LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION
TEST BANK /ACTUAL COMPLETE 600+ REAL EXAM
QUESTIONS AND CORRECT ELABORATED ANSWERS
(VERIFIED ANSWERS) TOP RATED ALREADY A+
GRADED 2025/2026 |NEW!!{REVISED BY EXPERTS} .
Which of the following categories of benefits are not covered in
a long - term care policy ? - ANSWER-Acute care coverage in a
hospital
What is the tax treatment for individual income policies ? -
ANSWER-Non - deductible premiums and tax - free benefits
The conversion privilege allows a person to change coverage
from : - ANSWER-A group policy to an individual policy .
Which non - forfeiture option uses cash surrender values to
purchase paid - up term insurance for the full face amount of
the policy ? - ANSWER-extended term insurance
The complete transfer by the existing owner of all rights in an
insurance policy to another person accomplished through the
use of a / an : - ANSWER-Absolute assignment
,Which program pays the cost of nursing home care for people
who cannot afford it themselves ? - ANSWER-Medi - cal
If no other method of payment is selected , which of the
following is the automatic mode of settlement for life insurance
policy proceeds ? – ANSWER-Lump - sum settlement in cash
. Social security disability benefits are paid to persons
expected to die or be disabled at least : - ANSWER-12 months
Members of the Medical Information Bureau are required to
report : - ANSWER-Medical impairments found during the
underwriting process .
The request for an attending physician's report must be
accompanied by a copy of the : - ANSWER-Signed
authorization
What document informs the insurance applicant about their
rights to information privacy ? - ANSWER-Notice of information
practices
By government standards , retirement starts : - ANSWER-When
unreduced benefits are paid
,If a policy has a 90 - day elimination period when will a check
be cut ? - ANSWER-On the 121th day
If a licensee needs to renew his license on the last day for
renewal : - ANSWER-He can apply and pay the renewal fee
online and get a receipt so that he can continue operating as an
agent
If an agent has several different licenses , which would be
required on all printed material ? - ANSWER-Only one license
number
The Probationary periods reduce costs to employers in all of
the following ways , except : - ANSWER-The employee must
pay entire premiums during the this time
Group insurance is characterized by all of the following ,
EXCEPT : - ANSWER-Insurability provision
All of the following are optional group medical coverage's ,
except : - ANSWER-Maternity
, All of the following are eligible for survivor benefits through
social security , except : - ANSWER-Parents of any age that
was dependent on deceased worker
Which life insurance policy pays the full face value to the
insured when reaching a specific age ? - ANSWER-Endowment
What group term life policy provision allows death benefits to
be paid to the guardian of the beneficiary that is a minor ? -
ANSWER-Facility of payment
One important method of dealing with risk is to avoid it . All of
the following describe risk avoidance , except the insured : -
ANSWER-Recognizing that his driving skills are deteriorating
and therefore increasing the liability limit on his auto policy
An insurer organized under the laws of the State of California is
a : - ANSWER-Domestic insurer
In insurance terms , a representation can be considered : -
ANSWER-An implied warranty
In health insurance the coinsurance is : - ANSWER-A
percentage paid for covered expenses by the insured and
insurer after the deductible is satisfied
TEST BANK /ACTUAL COMPLETE 600+ REAL EXAM
QUESTIONS AND CORRECT ELABORATED ANSWERS
(VERIFIED ANSWERS) TOP RATED ALREADY A+
GRADED 2025/2026 |NEW!!{REVISED BY EXPERTS} .
Which of the following categories of benefits are not covered in
a long - term care policy ? - ANSWER-Acute care coverage in a
hospital
What is the tax treatment for individual income policies ? -
ANSWER-Non - deductible premiums and tax - free benefits
The conversion privilege allows a person to change coverage
from : - ANSWER-A group policy to an individual policy .
Which non - forfeiture option uses cash surrender values to
purchase paid - up term insurance for the full face amount of
the policy ? - ANSWER-extended term insurance
The complete transfer by the existing owner of all rights in an
insurance policy to another person accomplished through the
use of a / an : - ANSWER-Absolute assignment
,Which program pays the cost of nursing home care for people
who cannot afford it themselves ? - ANSWER-Medi - cal
If no other method of payment is selected , which of the
following is the automatic mode of settlement for life insurance
policy proceeds ? – ANSWER-Lump - sum settlement in cash
. Social security disability benefits are paid to persons
expected to die or be disabled at least : - ANSWER-12 months
Members of the Medical Information Bureau are required to
report : - ANSWER-Medical impairments found during the
underwriting process .
The request for an attending physician's report must be
accompanied by a copy of the : - ANSWER-Signed
authorization
What document informs the insurance applicant about their
rights to information privacy ? - ANSWER-Notice of information
practices
By government standards , retirement starts : - ANSWER-When
unreduced benefits are paid
,If a policy has a 90 - day elimination period when will a check
be cut ? - ANSWER-On the 121th day
If a licensee needs to renew his license on the last day for
renewal : - ANSWER-He can apply and pay the renewal fee
online and get a receipt so that he can continue operating as an
agent
If an agent has several different licenses , which would be
required on all printed material ? - ANSWER-Only one license
number
The Probationary periods reduce costs to employers in all of
the following ways , except : - ANSWER-The employee must
pay entire premiums during the this time
Group insurance is characterized by all of the following ,
EXCEPT : - ANSWER-Insurability provision
All of the following are optional group medical coverage's ,
except : - ANSWER-Maternity
, All of the following are eligible for survivor benefits through
social security , except : - ANSWER-Parents of any age that
was dependent on deceased worker
Which life insurance policy pays the full face value to the
insured when reaching a specific age ? - ANSWER-Endowment
What group term life policy provision allows death benefits to
be paid to the guardian of the beneficiary that is a minor ? -
ANSWER-Facility of payment
One important method of dealing with risk is to avoid it . All of
the following describe risk avoidance , except the insured : -
ANSWER-Recognizing that his driving skills are deteriorating
and therefore increasing the liability limit on his auto policy
An insurer organized under the laws of the State of California is
a : - ANSWER-Domestic insurer
In insurance terms , a representation can be considered : -
ANSWER-An implied warranty
In health insurance the coinsurance is : - ANSWER-A
percentage paid for covered expenses by the insured and
insurer after the deductible is satisfied
