SC PEARSON VUE LIFE AND HEALTH INSURANCE EXAM
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED
AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED A+
A policyowner has ___ days after policy delivery to return a major medical policy for a full refund. -
(ANSWER)10
Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance
policy? - (ANSWER)Submit to the replacing insurer a list of the policies to be replaced
If a Medicare Supplement policy replaces another that had been in effect for at least 6 months, the
replacing policy may impose which of the following time exclusions for pre-existing conditions? -
(ANSWER)0 months
In South Carolina, health policies that are paid less-frequent than monthly must provide a grace period
of at least - (ANSWER)7 days
A Fraternal Benefit Society has each of the following characteristics EXCEPT - (ANSWER)Exists For profit
Long-term care insurance and Medicare Supplement plans have a free-look period of ___ days. -
(ANSWER)30
Long-term care insurance provides - (ANSWER)one or more diagnostic, preventive, therapeutic,
rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a
hospital
An insurance producer is BEST described as someone who - (ANSWER)sells, solicits, or negotiates
insurance contracts for compensation on behalf of an insurer
A non-authorized insurance company - (ANSWER)is not protected by the Guaranty Fund
, SC PEARSON VUE LIFE AND HEALTH INSURANCE EXAM
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED
AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED A+
Defamation can be BEST described as - (ANSWER)making a statement that is false or maliciously critical
of the financial condition of an insurer
A producer must report to the Director any administrative action or criminal charges taken against the
producer within __ days. - (ANSWER)30
A producer who is licensed in South Carolina but resident in another state is called a -
(ANSWER)nonresident producer
If a producer has broken a state insurance statute, the Director may issue a cease and desist order. This
order demands that the producer - (ANSWER)stop engaging in the act
A producer's license has been suspended for non-renewal. The producer may apply for reinstatement -
(ANSWER)within 6 months of the license renewal date
To be eligible for small employer group coverage, an employee must work a MINIMUM of ___ hours in a
typical week. - (ANSWER)30
Within ___ days after policy delivery, both Medicare Supplement and Long-Term Care policies can be
returned for a 100% premium refund. - (ANSWER)30
All of the following actions are considered rebating EXCEPT - (ANSWER)sharing commissions with other
licensed and appointed producers
Written notice of a health insurance claim should be given to the insurer within __ days after the
occurrence of any loss covered by the policy. - (ANSWER)20
A Buyer's Guide MUST - (ANSWER)have it's content approved by the Director
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED
AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED A+
A policyowner has ___ days after policy delivery to return a major medical policy for a full refund. -
(ANSWER)10
Which of the following actions is REQUIRED by a producer who is replacing an existing life insurance
policy? - (ANSWER)Submit to the replacing insurer a list of the policies to be replaced
If a Medicare Supplement policy replaces another that had been in effect for at least 6 months, the
replacing policy may impose which of the following time exclusions for pre-existing conditions? -
(ANSWER)0 months
In South Carolina, health policies that are paid less-frequent than monthly must provide a grace period
of at least - (ANSWER)7 days
A Fraternal Benefit Society has each of the following characteristics EXCEPT - (ANSWER)Exists For profit
Long-term care insurance and Medicare Supplement plans have a free-look period of ___ days. -
(ANSWER)30
Long-term care insurance provides - (ANSWER)one or more diagnostic, preventive, therapeutic,
rehabilitative, maintenance, or personal care services in a setting other than an acute care unit of a
hospital
An insurance producer is BEST described as someone who - (ANSWER)sells, solicits, or negotiates
insurance contracts for compensation on behalf of an insurer
A non-authorized insurance company - (ANSWER)is not protected by the Guaranty Fund
, SC PEARSON VUE LIFE AND HEALTH INSURANCE EXAM
COMPREHENSIVE EXAM QUESTIONS WITH DETAILED VERIFIED
AND 100% ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED A+
Defamation can be BEST described as - (ANSWER)making a statement that is false or maliciously critical
of the financial condition of an insurer
A producer must report to the Director any administrative action or criminal charges taken against the
producer within __ days. - (ANSWER)30
A producer who is licensed in South Carolina but resident in another state is called a -
(ANSWER)nonresident producer
If a producer has broken a state insurance statute, the Director may issue a cease and desist order. This
order demands that the producer - (ANSWER)stop engaging in the act
A producer's license has been suspended for non-renewal. The producer may apply for reinstatement -
(ANSWER)within 6 months of the license renewal date
To be eligible for small employer group coverage, an employee must work a MINIMUM of ___ hours in a
typical week. - (ANSWER)30
Within ___ days after policy delivery, both Medicare Supplement and Long-Term Care policies can be
returned for a 100% premium refund. - (ANSWER)30
All of the following actions are considered rebating EXCEPT - (ANSWER)sharing commissions with other
licensed and appointed producers
Written notice of a health insurance claim should be given to the insurer within __ days after the
occurrence of any loss covered by the policy. - (ANSWER)20
A Buyer's Guide MUST - (ANSWER)have it's content approved by the Director
