Life, Accident, and Health Producer
Exam notes
A baby is born to a husband and spouse protected beneath a family accident and health
insurance coverage. If the newborn is blanketed at start, the first charge for the extra
coverage would become due in _____ days - ANS-31
A incapacity elimination length is quality defined as a - ANS-time deductible
A foreign insurance employer doing business in Michigan - ANS-Is a company domiciled
under the laws of any other state
A assured problem insurance policy has no - ANS-medical underwriting
A clinic or clinical price policy will usually cowl dental treatment prices under which
circumstance? - ANS-Dental remedy is needed to restore an damage
A lifestyles insurance applicant in Michigan can also backdate the application for up to ____
month(s) - ANS-6
A lifestyles coverage application can be backdated to - ANS-Save on rates
A existence insurance corporation has transferred a number of its threat to every other
insurer. The insurer assuming the risk is called the - ANS-Reinsurer
A lifestyles insurance coverage bought in Michigan can be contested via the insurer ONLY
during the primary ____ yr(s) of the agreement - ANS-
A lifestyles coverage rider that allows an man or woman to purchase coverage as they grow
older, no matter insurability, is called a(n) - ANS-Guaranteed insurability rider
A confined charge complete lifestyles policy gives - ANS-lifetime protection
A Medicare Supplement policy issued in the country of Michigan is needed to offer each of
the subsequent EXCEPT - ANS-It should encompass outpatient prescription drug coverage
A partial give up is allowed wherein of the following existence rules? - ANS-Universal
existence
A policyowner can also trade coverage capabilities on what form of lifestyles coverage? -
ANS-Adjustable Life
, A manufacturer is hired to sell coverage for an insurer. Upon submission of the business
enterprise agreement utility, the producer MUST be appointed by means of the insurer within
______ days - ANS-15
A producer's coverage license might also ONLY be revoked through the - ANS-Department
of Insurance and Financial Services (DIFS)
A manufacturer's license is required for all of those activities EXCEPT - ANS-Underwriting
insurance
A proposed insured for a medical health insurance coverage changed into dealt with for
coronary heart disease in the beyond yr. When making use of for heath coverage, the
coronary heart ailment treatment - ANS-Indicates a preexisting condition
A rehabilitation benefit is intended to - ANS-prepare the insured to return to employment
A renewable Term Life coverage coverage permits the policyowner the proper to renew the
policy - ANS-Without producing proof of insurability
A(n) _____ enterprise is owned solely by means of shareholders - ANS-stock
ABC Insurance Agency is getting into every applicant who purchases insurance via their
employer into a drawing to win a loose ride. This is an illegal insurance practice referred to
as - ANS-illegal inducement
All of the following are qualifications for establishing a health financial savings account
(HSA) EXCEPT - ANS-Enrolled in a health plan with a prescription drug advantage
All of those are taken into consideration key factors in underwriting existence coverage
EXCEPT - ANS-Marital status
All of those are valid options for an Adjustable Life Policy EXCEPT - ANS-A nonforfeiture
option may be used to boom the loss of life advantage
Amy has a collection scientific coverage via her organisation with a $500 deductible and a
ninety% coinsurance provision. She incurs $1,500 in blanketed health care services. How
tons will her group insurance provider pay? - ANS-$900
An applicant deliberately mendacity to an insurance organization on an utility in order to reap
a cheaper top rate is an example of - ANS-Fraud
An example of a number one care medical doctor might be a(n) - ANS-internist
An example of an unfair claims settlement practice is - ANS-Failing to right away provide an
affordable reason behind the denial of claims
An example of optional beauty surgical operation would be - ANS-putting off excess fats
from an insured's waistline
Exam notes
A baby is born to a husband and spouse protected beneath a family accident and health
insurance coverage. If the newborn is blanketed at start, the first charge for the extra
coverage would become due in _____ days - ANS-31
A incapacity elimination length is quality defined as a - ANS-time deductible
A foreign insurance employer doing business in Michigan - ANS-Is a company domiciled
under the laws of any other state
A assured problem insurance policy has no - ANS-medical underwriting
A clinic or clinical price policy will usually cowl dental treatment prices under which
circumstance? - ANS-Dental remedy is needed to restore an damage
A lifestyles insurance applicant in Michigan can also backdate the application for up to ____
month(s) - ANS-6
A lifestyles coverage application can be backdated to - ANS-Save on rates
A existence insurance corporation has transferred a number of its threat to every other
insurer. The insurer assuming the risk is called the - ANS-Reinsurer
A lifestyles insurance coverage bought in Michigan can be contested via the insurer ONLY
during the primary ____ yr(s) of the agreement - ANS-
A lifestyles coverage rider that allows an man or woman to purchase coverage as they grow
older, no matter insurability, is called a(n) - ANS-Guaranteed insurability rider
A confined charge complete lifestyles policy gives - ANS-lifetime protection
A Medicare Supplement policy issued in the country of Michigan is needed to offer each of
the subsequent EXCEPT - ANS-It should encompass outpatient prescription drug coverage
A partial give up is allowed wherein of the following existence rules? - ANS-Universal
existence
A policyowner can also trade coverage capabilities on what form of lifestyles coverage? -
ANS-Adjustable Life
, A manufacturer is hired to sell coverage for an insurer. Upon submission of the business
enterprise agreement utility, the producer MUST be appointed by means of the insurer within
______ days - ANS-15
A producer's coverage license might also ONLY be revoked through the - ANS-Department
of Insurance and Financial Services (DIFS)
A manufacturer's license is required for all of those activities EXCEPT - ANS-Underwriting
insurance
A proposed insured for a medical health insurance coverage changed into dealt with for
coronary heart disease in the beyond yr. When making use of for heath coverage, the
coronary heart ailment treatment - ANS-Indicates a preexisting condition
A rehabilitation benefit is intended to - ANS-prepare the insured to return to employment
A renewable Term Life coverage coverage permits the policyowner the proper to renew the
policy - ANS-Without producing proof of insurability
A(n) _____ enterprise is owned solely by means of shareholders - ANS-stock
ABC Insurance Agency is getting into every applicant who purchases insurance via their
employer into a drawing to win a loose ride. This is an illegal insurance practice referred to
as - ANS-illegal inducement
All of the following are qualifications for establishing a health financial savings account
(HSA) EXCEPT - ANS-Enrolled in a health plan with a prescription drug advantage
All of those are taken into consideration key factors in underwriting existence coverage
EXCEPT - ANS-Marital status
All of those are valid options for an Adjustable Life Policy EXCEPT - ANS-A nonforfeiture
option may be used to boom the loss of life advantage
Amy has a collection scientific coverage via her organisation with a $500 deductible and a
ninety% coinsurance provision. She incurs $1,500 in blanketed health care services. How
tons will her group insurance provider pay? - ANS-$900
An applicant deliberately mendacity to an insurance organization on an utility in order to reap
a cheaper top rate is an example of - ANS-Fraud
An example of a number one care medical doctor might be a(n) - ANS-internist
An example of an unfair claims settlement practice is - ANS-Failing to right away provide an
affordable reason behind the denial of claims
An example of optional beauty surgical operation would be - ANS-putting off excess fats
from an insured's waistline
