SOUTH CAROLINA LIFE AND HEALTH
INSURANCE EXAM 2025 QUESTIONS
AND ANSWERS
Greg has recently been terminated from his job that covered group life insurance. How long
does he have to convert his coverage to an individual policy? - ANS 31 days
which of these would NOT be considered a presumptive disability? - ANS lost of an leg or
arm
The premium payment mode that results in the highest overall cost would be? -
ANS monthly
What is an insurance policy grace period? - ANS Period of time after the premium is due but
the policy remains in force
A Non contributory health insurance plan helps the insurer avoid? - ANS adverse selection
Twisting is best defined as - ANS Using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy
The cause of a loss is referred to as a(n) - ANS peril
Which of these statements regarding the annuitant is CORRECT? - ANS The annuitant's life
expectancy determines the annuity payments.
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,a provision in a whole life policy that allows a policy owner to terminate the policy in return for
a reduced paid-up policy of the same type is called a(n) - ANS nonforfeiture provision
Which of the following is not a required provision in an accident and health insurance policy? -
ANS change of occupation
A disability income policy can prevent an insured from earning a higher income than if she/he
were working by utilizing? - ANS benefit limits
Which of the following is the BEST example of insurance fraud? - ANS A deliberate lie by an
insured to the insurer to obtain a lower premium.
Long-term care policies may provide coverage from claims arising from? - ANS Senile
dementia
Who assumes the investment risk with a fixed annuity contract? - ANS The insurer
A life insurance REPLACEMENT transaction gives the policyowner the right to return the policy
for a 100% refund within ______ days of policy deliverer. - ANS 30
A life insurance rider that allows an individual to purchase insurance as they grow older,
regardless of insurability is called a(n) ? - ANS guaranteed insurability rider
A health insurance policy where the insurer has the right to terminate the policy for reasons
other than the insured health is called? - ANS Conditionally Renewable
The authority granted to a licensed producer is provided via the - ANS Law of agency
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, An individual who removes the risk of losing money in the stock market by never purchasing
stocks is said to be engaging in - ANS Risk Avoidance
Which of the following statements regarding group disability income insurance is TRUE? -
ANS it provides benefits for nonoccupationally illnesses and injuries.
A policy owner has ____ days after policy delivery to return a major medical policy for a full
refund - ANS 10
Index whole life insurance contains a securities component that acts as as a(n) - ANS hedge
against inflation
The typical long-term care insurance is designed to provide a minimum of ____ years of
coverage - ANS 1
When a preferred provider organization (PPO) insured goes out-of-network, which of the
following actions occur? - ANS The insurer will pay a reduced amount
A Medicare supplement policy may exclude coverage for a preexisting condition for up to _____
months from the effective date of coverage? - ANS 6
A common exclusion or limitation on a dental policy is - ANS Endodontics
Decreasing term life insurance is often used to - ANS provide coverage for a home mortgage
What are an applicant statements concerning occupation, hobbies, and personal health history
regarded as? - ANS representation
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 3
INSURANCE EXAM 2025 QUESTIONS
AND ANSWERS
Greg has recently been terminated from his job that covered group life insurance. How long
does he have to convert his coverage to an individual policy? - ANS 31 days
which of these would NOT be considered a presumptive disability? - ANS lost of an leg or
arm
The premium payment mode that results in the highest overall cost would be? -
ANS monthly
What is an insurance policy grace period? - ANS Period of time after the premium is due but
the policy remains in force
A Non contributory health insurance plan helps the insurer avoid? - ANS adverse selection
Twisting is best defined as - ANS Using misrepresentation to induce an insured person to
terminate an existing policy and purchase a new policy
The cause of a loss is referred to as a(n) - ANS peril
Which of these statements regarding the annuitant is CORRECT? - ANS The annuitant's life
expectancy determines the annuity payments.
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 1
,a provision in a whole life policy that allows a policy owner to terminate the policy in return for
a reduced paid-up policy of the same type is called a(n) - ANS nonforfeiture provision
Which of the following is not a required provision in an accident and health insurance policy? -
ANS change of occupation
A disability income policy can prevent an insured from earning a higher income than if she/he
were working by utilizing? - ANS benefit limits
Which of the following is the BEST example of insurance fraud? - ANS A deliberate lie by an
insured to the insurer to obtain a lower premium.
Long-term care policies may provide coverage from claims arising from? - ANS Senile
dementia
Who assumes the investment risk with a fixed annuity contract? - ANS The insurer
A life insurance REPLACEMENT transaction gives the policyowner the right to return the policy
for a 100% refund within ______ days of policy deliverer. - ANS 30
A life insurance rider that allows an individual to purchase insurance as they grow older,
regardless of insurability is called a(n) ? - ANS guaranteed insurability rider
A health insurance policy where the insurer has the right to terminate the policy for reasons
other than the insured health is called? - ANS Conditionally Renewable
The authority granted to a licensed producer is provided via the - ANS Law of agency
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 2
, An individual who removes the risk of losing money in the stock market by never purchasing
stocks is said to be engaging in - ANS Risk Avoidance
Which of the following statements regarding group disability income insurance is TRUE? -
ANS it provides benefits for nonoccupationally illnesses and injuries.
A policy owner has ____ days after policy delivery to return a major medical policy for a full
refund - ANS 10
Index whole life insurance contains a securities component that acts as as a(n) - ANS hedge
against inflation
The typical long-term care insurance is designed to provide a minimum of ____ years of
coverage - ANS 1
When a preferred provider organization (PPO) insured goes out-of-network, which of the
following actions occur? - ANS The insurer will pay a reduced amount
A Medicare supplement policy may exclude coverage for a preexisting condition for up to _____
months from the effective date of coverage? - ANS 6
A common exclusion or limitation on a dental policy is - ANS Endodontics
Decreasing term life insurance is often used to - ANS provide coverage for a home mortgage
What are an applicant statements concerning occupation, hobbies, and personal health history
regarded as? - ANS representation
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 3
