Exam 1: Maryland Life & Health
Insurance Latest Edition Questions
with Correct Verified Answers. Graded
A
A certificate of coverage for a group health policy is best described as –
ANS proof of coverage for the employee
A comprehensive group policy also covers expenses related to vision care.
Which of the following is not typically covered under a vision plan? - ANS
Cataract surgery
A drug which is used for a medical condition that is not approved to treat
according to the Food and Drug Administration is called - ANSoff-label use
A drug which is used for a medical condition that it is not approved to treat
according to the Food and Drug Administration is called - ANSoff-label use
A family counseling benefit is typically offered under which of these
coverages? - ANSHospice care
A group health insurance policy is a contract between an - ANSemployer
and insurance company
1
,A health insurance underwriter will most likely view alcohol abuse as a(n) -
ANSincreased exposure to risk
A health plan offered by private insurance companies is - ANSa Medicare
Supplement
A licensee who is required to take continuing education must complete 24
hours of continuing education, which includes ___ hour(s) of ethics
coursework - ANS3
A life insurance beneficiary died after receiving only 6 payments under the
policy's life income settlement option. What happens with the remaining
balance of the death proceeds? - ANSKept by the insurance company
A life insurance guaranteed insurability rider gives the insured the right,
without proving insurability to - ANSperiodically purchase additional
insurance
A life insurance guaranteed insurability rider gives the insured the right,
without proving insurability, to - ANSperiodically purchase additional
insurance
A life insurance policy that contains an accelerated (living) benefit rider will
provide funds if the - ANSinsured is expected to be confined to a nursing
home for life
2
,A life insurance policy that includes a return of premium rider will pay the
beneficiary how much upon the insured's death? - ANSTotal premiums paid
plus the policy face amount
A life insurance policy that is paid annually usually conains a grace period
of at least ____ days. - ANS30
A long-term care policyowner is replacing existing coverage with a new
policy. Replacement regulations require a(n) ______ notice be signed by
the applicant and retained by the replacing insurer. - ANSreplacement
A long-term care policyowner is replacing existing coverage with a new
policy. Replacement regulations require a(n) ___________ notice be
signed by the applicant and retained by the replacing insurer. -
ANSreplacement
A major medical expense plan typically includes coverage for hospital room
and board. Which of the following is normally covered under the category
"room and board"? - ANSGeneral nursing care
A Maryland resident producer must be at least ___ years of age. - ANS18
A Maryland resident producer must meet specified continuing education
course requirements within a ____ year period. - ANStwo
3
, A medical fee schedule shows the amount an insurer will pay for a given
procedure. This amount is considered to be the - ANShighest amount
payable
A person who, for a fee, gives advice or recommendations on benefits
provided by an insurance contract is called - ANSan advisor
A policyowner pays the first annual premium for a $50,000 life insurance
policy and dies one month after the policy effective date. Which of these
statements is normally true?
Premium will be refunded with interest and no death benefit paid
Premium received by insurer is considered to be unearned
Proceeds are prorated to 1/12th of the full amount
Beneficiary receives $50,000 income tax-free - ANSBeneficiary receives
$50,000 income tax free
A policyowner with a terminal illness who sells his life insurance policy to a
third party is called a - ANSviator
A pre-existing conditions limitation may NOT exceed ___ month(s) in all
Medicare Supplement policies sold in Maryland. - ANS6
A producer has indicated to a potential client that the proposed life
insurance policy is covered by the Maryland Life and Health Insurance
Guaranty Corporation. This action taken by the producer is - ANSprohibited
by law
4
Insurance Latest Edition Questions
with Correct Verified Answers. Graded
A
A certificate of coverage for a group health policy is best described as –
ANS proof of coverage for the employee
A comprehensive group policy also covers expenses related to vision care.
Which of the following is not typically covered under a vision plan? - ANS
Cataract surgery
A drug which is used for a medical condition that is not approved to treat
according to the Food and Drug Administration is called - ANSoff-label use
A drug which is used for a medical condition that it is not approved to treat
according to the Food and Drug Administration is called - ANSoff-label use
A family counseling benefit is typically offered under which of these
coverages? - ANSHospice care
A group health insurance policy is a contract between an - ANSemployer
and insurance company
1
,A health insurance underwriter will most likely view alcohol abuse as a(n) -
ANSincreased exposure to risk
A health plan offered by private insurance companies is - ANSa Medicare
Supplement
A licensee who is required to take continuing education must complete 24
hours of continuing education, which includes ___ hour(s) of ethics
coursework - ANS3
A life insurance beneficiary died after receiving only 6 payments under the
policy's life income settlement option. What happens with the remaining
balance of the death proceeds? - ANSKept by the insurance company
A life insurance guaranteed insurability rider gives the insured the right,
without proving insurability to - ANSperiodically purchase additional
insurance
A life insurance guaranteed insurability rider gives the insured the right,
without proving insurability, to - ANSperiodically purchase additional
insurance
A life insurance policy that contains an accelerated (living) benefit rider will
provide funds if the - ANSinsured is expected to be confined to a nursing
home for life
2
,A life insurance policy that includes a return of premium rider will pay the
beneficiary how much upon the insured's death? - ANSTotal premiums paid
plus the policy face amount
A life insurance policy that is paid annually usually conains a grace period
of at least ____ days. - ANS30
A long-term care policyowner is replacing existing coverage with a new
policy. Replacement regulations require a(n) ______ notice be signed by
the applicant and retained by the replacing insurer. - ANSreplacement
A long-term care policyowner is replacing existing coverage with a new
policy. Replacement regulations require a(n) ___________ notice be
signed by the applicant and retained by the replacing insurer. -
ANSreplacement
A major medical expense plan typically includes coverage for hospital room
and board. Which of the following is normally covered under the category
"room and board"? - ANSGeneral nursing care
A Maryland resident producer must be at least ___ years of age. - ANS18
A Maryland resident producer must meet specified continuing education
course requirements within a ____ year period. - ANStwo
3
, A medical fee schedule shows the amount an insurer will pay for a given
procedure. This amount is considered to be the - ANShighest amount
payable
A person who, for a fee, gives advice or recommendations on benefits
provided by an insurance contract is called - ANSan advisor
A policyowner pays the first annual premium for a $50,000 life insurance
policy and dies one month after the policy effective date. Which of these
statements is normally true?
Premium will be refunded with interest and no death benefit paid
Premium received by insurer is considered to be unearned
Proceeds are prorated to 1/12th of the full amount
Beneficiary receives $50,000 income tax-free - ANSBeneficiary receives
$50,000 income tax free
A policyowner with a terminal illness who sells his life insurance policy to a
third party is called a - ANSviator
A pre-existing conditions limitation may NOT exceed ___ month(s) in all
Medicare Supplement policies sold in Maryland. - ANS6
A producer has indicated to a potential client that the proposed life
insurance policy is covered by the Maryland Life and Health Insurance
Guaranty Corporation. This action taken by the producer is - ANSprohibited
by law
4
