SOUTH CAROLINA LIFE AND HEALTH FINAL EXAM
The branch of dentistry which deals with the replacement of missing parts is called
Endodontics
Periodontics
Orthodontics
Prosthodontics - Answers - Prosthodontics
How many months can a life insurance policy normally be backdated from the date of
application?
3
6
9
12 - Answers - 6
HIPAA considers which of the following as "individually identifiable health information"?
- Answers - A person's health claim information
Which of the following is NOT taken into consideration when determining eligibility for
Medicare benefits? - Answers - Income
What is the primary factor that determines the benefits paid under a disability income
policy? - Answers - wages
All of the following are functions of an insuring clause EXCEPT - Answers - Primarily
describes the free-look period
A master contract and certificate of coverage can be found in which type of policy? -
Answers - Group
Jonas is a whole life insurance policyowner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? - Answers
- Child term rider
The MAXIMUM time period that an eligible employee can be excluded from coverage
under a group health policy as a late enrollee is - Answers - 18 months
A Medicare Supplement policy must NOT contain benefits which - Answers - duplicate
Medicare benefits
In what form do disability income policies typically pay benefits? - Answers - Periodic
income
, How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy? - Answers - 6 months
All of the following are elements of an insurance policy EXCEPT - Answers - Claim
Forms
A Pre-existing Condition Provision applies to a covered person if the previous creditable
coverage was continuous to a date NOT more than how many days prior to the
enrollment date of the new coverage? - Answers - 63 days
Which type of rider will waive the premium on a child's life insurance policy if the parent
paying the premium dies? - Answers - Payor benefit
Which of these gaps in Medicare coverage is addressed with Medicare Supplemental
Insurance? - Answers - Medicare in-hospital deductible
States that have "no loss no gain" laws require a replacing policy to - Answers - pay for
ongoing claims under the policy it replaces
Which of the following is present when an applicant stands to lose value if the insured
dies? - Answers - Insurable interest
Which of the following is NOT an illegal inducement? - Answers - Giving the insured an
article of merchandise printed with the producer's name costing $5
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a terminated
employee's benefits must - Answers - be the same and the premium cannot exceed
102%
The Fair Credit and Reporting Act's main purpose is to - Answers - protect consumers
with guidelines regarding credit reporting and distribution
What is known as the immediate specific event causing loss and giving rise to risk? -
Answers - Peril
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March 14,
1980. When does her license renew? - Answers - March 31, 2014
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - Answers - Human life value approach
In South Carolina, which of the following statements is TRUE regarding a licensed
individual changing his or her legal name? - Answers - The producer must notify the
Department upon changing his or her legal name
The branch of dentistry which deals with the replacement of missing parts is called
Endodontics
Periodontics
Orthodontics
Prosthodontics - Answers - Prosthodontics
How many months can a life insurance policy normally be backdated from the date of
application?
3
6
9
12 - Answers - 6
HIPAA considers which of the following as "individually identifiable health information"?
- Answers - A person's health claim information
Which of the following is NOT taken into consideration when determining eligibility for
Medicare benefits? - Answers - Income
What is the primary factor that determines the benefits paid under a disability income
policy? - Answers - wages
All of the following are functions of an insuring clause EXCEPT - Answers - Primarily
describes the free-look period
A master contract and certificate of coverage can be found in which type of policy? -
Answers - Group
Jonas is a whole life insurance policyowner and would like to add coverage for his two
children. Which of the following products would allow him to accomplish this? - Answers
- Child term rider
The MAXIMUM time period that an eligible employee can be excluded from coverage
under a group health policy as a late enrollee is - Answers - 18 months
A Medicare Supplement policy must NOT contain benefits which - Answers - duplicate
Medicare benefits
In what form do disability income policies typically pay benefits? - Answers - Periodic
income
, How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy? - Answers - 6 months
All of the following are elements of an insurance policy EXCEPT - Answers - Claim
Forms
A Pre-existing Condition Provision applies to a covered person if the previous creditable
coverage was continuous to a date NOT more than how many days prior to the
enrollment date of the new coverage? - Answers - 63 days
Which type of rider will waive the premium on a child's life insurance policy if the parent
paying the premium dies? - Answers - Payor benefit
Which of these gaps in Medicare coverage is addressed with Medicare Supplemental
Insurance? - Answers - Medicare in-hospital deductible
States that have "no loss no gain" laws require a replacing policy to - Answers - pay for
ongoing claims under the policy it replaces
Which of the following is present when an applicant stands to lose value if the insured
dies? - Answers - Insurable interest
Which of the following is NOT an illegal inducement? - Answers - Giving the insured an
article of merchandise printed with the producer's name costing $5
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a terminated
employee's benefits must - Answers - be the same and the premium cannot exceed
102%
The Fair Credit and Reporting Act's main purpose is to - Answers - protect consumers
with guidelines regarding credit reporting and distribution
What is known as the immediate specific event causing loss and giving rise to risk? -
Answers - Peril
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March 14,
1980. When does her license renew? - Answers - March 31, 2014
Which approach predicts a person's earning potential and determines how much of that
amount would be devoted to dependents? - Answers - Human life value approach
In South Carolina, which of the following statements is TRUE regarding a licensed
individual changing his or her legal name? - Answers - The producer must notify the
Department upon changing his or her legal name
