Accelerated benefits - Correct Answer If the insured has a terminal illness, which provision
would allow him or her to access a portion of the policy death
benefit prior to death?
Driving - Correct Answer All of the following are classified as life activities by the ADA
(Americans with Disabilities Act) EXCEPT:
A misdemeanor - Correct Answer An insurer selling without a license would be guilty of which
of the following?
100% - Correct Answer The enrollee pays what percentage of the premium for Medicare Part
B?
Captive insurer - Correct Answer An insurer created to cover a parent company's loss
exposures and owned by the parent company is a:
Termination of a key employee - Correct Answer An organization will be ineligible to hold a
license for all of the following reasons EXCEPT:
Quickly sending a premium to the home office on behalf of the insured - Correct Answer
Agents should act in a fiduciary duty on their client's behalf. Which of the following best
describes this duty?
Revocable beneficiary - Correct Answer A beneficiary which can be changed by the insured
without his or her consent is a:
Insurers can offer policies that include only the core benefits - Correct Answer In regards to
Medicare Supplements, which of the following is true?
,Immunization agents - Correct Answer Prescription drug plans generally cover all of the
following EXCEPT
KAS and Associates underwriting for RWS Insurance Corporation - Correct Answer KAS and
Associates is an agency which represents RWS Insurance Corporation. KAS and Associates may
leave the
name KAS Insurance Corporation in its advertisements by clearly stating the relationship
between the two businesses in
any of the following ways EXCEPT:
After the deductible, the insurer and insured will share the remainder of the loss on a fixed
percentage
basis - Correct Answer A co-insurance clause in a health insurance policy requires which of the
following?
The license has been renewed and all appointments have been terminated - Correct Answer
An agent's license is considered to be inactive in which of the following situations?
Nationality - Correct Answer An insurer can legally use all of following factors when
determining a rate EXCEPT:
Whole life - Correct Answer Which of the following is a form of ordinary life insurance?
The chance of loss is unknown - Correct Answer Loss retention is a risk management technique
that is effective when all the following exist EXCEPT:
Interest - Correct Answer In which of the following settlement options will the insurer only pay
the death benefit earnings to the beneficiary?
, Policies which are non-par pay large dividends - Correct Answer All of the following are true in
regards to dividends EXCEPT:
False - Correct Answer The additional premium charged to pay for the accidental death benefit
rider increases the cash value of the policy.
Domestic insurer - Correct Answer An insurer organized under the laws of California is a:
36 months - Correct Answer COBRA allows continuation for a maximum period of how long?
Preventative care - Correct Answer HMOs try to contain costs by stressing:
The policy owner generally selects the dividend option at the time of purchase - Correct Answer
All of the following statements regarding dividends are false EXCEPT:
Variable annuity - Correct Answer An individual purchased an annuity 15 years ago and plans
on retiring in four years. In order to determine the value of
the annuity, he or she must multiply the number of accumulation units by the value of an
accumulation unit in the
separate account. What type of annuity is this?
Compassion - Correct Answer An agent selling long-term care to a prospect owes the prospect
all of the following EXCEPT:
This is an occupational injury - Correct Answer Pamela is injured at work and taken to the
hospital where she is provided care for several weeks. Her employer
provides her with a non-occupational group health insurance plan. This policy will not cover
Pamela's care because: