‘/correct? ‘/-
‘/(correct ‘/answer) ‘/-States ‘/which ‘/operate ‘/with ‘/an ‘/Exchange ‘/must ‘/offer ‘/an ‘/internet-based
‘/portal
,Insurable ‘/interest ‘/involves ‘/what ‘/assumption? ‘/- ‘/(correct ‘/answer) ‘/-One ‘/person ‘/benefits
‘/from ‘/another ‘/person's ‘/continued ‘/life
Which ‘/of ‘/these ‘/policies ‘/is ‘/considered ‘/a ‘/whole ‘/life ‘/policy? ‘/- ‘/(correct ‘/answer) ‘/-Single
‘/premium ‘/life
Which ‘/of ‘/the ‘/following ‘/would ‘/be ‘/considered ‘/an ‘/unfair ‘/claims ‘/settlement ‘/practice? ‘/-
‘/(correct ‘/answer) ‘/-Misrepresenting ‘/pertinent ‘/policy ‘/provisions ‘/relating ‘/to ‘/coverage ‘/after ‘/a
‘/loss
A ‘/policyowner ‘/is ‘/permitted ‘/to ‘/take ‘/out ‘/a ‘/policy ‘/loan ‘/on ‘/a ‘/whole ‘/life ‘/policy ‘/at ‘/what
‘/point? ‘/- ‘/(correct ‘/answer) ‘/-When ‘/the ‘/policy ‘/has ‘/a ‘/cash ‘/value
Which ‘/of ‘/these ‘/is ‘/NOT ‘/a ‘/factor ‘/during ‘/the ‘/health ‘/insurance ‘/underwriting ‘/process? ‘/-
‘/(correct ‘/answer) ‘/-Former ‘/residence
New ‘/York ‘/workers ‘/compensation ‘/laws ‘/exclude ‘/benefits ‘/for ‘/disabilities ‘/caused ‘/by ‘/-
‘/(correct ‘/answer) ‘/-Intentional, ‘/self-inflicted ‘/injuries ‘/occurring ‘/on ‘/the ‘/job
When ‘/premiums ‘/are ‘/determined, ‘/one ‘/factor ‘/would ‘/be ‘/the ‘/expenses ‘/of ‘/the ‘/- ‘/(correct
‘/answer) ‘/-Insurer
Scott ‘/has ‘/a ‘/life ‘/insurance ‘/policy ‘/in ‘/which ‘/the ‘/dividends ‘/are ‘/left ‘/with ‘/the ‘/insurance
‘/company. ‘/This ‘/particular ‘/policy ‘/may ‘/be ‘/paid ‘/up ‘/when ‘/the ‘/cash ‘/value ‘/plus
‘/accumulated ‘/dividends ‘/- ‘/(correct ‘/answer) ‘/-equal ‘/the ‘/net ‘/single ‘/premium ‘/for ‘/the ‘/same
‘/face ‘/amount ‘/at ‘/the ‘/insured's ‘/attained ‘/age
During ‘/open ‘/enrollment ‘/for ‘/Medicare ‘/Supplement ‘/coverage, ‘/an ‘/applicant ‘/MUST ‘/be ‘/at
‘/least ‘/- ‘/(correct ‘/answer) ‘/-There ‘/is ‘/no ‘/minimum ‘/age ‘/requirement
What ‘/happens ‘/to ‘/the ‘/cash ‘/value ‘/of ‘/a ‘/market ‘/value ‘/adjusted ‘/annuity ‘/if ‘/it's
‘/surrendered ‘/prior ‘/to ‘/the ‘/end ‘/of ‘/the ‘/stated ‘/guarantee ‘/period? ‘/- ‘/(correct ‘/answer) ‘/-
Subject ‘/to ‘/market ‘/value ‘/adjustment
Which ‘/of ‘/the ‘/following ‘/contracts ‘/offer ‘/deferred ‘/taxation, ‘/flexible ‘/payments, ‘/a ‘/guaranteed
‘/interest ‘/rate, ‘/and ‘/death ‘/benefits ‘/equal ‘/to ‘/the ‘/cash ‘/value? ‘/- ‘/(correct ‘/answer) ‘/-Flexible
