Life and Health Certification Exam 88 Questions with
Verified Answers
Which of the following types of insurance riders is not based on term life
insurance? - CORRECT ANSWER Waiver of premium
At what point after the effective date of an accident and health insurance policy
does it become incontestable? - CORRECT ANSWER 2 years
All of the following groups may contract with PPOs exctpt - CORRECT ANSWER
Government programs
under a long-term care insurance policy, the level of care that is mainly necessary
for the purpose of meeting daily living requirements is called: - CORRECT ANSWER
Custodial care
social security defines disability as the inability to engage - CORRECT ANSWER the
duties of any occupation
a life insurance buyer's guide can be used for all of the following uses except -
CORRECT ANSWER comparison of the cost of similar policies
all of the following are considered service providers except - CORRECT ANSWER a
commercial insurance company
an agent attends a continuing education course offering 12 hours of credit before
the course is approved by the commissioner. in this case, the agent will receive -
CORRECT ANSWER no credit for the course, because courses must be approved
before study begins
PPO - CORRECT ANSWER preferred provider organization (
HMO - CORRECT ANSWER health maintenance organization (cheaper - less
options)
, All of the following are duties of the commissioner EXCEPT - CORRECT ANSWER
writing the Washington insurance laws
Who investigates claims on behalf of the insurer or the insured? - CORRECT
ANSWER An Adjuster
Which of the following sales of insurance is subject to replacement regulations? -
CORRECT ANSWER Sale of new individual life insurance policy that causes an
existing life insurance policy to be surrendered.
a lapsed life insurance policy may be reinstated - CORRECT ANSWER Within 30
days after the grace period expires
policies classified as non-occupational normally provide coverage for - CORRECT
ANSWER losses due to sickness or accidents that are not work-related.
a guaranteed insurability rider normally provides that between ages 25 and 40,
additional life insurance may be purchased without proof of insurability -
CORRECT ANSWER whenever the policyowner wishes
when a health maintenance organization chooses a limited number of health care
providers to provide services to its subscribers, this is known as - CORRECT
ANSWER A Gatekeeper system
Which of the following correctly describes Medicaid? - CORRECT ANSWER It
provides medical benefits for certain low-income people
all of the following are required provisions in health care insurance policies
EXCEPT - CORRECT ANSWER Change of occupation
An insurer that is incorporated and operates in the same state with which it is
organized is called - CORRECT ANSWER Domestic
Money taken out of a modified endowment contract (MEC). - CORRECT ANSWER
Subject to unfavorable tax rules
Verified Answers
Which of the following types of insurance riders is not based on term life
insurance? - CORRECT ANSWER Waiver of premium
At what point after the effective date of an accident and health insurance policy
does it become incontestable? - CORRECT ANSWER 2 years
All of the following groups may contract with PPOs exctpt - CORRECT ANSWER
Government programs
under a long-term care insurance policy, the level of care that is mainly necessary
for the purpose of meeting daily living requirements is called: - CORRECT ANSWER
Custodial care
social security defines disability as the inability to engage - CORRECT ANSWER the
duties of any occupation
a life insurance buyer's guide can be used for all of the following uses except -
CORRECT ANSWER comparison of the cost of similar policies
all of the following are considered service providers except - CORRECT ANSWER a
commercial insurance company
an agent attends a continuing education course offering 12 hours of credit before
the course is approved by the commissioner. in this case, the agent will receive -
CORRECT ANSWER no credit for the course, because courses must be approved
before study begins
PPO - CORRECT ANSWER preferred provider organization (
HMO - CORRECT ANSWER health maintenance organization (cheaper - less
options)
, All of the following are duties of the commissioner EXCEPT - CORRECT ANSWER
writing the Washington insurance laws
Who investigates claims on behalf of the insurer or the insured? - CORRECT
ANSWER An Adjuster
Which of the following sales of insurance is subject to replacement regulations? -
CORRECT ANSWER Sale of new individual life insurance policy that causes an
existing life insurance policy to be surrendered.
a lapsed life insurance policy may be reinstated - CORRECT ANSWER Within 30
days after the grace period expires
policies classified as non-occupational normally provide coverage for - CORRECT
ANSWER losses due to sickness or accidents that are not work-related.
a guaranteed insurability rider normally provides that between ages 25 and 40,
additional life insurance may be purchased without proof of insurability -
CORRECT ANSWER whenever the policyowner wishes
when a health maintenance organization chooses a limited number of health care
providers to provide services to its subscribers, this is known as - CORRECT
ANSWER A Gatekeeper system
Which of the following correctly describes Medicaid? - CORRECT ANSWER It
provides medical benefits for certain low-income people
all of the following are required provisions in health care insurance policies
EXCEPT - CORRECT ANSWER Change of occupation
An insurer that is incorporated and operates in the same state with which it is
organized is called - CORRECT ANSWER Domestic
Money taken out of a modified endowment contract (MEC). - CORRECT ANSWER
Subject to unfavorable tax rules
