LIFE AND HEALTH INSURANCE EXAM p p p p
(MISSOURI) | NEWEST ACTUAL EXAM CO p p p p p
MPREHENSIVE QUESTIONS AND VERIFIE p p p
D ANSWERS GRADED A+ | 100%PASS | 20
p p p p p p p p
25 UPDATE! p
Which of the following organizations would make reimbursementpayme
p p p p p p p p
nts directly to the insured individual for covered medical expenditures?
p p p p p p p p p
1)Administrative services only p p p
2)Commercial insurer p
3) PPO
4) HMO - ✔✔✔ Correct Answer > Commercial insurer
p p p p p p p
What must a producer sign when an existing life insurance policy isbeing
p p p p p p p p p p p p p
reissued with a reduction in cash value?
p p p p p p
1)Buyer's Summary 2)Pol p p
icy Guide 3)Replacement
p p p
Summary
4)Notice Regarding Replacement -
p p p
✔✔✔ Correct Answer > NoticeRegarding Replacement
p p p p p p p
,When must insurable interest exist for a life insurance contract to bevalid?
p p p p p p p p p p p p
- ✔✔✔ Correct Answer > Inception of the contract
p p p p p p p p p
M is insured under a basic Hospital/Surgical Expense policy. A physicianp
p p p p p p p p p p p
erforms surgery on M. What determines the claim M is eligible for? -
p p p p p p p p p p p p
✔✔✔ Correct Answer > Determined by the terms of the policy
p p p p p p p p p p
Which of the following is NOT included in the policy face? -
p p p p p p p p p p p
✔✔✔Correct Answer > Exclusions
p p p p p
In an insurance contract, the insurer is the only party who makes ale
p p p p p p p p p p p p p
gally enforceable promise. What kind of contract is this? -
p p p p p p p p p
p✔✔✔Correct Answer > unilateral
p p p p
K buys a policy where the premium stays fixed for the first 5 years. The pr
p p p p p p p p p p p p p p p
emium then increases in year 6 and stays level thereafter, all the while th
p p p p p p p p p p p p p
e death benefit remains the same. What kind of policy is this? -
p p p p p p p p p p p p
✔✔✔ Correct Answer > Modified Whole Life
p p p p p p
Which of the following best describes a short term medical expensepolicy
p p p p p p p p p p p
? - ✔✔✔ Correct Answer > nonrenewable
p p p p p p
, Why would the Director of Insurance examine the records of an insuranc
p p p p p p p p p p p
e company? -
p p
✔✔✔ Correct Answer > To determine thesolvency of the company
p p p p p p p p p p p
Which of the following types of policies do NOT require that a policys
p p p p p p p p p p p p p
ummary be given? - ✔✔✔ Correct Answer > Credit life
p p p p p p p p p
What is the underlying concept regarding level premiums? -
p p p p p p p p
✔✔✔Correct Answer > The early years are charged more than wh
p p p p p p p p p p p p
at is needed
p p
Which type of policy pays benefits to a policyholder covered under aHos
p p p p p p p p p p p p
pital Expense policy?
p p
1)Limited 2)S p
pecial risk3)B p p
lanket
4)Reimbursement - ✔✔✔ Correct Answer > reimbursement p p p p p p
Which of these types of policies may NOT have the Automatic PremiumL
p p p p p p p p p p p p
oan provision attached to it?
p p p p
1)Modified whole life p p p
2)20-
Pay Life 3)Decreasing
p p p
Term
4)Endowment - ✔✔✔ Correct Answer > Decreasing term p p p p p p p
(MISSOURI) | NEWEST ACTUAL EXAM CO p p p p p
MPREHENSIVE QUESTIONS AND VERIFIE p p p
D ANSWERS GRADED A+ | 100%PASS | 20
p p p p p p p p
25 UPDATE! p
Which of the following organizations would make reimbursementpayme
p p p p p p p p
nts directly to the insured individual for covered medical expenditures?
p p p p p p p p p
1)Administrative services only p p p
2)Commercial insurer p
3) PPO
4) HMO - ✔✔✔ Correct Answer > Commercial insurer
p p p p p p p
What must a producer sign when an existing life insurance policy isbeing
p p p p p p p p p p p p p
reissued with a reduction in cash value?
p p p p p p
1)Buyer's Summary 2)Pol p p
icy Guide 3)Replacement
p p p
Summary
4)Notice Regarding Replacement -
p p p
✔✔✔ Correct Answer > NoticeRegarding Replacement
p p p p p p p
,When must insurable interest exist for a life insurance contract to bevalid?
p p p p p p p p p p p p
- ✔✔✔ Correct Answer > Inception of the contract
p p p p p p p p p
M is insured under a basic Hospital/Surgical Expense policy. A physicianp
p p p p p p p p p p p
erforms surgery on M. What determines the claim M is eligible for? -
p p p p p p p p p p p p
✔✔✔ Correct Answer > Determined by the terms of the policy
p p p p p p p p p p
Which of the following is NOT included in the policy face? -
p p p p p p p p p p p
✔✔✔Correct Answer > Exclusions
p p p p p
In an insurance contract, the insurer is the only party who makes ale
p p p p p p p p p p p p p
gally enforceable promise. What kind of contract is this? -
p p p p p p p p p
p✔✔✔Correct Answer > unilateral
p p p p
K buys a policy where the premium stays fixed for the first 5 years. The pr
p p p p p p p p p p p p p p p
emium then increases in year 6 and stays level thereafter, all the while th
p p p p p p p p p p p p p
e death benefit remains the same. What kind of policy is this? -
p p p p p p p p p p p p
✔✔✔ Correct Answer > Modified Whole Life
p p p p p p
Which of the following best describes a short term medical expensepolicy
p p p p p p p p p p p
? - ✔✔✔ Correct Answer > nonrenewable
p p p p p p
, Why would the Director of Insurance examine the records of an insuranc
p p p p p p p p p p p
e company? -
p p
✔✔✔ Correct Answer > To determine thesolvency of the company
p p p p p p p p p p p
Which of the following types of policies do NOT require that a policys
p p p p p p p p p p p p p
ummary be given? - ✔✔✔ Correct Answer > Credit life
p p p p p p p p p
What is the underlying concept regarding level premiums? -
p p p p p p p p
✔✔✔Correct Answer > The early years are charged more than wh
p p p p p p p p p p p p
at is needed
p p
Which type of policy pays benefits to a policyholder covered under aHos
p p p p p p p p p p p p
pital Expense policy?
p p
1)Limited 2)S p
pecial risk3)B p p
lanket
4)Reimbursement - ✔✔✔ Correct Answer > reimbursement p p p p p p
Which of these types of policies may NOT have the Automatic PremiumL
p p p p p p p p p p p p
oan provision attached to it?
p p p p
1)Modified whole life p p p
2)20-
Pay Life 3)Decreasing
p p p
Term
4)Endowment - ✔✔✔ Correct Answer > Decreasing term p p p p p p p
