Exam simulator Georgia life and health insurance
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1. Statements made on an insurance application that representations
are believed to be true to the best of the applicant's
knowledge are called
2. T applied for a disability income policy and has a Impairment rider
history of back injuries.The insurer issued the policy
with a statement that excludes coverage for back
injuries. This statement is called a(n)
3. Accidental death coverage is provided to commer- Blanket Accident policy
cial airline passengers in which of the following
types of policies
4. Which of the following provisions guarantees that Payor clause
premiums will be waived if juvenile life policy owner
becomes disabled
5. Which of the following types of Term Life policies 10 year convertible term
most likely contains a renewability feature
6. What kind of life insurance product covers children Term rider
under their parent's policy?
7. B receives yearly dividends and interest from a Interest only
participating life insurance policy. Which of these
should B include as gross income for federal income
tax purposes?
8. Post-tax dollar contributions are found in Roth IRA investments
9. An example would of unfair claims practice would Failing to effectuate prompt
be fair and equitable settlements
of a claim
, Exam simulator Georgia life and health insurance
Study online at https://quizlet.com/_dwtwss
10. Which of the following types of health coverage fre- Major Medical policy
quently uses a deductible?
11. Which of the following types of permanent life in- Single Premium
surance policies offers the highest initial cash value
12. What does the owenrship clause in a life insurance Who the policy owner is and
policy state ? what rights the policy owner
is entitled to
13. Which provision allows the policyowner to change a conversion
term life policy to a permanent one without provid-
ing proof of good health?
14. In Georgia monthly premium accident and sickness 10 days
insurance policies must provide a grace period of at
least
15. Upon policy delivery, a signed good health state- The initial premium was NOT
ment is requested from the applicant. Why would submitted with the applica-
this be necessary? tion
16. What type of life insurance are credit policies issued term
as?
17. All of the following statements are true regarding a Past due premiums are
policy's Grace period Except waived
18. Which of the following statements are correct about Must have mental illness to
death benefits qualify
19. Someone who is appointed by an insurer to engage Agent
in insurance transactions is called an
, Exam simulator Georgia life and health insurance
Study online at https://quizlet.com/_dwtwss
20. Medicare Part A and Part B do NOT pay for dental work
21. The payments on Qs annuity are no less than $250 Flexible Installment Deferred
quarterly. Which of the following annuities does Q
own
22. When must insurable interest exist for a life insur- Inception of the contract
ance contract to be valid?
23. Which of the following is NOT included in an annuity AD&D rider
contract
24. The combination of whole life and ___ Term insur- decreasing
ance is referred to as a family income policy
25. Which of the following items are regulated by the Prepared sales presentations
rules governing advertisement of life insurance and used by insurance agents
annuities
26. The notice of claims provision requires a policyown- notify an insurer of a claim
er to within a specified time
27. Which accident and health policy provision address- Time Limit on Certain Defens-
es preexisting conditions es
28. Which statement is true regarding a minor benefi- Normally, a guardian is re-
ciary quired to be appointed in the
Beneficiary clause of the con-
tract
29. S, age 40, is looking to buy a Life Insurance policy Universal Life
that will allow for increases or decreases in coverage
as his needs change. The policy best suited for S
would be
Study online at https://quizlet.com/_dwtwss
1. Statements made on an insurance application that representations
are believed to be true to the best of the applicant's
knowledge are called
2. T applied for a disability income policy and has a Impairment rider
history of back injuries.The insurer issued the policy
with a statement that excludes coverage for back
injuries. This statement is called a(n)
3. Accidental death coverage is provided to commer- Blanket Accident policy
cial airline passengers in which of the following
types of policies
4. Which of the following provisions guarantees that Payor clause
premiums will be waived if juvenile life policy owner
becomes disabled
5. Which of the following types of Term Life policies 10 year convertible term
most likely contains a renewability feature
6. What kind of life insurance product covers children Term rider
under their parent's policy?
7. B receives yearly dividends and interest from a Interest only
participating life insurance policy. Which of these
should B include as gross income for federal income
tax purposes?
8. Post-tax dollar contributions are found in Roth IRA investments
9. An example would of unfair claims practice would Failing to effectuate prompt
be fair and equitable settlements
of a claim
, Exam simulator Georgia life and health insurance
Study online at https://quizlet.com/_dwtwss
10. Which of the following types of health coverage fre- Major Medical policy
quently uses a deductible?
11. Which of the following types of permanent life in- Single Premium
surance policies offers the highest initial cash value
12. What does the owenrship clause in a life insurance Who the policy owner is and
policy state ? what rights the policy owner
is entitled to
13. Which provision allows the policyowner to change a conversion
term life policy to a permanent one without provid-
ing proof of good health?
14. In Georgia monthly premium accident and sickness 10 days
insurance policies must provide a grace period of at
least
15. Upon policy delivery, a signed good health state- The initial premium was NOT
ment is requested from the applicant. Why would submitted with the applica-
this be necessary? tion
16. What type of life insurance are credit policies issued term
as?
17. All of the following statements are true regarding a Past due premiums are
policy's Grace period Except waived
18. Which of the following statements are correct about Must have mental illness to
death benefits qualify
19. Someone who is appointed by an insurer to engage Agent
in insurance transactions is called an
, Exam simulator Georgia life and health insurance
Study online at https://quizlet.com/_dwtwss
20. Medicare Part A and Part B do NOT pay for dental work
21. The payments on Qs annuity are no less than $250 Flexible Installment Deferred
quarterly. Which of the following annuities does Q
own
22. When must insurable interest exist for a life insur- Inception of the contract
ance contract to be valid?
23. Which of the following is NOT included in an annuity AD&D rider
contract
24. The combination of whole life and ___ Term insur- decreasing
ance is referred to as a family income policy
25. Which of the following items are regulated by the Prepared sales presentations
rules governing advertisement of life insurance and used by insurance agents
annuities
26. The notice of claims provision requires a policyown- notify an insurer of a claim
er to within a specified time
27. Which accident and health policy provision address- Time Limit on Certain Defens-
es preexisting conditions es
28. Which statement is true regarding a minor benefi- Normally, a guardian is re-
ciary quired to be appointed in the
Beneficiary clause of the con-
tract
29. S, age 40, is looking to buy a Life Insurance policy Universal Life
that will allow for increases or decreases in coverage
as his needs change. The policy best suited for S
would be
