LIFE, ACCIDENT AND HEALTH OR
SICKNESS
EXAMINATION TEST BANK 800
QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP
RATED FOR
2024-2025 ALREADY A GRADED|NEW!!
{REVISED BY EXPERTS}
LIFE, ACCIDENT AND HEALTH OR SICKNESS
EXAMINATION TEST BANK 800 QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP RATED FOR 2024-
2025 ALREADY A GRADED|NEW!!{REVISED BY EXPERTS}
, LIFE, ACCIDENT AND HEALTH OR SICKNESS
EXAMINATION TEST BANK 800 QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP RATED FOR
2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
The theory of probability is applied to life insurance through the use of -
ANSWER- Mortality tables
In health insurance , the result of a rise in the morbidity rate is : - ANSWER-
Increased premium
In the absence of a coordination of benefits clause , all of the following
circumstance might result in recovery of more than 100 % of actual health care
expense EXCEPT - ANSWER- A worker's medical plan included a carryover
deductible provision
An individual is allowed to enroll in individual health insurance under the
following circumstances EXCEPT - ANSWER- Within 30 days of being diagnosed
with an illness
Which policy covering two or more individuals pays the face amount only when
the first person dies ? - ANSWER- Joint life policy
The acts that are reasonably necessary to the duties expressly authorized would be
covered by an agent's - ANSWER- Implied authority
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
,Which type of insurance guarantees the right to renew the policy each year ,
regardless of health , but increased premiums - ANSWER- individuals the duties
right Renewable term
Life insurance policies written without a physical examination are called : -
ANSWER- Non - medical
Part - time nursing care that follows a hospitalization and can be provided in a
patient's home is covered under - ANSWER- Home health care benefits
Regarding the Health Benefit Exchanges , as created by PPACA , all of the
following statements are true EXCEPT - ANSWER- An individual enrolling in a
bronze level plan is not eligible for reduced cost sharing
An attempt by an agent to deter an insured from replacing an existing life insurance
policy is called : - ANSWER- Conservation
what is meant by referring to an insurance policy as a unilateral contract? -
ANSWER- Only one party makes a legally enforceable promise.
When must insurance records of insurance agents and brokers be made available to
the insurance commissioner? - ANSWER- At all times.
Any situation that presents the possibility of a loss is known as? - ANSWER- a loss
exposure.
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
, Which of the following information is not required to be communicated in a Life
insurance contract? - ANSWER- Personal Judgement
the direct distribution of insurance utilizes all of the following to mote the sale of
insurance Except? - ANSWER- Telephone call from an agent.
A contract in which one party promises to indemnify another against loss that
arises from an unknown event is - ANSWER- an insurance policy.
All of the occurrences listed below are examples of an insurable event as defined
by the California Insurance code EXCEPT? - ANSWER- an insured suffers a
financial loss in the state lottery.
all of the following statements about aleatory contracts are true EXCEPT? -
ANSWER- the insured and insurer contribute equally to the contract.
all of the following would be considered unfair trade practices EXCEPT? -
ANSWER- committing any act of discrimination whether it be deemed fair or
unfair.
As authorized by the California Insurance Code, the Insurance Commissioner has
provided standards for names used by life insurance agents. Under these standards
which, if any, of the following are automatically acceptable for Mary Brown, a
holder of the CLU designation? - ANSWER- Mary Brown Insurance Services.
A contract of indemnity is one in which? - ANSWER- one party is restored to the
same financial position the party was in before the loss occurred.
In insurance terminology, "indemnity means? - ANSWER- to make whole.
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
SICKNESS
EXAMINATION TEST BANK 800
QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP
RATED FOR
2024-2025 ALREADY A GRADED|NEW!!
{REVISED BY EXPERTS}
LIFE, ACCIDENT AND HEALTH OR SICKNESS
EXAMINATION TEST BANK 800 QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP RATED FOR 2024-
2025 ALREADY A GRADED|NEW!!{REVISED BY EXPERTS}
, LIFE, ACCIDENT AND HEALTH OR SICKNESS
EXAMINATION TEST BANK 800 QUESTIONS AND
CORRECT ELABORATED ANSWERS TOP RATED FOR
2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
The theory of probability is applied to life insurance through the use of -
ANSWER- Mortality tables
In health insurance , the result of a rise in the morbidity rate is : - ANSWER-
Increased premium
In the absence of a coordination of benefits clause , all of the following
circumstance might result in recovery of more than 100 % of actual health care
expense EXCEPT - ANSWER- A worker's medical plan included a carryover
deductible provision
An individual is allowed to enroll in individual health insurance under the
following circumstances EXCEPT - ANSWER- Within 30 days of being diagnosed
with an illness
Which policy covering two or more individuals pays the face amount only when
the first person dies ? - ANSWER- Joint life policy
The acts that are reasonably necessary to the duties expressly authorized would be
covered by an agent's - ANSWER- Implied authority
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
,Which type of insurance guarantees the right to renew the policy each year ,
regardless of health , but increased premiums - ANSWER- individuals the duties
right Renewable term
Life insurance policies written without a physical examination are called : -
ANSWER- Non - medical
Part - time nursing care that follows a hospitalization and can be provided in a
patient's home is covered under - ANSWER- Home health care benefits
Regarding the Health Benefit Exchanges , as created by PPACA , all of the
following statements are true EXCEPT - ANSWER- An individual enrolling in a
bronze level plan is not eligible for reduced cost sharing
An attempt by an agent to deter an insured from replacing an existing life insurance
policy is called : - ANSWER- Conservation
what is meant by referring to an insurance policy as a unilateral contract? -
ANSWER- Only one party makes a legally enforceable promise.
When must insurance records of insurance agents and brokers be made available to
the insurance commissioner? - ANSWER- At all times.
Any situation that presents the possibility of a loss is known as? - ANSWER- a loss
exposure.
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
, Which of the following information is not required to be communicated in a Life
insurance contract? - ANSWER- Personal Judgement
the direct distribution of insurance utilizes all of the following to mote the sale of
insurance Except? - ANSWER- Telephone call from an agent.
A contract in which one party promises to indemnify another against loss that
arises from an unknown event is - ANSWER- an insurance policy.
All of the occurrences listed below are examples of an insurable event as defined
by the California Insurance code EXCEPT? - ANSWER- an insured suffers a
financial loss in the state lottery.
all of the following statements about aleatory contracts are true EXCEPT? -
ANSWER- the insured and insurer contribute equally to the contract.
all of the following would be considered unfair trade practices EXCEPT? -
ANSWER- committing any act of discrimination whether it be deemed fair or
unfair.
As authorized by the California Insurance Code, the Insurance Commissioner has
provided standards for names used by life insurance agents. Under these standards
which, if any, of the following are automatically acceptable for Mary Brown, a
holder of the CLU designation? - ANSWER- Mary Brown Insurance Services.
A contract of indemnity is one in which? - ANSWER- one party is restored to the
same financial position the party was in before the loss occurred.
In insurance terminology, "indemnity means? - ANSWER- to make whole.
LIFE, ACCIDENT AND HEALTH OR SICKNESS EXAMINATION TEST
BANK 800 QUESTIONS AND CORRECT ELABORATED ANSWERS TOP
RATED FOR 2024-2025 ALREADY A GRADED|NEW!!{REVISED BY
EXPERTS}
