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Idaho Life and Health Final Exam
Questions and Correct Answers/ Latest
Update / Already Graded
What are the benefits that must be provided by an individual health
insurance policy for prenatal, maternity, and delivery expenses?
Ans: Prenatal, maternity, and delivery expenses are required to be
covered under all health plans subject to the same deductible and
coinsurance as other medical and surgical expenses.
Which situation would qualify an individual for receiving benefits
from a qualified long-term care policy?
Ans: Becoming cognitively impaired (mentally ill)
How many days is the grace period for payment of premiums in
individual life insurance policies?
Ans: 30
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According to the Idaho Insurance Code, which of the following MUSt
a producer do when replacing a Life Insurance policy?
Ans: Submit to the replacing insurer a list of all Life Insurance policies or
annuity contracts proposed to be replaced.
A hospital or medical expenses policy will typically cover dental
treatment expenses under which circumstance?
Ans: Dental treatment is needed to repair an injury.
An insured and the policy's beneficiary die from the same accident.
The common disaster provision states the insurer will continue as if
Ans: The insured outlived the beneficiary.
A closed network plan offers a primary physical copay of $25. If a
subscriber chooses a primary care physician outside of the network,
the subscriber will likely pay
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Ans: 100% of the allowed amount.
In what part of an insurance policy are policy benefits found?
Ans: Declarations. The Declaration page is like a quick guide to in
insurance policy, providing all of the basic information the policy holder
needs to know.
Which of the following is NOT included in an entire contract
provision?
Ans: Changes made by the producer.
A producer's fiduciary responsibility includes which of the following
activities?
Ans: Being responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover?
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Ans: Prescription drugs.
Which of the following would be considered an underwriting duty of
an agent?
Ans: Completing all applications and collecting initial premiums.
Which of the following is not considered advertising?
Ans: A rating from a rating service such as A.M Best.
All of these statements concerning whole life insurance are false
EXCEPT
Ans: When a whole life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license revocation
EXCEPT
Ans: Producing an inadequate amount of new premium.
Idaho Life and Health Final Exam
Questions and Correct Answers/ Latest
Update / Already Graded
What are the benefits that must be provided by an individual health
insurance policy for prenatal, maternity, and delivery expenses?
Ans: Prenatal, maternity, and delivery expenses are required to be
covered under all health plans subject to the same deductible and
coinsurance as other medical and surgical expenses.
Which situation would qualify an individual for receiving benefits
from a qualified long-term care policy?
Ans: Becoming cognitively impaired (mentally ill)
How many days is the grace period for payment of premiums in
individual life insurance policies?
Ans: 30
,2 | Page
According to the Idaho Insurance Code, which of the following MUSt
a producer do when replacing a Life Insurance policy?
Ans: Submit to the replacing insurer a list of all Life Insurance policies or
annuity contracts proposed to be replaced.
A hospital or medical expenses policy will typically cover dental
treatment expenses under which circumstance?
Ans: Dental treatment is needed to repair an injury.
An insured and the policy's beneficiary die from the same accident.
The common disaster provision states the insurer will continue as if
Ans: The insured outlived the beneficiary.
A closed network plan offers a primary physical copay of $25. If a
subscriber chooses a primary care physician outside of the network,
the subscriber will likely pay
,3 | Page
Ans: 100% of the allowed amount.
In what part of an insurance policy are policy benefits found?
Ans: Declarations. The Declaration page is like a quick guide to in
insurance policy, providing all of the basic information the policy holder
needs to know.
Which of the following is NOT included in an entire contract
provision?
Ans: Changes made by the producer.
A producer's fiduciary responsibility includes which of the following
activities?
Ans: Being responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover?
, 4 | Page
Ans: Prescription drugs.
Which of the following would be considered an underwriting duty of
an agent?
Ans: Completing all applications and collecting initial premiums.
Which of the following is not considered advertising?
Ans: A rating from a rating service such as A.M Best.
All of these statements concerning whole life insurance are false
EXCEPT
Ans: When a whole life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license revocation
EXCEPT
Ans: Producing an inadequate amount of new premium.
