215 Test Questions And Correct Answers| Latest
Update| Guaranteed Pass
Which of the following would probably NOT be considered in underwriting a
health insurance risk?
Hobbies
Consumer reports
Age
Marital status
Marital status
Jerry has just purchased a life insurance policy and is taking time to review the
policy's provisions. He will find that his policy excludes death by all of the
following means EXCEPT
suicide
accident
aviation
war
accident
Which of the following statements about assignment is NOT correct?
The policy owner must notify the insurer in writing of the assignment.
,The insured must approve an assignment.
The insurance company will not require the signature of the beneficiary for the
assignment.
The policy owner may temporarily assign ownership to a lender.
The insured must approve an assignment.
Which of the following would NOT be able to contribute to a Traditional IRA?
Sally, age 26, who already contributed $1,000 this year into her Roth IRA.
Dave, age 40, a dentist who has an annuity.
Darlene, age 72, a flight attendant with a Roth IRA.
Boris, age 60, a carpenter who made $250,000 last year.
Darlene, age 72, a flight attendant with a Roth IRA.
Which of the following types of agent authority is specifically set forth in writing in
the agent's contract?
Express
implied
Apparent
Personal
express
What does the consideration clause identify?
,Benefit amounts
Interest rates
Premium schedule
Risk classification
Premium schedule
In which of the following situations would the premium payor of a life insurance
policy be able to deduct the premium payments for tax purposes?
A) Joe, the sole proprietor of a grocery store, purchases and pays premiums on a
$75,000 term life policy on his life and names his wife as beneficiary.
B) Leland, a local board member of the United Way, assigns his $25,000 whole life
policy to that organization, but continues to make the premium payments.
C) Michelle, the legal guardian of five-year-old Angela, makes the premium
payments on Angela's $5,000 juvenile life insurance policy.
D) Bob takes over the premium payments on his son's $30,000 whole life policy
after his son declares bankruptcy.
Leland, a local board member of the United Way, assigns his $25,000 whole life
policy to that organization, but continues to make the premium payments.
What is the basic source of information for life insurance underwriting and policy
issue?
Consumer reports
Medical Information Bureau
, Application
Physician reports
Application
Florida law requires that all of the following be coverages be offered in health
insurance policies EXCEPT
Coverage for diabetes equipment and self-management training
Coverage for women who have had a breast biopsy that reveals breast cancer
Osteoporosis coverage
Newborn child of a covered family member for 18 months
Coverage for women who have had a breast biopsy that reveals breast cancer
Which of the following best describes a vested employee?
An employee who has contributed the maximum allowable contribution from
his/her earnings for the year.
An employee entering the employer-sponsored retirement plan immediately
following the probationary period of a new job, often also called the open
enrollment period.
An employee who meets the mandatory distribution age to begin receiving
deferred retirement funds, typically 70 1/2.
A former employee who has been allowed to keep all of the employer's
contributions, typically due to continued employment with that employer for a
number of years.
Update| Guaranteed Pass
Which of the following would probably NOT be considered in underwriting a
health insurance risk?
Hobbies
Consumer reports
Age
Marital status
Marital status
Jerry has just purchased a life insurance policy and is taking time to review the
policy's provisions. He will find that his policy excludes death by all of the
following means EXCEPT
suicide
accident
aviation
war
accident
Which of the following statements about assignment is NOT correct?
The policy owner must notify the insurer in writing of the assignment.
,The insured must approve an assignment.
The insurance company will not require the signature of the beneficiary for the
assignment.
The policy owner may temporarily assign ownership to a lender.
The insured must approve an assignment.
Which of the following would NOT be able to contribute to a Traditional IRA?
Sally, age 26, who already contributed $1,000 this year into her Roth IRA.
Dave, age 40, a dentist who has an annuity.
Darlene, age 72, a flight attendant with a Roth IRA.
Boris, age 60, a carpenter who made $250,000 last year.
Darlene, age 72, a flight attendant with a Roth IRA.
Which of the following types of agent authority is specifically set forth in writing in
the agent's contract?
Express
implied
Apparent
Personal
express
What does the consideration clause identify?
,Benefit amounts
Interest rates
Premium schedule
Risk classification
Premium schedule
In which of the following situations would the premium payor of a life insurance
policy be able to deduct the premium payments for tax purposes?
A) Joe, the sole proprietor of a grocery store, purchases and pays premiums on a
$75,000 term life policy on his life and names his wife as beneficiary.
B) Leland, a local board member of the United Way, assigns his $25,000 whole life
policy to that organization, but continues to make the premium payments.
C) Michelle, the legal guardian of five-year-old Angela, makes the premium
payments on Angela's $5,000 juvenile life insurance policy.
D) Bob takes over the premium payments on his son's $30,000 whole life policy
after his son declares bankruptcy.
Leland, a local board member of the United Way, assigns his $25,000 whole life
policy to that organization, but continues to make the premium payments.
What is the basic source of information for life insurance underwriting and policy
issue?
Consumer reports
Medical Information Bureau
, Application
Physician reports
Application
Florida law requires that all of the following be coverages be offered in health
insurance policies EXCEPT
Coverage for diabetes equipment and self-management training
Coverage for women who have had a breast biopsy that reveals breast cancer
Osteoporosis coverage
Newborn child of a covered family member for 18 months
Coverage for women who have had a breast biopsy that reveals breast cancer
Which of the following best describes a vested employee?
An employee who has contributed the maximum allowable contribution from
his/her earnings for the year.
An employee entering the employer-sponsored retirement plan immediately
following the probationary period of a new job, often also called the open
enrollment period.
An employee who meets the mandatory distribution age to begin receiving
deferred retirement funds, typically 70 1/2.
A former employee who has been allowed to keep all of the employer's
contributions, typically due to continued employment with that employer for a
number of years.