‘/premium ‘/fixed ‘/annuity
Tonya ‘/has ‘/been ‘/diagnosed ‘/with ‘/kidney ‘/failure ‘/and ‘/has ‘/group ‘/accident ‘/and ‘/health
‘/insurance ‘/through ‘/her ‘/large ‘/employer. ‘/Which ‘/of ‘/these ‘/accident ‘/and ‘/health ‘/plans ‘/will
‘/be ‘/primary ‘/during ‘/the ‘/months ‘/following ‘/her ‘/diagnosis? ‘/- ‘/(correct ‘/answer) ‘/-Her
‘/employer's ‘/group ‘/accident ‘/and ‘/health ‘/plan
Which ‘/statement ‘/regarding ‘/the ‘/certificate ‘/of ‘/insurance ‘/is ‘/accurate? ‘/- ‘/(correct ‘/answer) ‘/-
It ‘/indicates ‘/evidence ‘/of ‘/an ‘/employee's ‘/insurance ‘/coverage
, According ‘/to ‘/the ‘/ACA, ‘/the ‘/proportion ‘/of ‘/premium ‘/revenues ‘/spent ‘/on ‘/clinical ‘/services
‘/and ‘/quality ‘/improvements ‘/is ‘/called ‘/the ‘/- ‘/(correct ‘/answer) ‘/-Medical ‘/loss ‘/ratio
Which ‘/of ‘/the ‘/following ‘/statements ‘/regarding ‘/the ‘/Fair ‘/Credit ‘/Reporting ‘/Act ‘/is ‘/correct? ‘/-
‘/(correct ‘/answer) ‘/-If ‘/credit, ‘/insurance, ‘/or ‘/employment ‘/was ‘/denied ‘/because ‘/of ‘/an
‘/unfavorable ‘/report, ‘/the ‘/consumer ‘/must ‘/be ‘/advised
According ‘/to ‘/the ‘/ACA, ‘/insurers ‘/can ‘/no ‘/longer ‘/deny ‘/health ‘/coverage ‘/due ‘/to ‘/pre-
exsisting ‘/conditions ‘/unless ‘/that ‘/plan ‘/is ‘/a ‘/- ‘/(correct ‘/answer) ‘/-Grandfathered ‘/plan
Which ‘/item ‘/must ‘/be ‘/considered ‘/by ‘/an ‘/agent ‘/when ‘/determining ‘/the ‘/suitability ‘/of ‘/an
‘/annuity ‘/recommendation? ‘/- ‘/(correct ‘/answer) ‘/-The ‘/client's ‘/financial ‘/status
An ‘/applicant ‘/submits ‘/a ‘/life ‘/insurance ‘/application ‘/where ‘/an ‘/investigative ‘/consumer ‘/report
‘/is ‘/used ‘/in ‘/the ‘/underwriting ‘/process. ‘/Which ‘/of ‘/these ‘/statements ‘/is ‘/true? ‘/- ‘/(correct
‘/answer) ‘/-Applicant ‘/has ‘/a ‘/right ‘/to ‘/receive ‘/a ‘/copy ‘/of ‘/the ‘/report
If ‘/group ‘/Health ‘/benefit ‘/levels ‘/are ‘/too ‘/high, ‘/what ‘/could ‘/be ‘/the ‘/end ‘/result? ‘/- ‘/(correct
‘/answer) ‘/-Overutilization ‘/of ‘/the ‘/plan
A ‘/life ‘/insurance ‘/producer ‘/licensed ‘/in ‘/New ‘/York ‘/is ‘/authorized ‘/to ‘/- ‘/(correct ‘/answer) ‘/-
Solicit, ‘/receive ‘/and ‘/forward ‘/applications ‘/to ‘/the ‘/insurer
A ‘/group-owned ‘/insurance ‘/company ‘/that ‘/is ‘/formed ‘/to ‘/assume ‘/and ‘/spread ‘/the ‘/liability
‘/risks ‘/of ‘/its ‘/members ‘/is ‘/known ‘/as ‘/a ‘/- ‘/(correct ‘/answer) ‘/-Risk ‘/retention ‘/group
