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COLORADO ACCIDENT AND HEALTH GENERAL
STATE EXAM|| SIMULATOR EXAM ALL
QUESTIONS AND CORRECT ANSWERS ALREADY
GRADED A+|| LATEST AND COMPLETE VERSION
2024-2025 WITH WELL EXPLAINED ANSWERS||
ASSURED PASS!!!
Which of the following is not a limited benefit plan? - ANSWER: life insurance
policy
P received Disability income benefits for 3 months then returns to work. She is
able to work one month before her condition returns, leaving her disabled once
again. What would the insurance company most likely regard this second period of
disability as? - ANSWER: A recurrent disability
A prospective insured completes and signs an application for health insurance but
intentionally conceals information about a pre-existing heart condition. The
company issues the policy. Two months later, the insured suffers a heart attack and
submits a claim. While processing the claim, the company discovers the pre-
existing condition. In this situation, the company will - ANSWER: continue
coverage but exclude the heart condition
Medicare Part C is - ANSWER: available to those who are enrolled in Medicare
Part A and Part B
Which statement is true regarding a minor beneficiary? - ANSWER: Normally, a
guardian is required to be appointed in the Beneficiary clause of the contract
The legal actions provision of an insurance contract is designed to do all of the
following except - ANSWER: protect the producer
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Medicare is intended for all of the following groups EXCEPT - ANSWER: those
enrolled as full time students
In the event of an illness, an _____ _____ policy would reimburse an insured for
loss of earnings. - ANSWER: Disability income
Common exclusions to the continuation of group coverage include: - ANSWER:
all of the above
Who is not eligible to receive commissions from the sale of an insurance product?
- ANSWER: corporate executive
The frist portion of a covered Major Medical insurance expense that the insured is
required to pay is called the - ANSWER: initial deductible
How long must a replacing insurer maintain the records of a replacement
transaction? - ANSWER: 5 years
In regards to maternity care, which of the following is not required to be covered in
the State of Colorado? - ANSWER: standard newborn circumcision
Why is an applicant's signature required on a life insurance application? -
ANSWER: to attest that the statements on the application are accurate to the best
of the applicants knowledge
Which statement is true regarding a group accident and health policy issued to an
employer? - ANSWER: The employer receives the policy and each employee is
issued a certificate
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Which of the following is the reinbursement of benefits for the treatment of a
beneficiary's injuries cuased by a third party? - ANSWER: Subrogation
What type of renewability guarantes premium rates and renewability? -
ANSWER: Noncancellable
M purchased an Accidental Death and Dismemberment (AD&D) policy and
named his son as beneficiary. M has the right to change the beneficiary designation
at anytime. What type of beneficiary is his son? - ANSWER: Revocable
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
Which of the following characteristics is associated with a large group disability
income policy? - ANSWER: No medical underwriting
Major Medical policies typically - ANSWER: contain a deductible and
coinsurance
The percentage of an individual's Primary Insurance Amount (PIA) determines the
benefits paid in which of the following programs? - ANSWER: Social Security
Disabilty Income
Under a Guaranteed Renewable health insurance policy, the insurer - ANSWER:
may cancel the policy for nonpayment only
COLORADO ACCIDENT AND HEALTH GENERAL
STATE EXAM|| SIMULATOR EXAM ALL
QUESTIONS AND CORRECT ANSWERS ALREADY
GRADED A+|| LATEST AND COMPLETE VERSION
2024-2025 WITH WELL EXPLAINED ANSWERS||
ASSURED PASS!!!
Which of the following is not a limited benefit plan? - ANSWER: life insurance
policy
P received Disability income benefits for 3 months then returns to work. She is
able to work one month before her condition returns, leaving her disabled once
again. What would the insurance company most likely regard this second period of
disability as? - ANSWER: A recurrent disability
A prospective insured completes and signs an application for health insurance but
intentionally conceals information about a pre-existing heart condition. The
company issues the policy. Two months later, the insured suffers a heart attack and
submits a claim. While processing the claim, the company discovers the pre-
existing condition. In this situation, the company will - ANSWER: continue
coverage but exclude the heart condition
Medicare Part C is - ANSWER: available to those who are enrolled in Medicare
Part A and Part B
Which statement is true regarding a minor beneficiary? - ANSWER: Normally, a
guardian is required to be appointed in the Beneficiary clause of the contract
The legal actions provision of an insurance contract is designed to do all of the
following except - ANSWER: protect the producer
,2|Pag e
Medicare is intended for all of the following groups EXCEPT - ANSWER: those
enrolled as full time students
In the event of an illness, an _____ _____ policy would reimburse an insured for
loss of earnings. - ANSWER: Disability income
Common exclusions to the continuation of group coverage include: - ANSWER:
all of the above
Who is not eligible to receive commissions from the sale of an insurance product?
- ANSWER: corporate executive
The frist portion of a covered Major Medical insurance expense that the insured is
required to pay is called the - ANSWER: initial deductible
How long must a replacing insurer maintain the records of a replacement
transaction? - ANSWER: 5 years
In regards to maternity care, which of the following is not required to be covered in
the State of Colorado? - ANSWER: standard newborn circumcision
Why is an applicant's signature required on a life insurance application? -
ANSWER: to attest that the statements on the application are accurate to the best
of the applicants knowledge
Which statement is true regarding a group accident and health policy issued to an
employer? - ANSWER: The employer receives the policy and each employee is
issued a certificate
, 3|Pag e
Which of the following is the reinbursement of benefits for the treatment of a
beneficiary's injuries cuased by a third party? - ANSWER: Subrogation
What type of renewability guarantes premium rates and renewability? -
ANSWER: Noncancellable
M purchased an Accidental Death and Dismemberment (AD&D) policy and
named his son as beneficiary. M has the right to change the beneficiary designation
at anytime. What type of beneficiary is his son? - ANSWER: Revocable
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
Which of the following characteristics is associated with a large group disability
income policy? - ANSWER: No medical underwriting
Major Medical policies typically - ANSWER: contain a deductible and
coinsurance
The percentage of an individual's Primary Insurance Amount (PIA) determines the
benefits paid in which of the following programs? - ANSWER: Social Security
Disabilty Income
Under a Guaranteed Renewable health insurance policy, the insurer - ANSWER:
may cancel the policy for nonpayment only
