IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
1. K is the insured and P is the sole beneficiary
Proceeds will be
on a life insurance policy. both are involved in
payable to K's estate if
a fatal accident where K dies before P. Under
P dies within a
the Common Disaster provision, wich of
specified time
these statements is true?
- Proceeds will be paid to P's estate
- Proceeds will be divided equally between K's
and P's estate
- Proceeds will be payable to K's estate if P dies
within a specific time
- the courts will decide who will receive death
benifits
2. Wich of these statements is NOT true regarding health Coverage is
limited only to
coverage for a newborn? contengital defects
-Coverage includes congenital defects
-Coverage does not require a physical exam
-Coverage is limited to only contengital defects
-Coverage begins at moment of birth
3. Deductibeles are used to in health polocies to
-overuse of medical ser- vices
lower?
- The incidents of fruad
- the coinsurance amount
-overuse of medical services
-adverse selection
4. Insured losses are covered immediately after a health the losses
result from acci-
policy is reinstated when?
,IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
-the losses result from sickness dental Injuries
-the losses result from accidental
injuries
,IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
-hospitilization is required cover dia-
-claim forms are submitted with proof of loss betic
supplies as
5. ABC Insurance Company has accepted a life other
insur- ance application which contains medical
unanswered ques- tions. The company then conditions
makes the application part of the life contract.
In this situation, the insurer has?
- Waived one of its legal rights
- issued a voidable policy
- committed an act of fraud
- assigned the risk to a reinsurer
6. When a Medicare supplement policy is
delivered dis- closure standards require that
a coverage
be provided to the insured?
-Description
-Outline
-Proof
-Summary
7. Iowa insurance laws address diabetes
coverage. Un- der Iowa insurance laws,
Policies MUST?
-Waive any cost sharing for diabetic supplies
-Cover only self-management training for type
II dia- betes
-Cover all diabetic supplies and treatment
-apply the same deductible and copays to
, IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
- waived one of its legal rights
-apply the same de-
ductible and copays
to cover diabetic
supplies as other
Outline medical conditions
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
1. K is the insured and P is the sole beneficiary
Proceeds will be
on a life insurance policy. both are involved in
payable to K's estate if
a fatal accident where K dies before P. Under
P dies within a
the Common Disaster provision, wich of
specified time
these statements is true?
- Proceeds will be paid to P's estate
- Proceeds will be divided equally between K's
and P's estate
- Proceeds will be payable to K's estate if P dies
within a specific time
- the courts will decide who will receive death
benifits
2. Wich of these statements is NOT true regarding health Coverage is
limited only to
coverage for a newborn? contengital defects
-Coverage includes congenital defects
-Coverage does not require a physical exam
-Coverage is limited to only contengital defects
-Coverage begins at moment of birth
3. Deductibeles are used to in health polocies to
-overuse of medical ser- vices
lower?
- The incidents of fruad
- the coinsurance amount
-overuse of medical services
-adverse selection
4. Insured losses are covered immediately after a health the losses
result from acci-
policy is reinstated when?
,IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
-the losses result from sickness dental Injuries
-the losses result from accidental
injuries
,IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
-hospitilization is required cover dia-
-claim forms are submitted with proof of loss betic
supplies as
5. ABC Insurance Company has accepted a life other
insur- ance application which contains medical
unanswered ques- tions. The company then conditions
makes the application part of the life contract.
In this situation, the insurer has?
- Waived one of its legal rights
- issued a voidable policy
- committed an act of fraud
- assigned the risk to a reinsurer
6. When a Medicare supplement policy is
delivered dis- closure standards require that
a coverage
be provided to the insured?
-Description
-Outline
-Proof
-Summary
7. Iowa insurance laws address diabetes
coverage. Un- der Iowa insurance laws,
Policies MUST?
-Waive any cost sharing for diabetic supplies
-Cover only self-management training for type
II dia- betes
-Cover all diabetic supplies and treatment
-apply the same deductible and copays to
, IOWA EXCEL SOLUTIONS EXAM WITH ALL
CORRECT & VERIFIED ANSWERS (UPDATED TO PASS)
- waived one of its legal rights
-apply the same de-
ductible and copays
to cover diabetic
supplies as other
Outline medical conditions