Any ‘/employee ‘/insured ‘/under ‘/a ‘/group ‘/life ‘/insurance ‘/plan ‘/is ‘/normally ‘/- ‘/(correct ‘/answer)
‘/-Covered ‘/with ‘/term ‘/life ‘/insurance
A ‘/life ‘/insurance ‘/guaranteed ‘/insurability ‘/rider ‘/gives ‘/the ‘/insured ‘/the ‘/right, ‘/without
‘/proving ‘/insurability, ‘/to ‘/- ‘/(correct ‘/answer) ‘/-Periodically ‘/purchase ‘/additional ‘/insurance
A ‘/policy ‘/owner ‘/has ‘/decided ‘/to ‘/replace ‘/an ‘/existing ‘/life ‘/insurance ‘/policy ‘/with ‘/a ‘/new
‘/one. ‘/The ‘/existing ‘/life ‘/policy ‘/should ‘/be ‘/terminated ‘/- ‘/(correct ‘/answer) ‘/-After ‘/the ‘/new
‘/life ‘/policy ‘/has ‘/been ‘/issued ‘/and ‘/delivered ‘/to ‘/the ‘/policy ‘/owner
Which ‘/of ‘/the ‘/following ‘/is ‘/NOT ‘/a ‘/function ‘/of ‘/accident ‘/and ‘/health ‘/insurance? ‘/- ‘/(correct
‘/answer) ‘/-Pays ‘/a ‘/death ‘/benefit ‘/as ‘/a ‘/result ‘/of ‘/natural ‘/causes
What ‘/typically ‘/changes ‘/at ‘/the ‘/re-entry ‘/option ‘/date ‘/found ‘/in ‘/some ‘/term ‘/life ‘/policies? ‘/-
‘/(correct ‘/answer) ‘/-Premium
When ‘/an ‘/illustration ‘/is ‘/used ‘/in ‘/the ‘/sale ‘/of ‘/a ‘/life ‘/insurance ‘/policy, ‘/the ‘/illustration
‘/MUST ‘/contain ‘/a ‘/statement ‘/signed ‘/by ‘/the ‘/- ‘/(correct ‘/answer) ‘/-Agent
Exam QUESTIONS AND ANSWERS
Which ‘/type ‘/of ‘/life ‘/insurance ‘/policy ‘/is ‘/best ‘/suited ‘/for ‘/paying ‘/off ‘/the ‘/outstanding
‘/balance ‘/of ‘/a ‘/30-year ‘/mortgage ‘/in ‘/the ‘/event ‘/of ‘/the ‘/insured's ‘/death? ‘/- ‘/(correct
‘/answer) ‘/-30-year ‘/decreasing ‘/term.
How ‘/many ‘/days ‘/notice ‘/does ‘/the ‘/ACA ‘/require ‘/insurers ‘/to ‘/give ‘/before ‘/rescinding
‘/coverage? ‘/- ‘/(correct ‘/answer) ‘/-30
A ‘/signed ‘/good ‘/health ‘/statement ‘/may ‘/be ‘/requested ‘/by ‘/a ‘/life ‘/producer ‘/at ‘/the ‘/time ‘/of
‘/- ‘/(correct ‘/answer) ‘/-Policy ‘/Delivery
Carol ‘/purchases ‘/a ‘/whole ‘/life ‘/policy ‘/that ‘/provides ‘/a ‘/choice ‘/of ‘/dividend ‘/options. ‘/This
‘/policy ‘/is ‘/required ‘/to ‘/include ‘/a ‘/statement ‘/that ‘/the ‘/dividends ‘/are ‘/- ‘/(correct ‘/answer) ‘/-
Not ‘/Guaranteeed
Tim ‘/is ‘/confined ‘/to ‘/a ‘/nursing ‘/home ‘/but ‘/doesn't ‘/have ‘/a ‘/terminal ‘/illness. ‘/Which ‘/life
‘/insurance ‘/rider ‘/is ‘/designed ‘/to ‘/help ‘/pay ‘/for ‘/this ‘/type ‘/of ‘/expense? ‘/- ‘/(correct ‘/answer)
