Life, health, & accident insurance exam Questions and Answers Updated 2026

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Life, health, & accident insurance exam Questions and Answers Updated 2026

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2026/2027

Institution Accident And Health License

Course Accident and health license

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Life, health, & accident insurance exam Questions and Answers Updated 2026

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Life, health, & accident
insurance exam
Questions and Answers
Updated 2026
RegardingBanBorganizationalBlicense,BwhatBhappensBwhenBaBcorporationBisBdissolved?
B-BAnswerBTheBlicenseBisBterminated

johnBappliesBforBaBvariableBannuityBandBdoesBnotBrequestBthatBtheBpremiumsBbeBim
mediatelyBinvestedBinBaBstockBorBbondBportfolio.BAfterBtheBannuityBisBissued,BJohnBr
eturnsBtheBannuityBcontractBtoBtheBinsurerBwithinBtheBfreeBlookBperiod.BWhatBwillBJ
ohnBreceiveBfromBtheBinsurer?B-BAnswerBTheBentireBpremium

WhichBofBtheBfollowingBinBNOTBofBtheBcommonBpersonalBusesBforBlifeBinsurance?B-
BAnswerBFundingBaBbuy-sellBagreement

WhichBtypeBofBlifeBinsuranceBpolicyBgivesBtheBpolicyBownerBtheBrightBtoBshareBinBth
eBinsurer'sBsurplus?B-BAnswerBParticipating

TheBinsuredBboughtBanBannuityBtenByearsBago.BHeBwillBretireBinBfiveByears.BToBdeter
mineBtheBvalueBofBhisBannuity,BheBmustBmultiplyBtheBvalueBofBtheB"accumulationBun
its"BheBowns,BtimesBtheBvalueBofBtheB"separateBaccount".BThisBtypeBofBannuityBisBkn
ownBasBaB-BAnswerBVariableBannuity

MedicareBPartBABbeginsBautomaticallyBatBage:B-BAnswerB65

AnBindividualBlicenseBisBconsideredBterminated:B-
BAnswerBOnBtheBdeathBofBtheBlicensee

,Usually,BinBorderBtoBjoinBaBgroupBinsuranceBplanBwithoutBprovingBinsurability,BanBem
ployeeBmust:B-BAnswerBJoinBtheBplanBduringBtheBenrollmentBperiod

ABsingleBdeductibleBamountBforBallBmembersBofBtheBsameBfamilyBandBaBrightBtoBsin
gleBfamilyBmemberBdeductiblesBisBknownBas:B-BAnswerBFamilyBdeductible

COBRABappliesBtoBemployersBwithBatBleastB-BAnswerB20Bemployees

TheBpolicyBprovisionBwhichBcomesBintoBeffectBwhenBtheBinsuredBandBprimaryBbenefic
iaryBdieBinBaBsimultaneousB(common)BaccidentBwithBnoBevidenceBasBtoBwhoBdiedBfir
stBis:B-BAnswerBCommonBdisasterBprovision

UnlessBitBisBmerelyBaBstatementBofBanBexpectationBorBaBbelief,BaBrepresentationBasBt
oBtheBfutureBisBconsideredBwhichBofBtheBfollowing?B-BAnswerBPromise

InBgroupBinsuranceBtheBCertificatesBofBInsuranceBareBissuedBto:B-
BAnswerBTheBgroupBmembers

WhatBisBaBdisabilityBincomeBpolicyBthatBcoversBinjuriesBsufferedBbyBanBinsuredBonBor
BoffBtheBjobBcalled?B-BAnswerBAnBoccupationalBpolicy

TwelveBmonthsBago,BaBmanBslippedBandBfellBdownBaBflightBofBstairsBatBhisBworkplac
e.BAsBaBresultBheBhasBaBparalysisBforBwhichBheBisBnotBexpectedBtoBrecover.BThisB46
ByearBoldBpersonBwillBprobablyBbeBableBtoBcollectBdisabilityBincomeBbenefitsBfrom:B-
BAnswerBWorkersBCompensation

WhatBmustBanBinsurerBdoBwhoBacceptsBanBapplicationBfromBanBagentBwhoBisBnotBsp
ecificallyBappointedBbyBanBinsurerBandBthenBissuesBaBpolicyBfromBthatBapplication?B-
BAnswerBForwardBtoBtheBInsuranceBCommissionerBaBNoticeBofBAppointmentBwithinB1
4BdaysBofBreceiptBofBapplication

