CT Life and Health
CT Life and Health State
Exam Simulator Questions
And Answers Verified 100%
Correct!!
After a life insurance policy has been in force for more than _____ years
the policy is
considered incontestable. Answer - 2
Years
An accident and health insurance policy's premium requirements are
set forth in
which of the following provisions? Answer - Consideration
Clause
Which of these would NOT be a valid reason to add the waiver of premium
rider to a life insurance policy? Answer - It allows a policy loan to cover
premium payments if the policyowner becomes totally disabled.
How can a group dental insurer discourage adverse selection? Answer
- Limit the
duration of
coverage.
How long is individual medical expense insurance normally written for?
Answer - 1
year
.
Which statement about group life insurance is INCORRECT?
Answer - Each
participant requires evidence of
insurability.
The Commissioner is empowered to perform each of the following
acts EXCEPT
Answer - Make rules that are consistent with those of
neighboring states.
Any agreement that unreasonably restrains the business of insurance is a
violation of which Unfair or Prohibited Insurance Practice? Answer -
Boycott, coercion and intimidation
Which of the following is a requirement for an individual to
receive an insurance
license in Connecticut? Answer - Passing the appropriate
examination.
Kelly purchases a health insurance policy issued on a conditionally
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
,CT Life and Health
renewable basis.
The insurance company has a right to refuse renewal of the
policy for Answer -
Specific reasons stated in the
contract.
Social security disability income requirements state that in order to
become fully insured on a permanent basis, you must have worked in a
covered occupation for Answer - 40 quarters
During an annuity's liquidation phase, the annuitant normally
Answer - receives
benefit payments at regular
intervals.
What type of life insurance policy covers two or more persons and
pays the face
amount upon the death of the first insured? Answer -
Joint Life
A(n)__________________insurer writes business in a state other than
the one in
which it is domiciled Answer -
Foreign
Medical costs in birthing centers are lowered by using Answer -
Certified nurse
midwive
s.
ABC Partnership is a business with a limited number of partners.
Which disability
buy-sell agreement is best suited for this business? Answer -
Cross purchase
agreeme
nt
What type of doctor-ordered care assists an individual with
performing basic daily
activities such as bathing, dressing, and eating? Answer -
Custodial care
In a qualified retirement plan, the yearly contributions to an
employee's account?
Answer - are restricted to maximum limits set
by the IRS
When using the needs approach for life insurance planning, a lump sum
may be created to provide for all of the following EXCEPT Answer -
Employee benefits
The_________is responsible for reporting to the Commissioner
any name or
address change of the licensee. Answer -
licensee
an individual who intentionally violates a Connecticut insurance
law may be subject
to a MAXIMUM fine of Answer -
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
, CT Life and Health
$5,000
If one producer provides a referral to another producer which results in the
sale of an insurance contract,who will likely be paid a commission?
Answer - The commission will likely be shared between the two producers.
The free look period provided in a life insurance policy is usually ____days
Answer -
1
0
According to the Affordable Care Act (ACA), the proportion of premium
revenues spent on clinical services and quality improvements is called the
Answer - Medical loss ratio
Which of the following is generally a form of group credit life
insurance? Answer -
Decreasing term
insurance
Emergency health care coverage for Medicare enrollees traveling
abroad is Answer -
a Medicare Supplement additional
benefit
An advantage of owning a flexible premium life insurance policy
would be Answer -
The policyowner can make policy changes
without difficulty
Which of the following must clearly be illustrated in ALL sales material for
market value adjusted annuities? Answer - The market value adjustment
can be either upward or downward.
Which of these situations would NOT potentially involve a prison
sentence under
Federal law? Answer - Selling insurance with a
nonresident license
Which of the following regarding hospital pre-admission
authorization is NOT true?
Answer - It encourages weekend
admission
The initial premium for a life insurance policy is typically paid in what
way? Answer -
It is typically obtained by the producer and forwarded
to the insurer
Which of the following would prevent a person from obtaining a
Connecticut resident
producer license? Answer - Residing in a state outside of
connecticut
After conducting a hearing, the Commissioner is empowered to
issue a cease and
desist order. A violation of such an order is punishable by a
monetary fine not to
exceed Answer -
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
CT Life and Health State
Exam Simulator Questions
And Answers Verified 100%
Correct!!
