NH INSURANCE AGENT EXAM
QUESTIONS & ANSWERS(RATED
A+)
How are level term policies able to provide level premiums? - ANSWERPremiums
are averaged over the term of the policy
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk - ANSWERreduction
An organization that requires healthcare services to be provided by a network of
physicians and hospitals is known as a(n) - ANSWERHMO
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
ANSWERsomewhat less
ABC corporation purchases and is beneficiary of an individual disability income
insurance policy on a key employee. Which of the following statements is true? -
ANSWERBenefits are received tax-free by the company
Which of the following statements BEST describes a double indemnity provision in
travel accident insurance? - ANSWERBenefits are doubled under certain
circumstances stated in the policy
Which statement regarding the life insurance premium for a children's rider is true? -
ANSWERPremium remains the same no matter how many children
The conversion option for group term insurance may be exercised by an employee -
ANSWERwithin 31 days of terminated employment
The free look period provided in a life insurance policy is usually ____ days -
ANSWER10
Which of the following contracts offer deferred taxation, flexible payments, a
guaranteed interest rate, and death benefits equal to the cash value? -
ANSWERFlexible premium fixed annuity
Which of these if NOT considered to be an activity of a daily living(ADL)? -
ANSWERDriving
A single premium deferred annuity sometimes contains a bailout feature. Which
statement regarding this feature is correct? - ANSWERIf the interest rate falls below
a specified level, the surrender charge is waived
, Which statement about group life insurance is incorrect? - ANSWEREach participant
requires evidence of insurability
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? - ANSWERThe specified benefit amount is a percentage of
his wages
The free look period for long term care insurance policies sold in nh is ___ days. -
ANSWER30
In a qualified retirement plan, the yearly contributions to an employee's account -
ANSWERAre restricted to maximum limits set by the IRS
A guaranteed renewable provision allows - ANSWERpremiums which can only be
increased per rate class
Replacement regulations exist in order to - ANSWERProtect policy owners from
misrepresentations and loss of benefits
Some standard Medicare Supplement policies include which benefit? -
ANSWERHospice care
A(n) _________ insurer assumes risk from another insurance company -
ANSWERReinsurance
Failure to meet the continuing education credit requirements in NH may result in -
ANSWERNon-renewal of the license
Who determines worker's compensation eligibility rules? - ANSWERState of NH
In NH, a temporary license may be issued for a period not to exceed ____ days -
ANSWER180
Individual and group health insurance typically exclude coverage for which of the
following? - ANSWERCosmetic surgery
A Medicare supplement policy is required to do which of the following? -
ANSWERProvide a 30 day free-look period
What is considered a valid reason for small corporations to insure the lives of its
major stockholders? - ANSWERFund a buy-sell agreement
Accident and health insurance claim handling is made more convenient to the
insured by utilizing - ANSWERAssignment of benefits
Which of the following does not involve a life settlement transaction? -
ANSWERConverting term life insurance to whole life insurance
QUESTIONS & ANSWERS(RATED
A+)
How are level term policies able to provide level premiums? - ANSWERPremiums
are averaged over the term of the policy
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk - ANSWERreduction
An organization that requires healthcare services to be provided by a network of
physicians and hospitals is known as a(n) - ANSWERHMO
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
ANSWERsomewhat less
ABC corporation purchases and is beneficiary of an individual disability income
insurance policy on a key employee. Which of the following statements is true? -
ANSWERBenefits are received tax-free by the company
Which of the following statements BEST describes a double indemnity provision in
travel accident insurance? - ANSWERBenefits are doubled under certain
circumstances stated in the policy
Which statement regarding the life insurance premium for a children's rider is true? -
ANSWERPremium remains the same no matter how many children
The conversion option for group term insurance may be exercised by an employee -
ANSWERwithin 31 days of terminated employment
The free look period provided in a life insurance policy is usually ____ days -
ANSWER10
Which of the following contracts offer deferred taxation, flexible payments, a
guaranteed interest rate, and death benefits equal to the cash value? -
ANSWERFlexible premium fixed annuity
Which of these if NOT considered to be an activity of a daily living(ADL)? -
ANSWERDriving
A single premium deferred annuity sometimes contains a bailout feature. Which
statement regarding this feature is correct? - ANSWERIf the interest rate falls below
a specified level, the surrender charge is waived
, Which statement about group life insurance is incorrect? - ANSWEREach participant
requires evidence of insurability
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? - ANSWERThe specified benefit amount is a percentage of
his wages
The free look period for long term care insurance policies sold in nh is ___ days. -
ANSWER30
In a qualified retirement plan, the yearly contributions to an employee's account -
ANSWERAre restricted to maximum limits set by the IRS
A guaranteed renewable provision allows - ANSWERpremiums which can only be
increased per rate class
Replacement regulations exist in order to - ANSWERProtect policy owners from
misrepresentations and loss of benefits
Some standard Medicare Supplement policies include which benefit? -
ANSWERHospice care
A(n) _________ insurer assumes risk from another insurance company -
ANSWERReinsurance
Failure to meet the continuing education credit requirements in NH may result in -
ANSWERNon-renewal of the license
Who determines worker's compensation eligibility rules? - ANSWERState of NH
In NH, a temporary license may be issued for a period not to exceed ____ days -
ANSWER180
Individual and group health insurance typically exclude coverage for which of the
following? - ANSWERCosmetic surgery
A Medicare supplement policy is required to do which of the following? -
ANSWERProvide a 30 day free-look period
What is considered a valid reason for small corporations to insure the lives of its
major stockholders? - ANSWERFund a buy-sell agreement
Accident and health insurance claim handling is made more convenient to the
insured by utilizing - ANSWERAssignment of benefits
Which of the following does not involve a life settlement transaction? -
ANSWERConverting term life insurance to whole life insurance