‘/-Long-term ‘/care ‘/benefit ‘/rider
An ‘/insured ‘/is ‘/covered ‘/under ‘/a ‘/group ‘/long-term ‘/disability ‘/policy. ‘/Under ‘/this ‘/type ‘/of
‘/policy, ‘/the ‘/definition ‘/of ‘/disability ‘/based ‘/on ‘/any ‘/occupation ‘/typically ‘/applies ‘/- ‘/(correct
‘/answer) ‘/-After ‘/two ‘/years ‘/of ‘/disability
Sylvia ‘/purchased ‘/an ‘/annuity ‘/for ‘/$100,000 ‘/from ‘/the ‘/proceeds ‘/of ‘/an ‘/inheritance. ‘/No
‘/further ‘/payments ‘/are ‘/permitted ‘/and ‘/the ‘/income ‘/stream ‘/begins ‘/in ‘/15 ‘/years. ‘/This
‘/contract ‘/is ‘/a(n) ‘/- ‘/(correct ‘/answer) ‘/-Single ‘/premium ‘/deferred ‘/annuity
Which ‘/of ‘/these ‘/is ‘/NOT ‘/a ‘/factor ‘/that ‘/influences ‘/group ‘/health ‘/insurance ‘/underwriting? ‘/-
‘/(correct ‘/answer) ‘/-Physical ‘/exams ‘/of ‘/group ‘/members
What ‘/is ‘/the ‘/grace ‘/period ‘/required ‘/for ‘/an ‘/individual ‘/accident ‘/and ‘/health ‘/insurance
‘/policy ‘/with ‘/monthly ‘/premiums? ‘/- ‘/(correct ‘/answer) ‘/-10 ‘/days
In ‘/regards ‘/to ‘/technology ‘/and ‘/the ‘/ACA, ‘/which ‘/of ‘/the ‘/following ‘/statements ‘/is ‘/correct? ‘/-
‘/(correct ‘/answer) ‘/-States ‘/which ‘/operate ‘/with ‘/an ‘/Exchange ‘/must ‘/offer ‘/an ‘/internet-based
‘/portal
,Insurable ‘/interest ‘/involves ‘/what ‘/assumption? ‘/- ‘/(correct ‘/answer) ‘/-One ‘/person ‘/benefits
‘/from ‘/another ‘/person's ‘/continued ‘/life
Which ‘/of ‘/these ‘/policies ‘/is ‘/considered ‘/a ‘/whole ‘/life ‘/policy? ‘/- ‘/(correct ‘/answer) ‘/-Single
‘/premium ‘/life
Which ‘/of ‘/the ‘/following ‘/would ‘/be ‘/considered ‘/an ‘/unfair ‘/claims ‘/settlement ‘/practice? ‘/-
‘/(correct ‘/answer) ‘/-Misrepresenting ‘/pertinent ‘/policy ‘/provisions ‘/relating ‘/to ‘/coverage ‘/after ‘/a
‘/loss
A ‘/policyowner ‘/is ‘/permitted ‘/to ‘/take ‘/out ‘/a ‘/policy ‘/loan ‘/on ‘/a ‘/whole ‘/life ‘/policy ‘/at ‘/what
‘/point? ‘/- ‘/(correct ‘/answer) ‘/-When ‘/the ‘/policy ‘/has ‘/a ‘/cash ‘/value
Which ‘/of ‘/these ‘/is ‘/NOT ‘/a ‘/factor ‘/during ‘/the ‘/health ‘/insurance ‘/underwriting ‘/process? ‘/-
‘/(correct ‘/answer) ‘/-Former ‘/residence
New ‘/York ‘/workers ‘/compensation ‘/laws ‘/exclude ‘/benefits ‘/for ‘/disabilities ‘/caused ‘/by ‘/-
‘/(correct ‘/answer) ‘/-Intentional, ‘/self-inflicted ‘/injuries ‘/occurring ‘/on ‘/the ‘/job
When ‘/premiums ‘/are ‘/determined, ‘/one ‘/factor ‘/would ‘/be ‘/the ‘/expenses ‘/of ‘/the ‘/- ‘/(correct
‘/answer) ‘/-Insurer
Scott ‘/has ‘/a ‘/life ‘/insurance ‘/policy ‘/in ‘/which ‘/the ‘/dividends ‘/are ‘/left ‘/with ‘/the ‘/insurance
‘/company. ‘/This ‘/particular ‘/policy ‘/may ‘/be ‘/paid ‘/up ‘/when ‘/the ‘/cash ‘/value ‘/plus
‘/accumulated ‘/dividends ‘/- ‘/(correct ‘/answer) ‘/-equal ‘/the ‘/net ‘/single ‘/premium ‘/for ‘/the ‘/same
‘/face ‘/amount ‘/at ‘/the ‘/insured's ‘/attained ‘/age
During ‘/open ‘/enrollment ‘/for ‘/Medicare ‘/Supplement ‘/coverage, ‘/an ‘/applicant ‘/MUST ‘/be ‘/at
‘/least ‘/- ‘/(correct ‘/answer) ‘/-There ‘/is ‘/no ‘/minimum ‘/age ‘/requirement
What ‘/happens ‘/to ‘/the ‘/cash ‘/value ‘/of ‘/a ‘/market ‘/value ‘/adjusted ‘/annuity ‘/if ‘/it's
‘/surrendered ‘/prior ‘/to ‘/the ‘/end ‘/of ‘/the ‘/stated ‘/guarantee ‘/period? ‘/- ‘/(correct ‘/answer) ‘/-
Subject ‘/to ‘/market ‘/value ‘/adjustment
Which ‘/of ‘/the ‘/following ‘/contracts ‘/offer ‘/deferred ‘/taxation, ‘/flexible ‘/payments, ‘/a ‘/guaranteed
‘/interest ‘/rate, ‘/and ‘/death ‘/benefits ‘/equal ‘/to ‘/the ‘/cash ‘/value? ‘/- ‘/(correct ‘/answer) ‘/-Flexible
‘/premium ‘/fixed ‘/annuity
Tonya ‘/has ‘/been ‘/diagnosed ‘/with ‘/kidney ‘/failure ‘/and ‘/has ‘/group ‘/accident ‘/and ‘/health
‘/insurance ‘/through ‘/her ‘/large ‘/employer. ‘/Which ‘/of ‘/these ‘/accident ‘/and ‘/health ‘/plans ‘/will
‘/be ‘/primary ‘/during ‘/the ‘/months ‘/following ‘/her ‘/diagnosis? ‘/- ‘/(correct ‘/answer) ‘/-Her
‘/employer's ‘/group ‘/accident ‘/and ‘/health ‘/plan
Which ‘/statement ‘/regarding ‘/the ‘/certificate ‘/of ‘/insurance ‘/is ‘/accurate? ‘/- ‘/(correct ‘/answer) ‘/-
It ‘/indicates ‘/evidence ‘/of ‘/an ‘/employee's ‘/insurance ‘/coverage
, According ‘/to ‘/the ‘/ACA, ‘/the ‘/proportion ‘/of ‘/premium ‘/revenues ‘/spent ‘/on ‘/clinical ‘/services
‘/and ‘/quality ‘/improvements ‘/is ‘/called ‘/the ‘/- ‘/(correct ‘/answer) ‘/-Medical ‘/loss ‘/ratio
Which ‘/of ‘/the ‘/following ‘/statements ‘/regarding ‘/the ‘/Fair ‘/Credit ‘/Reporting ‘/Act ‘/is ‘/correct? ‘/-
‘/(correct ‘/answer) ‘/-If ‘/credit, ‘/insurance, ‘/or ‘/employment ‘/was ‘/denied ‘/because ‘/of ‘/an
‘/unfavorable ‘/report, ‘/the ‘/consumer ‘/must ‘/be ‘/advised
According ‘/to ‘/the ‘/ACA, ‘/insurers ‘/can ‘/no ‘/longer ‘/deny ‘/health ‘/coverage ‘/due ‘/to ‘/pre-
exsisting ‘/conditions ‘/unless ‘/that ‘/plan ‘/is ‘/a ‘/- ‘/(correct ‘/answer) ‘/-Grandfathered ‘/plan
