DC LAWS AND RULES PERTINENT TO
INSURANCE - CHAPTER 8 (HEALTH)
EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS 100%
CORRECT RATED A+
Q1: An example of rebating would be:
Answer:
✔✔ Offering a client something of value not stated in the contract in exchange for
their business ✔✔
Q2: In the District of Columbia, monthly premium health insurance policies must
provide a grace period of at least:
Answer:
✔✔ 10 days ✔✔
Q3: In DC, an insurer licensed to conduct business in DC but domiciled in New
Jersey is called a(n):
Answer:
✔✔ Foreign company ✔✔
Q4: A license may be denied, suspended, or revoked if the licensee is:
Answer:
✔✔ Found guilty of misrepresentation in obtaining the license ✔✔
Q5: Within how many days after policy delivery can both Medicare Supplement
and Long-Term Care policies be returned for a 100% premium refund?
Answer:
✔✔ 30 days ✔✔
, Q6: Which of the following is a requirement to obtain a nonresident producer
license?
Answer:
✔✔ Be licensed as a producer in the producer’s state of domicile ✔✔
W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years later, the company discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of age provision in regard
to the payment of the death claim?
the proceeds would be reduced based on whatever the premium would have been if
purchased at age 59
what is the purpose of the District of Columbia life and health insurance guaranty
association
ensures that claims filed against insolvent insurance companies will be paid
michael the insurance producer acts in a fiduciary capacity when conducting
business with all of these principals except
the commissioner
When a Medicare Supplement insurance policy is delivered, disclosure standards
require that a(n) ___ of coverage be provided to the insured
outline
INSURANCE - CHAPTER 8 (HEALTH)
EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS 100%
CORRECT RATED A+
Q1: An example of rebating would be:
Answer:
✔✔ Offering a client something of value not stated in the contract in exchange for
their business ✔✔
Q2: In the District of Columbia, monthly premium health insurance policies must
provide a grace period of at least:
Answer:
✔✔ 10 days ✔✔
Q3: In DC, an insurer licensed to conduct business in DC but domiciled in New
Jersey is called a(n):
Answer:
✔✔ Foreign company ✔✔
Q4: A license may be denied, suspended, or revoked if the licensee is:
Answer:
✔✔ Found guilty of misrepresentation in obtaining the license ✔✔
Q5: Within how many days after policy delivery can both Medicare Supplement
and Long-Term Care policies be returned for a 100% premium refund?
Answer:
✔✔ 30 days ✔✔
, Q6: Which of the following is a requirement to obtain a nonresident producer
license?
Answer:
✔✔ Be licensed as a producer in the producer’s state of domicile ✔✔
W gave W's age as 50 when W purchased a Life policy. At the time of W's death
seven years later, the company discovered W's true age at issue had been 59. What
would the normal procedure be under the misstatement of age provision in regard
to the payment of the death claim?
the proceeds would be reduced based on whatever the premium would have been if
purchased at age 59
what is the purpose of the District of Columbia life and health insurance guaranty
association
ensures that claims filed against insolvent insurance companies will be paid
michael the insurance producer acts in a fiduciary capacity when conducting
business with all of these principals except
the commissioner
When a Medicare Supplement insurance policy is delivered, disclosure standards
require that a(n) ___ of coverage be provided to the insured
outline
