CT LIFE AND HEALTH
INSURANCE EXAM LATEST
UPDATE QUESTIONS AND
100% VERIFIED CORRECT
ANSWERS GUARANTEED A+
Jonas is covered with disability insurance through his employer. The employer pays 75% of the
premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from
the disability plan? - answer- Taxes must be paid on 75% of the benefits received
The Commissioner is empowered to perform each of the following acts EXCEPT - answer-
Makes rules that are consistent with those of neighboring states
(Monitor insurer solvency, make rules and regulations that are consistent with the laws of CT,
monitor insurer premium rates)
Laura added a children's rider to her life insurance policy. What type of coverage was added? -
answer- Level term
,With life insurance, the needs approach is used primarily in determining - answer- How
much life insurance a client should apply for
A(n) __________ is a licensee who charges a fee for contracted insurance advisory services. -
answer- Consultant
How are the premiums for an individually-owned disability income policy treated for tax
purposes? - answer- Not tax-deductible at all
Which of the following facilitates nonresident licensing in the state of Connecticut? - answer-
Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut, an insurance
company must secure a certificate of authority from - answer- The Connecticut Insurance
Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n) - answer-
Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally - answer- Covered
with term life insurance
Which statement regarding whole life insurance is accurate? - answer- Insurance coverage
can continue for life
All of these are considered to be a violation of the Federal Fraud and False Statements Act
EXCEPT - answer- Claims reimbursement
, (Overvaluing land, abstracting funds, false entries on reports)
A comprehensive major medical health insurance policy contains an Eligible Expenses provision
which identifies the types of health care services that are covered. All of the following health
care services are typically covered EXCEPT for - answer- Experimental and investigative
services
(Hospital charges, physician fees, nursing services)
An employee welfare plan exempt from ERISA regulations would be - answer- Church
plans
Medicare Part B excess charges are covered by - answer- Medicare Supplemental
insurance
Scott has a life insurance policy in which the dividends are left with the insurance company. This
particular policy may be paid up when the cash value plus accumulated dividends - answer-
Equal the net single premium for the same face amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies sold in
Connecticut? - answer- Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage for 12
consecutive months)
Accident and health insurance claim handling is made more convenient to the insured by
utilizing - answer- Assignment of benefits
INSURANCE EXAM LATEST
UPDATE QUESTIONS AND
100% VERIFIED CORRECT
ANSWERS GUARANTEED A+
Jonas is covered with disability insurance through his employer. The employer pays 75% of the
premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from
the disability plan? - answer- Taxes must be paid on 75% of the benefits received
The Commissioner is empowered to perform each of the following acts EXCEPT - answer-
Makes rules that are consistent with those of neighboring states
(Monitor insurer solvency, make rules and regulations that are consistent with the laws of CT,
monitor insurer premium rates)
Laura added a children's rider to her life insurance policy. What type of coverage was added? -
answer- Level term
,With life insurance, the needs approach is used primarily in determining - answer- How
much life insurance a client should apply for
A(n) __________ is a licensee who charges a fee for contracted insurance advisory services. -
answer- Consultant
How are the premiums for an individually-owned disability income policy treated for tax
purposes? - answer- Not tax-deductible at all
Which of the following facilitates nonresident licensing in the state of Connecticut? - answer-
Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut, an insurance
company must secure a certificate of authority from - answer- The Connecticut Insurance
Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n) - answer-
Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally - answer- Covered
with term life insurance
Which statement regarding whole life insurance is accurate? - answer- Insurance coverage
can continue for life
All of these are considered to be a violation of the Federal Fraud and False Statements Act
EXCEPT - answer- Claims reimbursement
, (Overvaluing land, abstracting funds, false entries on reports)
A comprehensive major medical health insurance policy contains an Eligible Expenses provision
which identifies the types of health care services that are covered. All of the following health
care services are typically covered EXCEPT for - answer- Experimental and investigative
services
(Hospital charges, physician fees, nursing services)
An employee welfare plan exempt from ERISA regulations would be - answer- Church
plans
Medicare Part B excess charges are covered by - answer- Medicare Supplemental
insurance
Scott has a life insurance policy in which the dividends are left with the insurance company. This
particular policy may be paid up when the cash value plus accumulated dividends - answer-
Equal the net single premium for the same face amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies sold in
Connecticut? - answer- Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage for 12
consecutive months)
Accident and health insurance claim handling is made more convenient to the insured by
utilizing - answer- Assignment of benefits