Which ‘/item ‘/must ‘/be ‘/considered ‘/by ‘/an ‘/agent ‘/when ‘/determining ‘/the ‘/suitability ‘/of ‘/an
‘/annuity ‘/recommendation? ‘/- ‘/(correct ‘/answer) ‘/-The ‘/client's ‘/financial ‘/status
An ‘/applicant ‘/submits ‘/a ‘/life ‘/insurance ‘/application ‘/where ‘/an ‘/investigative ‘/consumer ‘/report
‘/is ‘/used ‘/in ‘/the ‘/underwriting ‘/process. ‘/Which ‘/of ‘/these ‘/statements ‘/is ‘/true? ‘/- ‘/(correct
‘/answer) ‘/-Applicant ‘/has ‘/a ‘/right ‘/to ‘/receive ‘/a ‘/copy ‘/of ‘/the ‘/report
If ‘/group ‘/Health ‘/benefit ‘/levels ‘/are ‘/too ‘/high, ‘/what ‘/could ‘/be ‘/the ‘/end ‘/result? ‘/- ‘/(correct
‘/answer) ‘/-Overutilization ‘/of ‘/the ‘/plan
A ‘/life ‘/insurance ‘/producer ‘/licensed ‘/in ‘/New ‘/York ‘/is ‘/authorized ‘/to ‘/- ‘/(correct ‘/answer) ‘/-
Solicit, ‘/receive ‘/and ‘/forward ‘/applications ‘/to ‘/the ‘/insurer
A ‘/group-owned ‘/insurance ‘/company ‘/that ‘/is ‘/formed ‘/to ‘/assume ‘/and ‘/spread ‘/the ‘/liability
‘/risks ‘/of ‘/its ‘/members ‘/is ‘/known ‘/as ‘/a ‘/- ‘/(correct ‘/answer) ‘/-Risk ‘/retention ‘/group
Any ‘/employee ‘/insured ‘/under ‘/a ‘/group ‘/life ‘/insurance ‘/plan ‘/is ‘/normally ‘/- ‘/(correct ‘/answer)
‘/-Covered ‘/with ‘/term ‘/life ‘/insurance
A ‘/life ‘/insurance ‘/guaranteed ‘/insurability ‘/rider ‘/gives ‘/the ‘/insured ‘/the ‘/right, ‘/without
‘/proving ‘/insurability, ‘/to ‘/- ‘/(correct ‘/answer) ‘/-Periodically ‘/purchase ‘/additional ‘/insurance
A ‘/policy ‘/owner ‘/has ‘/decided ‘/to ‘/replace ‘/an ‘/existing ‘/life ‘/insurance ‘/policy ‘/with ‘/a ‘/new
‘/one. ‘/The ‘/existing ‘/life ‘/policy ‘/should ‘/be ‘/terminated ‘/- ‘/(correct ‘/answer) ‘/-After ‘/the ‘/new
‘/life ‘/policy ‘/has ‘/been ‘/issued ‘/and ‘/delivered ‘/to ‘/the ‘/policy ‘/owner
Which ‘/of ‘/the ‘/following ‘/is ‘/NOT ‘/a ‘/function ‘/of ‘/accident ‘/and ‘/health ‘/insurance? ‘/- ‘/(correct
‘/answer) ‘/-Pays ‘/a ‘/death ‘/benefit ‘/as ‘/a ‘/result ‘/of ‘/natural ‘/causes
What ‘/typically ‘/changes ‘/at ‘/the ‘/re-entry ‘/option ‘/date ‘/found ‘/in ‘/some ‘/term ‘/life ‘/policies? ‘/-
‘/(correct ‘/answer) ‘/-Premium
When ‘/an ‘/illustration ‘/is ‘/used ‘/in ‘/the ‘/sale ‘/of ‘/a ‘/life ‘/insurance ‘/policy, ‘/the ‘/illustration
‘/MUST ‘/contain ‘/a ‘/statement ‘/signed ‘/by ‘/the ‘/- ‘/(correct ‘/answer) ‘/-Agent
