INSURANCE LICENSE EXAM QUESTIONS AND
ANSWERS ALREADY GRADED A+ 2024/2025
All of these are considered to be a benefit under Social Security,
EXCEPT for:
A. survivorship
B. unemployment
C. disability
D. Retirement
Which of these is NOT a duty of the Commissioner?
A. Enforce current insurance laws
B. Create new insurance laws
C. Issue licenses
D. Approve policy forms
During the course of a Medicare supplement sale, T the producer
determines there is an existing policy being replaced. Which of
these actions is T NOT required to perform?
a) Notify the replaced insurance company
b) Give the insured a written replacement notice
, c) Submit a written replacement notice to the replacing insurance
company
d) Give a list of all health policies the agent sold to applicant in
the past
delivery receipt - RIGHT ANSWER -signed document that starts a
free look period
15 days - RIGHT ANSWER -Once the insurance company receives a
notice of claim, they have ____-____ to send the claim form.
domestic - RIGHT ANSWER -An insurance company that conducts
business in Iowa and was incorporated in Iowa is called a(n) ______
insurer.
allowable amounts under Medicare Part B - RIGHT ANSWER -What
does a Medicare Supplement Policy cover?
One who is incapable of self-sustaining employment due to a
physical handicap - RIGHT ANSWER -Which dependent of an
insured is eligible for coverage under a health insurance policy
issued by the Iowa Comprehensive Health Insurance Association?
8% - RIGHT ANSWER -A life policy loan in Iowa cannot charge a
fixed rate of interest higher than
ANSWERS ALREADY GRADED A+ 2024/2025
All of these are considered to be a benefit under Social Security,
EXCEPT for:
A. survivorship
B. unemployment
C. disability
D. Retirement
Which of these is NOT a duty of the Commissioner?
A. Enforce current insurance laws
B. Create new insurance laws
C. Issue licenses
D. Approve policy forms
During the course of a Medicare supplement sale, T the producer
determines there is an existing policy being replaced. Which of
these actions is T NOT required to perform?
a) Notify the replaced insurance company
b) Give the insured a written replacement notice
, c) Submit a written replacement notice to the replacing insurance
company
d) Give a list of all health policies the agent sold to applicant in
the past
delivery receipt - RIGHT ANSWER -signed document that starts a
free look period
15 days - RIGHT ANSWER -Once the insurance company receives a
notice of claim, they have ____-____ to send the claim form.
domestic - RIGHT ANSWER -An insurance company that conducts
business in Iowa and was incorporated in Iowa is called a(n) ______
insurer.
allowable amounts under Medicare Part B - RIGHT ANSWER -What
does a Medicare Supplement Policy cover?
One who is incapable of self-sustaining employment due to a
physical handicap - RIGHT ANSWER -Which dependent of an
insured is eligible for coverage under a health insurance policy
issued by the Iowa Comprehensive Health Insurance Association?
8% - RIGHT ANSWER -A life policy loan in Iowa cannot charge a
fixed rate of interest higher than