After a life insurance policy has been in force for more than _____ years
the policy is
considered incontestable. Answer - 2
Years
An accident and health insurance policy's premium requirements are
set forth in
which of the following provisions? Answer - Consideration
Clause
Which of these would NOT be a valid reason to add the waiver of premium
rider to a life insurance policy? Answer - It allows a policy loan to cover
premium payments if the policyowner becomes totally disabled.
How can a group dental insurer discourage adverse selection? Answer
- Limit the
duration of
coverage.
How long is individual medical expense insurance normally written for?
Answer - 1
year
.
Which statement about group life insurance is INCORRECT?
Answer - Each
participant requires evidence of
insurability.
The Commissioner is empowered to perform each of the following
acts EXCEPT
Answer - Make rules that are consistent with those of
neighboring states.
Any agreement that unreasonably restrains the business of insurance is a
violation of which Unfair or Prohibited Insurance Practice? Answer -
Boycott, coercion and intimidation
Which of the following is a requirement for an individual to
receive an insurance
license in Connecticut? Answer - Passing the appropriate
examination.
Kelly purchases a health insurance policy issued on a conditionally
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
,CT Life and Health
renewable basis.
The insurance company has a right to refuse renewal of the
policy for Answer -
Specific reasons stated in the
contract.
Social security disability income requirements state that in order to
become fully insured on a permanent basis, you must have worked in a
covered occupation for Answer - 40 quarters
During an annuity's liquidation phase, the annuitant normally
Answer - receives
benefit payments at regular
intervals.
What type of life insurance policy covers two or more persons and
pays the face
amount upon the death of the first insured? Answer -
Joint Life
A(n)__________________insurer writes business in a state other than
the one in
which it is domiciled Answer -
Foreign
Medical costs in birthing centers are lowered by using Answer -
Certified nurse
midwive
s.
ABC Partnership is a business with a limited number of partners.
Which disability
buy-sell agreement is best suited for this business? Answer -
Cross purchase
agreeme
nt
What type of doctor-ordered care assists an individual with
performing basic daily
activities such as bathing, dressing, and eating? Answer -
Custodial care
In a qualified retirement plan, the yearly contributions to an
employee's account?
Answer - are restricted to maximum limits set
by the IRS
When using the needs approach for life insurance planning, a lump sum
may be created to provide for all of the following EXCEPT Answer -
Employee benefits
The_________is responsible for reporting to the Commissioner
any name or
address change of the licensee. Answer -
licensee
an individual who intentionally violates a Connecticut insurance
law may be subject
to a MAXIMUM fine of Answer -
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
, CT Life and Health
$5,000
If one producer provides a referral to another producer which results in the
sale of an insurance contract,who will likely be paid a commission?
Answer - The commission will likely be shared between the two producers.
The free look period provided in a life insurance policy is usually ____days
Answer -
1
0
According to the Affordable Care Act (ACA), the proportion of premium
revenues spent on clinical services and quality improvements is called the
Answer - Medical loss ratio
Which of the following is generally a form of group credit life
insurance? Answer -
Decreasing term
insurance
Emergency health care coverage for Medicare enrollees traveling
abroad is Answer -
a Medicare Supplement additional
benefit
An advantage of owning a flexible premium life insurance policy
would be Answer -
The policyowner can make policy changes
without difficulty
Which of the following must clearly be illustrated in ALL sales material for
market value adjusted annuities? Answer - The market value adjustment
can be either upward or downward.
Which of these situations would NOT potentially involve a prison
sentence under
Federal law? Answer - Selling insurance with a
nonresident license
Which of the following regarding hospital pre-admission
authorization is NOT true?
Answer - It encourages weekend
admission
The initial premium for a life insurance policy is typically paid in what
way? Answer -
It is typically obtained by the producer and forwarded
to the insurer
Which of the following would prevent a person from obtaining a
Connecticut resident
producer license? Answer - Residing in a state outside of
connecticut
After conducting a hearing, the Commissioner is empowered to
issue a cease and
desist order. A violation of such an order is punishable by a
monetary fine not to
exceed Answer -
CT Life and Health State Exam Simulator Questions And Answers Verified 100% Correct!!
