CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
1. Laura added a children's rider to Level term
her life insurance policy. What
type of coverage was added?
2. With life insurance, the needs
approach is used primarily in How much life insurance a client should apply for
de- termining
3. A(n) is a licensee
who charges a fee for
contracted in- surance Consultant
advisory services.
4. Jonas is covered with
disability insurance through
his employer. The employer Taxes must be paid on 75% of the benefits
pays 75% of the premium, received
while Jonas pays the other
25%. What is Jonas' tax li-
ability for any benefits paid
from the disability plan?
5. The Commissioner is empow-
ered to perform each of the
fol- lowing acts EXCEPT
Makes rules that are consistent with those of
neighboring states
6. How are the premiums for an
individually-owned disability in- (Monitor insurer solvency, make rules and
come policy treated for tax
regulations that are consistent with the laws of CT,
pur- poses?
monitor insurer premi- um rates)
Not tax-deductible at all
1/
41
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
7. Scott has a life insurance pol- Equal the net single premium for the same face
icy in which the dividends are
left with the insurance amount at the insured's attained age
compa- ny. This particular
policy may be paid up when
the cash value plus
accumulated dividends
8. Which of these is NOT a standard Prior hospitalization
provision in qualified long-term
care policies sold in Connecticut? (30-day free look period, guaranteed
renewability, provide
minimum coverage for 12 consecutive months)
9. Accident and health
insurance claim handling is Assignment of benefits
made more convenient to the
insured by uti- lizing
10. Specialty care is
provided by which of
the following Neurologist
health maintenance organiza-
tion (HMO) providers?
11. Which of the following
facili- tates nonresident
licensing in the state of Reciprocity agreement
Connecticut?
12. To secure authority for
solicit- ing insurance
products in the State of The Connecticut Insurance Commissioner
Connecticut, an insur- ance
company must secure a
certificate of authority from
2/
41
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
13. A group health certificate for Summary of policy features and benefits
coverage issued in
Connecticut MUST contain
a(n)
14. Any employee insured under Covered with term life insurance
a group life insurance plan is
nor- mally
15. Which statement regarding
whole life insurance is Insurance coverage can continue for life
accurate?
16. All of these are considered to
be a violation of the Federal Claims reimbursement
Fraud
and False Statements Act EXCEPT (Overvaluing land, abstracting funds, false
entries on re- ports)
17. A comprehensive major med-
ical health insurance policy Experimental and investigative services
con- tains an Eligible Expenses
provi- sion which identifies the (Hospital charges, physician fees, nursing services)
types of health care services
that are cov- ered. All of the
following health care services
are typically cov- ered
EXCEPT for
18. An employee welfare plan
ex- empt from ERISA
regulations would be Church plans
19. Medicare Part B excess
charges are covered by
Medicare Supplemental insurance
20.
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
A major medical expense policy surgeon fees on a first-dollar basis
typically does NOT
(Contain a deductible, have a high limit of coverage, con-
tain a coinsurance provision)
21. Mary has a Health Savings
Ac- count (HSA). Distributions
that she has made for 20%
anything other than qualified
medical expenses are
considered taxable and sub-
ject to a penalty of
22. Under an adjustable life
insur- ance policy, which of
the follow- ing may NOT be
changed with- out further person insured
underwriting?
(The period of coverage, the payment period, the plan of
coverage)
23. When a producer acts within the The insurer
scope of his/her contractual
au- thority, which of the
following is legally responsible
for these ac- tions?
24. An accident and health
insurer has just received Bringing legal action against the insurer
written proof of loss from one
of its insureds. The insured
must now wait 60 days before
25. During the sale of a life insur-
ance policy, a producer may
pro- vide an incomplete Never
illustration
Verified Solutions | Updated
1. Laura added a children's rider to Level term
her life insurance policy. What
type of coverage was added?
2. With life insurance, the needs
approach is used primarily in How much life insurance a client should apply for
de- termining
3. A(n) is a licensee
who charges a fee for
contracted in- surance Consultant
advisory services.
4. Jonas is covered with
disability insurance through
his employer. The employer Taxes must be paid on 75% of the benefits
pays 75% of the premium, received
while Jonas pays the other
25%. What is Jonas' tax li-
ability for any benefits paid
from the disability plan?
5. The Commissioner is empow-
ered to perform each of the
fol- lowing acts EXCEPT
Makes rules that are consistent with those of
neighboring states
6. How are the premiums for an
individually-owned disability in- (Monitor insurer solvency, make rules and
come policy treated for tax
regulations that are consistent with the laws of CT,
pur- poses?
monitor insurer premi- um rates)
Not tax-deductible at all
1/
41
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
7. Scott has a life insurance pol- Equal the net single premium for the same face
icy in which the dividends are
left with the insurance amount at the insured's attained age
compa- ny. This particular
policy may be paid up when
the cash value plus
accumulated dividends
8. Which of these is NOT a standard Prior hospitalization
provision in qualified long-term
care policies sold in Connecticut? (30-day free look period, guaranteed
renewability, provide
minimum coverage for 12 consecutive months)
9. Accident and health
insurance claim handling is Assignment of benefits
made more convenient to the
insured by uti- lizing
10. Specialty care is
provided by which of
the following Neurologist
health maintenance organiza-
tion (HMO) providers?
11. Which of the following
facili- tates nonresident
licensing in the state of Reciprocity agreement
Connecticut?
12. To secure authority for
solicit- ing insurance
products in the State of The Connecticut Insurance Commissioner
Connecticut, an insur- ance
company must secure a
certificate of authority from
2/
41
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
13. A group health certificate for Summary of policy features and benefits
coverage issued in
Connecticut MUST contain
a(n)
14. Any employee insured under Covered with term life insurance
a group life insurance plan is
nor- mally
15. Which statement regarding
whole life insurance is Insurance coverage can continue for life
accurate?
16. All of these are considered to
be a violation of the Federal Claims reimbursement
Fraud
and False Statements Act EXCEPT (Overvaluing land, abstracting funds, false
entries on re- ports)
17. A comprehensive major med-
ical health insurance policy Experimental and investigative services
con- tains an Eligible Expenses
provi- sion which identifies the (Hospital charges, physician fees, nursing services)
types of health care services
that are cov- ered. All of the
following health care services
are typically cov- ered
EXCEPT for
18. An employee welfare plan
ex- empt from ERISA
regulations would be Church plans
19. Medicare Part B excess
charges are covered by
Medicare Supplemental insurance
20.
, CT Life & Health Insurance Exam Questions And Answers With
Verified Solutions | Updated
A major medical expense policy surgeon fees on a first-dollar basis
typically does NOT
(Contain a deductible, have a high limit of coverage, con-
tain a coinsurance provision)
21. Mary has a Health Savings
Ac- count (HSA). Distributions
that she has made for 20%
anything other than qualified
medical expenses are
considered taxable and sub-
ject to a penalty of
22. Under an adjustable life
insur- ance policy, which of
the follow- ing may NOT be
changed with- out further person insured
underwriting?
(The period of coverage, the payment period, the plan of
coverage)
23. When a producer acts within the The insurer
scope of his/her contractual
au- thority, which of the
following is legally responsible
for these ac- tions?
24. An accident and health
insurer has just received Bringing legal action against the insurer
written proof of loss from one
of its insureds. The insured
must now wait 60 days before
25. During the sale of a life insur-
ance policy, a producer may
pro- vide an incomplete Never
illustration
