bankers life final exam questions with highest ranking

B the producer is scheduled for a retail hearing in a criminal prosecution. which of the following does not need to be submitted to the insurance commissioner prior to B's hearing - ANSWER-the posted bond K failed to pay a renewal premium within the time granted by the insurer. K then sends in a payment which the insurer subsequently accepts. Which policy provision specifies that coverage may be restored in this situation? - ANSWER-Reinstatement All are true statements regarding the underwriting process, EXCEPT: - ANSWER-AIDS and HIV virus exams can be conducted in a discriminatory fashion M has an insurance policy that also has an outstanding policy loan at the time of M's death. The insurer will deduct the outstanding loan balance from the - ANSWER-policy proceeds B receives yearly dividends and interest from a participating life insurance policy. Which of these should B include as gross income for federal income tax purposes? - ANSWER-Interest only All of the following statements regarding group health insurance is true, EXCEPT - ANSWER-An individual policy is given to each member According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options? - ANSWER-monthly Life insurance death benefits up to _____ are guaranteed by the West Virginia Life and Health Guaranty Association - ANSWER-$300,000 Which of these are not an example of a nonforfeiture option - ANSWER-Life Income