,IfBoneBwereBtoBreceiveBtheBprincipalBsumBbenefitBofBdeathBinBaBdisabilityBpolicy,Bthe
BdeathBmustBoccur:B-BAnswerBWithinBaBspecifiedBnumberBofBdaysBafterBinjuryBoccurs

WhichBofBtheBfollowingBisBtrueBregardingBparticipationBinBaBgroupBhealthBplan?B-
BAnswerBABnon-contributoryBgroupBhealthBplanBmustBinvolveBallBmembers

AnBinsurerBownedBbyBpolicyholdersBisBa:B-BAnswerBMutualBinsurer

WhyBshouldBaBcontingentBbeneficiaryBbeBnamedBinBaBlifeBinsuranceBpolicy?B-
BAnswerBToBdetermineBwhoBreceivesBtheBpolicyBbenefitsBifBtheBprimaryBbeneficiaryBi
sBdeceased

WhenBaBfamilyBpolicyBcoversBchildren,BallBofBtheBfollowingBareBtrueBEXCEPTB-
BAnswerBEvidenceBofBinsurabilityBisBrequiredBifBcoverageBforBchildrenBisBpermanentBi
nsurance

EachBofBtheBfollowingBtermsBisBanBimportantBcharacteristicBofBaBmajorBmedicalBpolic
y,BEXCEPT:B-BAnswerBCapitation

WhatBwouldBaBpersonBbeBguiltyBofBwhoBrefusesBtoBsubmitBbooksBandBrecordsBtoBth
eBCommissioner?B-BAnswerBMisdemeanor

AnBinsuredBboughtBaB$150,000Bnon-
participatingBwholeBlifeBpolicyBmanyByearsBago.BSheBisB100ByearsBoldBtoday.BSheBhas
BneverBborrowedBfromBtheBpolicy,BandBhasBmadeBallBpremiumBpaymentsBwhenBdue.
BTheBpolicyBcashBvalueBis:B-BAnswerB$150,000

AccidentalBDeathBandBDismembermentBinsurance,BwhichBofBtheBfollowingBwouldBnotB
beBconsideredBaccidental?B-
BAnswerBEmployeeBrequiresBabdominalBsurgeryBafterBfoodBpoisoningBinBtheBlunchBro
om

, AnBassociationBofBindustryBspecificBemployersBwhoBareBjoinedBtogetherBinBorderBtoBq
ualifyBfor,BorBgainBpremiumBadvantages,BinBgroupBinsuranceBis:B-BAnswerBMET

WhichBofBtheBfollowingBisBaBtrueBstatementBregardingBtheBsocialBsecurityB(OASHI)Bpr
ogram?B-
BAnswerBTheBprogramBprovidesBaBminimumBfloorBofBincome,BandBisBmeantBtoBsuppl
ementBaBretiree'sBownBpersonalBprogram

UnderBtheBConsolidatedBOmnibusBBudgetBReconciliationBActB(COBRA),BwhichBofBtheBf
ollowingBisBaBqualifyingBevent?B-BAnswerBDivorce

WhichBisBNOTBpartBofBtransactingBinsurance?B-BAnswerBEstablishingBaBlistBofBclients

WhichBpartyBhasBrightsBinBaBlifeBinsuranceBpolicyBonlyBafterBtheBdeathBofBtheBinsure
d?B-BAnswerBTheBbeneficiary

UnlessBtheBapplicantBindicatesBotherwiseBduringBtheBright-to-
returnBperiodBinBanBindividualBannuity,BtheBpremiumBforBaBvariableBannuityBwouldBb
eBinvestedBonlyBin:B-BAnswerBFixedBincomeBinvestmentsBandBmoneyBmarketBfunds

HMO'sBareBinvolvedBinBallBofBtheBfollowingBEXCEPT:B-
BAnswerBEmphasizingBtheBuseBofBspecialtyBphysicians

ABpersonBhasBaBdisabilityBpolicyBwithBtheBfollowingBdefinitionBofBdisability:B"theBinabi
lityBtoBperformBanyBoccupationBforBwhichBtheBinsuredBisBsuitedBthroughBeducation,Bt
raining,BexperienceBorBpriorBeconomicBstatus."BThisBisBan:B-
BAnswerBAnyBoccupationBdefinitionBandBisBveryBrestrictive

IfBtheBfinancialBlossBonBaBcertainBgroupBofBpeopleBoccurringBoverBaBcertainBperiodBo
fBtimeBdefinesBtheBpricingBofBaBdisabilityBpolicy,BitBisBtheBpricingBprincipleBknownBas:
B-BAnswerBFrequency

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Uploaded on: August 15, 2026
Number of pages: 31
Written in: 2026/2027
Type: Exam (elaborations)
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