Idaho Life and Health Final Exam questions and
answers with solutions 2025
What are the benefits that must be provided by an individual health insurance policy for
prenatal, maternity, and delivery expenses? - ANSWER Prenatal, maternity, and delivery
expenses are required to be covered under all health plans subject to the same deductible and
coinsurance as other medical and surgical expenses.
Which situation would qualify an individual for receiving benefits from a qualified long-term
care policy? - ANSWER Becoming cognitively impaired (mentally ill)
How many days is the grace period for payment of premiums in individual life insurance
policies? - ANSWER 30
According to the Idaho Insurance Code, which of the following MUSt a producer do when
replacing a Life Insurance policy? - ANSWER Submit to the replacing insurer a list of all Life
Insurance policies or annuity contracts proposed to be replaced.
A hospital or medical expenses policy will typically cover dental treatment expenses under
which circumstance? - ANSWER Dental treatment is needed to repair an injury.
An insured and the policy's beneficiary die from the same accident. The common disaster
provision states the insurer will continue as if - ANSWER The insured outlived the beneficiary.
A closed network plan offers a primary physical copay of $25. If a subscriber chooses a primary
care physician outside of the network, the subscriber will likely pay - ANSWER 100% of the
allowed amount.
,In what part of an insurance policy are policy benefits found? - ANSWER Declarations. The
Declaration page is like a quick guide to in insurance policy, providing all of the basic information
the policy holder needs to know.
Which of the following is NOT included in an entire contract provision? - ANSWER Changes
made by the producer.
A producer's fiduciary responsibility includes which of the following activities? - ANSWER Being
responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover? - ANSWER Prescription drugs.
Which of the following would be considered an underwriting duty of an agent? - ANSWER
Completing all applications and collecting initial premiums.
Which of the following is not considered advertising? - ANSWER A rating from a rating service
such as A.M Best.
All of these statements concerning whole life insurance are false EXCEPT - ANSWER When a
whole life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license revocation EXCEPT - ANSWER Producing an
inadequate amount of new premium.
Which of the following nursing home options would best suit an individual who needs some
nursing care and supervision but not full-time care? - ANSWER Assisted living facilities.
Which of these statements regarding the annuitant is CORRECT? - ANSWER The annuitant's life
expectancy determines the annuity payments.
, A temporary producer license can be issues in any of the following circumstances EXCEPT -
ANSWER A prospective producer who is enrolled in an insurance pre-license class.
All of the following statements requiring the reinstatement of a life insurance policy are correct
EXCEPT? - ANSWER A policy may be reinstated without proof of insurability.
Sole proprietors are permitted tax deductions for health costs paid from their earnings in the
amount of - ANSWER Costs that exceed 7 1/2 % of AGI.
Key Person Disability Insurance pays benefits to the - ANSWER employer; provides crucial
benefits to protect the company financially if a key employee becomes disabled;Employer is the
policy owner and pays premiums that are not tax deductible; Benefits are tax-free to employer.
What is the minimum number of hours required for an employee to be eligible for small group
coverage? - ANSWER 30
Which of the following is not part of an insurance contract?
Policy, Application, Riders, or Certificate of Authority - ANSWER Certificate of Authority.
Under long-term care insurance, which of the following MUST an insurer offer to each
policyowner at the time of purchase? - ANSWER An inflation protection feature.
An applicant's character and personal habits can be obtained for underwriting purposes from
which source? - ANSWER Investigative consumer report.
A disability policy owner is injured and becomes totally disabled. The benefits pay for 2 years,
starting from the date of the injury. What is this time period called? - ANSWER Benefit period.
answers with solutions 2025
What are the benefits that must be provided by an individual health insurance policy for
prenatal, maternity, and delivery expenses? - ANSWER Prenatal, maternity, and delivery
expenses are required to be covered under all health plans subject to the same deductible and
coinsurance as other medical and surgical expenses.
Which situation would qualify an individual for receiving benefits from a qualified long-term
care policy? - ANSWER Becoming cognitively impaired (mentally ill)
How many days is the grace period for payment of premiums in individual life insurance
policies? - ANSWER 30
According to the Idaho Insurance Code, which of the following MUSt a producer do when
replacing a Life Insurance policy? - ANSWER Submit to the replacing insurer a list of all Life
Insurance policies or annuity contracts proposed to be replaced.
A hospital or medical expenses policy will typically cover dental treatment expenses under
which circumstance? - ANSWER Dental treatment is needed to repair an injury.
An insured and the policy's beneficiary die from the same accident. The common disaster
provision states the insurer will continue as if - ANSWER The insured outlived the beneficiary.
A closed network plan offers a primary physical copay of $25. If a subscriber chooses a primary
care physician outside of the network, the subscriber will likely pay - ANSWER 100% of the
allowed amount.
,In what part of an insurance policy are policy benefits found? - ANSWER Declarations. The
Declaration page is like a quick guide to in insurance policy, providing all of the basic information
the policy holder needs to know.
Which of the following is NOT included in an entire contract provision? - ANSWER Changes
made by the producer.
A producer's fiduciary responsibility includes which of the following activities? - ANSWER Being
responsible for all funds collected from clients.
Which part of the following does Medicare Part D cover? - ANSWER Prescription drugs.
Which of the following would be considered an underwriting duty of an agent? - ANSWER
Completing all applications and collecting initial premiums.
Which of the following is not considered advertising? - ANSWER A rating from a rating service
such as A.M Best.
All of these statements concerning whole life insurance are false EXCEPT - ANSWER When a
whole life policy is surrendered, income taxes may be owed.
All of the following occurrences may result in license revocation EXCEPT - ANSWER Producing an
inadequate amount of new premium.
Which of the following nursing home options would best suit an individual who needs some
nursing care and supervision but not full-time care? - ANSWER Assisted living facilities.
Which of these statements regarding the annuitant is CORRECT? - ANSWER The annuitant's life
expectancy determines the annuity payments.
, A temporary producer license can be issues in any of the following circumstances EXCEPT -
ANSWER A prospective producer who is enrolled in an insurance pre-license class.
All of the following statements requiring the reinstatement of a life insurance policy are correct
EXCEPT? - ANSWER A policy may be reinstated without proof of insurability.
Sole proprietors are permitted tax deductions for health costs paid from their earnings in the
amount of - ANSWER Costs that exceed 7 1/2 % of AGI.
Key Person Disability Insurance pays benefits to the - ANSWER employer; provides crucial
benefits to protect the company financially if a key employee becomes disabled;Employer is the
policy owner and pays premiums that are not tax deductible; Benefits are tax-free to employer.
What is the minimum number of hours required for an employee to be eligible for small group
coverage? - ANSWER 30
Which of the following is not part of an insurance contract?
Policy, Application, Riders, or Certificate of Authority - ANSWER Certificate of Authority.
Under long-term care insurance, which of the following MUST an insurer offer to each
policyowner at the time of purchase? - ANSWER An inflation protection feature.
An applicant's character and personal habits can be obtained for underwriting purposes from
which source? - ANSWER Investigative consumer report.
A disability policy owner is injured and becomes totally disabled. The benefits pay for 2 years,
starting from the date of the injury. What is this time period called? - ANSWER Benefit period.
