Life and Health Certification Exam
Which of the following types of insurance riders is not based on term life insurance? -
Waiver of premium
At what point after the effective date of an accident and health insurance policy does it
become incontestable? -
2 years
All of the following groups may contract with PPOs exctpt -
Government programs
under a long-term care insurance policy, the level of care that is mainly necessary for the
purpose of meeting daily living requirements is called: -
Custodial care
social security defines disability as the inability to engage -
the duties of any occupation
a life insurance buyer's guide can be used for all of the following uses except -
comparison of the cost of similar policies
all of the following are considered service providers except -
a commercial insurance company
an agent attends a continuing education course offering 12 hours of credit before the course is
approved by the commissioner. in this case, the agent will receive -
no credit for the course, because courses must be approved before study begins
PPO -
preferred provider organization (
HMO -
health maintenance organization (cheaper - less options)
All of the following are duties of the commissioner EXCEPT -
writing the Washington insurance laws
Who investigates claims on behalf of the insurer or the insured? -
An Adjuster
Which of the following sales of insurance is subject to replacement regulations? -
Sale of new individual life insurance policy that causes an existing life insurance
policy to be surrendered.
a lapsed life insurance policy may be reinstated -
Within 30 days after the grace period expires
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, policies classified as non-occupational normally provide coverage for -
losses due to sickness or accidents that are not work-related.
a guaranteed insurability rider normally provides that between ages 25 and 40, additional life
insurance may be purchased without proof of insurability -
whenever the policyowner wishes
when a health maintenance organization chooses a limited number of health care providers to
provide services to its subscribers, this is known as -
A Gatekeeper system
Which of the following correctly describes Medicaid? -
It provides medical benefits for certain low-income people
all of the following are required provisions in health care insurance policies EXCEPT -
Change of occupation
An insurer that is incorporated and operates in the same state with which it is organized is
called -
Domestic
Money taken out of a modified endowment contract (MEC). -
Subject to unfavorable tax rules
Exclusive or Captive Agents represent -
the insurance company
When an insured has a major medical plan with first dollar coverage, this means -
no deductible applies
Restoration of a lapsed policy as it was originally purchased is known as -
Reinstatement
All of the following would likely be eligible for group health insurance EXCEPT -
all the uninsured residents of a nursing home
in noncontributory group health plans, how many eligible employees must be covered by the
plan? -
100%
Sherwood has no valid will but has named his estate as the beneficiary of his life insurance
policy. As a result, he can expect that the policy proceeds -
will be distributed after debt is paid off
When a convertible term life policy is converted to a permanent policy, the insured -
Life only annuity
Which part of medicare requires premium payment by most eligible participants? -
part b, supplementary medical insurance
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Which of the following types of insurance riders is not based on term life insurance? -
Waiver of premium
At what point after the effective date of an accident and health insurance policy does it
become incontestable? -
2 years
All of the following groups may contract with PPOs exctpt -
Government programs
under a long-term care insurance policy, the level of care that is mainly necessary for the
purpose of meeting daily living requirements is called: -
Custodial care
social security defines disability as the inability to engage -
the duties of any occupation
a life insurance buyer's guide can be used for all of the following uses except -
comparison of the cost of similar policies
all of the following are considered service providers except -
a commercial insurance company
an agent attends a continuing education course offering 12 hours of credit before the course is
approved by the commissioner. in this case, the agent will receive -
no credit for the course, because courses must be approved before study begins
PPO -
preferred provider organization (
HMO -
health maintenance organization (cheaper - less options)
All of the following are duties of the commissioner EXCEPT -
writing the Washington insurance laws
Who investigates claims on behalf of the insurer or the insured? -
An Adjuster
Which of the following sales of insurance is subject to replacement regulations? -
Sale of new individual life insurance policy that causes an existing life insurance
policy to be surrendered.
a lapsed life insurance policy may be reinstated -
Within 30 days after the grace period expires
1|Page
, policies classified as non-occupational normally provide coverage for -
losses due to sickness or accidents that are not work-related.
a guaranteed insurability rider normally provides that between ages 25 and 40, additional life
insurance may be purchased without proof of insurability -
whenever the policyowner wishes
when a health maintenance organization chooses a limited number of health care providers to
provide services to its subscribers, this is known as -
A Gatekeeper system
Which of the following correctly describes Medicaid? -
It provides medical benefits for certain low-income people
all of the following are required provisions in health care insurance policies EXCEPT -
Change of occupation
An insurer that is incorporated and operates in the same state with which it is organized is
called -
Domestic
Money taken out of a modified endowment contract (MEC). -
Subject to unfavorable tax rules
Exclusive or Captive Agents represent -
the insurance company
When an insured has a major medical plan with first dollar coverage, this means -
no deductible applies
Restoration of a lapsed policy as it was originally purchased is known as -
Reinstatement
All of the following would likely be eligible for group health insurance EXCEPT -
all the uninsured residents of a nursing home
in noncontributory group health plans, how many eligible employees must be covered by the
plan? -
100%
Sherwood has no valid will but has named his estate as the beneficiary of his life insurance
policy. As a result, he can expect that the policy proceeds -
will be distributed after debt is paid off
When a convertible term life policy is converted to a permanent policy, the insured -
Life only annuity
Which part of medicare requires premium payment by most eligible participants? -
part b, supplementary medical insurance
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