WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
1. Agent john started offering potential client's courtside rebating
tickets to a professional basketball game in
exchange for purchasing a life insurance policy.
Which ethical sales practice has Agent John
violated?
2. The entire contract clause in a life insurance all endorsements,
policy refers to which of the following?
at-tached papers,
and waivers make
up the en-tire
3. Which of the following is not an optional provision
of health insurance polices issued in New contract
Mexico?
Change of beneficiary
4. How many social security credits must a worker
earn to qualify for Social Security disability
benefits?
40 credits
5. which of the following statements best explains
the basic level premium concept of ordinary
whole life insurance? The steady reduction
of the policy's net
amount at risk ottsets
6. The notice of claim provision of a health the cost of pure
insurance policy gives the insured how many insurance that rises
days to notify the insurer after a covered loss?
with age.
7. If Jack takes a new job that is less hazardous than
the job he had when he obtained health 20 days
coverage, what may the insurer do?
8. Long-term care insurance policies commonly
define benefits as:
reduce the premium
Flat daily amounts
, WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
9. The primary reason for using third-party ownership in remove the life
insurance
a personal life insurance for estate planning purposes proceeds from the
in-
is to: sured's estate and thus
re-duce the value of
the tax-able estate
10. Debbie owns a noncancelable individual disability
in-come policy. She receives benefits for one The insurer must
year and then returns to work. Which statement renew the policy if
is correct about the policy's renewal? Debbie pays the
11. Which statement is correct about Health Savings premium
Ac-counts(HSA)?
Instead of paying
higher premiums for
health in-surance,
the HSA can pay for
qualified health care
expenses.
12. Which of the following is not a remedy available to the Imprisonment
New Mexico Superintendent of Insurance for
violating a Department order or regulation?
13. If an insured dies during their life insurance poli- The insurer will pay the
cy's Grace Period without having paid their premium, death benefit after
first
What is the insurance company's obligation? his house.
He lost his
balance in a
fit of
14. One week after reinstating his major medical coughing,
insur-ance policy, Sri breaks his arm when he the result of
falls from a ladder while cleaning the gutters on bronchi-tis.
For which
,WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
condition will his policy cover medical expenses? deducting the
unpaid premium and
any unpaid policy
loans.
The broken arm only
, WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
15. Justine leaves her position with her employer on March 31st
March 1. She wants to convert her employer's
group life insurance coverage to an individual
policy. In order to convert her group coverage,
she must apply for an individual policy no later
than what date?
16. Which of the following is not a condition for extending The child is
married
the health coverage of a child beyond the limiting age?
17. Which statement is correct about key person disability The benefit helps
the
income insurance? business survive a key em-
ployee's disability
18. All of the following statements regarding the Insurance companies are
mon-ey laundering process and anti-money
laundering ef-forts are correct except: exempt from the
need
create and main-
19. Policyowners can withdraw the interest earnings tain anti-money launder-
on their dividends or allow the interest to ing programs.
continue to
dividend itself is gen-
erally tax free but the
in-
accumulate. In either case, how is the interest treated terest earned on
the div-
for income tax idend is reported as
purposes? tax-able income in
the year credited.
20. what does the HMO point-of-service (POS) option per- it allows members to
mit members to do?
Verified Answers |Latest Update |Already Graded A+
1. Agent john started offering potential client's courtside rebating
tickets to a professional basketball game in
exchange for purchasing a life insurance policy.
Which ethical sales practice has Agent John
violated?
2. The entire contract clause in a life insurance all endorsements,
policy refers to which of the following?
at-tached papers,
and waivers make
up the en-tire
3. Which of the following is not an optional provision
of health insurance polices issued in New contract
Mexico?
Change of beneficiary
4. How many social security credits must a worker
earn to qualify for Social Security disability
benefits?
40 credits
5. which of the following statements best explains
the basic level premium concept of ordinary
whole life insurance? The steady reduction
of the policy's net
amount at risk ottsets
6. The notice of claim provision of a health the cost of pure
insurance policy gives the insured how many insurance that rises
days to notify the insurer after a covered loss?
with age.
7. If Jack takes a new job that is less hazardous than
the job he had when he obtained health 20 days
coverage, what may the insurer do?
8. Long-term care insurance policies commonly
define benefits as:
reduce the premium
Flat daily amounts
, WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
9. The primary reason for using third-party ownership in remove the life
insurance
a personal life insurance for estate planning purposes proceeds from the
in-
is to: sured's estate and thus
re-duce the value of
the tax-able estate
10. Debbie owns a noncancelable individual disability
in-come policy. She receives benefits for one The insurer must
year and then returns to work. Which statement renew the policy if
is correct about the policy's renewal? Debbie pays the
11. Which statement is correct about Health Savings premium
Ac-counts(HSA)?
Instead of paying
higher premiums for
health in-surance,
the HSA can pay for
qualified health care
expenses.
12. Which of the following is not a remedy available to the Imprisonment
New Mexico Superintendent of Insurance for
violating a Department order or regulation?
13. If an insured dies during their life insurance poli- The insurer will pay the
cy's Grace Period without having paid their premium, death benefit after
first
What is the insurance company's obligation? his house.
He lost his
balance in a
fit of
14. One week after reinstating his major medical coughing,
insur-ance policy, Sri breaks his arm when he the result of
falls from a ladder while cleaning the gutters on bronchi-tis.
For which
,WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
condition will his policy cover medical expenses? deducting the
unpaid premium and
any unpaid policy
loans.
The broken arm only
, WEBCE NM Life, accident and health Exam with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
15. Justine leaves her position with her employer on March 31st
March 1. She wants to convert her employer's
group life insurance coverage to an individual
policy. In order to convert her group coverage,
she must apply for an individual policy no later
than what date?
16. Which of the following is not a condition for extending The child is
married
the health coverage of a child beyond the limiting age?
17. Which statement is correct about key person disability The benefit helps
the
income insurance? business survive a key em-
ployee's disability
18. All of the following statements regarding the Insurance companies are
mon-ey laundering process and anti-money
laundering ef-forts are correct except: exempt from the
need
create and main-
19. Policyowners can withdraw the interest earnings tain anti-money launder-
on their dividends or allow the interest to ing programs.
continue to
dividend itself is gen-
erally tax free but the
in-
accumulate. In either case, how is the interest treated terest earned on
the div-
for income tax idend is reported as
purposes? tax-able income in
the year credited.
20. what does the HMO point-of-service (POS) option per- it allows members to
mit members to do?
