Idaho Life and Health Final Exam questions and answer rated 5 stars

Idaho Life and Health Final Exam questions and answer rated 5 stars What are the benefits that must be provided by an individual health insurance policy for prenatal, maternity, and delivery expenses? - Prenatal, maternity, and delivery expenses are required to be covered under all health plans subject to the same deductible and coinsurance as other medical and surgical expenses. Which situation would qualify an individual for receiving benefits from a qualified longterm care policy? - Becoming cognitively impaired (mentally ill) How many days is the grace period for payment of premiums in individual life insurance policies? - 30 According to the Idaho Insurance Code, which of the following MUSt a producer do when replacing a Life Insurance policy? - Submit to the replacing insurer a list of all Life Insurance policies or annuity contracts proposed to be replaced. A hospital or medical expenses policy will typically cover dental treatment expenses under which circumstance? - Dental treatment is needed to repair an injury. An insured and the policy's beneficiary die from the same accident. The common disaster provision states the insurer will continue as if - The insured outlived the beneficiary. A closed network plan offers a primary physical copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - 100% of the allowed amount. In what part of an insurance policy are policy benefits found? - Declarations. The Declaration page is like a quick guide to in insurance policy, providing all of the basic information the policy holder needs to know. Which of the following is NOT included in an entire contract provision? - Changes made by the producer. A producer's fiduciary responsibility includes which of the following activities? - Being responsible for all funds collected from clients. Which part of the following does Medicare Part D cover? - Prescription drugs. Which of the following would be considered an underwriting duty of an agent? - Completing all applications and collecting initial premiums. Which of the following is not considered advertising? - A rating from a rating service such as A.M Best. All of these statements concerning whole life insurance are false EXCEPT - When a whole life policy is surrendered, income taxes may be owed. All of the following occurrences may result in license revocation EXCEPT - Producing an inadequate amount of new premium. Which of the following nursing home options would best suit an individual who needs some nursing care and supervision but not full-time care? - Assisted living facilities. Which of these statements regarding the annuitant is CORRECT? - The annuitant's life expectancy determines the annuity payments. A temporary producer license can be issues in any of the following circumstances EXCEPT - A prospective producer who is enrolled in an insurance pre-license class. All of the following statements requiring the reinstatement of a life insurance policy are correct EXCEPT? - A policy may be reinstated without proof of insurability. Sole proprietors are permitted tax deductions for health costs paid from their earnings in the amount of - Costs that exceed 7 1/2 % of AGI. Key Person Disability Insurance pays benefits to the - employer; provides crucial benefits to protect the company financially if a key employee becomes disabled;Employer is the policy owner and pays premiums that are not tax deductible; Benefits are tax-free to employer. What is the minimum number of hours required for an employee to be eligible for small group coverage? - 30 Which of the following is not part of an insurance con