UTAH HEALTH AND LIFE INSURANCE
EXAMINATION TEST 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Claim. Answer: A demand for payment under the insurance policy
◉ Absolute assignment. Answer: A transfer by the policy holder of all
control and rights to a third party
◉ Accident and Sickness. Answer: Insurance against bodily injury,
disability or death by accident, or against disability or expense resulting
from sickness, and the insurance relating thereto
◉ Accidental Means. Answer: The unexpected cause of an accidental
bodily injury. Under this definition, which is very restrictive, if you
meant to do whatever caused your injury, there is no coverage. Most
health insurance policies cover accidental bodily injury, which is much
broader, in that it covers accidents regardless of the cause
◉ Accumulation at interest option. Answer: A dividend or settlement
option under which the policyholder allows his dividends or policy
proceeds to accumulate interest with the company. Although the
dividends or proceeds are not generally
, ◉ Actuary. Answer: One concern with the application of probability and
statistical theory to insurance, utilizing the law of large numbers.
◉ ADB Accidental death benefit. Answer: Also known as double
indemnity. A rider added to a life policy that will pay double the face
amount if the insured dies as a result of the accident, generally within 90
days of the accident.
◉ AD&D accidental death and dismemberment insurance. Answer: A
limited form of health insurance that covers accident only. It is the only
type of health insurance that covers death. AD&D policies do not follow
the principle of indemnity, in that they pay in addition to any other
coverage the insured has.
◉ Adverse selection. Answer: Selection not in favor of the company.
The tendency of poorer risks to want insurance more often than standard
risks. For example, a person who is already sick would like to buy health
insurance.
◉ Adverse underwriting decisions, consumer rights. Answer: Under the
fair credit reporting act, when an adverse underwriting decision is made,
the insurer must provide the applicant or policyholder with specific
written reasons for the decision, or advise the individual that specific
reasons are available upon written request. Upon receipt of the written
request, the insurer must furnish specific regions for the adverse decision
EXAMINATION TEST 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Claim. Answer: A demand for payment under the insurance policy
◉ Absolute assignment. Answer: A transfer by the policy holder of all
control and rights to a third party
◉ Accident and Sickness. Answer: Insurance against bodily injury,
disability or death by accident, or against disability or expense resulting
from sickness, and the insurance relating thereto
◉ Accidental Means. Answer: The unexpected cause of an accidental
bodily injury. Under this definition, which is very restrictive, if you
meant to do whatever caused your injury, there is no coverage. Most
health insurance policies cover accidental bodily injury, which is much
broader, in that it covers accidents regardless of the cause
◉ Accumulation at interest option. Answer: A dividend or settlement
option under which the policyholder allows his dividends or policy
proceeds to accumulate interest with the company. Although the
dividends or proceeds are not generally
, ◉ Actuary. Answer: One concern with the application of probability and
statistical theory to insurance, utilizing the law of large numbers.
◉ ADB Accidental death benefit. Answer: Also known as double
indemnity. A rider added to a life policy that will pay double the face
amount if the insured dies as a result of the accident, generally within 90
days of the accident.
◉ AD&D accidental death and dismemberment insurance. Answer: A
limited form of health insurance that covers accident only. It is the only
type of health insurance that covers death. AD&D policies do not follow
the principle of indemnity, in that they pay in addition to any other
coverage the insured has.
◉ Adverse selection. Answer: Selection not in favor of the company.
The tendency of poorer risks to want insurance more often than standard
risks. For example, a person who is already sick would like to buy health
insurance.
◉ Adverse underwriting decisions, consumer rights. Answer: Under the
fair credit reporting act, when an adverse underwriting decision is made,
the insurer must provide the applicant or policyholder with specific
written reasons for the decision, or advise the individual that specific
reasons are available upon written request. Upon receipt of the written
request, the insurer must furnish specific regions for the adverse decision
