Verified Answers | 2026 | 2027
Quiz_________________?
ANSWER✅
What happens when a policyowner borrows against the cash value of his life
insurance policy
Quiz_________________?
$25,000 -
ANSWER✅
An insured has a $25,000 whole life insurance policy with $6,000 cash value
available. Under the extended term nonforfeiture option, what is the amount
of insurance available to the insured?
Quiz_________________?
$300 -
ANSWER✅
1
, An insured files for an accident and health insurance policy claim eight days
after the premium due date. The benefit payable is $500 and the overdue
premium is $200.
Assuming that the policy pays on a first-dollar basis and contains the unpaid
premium provision, how much will the insurer pay?
Quiz_________________?
100 -
ANSWER✅
Starting in 2016, businesses with up to ___ employees will be defined by the
ACA as a "small business".
Quiz_________________?
2 years -
ANSWER✅
An annuity becomes incontestable after it has been in force for
Quiz_________________?
30 -
ANSWER✅
How many days notice does the Affordable Care Act require insurers to give
before rescinding coverage?
Quiz_________________?
2
, 30 days -
ANSWER✅
A licensee whose name or address changes must notify the department of
insurance within
Quiz_________________?
31 days -
ANSWER✅
A terminated employee has how many days upon termination to convert
group life insurance coverage to an individual policy?
Quiz_________________?
31 days -
ANSWER✅
When family coverage is in place, newborn children are automatically
covered under a medical plan for a period of at least
Quiz_________________?
6 month -
ANSWER✅
An insurance company may delay the payment of the cash value of a
surrendered whole life insurance policy for up to
Quiz_________________?
6 months -
3
, ANSWER✅
How long do most states allow an insurance company to delay the payment
of a cash surrender under the Delayed Payment provision?
Quiz_________________?
60 days -
ANSWER✅
Larry wants to purchase an individual disability income policy to ensure that
he will not experience a lapse in income should he become disabled. He has
a two-month wage continuation benefit from his employer. What should the
policy elimination period be for his individual policy?
Quiz_________________?
65 -
ANSWER✅
At what age do most people become eligible for Medicare,
Quiz_________________?
8am and 9pm -
ANSWER✅
Under the telemarketing sales rule, telemarketing calls may ONLY be
received between the hours of
Quiz_________________?
9:00 PM -
4
Quiz_________________?
ANSWER✅
What happens when a policyowner borrows against the cash value of his life
insurance policy
Quiz_________________?
$25,000 -
ANSWER✅
An insured has a $25,000 whole life insurance policy with $6,000 cash value
available. Under the extended term nonforfeiture option, what is the amount
of insurance available to the insured?
Quiz_________________?
$300 -
ANSWER✅
1
, An insured files for an accident and health insurance policy claim eight days
after the premium due date. The benefit payable is $500 and the overdue
premium is $200.
Assuming that the policy pays on a first-dollar basis and contains the unpaid
premium provision, how much will the insurer pay?
Quiz_________________?
100 -
ANSWER✅
Starting in 2016, businesses with up to ___ employees will be defined by the
ACA as a "small business".
Quiz_________________?
2 years -
ANSWER✅
An annuity becomes incontestable after it has been in force for
Quiz_________________?
30 -
ANSWER✅
How many days notice does the Affordable Care Act require insurers to give
before rescinding coverage?
Quiz_________________?
2
, 30 days -
ANSWER✅
A licensee whose name or address changes must notify the department of
insurance within
Quiz_________________?
31 days -
ANSWER✅
A terminated employee has how many days upon termination to convert
group life insurance coverage to an individual policy?
Quiz_________________?
31 days -
ANSWER✅
When family coverage is in place, newborn children are automatically
covered under a medical plan for a period of at least
Quiz_________________?
6 month -
ANSWER✅
An insurance company may delay the payment of the cash value of a
surrendered whole life insurance policy for up to
Quiz_________________?
6 months -
3
, ANSWER✅
How long do most states allow an insurance company to delay the payment
of a cash surrender under the Delayed Payment provision?
Quiz_________________?
60 days -
ANSWER✅
Larry wants to purchase an individual disability income policy to ensure that
he will not experience a lapse in income should he become disabled. He has
a two-month wage continuation benefit from his employer. What should the
policy elimination period be for his individual policy?
Quiz_________________?
65 -
ANSWER✅
At what age do most people become eligible for Medicare,
Quiz_________________?
8am and 9pm -
ANSWER✅
Under the telemarketing sales rule, telemarketing calls may ONLY be
received between the hours of
Quiz_________________?
9:00 PM -
4
