UTAH HEALTH AND LIFE INSURANCE EXAM TESTBANK COMPLETE ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION 2024

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LOUISIANA LIFE AND HEALTH INSURANC p p p p




E EXAM 2025| BRAND NEW EXAM QUESTI
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ONS WITH 100% CORRECT SOLUTIONS | G
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UARANTEED SUCCESS| ACE YOUR GRAD p p p p




ES.


An insured purchases a health policy in 2000 and submits a claim in 2005. Th
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e insurance company discovers at that time that the insured misstated the inf
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ormation about his health condition. What will the insurer most likely do?
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A. Deny the claim p p




B. Pay a decreased benefit
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C. Void the policy p p




D. Pay the full benefit - Correct Answer-D. Pay the full benefit
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The Time Limit on Certain Defenses provision stipulates that no statement or
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misstatement (except fraudulent misstatements) made in the application at t
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he time of issue will be used to void a policy or deny a claim after the policy h
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as been in force for 3 years.
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While a claim is pending, an insurance company may require
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A. The insured to be examined only once annually.
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B. An independent examination only once every 45 days.
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C. An independent examination as often as reasonably required.
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D. The insured to be examined only within the first 30 days. -
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Correct Answer-
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C. An independent examination as often as reasonably required.
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While a claim is pending, an insurance company may require an independent
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exam as often as reasonably required.
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Which of the following statements is true concerning the alteration of optional
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policy provisions?
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A. An insurer may change the wording of optional policy provisions that w
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ould adversely affect the policyholder but must first receive state permiss
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ion before the change goes into effect.
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B. Once any kind of provision is written, it cannot be changed.
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C. An insurer may change the wording of optional provisions, as long as th
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e change does not adversely affect the policyholder.
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D. An insurer may change the wording of optional provisions, regardless of it
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s effect on the policyholder. - Correct Answer-
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C. An insurer may change the wording of optional provisions, as long as the
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change does not adversely affect the policyholder.
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Optional policy provisions can be changed by an insurer, as long as the chan
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ges do not adversely affect the policyholder.
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If the insured under a disability income insurance policy changes to a more h
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azardous occupation after the policy has been issued, and a claim is filed, the
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pinsurance company should do which of the following?
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A. Adjust the benefit in accordance with the increased risk
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B. Cancel the policy p p




C. Increase the premium p p




D. Exclude coverage for on-the-job injury - Correct Answer-
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A. Adjust the benefit in accordance with the increased risk
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A part of the premium rating concerns the hazard of occupation.
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What is the contract provision that allows the insurer to nonrenew health cov
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erage if certain events occur?
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A. Conditionally renewable p




B. Optionally renewable p




C. Noncancellable


D. Guaranteed renewable - Correct Answer-A. Conditionally renewable
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The conditionally renewable provision is very similar to the optionally renewa
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ble provision. The primary difference is that conditionally renewable policies
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may be canceled for specific conditions contained in the policy, but optionally
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renewable policies do not specify a condition or reason for cancellation.
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When an insured purchased her disability income policy, she misstated her a
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ge to the agent. She told the agent that she was 30 years old, when in fact, sh
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e was 37. If the policy contains the optional misstatement of age provision
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A. Because the misstatement occurred more than 2 years ago, it has no ef
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fect.


B. Amounts payable under the policy will reflect the insured's correct age.
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C. The contract will be deemed void because of the misstatement of age.
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