Wisconsin Accident and Health Insurance Exam ||
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Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - ANSWER-Shareholders
Which of the following financial products creates an instant
estate, no matter when the date of death?
,Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - ANSWER-Life insurance
Which of the following outlines the authority given to the
producer on behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract - ANSWER-Producer contract
Under HIPAA requirements, eligibility for the pre-existing
conditions exclusion waiver under new coverage is lost if
,There is a break in coverage for more than 33 days.
There is a break in coverage for more than 43 days.
There is a break in coverage for more than 53 days.
There is a break in coverage for more than 63 days. -
ANSWER-There is a break in coverage for more than 63
days
Mike recently lost sight in both eyes. He has a policy that
pays a lump sum benefit for this injury. What type of
insurance does Mike have?
Catastrophic.
Accidental death and dismemberment.
, Major medical.
Hospital expense. - ANSWER-Accidental death and
dismemberment.
ABC Partnership is a business with a limited number of
partners. Which disability buy-sell agreement is best
suited for this business?
Optional buy-back agreement.
Entity purchase agreement.
Cross purchase agreement.
Organizational group agreement. - ANSWER-Cross
purchase agreement.
Most Recent Exam Actual Complete Real Exam
Questions And Correct Answers (100%Verified
Answers) | Already Graded A+ | Guaranteed Success!!
(Verified Answers) Newest Exam | Brand New!
Dividends from a stock company are normally sent to:
Beneficiaries
Shareholders
Policy holders
Insureds - ANSWER-Shareholders
Which of the following financial products creates an instant
estate, no matter when the date of death?
,Mutual funds
Life insurance
Certificate of deposit
Deferred annuity - ANSWER-Life insurance
Which of the following outlines the authority given to the
producer on behalf of the insurer?
Rebating arrangement
Commingling contract
Controlled business clause
Producer contract - ANSWER-Producer contract
Under HIPAA requirements, eligibility for the pre-existing
conditions exclusion waiver under new coverage is lost if
,There is a break in coverage for more than 33 days.
There is a break in coverage for more than 43 days.
There is a break in coverage for more than 53 days.
There is a break in coverage for more than 63 days. -
ANSWER-There is a break in coverage for more than 63
days
Mike recently lost sight in both eyes. He has a policy that
pays a lump sum benefit for this injury. What type of
insurance does Mike have?
Catastrophic.
Accidental death and dismemberment.
, Major medical.
Hospital expense. - ANSWER-Accidental death and
dismemberment.
ABC Partnership is a business with a limited number of
partners. Which disability buy-sell agreement is best
suited for this business?
Optional buy-back agreement.
Entity purchase agreement.
Cross purchase agreement.
Organizational group agreement. - ANSWER-Cross
purchase agreement.
