TEXAS STATE EXAM SIMULATOR – LIFE AND
HEALTH INSUARANCE EXAM QUESTIONS
WITH 100% CORRECT ANSWERS TOP GRADE
GUARANTEE
Which of these is considered a mandatory provision? - ANSWER>>Payment of
Claims
Qualified Long-Term Care policies may take into consideration an applicant's
pre-existing conditions for a maximum of not more than months) prior to the
effective date of coverage. - ANSWER>>6
Which of these statements describe a Modified Endowment Contract (MEC)? -
ANSWER>>Exceeds the maximum amount of premium that can be paid into a
policy and still have it recognized as a life insurance contract
Disability Income - ANSWER>>In the event of an illness, a(n) _____________
policy would reimburse an insured for loss of earnings
A Medical Information Report (MIB) report may disclose which of the following:
- ANSWER>>"Prior use of marjuana".
How would a contingent beneficiary receive the policy proceeds in an Accidental
Death and Dismemberment (AD&D) policy? - ANSWER>>"If the primary
beneficiary dies before the insured".
A life insurance policy would be considered a wagering contract WITHOUT: -
ANSWER>>insurable interest
, Which of the following BEST describes how a policy that uses the "accidental
bodily injury" definition of an accident differs from one that uses the
"accidental means" definition? - ANSWER>>Less restrictive
Which of the following organizations would make reimbursement payments
directly to the insured individual for covered medical expenditures? -
ANSWER>>Commercial insurer
A characteristic of Preferred Provider Organizations (PPOs) would be: -
ANSWER>>Discounted fees for the patient
Employers with less than _
Continuation Act (Mini COBRA).
employees are affected by Florida's Health Insurance Coverage - ANSWER>>20
What is the elimination period of an individual disability policy? -
ANSWER>>"Time period a disabled person must wait before benefits are paid".
Variable Whole Life Insurance can be described as: - ANSWER>>both an
insurance and securities product
K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - ANSWER>>"Proceeds will be
payable to K's estate if P dies within a specified time".
An example of rebating would be - ANSWER>>"offering a client something of
value not stated in the contract in exchange for their business".
C is the policyowner of a Comprehensive individual Major Medical policy. C pays
an annual premium which is due September 1. If C forgets to pay the premium
and is hospitalized September 10, how will the insurer handle this claim? -
ANSWER>>Pay the claim in full minus the premium due
HEALTH INSUARANCE EXAM QUESTIONS
WITH 100% CORRECT ANSWERS TOP GRADE
GUARANTEE
Which of these is considered a mandatory provision? - ANSWER>>Payment of
Claims
Qualified Long-Term Care policies may take into consideration an applicant's
pre-existing conditions for a maximum of not more than months) prior to the
effective date of coverage. - ANSWER>>6
Which of these statements describe a Modified Endowment Contract (MEC)? -
ANSWER>>Exceeds the maximum amount of premium that can be paid into a
policy and still have it recognized as a life insurance contract
Disability Income - ANSWER>>In the event of an illness, a(n) _____________
policy would reimburse an insured for loss of earnings
A Medical Information Report (MIB) report may disclose which of the following:
- ANSWER>>"Prior use of marjuana".
How would a contingent beneficiary receive the policy proceeds in an Accidental
Death and Dismemberment (AD&D) policy? - ANSWER>>"If the primary
beneficiary dies before the insured".
A life insurance policy would be considered a wagering contract WITHOUT: -
ANSWER>>insurable interest
, Which of the following BEST describes how a policy that uses the "accidental
bodily injury" definition of an accident differs from one that uses the
"accidental means" definition? - ANSWER>>Less restrictive
Which of the following organizations would make reimbursement payments
directly to the insured individual for covered medical expenditures? -
ANSWER>>Commercial insurer
A characteristic of Preferred Provider Organizations (PPOs) would be: -
ANSWER>>Discounted fees for the patient
Employers with less than _
Continuation Act (Mini COBRA).
employees are affected by Florida's Health Insurance Coverage - ANSWER>>20
What is the elimination period of an individual disability policy? -
ANSWER>>"Time period a disabled person must wait before benefits are paid".
Variable Whole Life Insurance can be described as: - ANSWER>>both an
insurance and securities product
K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - ANSWER>>"Proceeds will be
payable to K's estate if P dies within a specified time".
An example of rebating would be - ANSWER>>"offering a client something of
value not stated in the contract in exchange for their business".
C is the policyowner of a Comprehensive individual Major Medical policy. C pays
an annual premium which is due September 1. If C forgets to pay the premium
and is hospitalized September 10, how will the insurer handle this claim? -
ANSWER>>Pay the claim in full minus the premium due
