AD BANKER LIFE & HEALTH CHAPTER 8 EXAM
2025
A disability income policy may provide a benefit for loss of time from employment in which of these
ways? - Precise Answer ✔✔A flat benefit amount or a percentage of pre-tax income
In an AD&D policy, the capital sum provides benefits for which of the following losses? - Precise Answer
✔✔Loss of limb or eyesight from accidental causes
Self-funded employee health care benefit plans which are not fully insured are governed under which of
the following federal acts? - Precise Answer ✔✔ERISA
Which of the following is not a government-sponsored plan of health care? - Precise Answer
✔✔Medicare Supplement
Certain disability and health care insurance products may be subject to specific advertising regulations.
In general, insurance producers should do which of these? - Precise Answer ✔✔Use company-provided
advertisements for each product they wish to market
Answers to questions in applications for health and disability insurance are considered representations
and not warranties. If an applicant later realizes he/she answered a question incorrectly, how may the
answer be changed? - Precise Answer ✔✔Wrong information may be corrected at any time prior to
issuance of the policy
All of the following are individual underwriting factors, EXCEPT: - Precise Answer ✔✔Marital Status
Which one of the following is the initial source of underwriting information? - Precise Answer ✔✔The
application
Who pays for any reports or Medical Exams required as part of the underwriting process for insurance? -
Precise Answer ✔✔The insurance company
2025
A disability income policy may provide a benefit for loss of time from employment in which of these
ways? - Precise Answer ✔✔A flat benefit amount or a percentage of pre-tax income
In an AD&D policy, the capital sum provides benefits for which of the following losses? - Precise Answer
✔✔Loss of limb or eyesight from accidental causes
Self-funded employee health care benefit plans which are not fully insured are governed under which of
the following federal acts? - Precise Answer ✔✔ERISA
Which of the following is not a government-sponsored plan of health care? - Precise Answer
✔✔Medicare Supplement
Certain disability and health care insurance products may be subject to specific advertising regulations.
In general, insurance producers should do which of these? - Precise Answer ✔✔Use company-provided
advertisements for each product they wish to market
Answers to questions in applications for health and disability insurance are considered representations
and not warranties. If an applicant later realizes he/she answered a question incorrectly, how may the
answer be changed? - Precise Answer ✔✔Wrong information may be corrected at any time prior to
issuance of the policy
All of the following are individual underwriting factors, EXCEPT: - Precise Answer ✔✔Marital Status
Which one of the following is the initial source of underwriting information? - Precise Answer ✔✔The
application
Who pays for any reports or Medical Exams required as part of the underwriting process for insurance? -
Precise Answer ✔✔The insurance company
