CT Life and Health State Exam Simulator Questions With Correct Answers 2024 A+

CT Life and Health State Exam Simulator Questions With Correct Answers 2024 A+ After a life insurance policy has been in force for more than _____ years the policy is considered incontestable. - ANS-2 Years An accident and health insurance policy's premium requirements are set forth in which of the following provisions? - ANS-Consideration Clause Which of these would NOT be a valid reason to add the waiver of premium rider to a life insurance policy? - ANS-It allows a policy loan to cover premium payments if the policyowner becomes totally disabled. How can a group dental insurer discourage adverse selection? - ANS-Limit the duration of coverage. How long is individual medical expense insurance normally written for? - ANS-1 year. Which statement about group life insurance is INCORRECT? - ANS-Each participant requires evidence of insurability. The Commissioner is empowered to perform each of the following acts EXCEPT - ANS-Make rules that are consistent with those of neighboring states. Any agreement that unreasonably restrains the business of insurance is a violation of which Unfair or Prohibited Insurance Practice? - ANS-Boycott, coercion and intimidation Which of the following is a requirement for an individual to receive an insurance license in Connecticut? - ANS-Passing the appropriate examination. Kelly purchases a health insurance policy issued on a conditionally renewable basis. The insurance company has a right to refuse renewal of the policy for - ANS-Specific reasons stated in the contract. Social security disability income requirements state that in order to become fully insured on a permanent basis, you must have worked in a covered occupation for - ANS-40 quarters During an annuity's liquidation phase, the annuitant normally - ANS-receives benefit payments at regular intervals. What type of life insurance policy covers two or more persons and pays the face amount upon the death of the first insured? - ANS-Joint Life A(n)__________________insurer writes business in a state other than the one in which it is domiciled - ANS-Foreign Medical costs in birthing centers are lowered by using - ANS-Certified nurse midwives. ABC Partnership is a business with a limited number of partners. Which disability buy-sell agreement is best suited for this business? - ANS-Cross purchase agreement What type of doctor-ordered care assists an individual with performing basic daily activities such as bathing, dressing, and eating? - ANS...