CT LIFE AND HEALTH INSURANCE EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
Which of the following is NOT a valid reason for an insurer to contest a life
insurance policy during the policy's first two years of existance? - ANSWERS-
Misstatement of age
(Fraud, material representation, material concealment)
Which of the following actions may result in a producer's license being
suspended by the Commissioner? - ANSWERS-Rebating part of a commission to
the applicant
In CT, false advertising is an example of - ANSWERS-Misrepresentation
,Which type of life insurance policy allows a policyowner the choice of
investments along with flexible premium payments? - ANSWERS-Variable
universal life
How do benefit payments fluctuate over time in a variable life annuity? -
ANSWERS-Reflects changes in the market value of assets in a separate account
Someone who is licensed to negotiate a life settlement contract is called a(n) -
ANSWERS-Life settlement broker
Which of the following is true regarding a person receiving a waiver of premium
benefit? - ANSWERS-The insured must be disabled for a period of time
(The insured must expect a total recovery within 2 years, the insured will not
qualify for short-term disability, the insured will not qualify for workers
compensation)
Which of these is NOT a factor that influences group health insurance
underwriting? - ANSWERS-Physical exams of group members
(Number of individuals in the group, group's claims experience, type of
occupation group is involved in)
Non-occupational disability coverage is designed for - ANSWERS-Employees who
suffer non-work related disabilities are covered by Workers' Compensation
,What happens when a policyowner borrows against the cash value of his life
insurance policy? - ANSWERS-The policy proceeds would be reduced by the
outstanding loan balance
What effect does interest income have upon insurance premiums? - ANSWERS-
Decreases premium
(Monitor insurer solvency, make rules and regulations that are consistent with
the laws of CT, monitor insurer premium rates)
How are the premiums for an individually-owned disability income policy
treated for tax purposes? - ANSWERS-Not tax-deductible at all
Scott has a life insurance policy in which the dividends are left with the
insurance company. This particular policy may be paid up when the cash value
plus accumulated dividends - ANSWERS-Equal the net single premium for the
same face amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies
sold in Connecticut? - ANSWERS-Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage
for 12 consecutive months)
, Accident and health insurance claim handling is made more convenient to the
insured by utilizing - ANSWERS-Assignment of benefits
Specialty care is provided by which of the following health maintenance
organization (HMO) providers? - ANSWERS-Neurologist
Which of the following facilitates nonresident licensing in the state of
Connecticut? - ANSWERS-Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut,
an insurance company must secure a certificate of authority from - ANSWERS-
The Connecticut Insurance Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n)
- ANSWERS-Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally - ANSWERS-
Covered with term life insurance
Which statement regarding whole life insurance is accurate? - ANSWERS-
Insurance coverage can continue for life
All of these are considered to be a violation of the Federal Fraud and False
Statements Act EXCEPT - ANSWERS-Claims reimbursement
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
Which of the following is NOT a valid reason for an insurer to contest a life
insurance policy during the policy's first two years of existance? - ANSWERS-
Misstatement of age
(Fraud, material representation, material concealment)
Which of the following actions may result in a producer's license being
suspended by the Commissioner? - ANSWERS-Rebating part of a commission to
the applicant
In CT, false advertising is an example of - ANSWERS-Misrepresentation
,Which type of life insurance policy allows a policyowner the choice of
investments along with flexible premium payments? - ANSWERS-Variable
universal life
How do benefit payments fluctuate over time in a variable life annuity? -
ANSWERS-Reflects changes in the market value of assets in a separate account
Someone who is licensed to negotiate a life settlement contract is called a(n) -
ANSWERS-Life settlement broker
Which of the following is true regarding a person receiving a waiver of premium
benefit? - ANSWERS-The insured must be disabled for a period of time
(The insured must expect a total recovery within 2 years, the insured will not
qualify for short-term disability, the insured will not qualify for workers
compensation)
Which of these is NOT a factor that influences group health insurance
underwriting? - ANSWERS-Physical exams of group members
(Number of individuals in the group, group's claims experience, type of
occupation group is involved in)
Non-occupational disability coverage is designed for - ANSWERS-Employees who
suffer non-work related disabilities are covered by Workers' Compensation
,What happens when a policyowner borrows against the cash value of his life
insurance policy? - ANSWERS-The policy proceeds would be reduced by the
outstanding loan balance
What effect does interest income have upon insurance premiums? - ANSWERS-
Decreases premium
(Monitor insurer solvency, make rules and regulations that are consistent with
the laws of CT, monitor insurer premium rates)
How are the premiums for an individually-owned disability income policy
treated for tax purposes? - ANSWERS-Not tax-deductible at all
Scott has a life insurance policy in which the dividends are left with the
insurance company. This particular policy may be paid up when the cash value
plus accumulated dividends - ANSWERS-Equal the net single premium for the
same face amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies
sold in Connecticut? - ANSWERS-Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage
for 12 consecutive months)
, Accident and health insurance claim handling is made more convenient to the
insured by utilizing - ANSWERS-Assignment of benefits
Specialty care is provided by which of the following health maintenance
organization (HMO) providers? - ANSWERS-Neurologist
Which of the following facilitates nonresident licensing in the state of
Connecticut? - ANSWERS-Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut,
an insurance company must secure a certificate of authority from - ANSWERS-
The Connecticut Insurance Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n)
- ANSWERS-Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally - ANSWERS-
Covered with term life insurance
Which statement regarding whole life insurance is accurate? - ANSWERS-
Insurance coverage can continue for life
All of these are considered to be a violation of the Federal Fraud and False
Statements Act EXCEPT - ANSWERS-Claims reimbursement
