California Life, Accident, and Health State Exam Questions and Answers Rated A

California Life, Accident, and Health State Exam Questions and Answers Rated A "blackout period" affects - Answer ️️ -widowed spouse How long must an individual be unable to engage in any gainful activity due to physical or mental disability in order to qualify for total Social Security Total Disability? - Answer ️️ -12 months What does ESOP stand for? - Answer ️️ -Employee Stock Ownership Plan An example of risk sharing would be - Answer ️️ -Doctors pooling their money to cover malpractice exposures According to life insurance contract law, insurable interest exists - Answer ️️ -at the time of application In California, the elderly can receive information about health relates issues from? - Answer ️️ -HiCAP The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include? - Answer ️️ -Medicare in-hospital deductible Which of the following is Ineligible to participate in Section 125 plan? - Answer ️️ -An S- Corp Owner with greater than 2% share Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will NOT pay for charges exceeding the approved amount? - Answer ️️ - Medicare Supplement Plan F what is the purpose of the pre-existing condition insurance plan - Answer ️️ -Provides health insurance coverage to individuals who have preexisting conditions In most dental plans, a deductible typically is NOT applied to - Answer ️️ -Preventative and diagnostic services What guarantees that the statements supplied by an insurance applicant are true? - Answer ️️ - Warranty How is a health provider reimbursed if they do NOT have an agreement in place with the insurance company? - Answer ️️ -With a usual, customary, and reasonable fee A provision in a whole life policy that allows a policyowner to terminate the policy in return for a reduced paid-up policy of the same type is called a(n) - Answer ️️ -nonforfeiture provision Which of these statements regarding the annuitant is CORRECT? - Answer ️️ -The annuitant's life expectancy determines the annuity payments Dishonest tendencies that increase the probability of loss are what types of hazard? - Answer ️️ -Moral Hazard What is required after a life insurance agent sells an insurance policy to an applicant without being appointed by the insurer? - Answer ️️ -Notice of appointment must be submitted to the Commissioner. "policy" is defined as - Answer ️️ -written contract What is a corridor in relation to a Universal Life insurance policy? - Answer ️️ -the gap between the total death benefit and the policy's cas