Missouri Health & Life |Practice Test 1 Questions & Answers 100% Verified!!

Missouri Health & Life |Practice Test 1 Questions & Answers 100% Verified!! Which of the following entities has the authority to make changes to an insurance policy? -ANSWER Insurers executive officer What is the purpose of a conditional receipt? -ANSWER It is intended to provide coverage on a date prior to the policy issue When a disabled dependent child reaches the age limit for coverage, how long does the policy owner have to provide proof of dependency in order for the dependent to remain covered under the policy? -ANSWER 31 days In comparison to consumer reports, which of the following describes a unique characteristic of investigative consumer reports? -ANSWER The customers associates, friends and neighbors provide the reports data The minimum number of credits required for partially insured status for social security disability benefits is... -ANSWER 6 credits What is a penalty tax for nonqualified distributions from a Health Savings Account? -ANSWER 20% What type of insurance would be used for a Return of Premium Rider? -ANSWER Increasing Term What type of insurance would be used for a Return of Premium Rider/ -ANSWER Increasing Term Contracts that are prepared by one party and submitted to the other party on a take it or leave it basis are classified as... -ANSWER Contracts Of Adhesion Which of the following is not true regarding Equity Indexed Annuities? -ANSWER They earn lower interest rates than fixed annuities All of the following are correct about the required provisions of a health insurance policy except.... -ANSWER A reinstated policy provides immediate coverage for an illness What is the purpose of a fixed period settlement option? -ANSWER To provide a guaranteed income for a certain amount of time