as
!!!!!!!!!!!!#######################Kansas
Life &Kansas
HealthLife
Insurance
& Health
Final
Insurance
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!################################
FinalLife
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!############################
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
Kansas Life & Health Insurance Final Exam
$3,000 - ANS-An insured covered by a group Major Medical plan is hospitalized after sustaining
injuries that resulted from an automobile accident. Assuming the plan had a $1,000 deductible
and an 80/20 Coinsurance clause, how much will the INSURED be responsible to pay with
$11,000 in covered medical expenses
$50,000 minus any outstanding policy loans - ANS-P purchases a $50,000 term life insurance
policy in 2005. One of the questions on the application ask if P engages in scuba diving, to
which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up
scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's
beneficiary?
10 year endowment - ANS-T would like to be assured $10,000 is available in 10 years to
replace a roof on his house. What kind of $10,000 policy should T purchase
180 - ANS-The Commissioner of Insurance may issue a temporary producer's license for a
maximum of how many days
1970 - Fair Credit Reporting Act - ANS-Which of the following requires insurers to disclose when
an applicant's consumer or credit history is being investigated
30 pay life - ANS-N is a 40-year old applicant who would like to retire at age 70. He is looking to
buy a life insurance policy with level premiums, permanent protection, and be paid-up at
retirement. Which of these should N purchase?
A conditional receipt indicates that certain conditions must be met in order for the insurance
coverage to go into effect. - ANS-K applies for a life insurance policy on herself and submits the
initial premium with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was used?
A fixed, level premium - ANS-Which of these is an element of a Variable Life policy
A life insurance policy written for a specified period of time with a death benefit that changes
regularly according to a schedule is a decreasing term policy. - ANS-Decreasing term policy
Accidental - ANS-Which provision is NOT a requirement in a group life policy?
After an insured has become totally disabled as defined in the policy - ANS-In health insurance
policies, a waiver of premium provision keeps the coverage in force without premium payments
&!!!!!!!!!!!!#######################Kansas
HealthKansas
Insurance
LifeFinal
& Health
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Insurance FinalLife Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Kansa
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
,as
!!!!!!!!!!!!#######################Kansas
Life &Kansas
HealthLife
Insurance
& Health
Final
Insurance
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!################################
FinalLife
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!############################
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
Alien - ANS-An insurance company that is organized or chartered in a country other than the
United States is defined as
Amount of premium payments and when they are due - ANS-The Consideration clause in a life
insurance contract contains what pertinent information?
annually renewable term - ANS-Group life insurance policies are generally written as
Annuity - ANS-Which product would best serve a retired individual looking to invest a lump-sum
of money through an insurance company
Anytime - ANS-When can a policy owner change a revocable beneficiary?
Applicant's physician - ANS-An applicant's medical information received from the Medical
Information Bureau (MIB) may be furnished to the
Applicant's signature on application - ANS-Before a life insurance policy is issued, which of
these components of the contract is required?
appointed by an insurance company - ANS-Before a licensed producer is eligible to transact
insurance sales, they must be
at future dates specified in the contract with no evidence of insurability required - ANS-When
does a Guaranteed Insurability Rider allow the insured to buy additional coverage?
At the policy's inception - ANS-When does a Probationary Period provision become effective in
a health insurance contract
At the time of application - ANS-When must insurable interest be present in order for a life
insurance policy to be valid
authorize payment of certain claims - ANS-A producer is an individual who has been authorized
by an insurer to be its representative and to perform all of the following acts EXCEPT
Automatic policy loan - ANS-S has a Whole Life policy with a premium payment due soon.
Which provision would keep the policy in force if S does not make the required payment and the
policy has adequate cash value from which the premium payment can be made?
avoid a policy lapse - ANS-The automatic premium loan provision is designed to
Beneficiaries are not required to sign an insurance application - ANS-A life insurance application
must be signed by all of these EXCEPT
&!!!!!!!!!!!!#######################Kansas
HealthKansas
Insurance
LifeFinal
& Health
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Insurance FinalLife Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Kansa
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
!!!!!!!!!!!!#######################Kansas
Life &Kansas
HealthLife
Insurance
& Health
Final
Insurance
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!################################
FinalLife
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!############################
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
Kansas Life & Health Insurance Final Exam
$3,000 - ANS-An insured covered by a group Major Medical plan is hospitalized after sustaining
injuries that resulted from an automobile accident. Assuming the plan had a $1,000 deductible
and an 80/20 Coinsurance clause, how much will the INSURED be responsible to pay with
$11,000 in covered medical expenses
$50,000 minus any outstanding policy loans - ANS-P purchases a $50,000 term life insurance
policy in 2005. One of the questions on the application ask if P engages in scuba diving, to
which P answers "No". The policy is then issued with no scuba exclusions. In 2010, P takes up
scuba diving and dies in a scuba-related accident in 2011. What will the insurer pay to P's
beneficiary?
10 year endowment - ANS-T would like to be assured $10,000 is available in 10 years to
replace a roof on his house. What kind of $10,000 policy should T purchase
180 - ANS-The Commissioner of Insurance may issue a temporary producer's license for a
maximum of how many days
1970 - Fair Credit Reporting Act - ANS-Which of the following requires insurers to disclose when
an applicant's consumer or credit history is being investigated
30 pay life - ANS-N is a 40-year old applicant who would like to retire at age 70. He is looking to
buy a life insurance policy with level premiums, permanent protection, and be paid-up at
retirement. Which of these should N purchase?
A conditional receipt indicates that certain conditions must be met in order for the insurance
coverage to go into effect. - ANS-K applies for a life insurance policy on herself and submits the
initial premium with the application. She is given a receipt by the agent stating that coverage
begins immediately if the application is approved. What kind of receipt was used?
A fixed, level premium - ANS-Which of these is an element of a Variable Life policy
A life insurance policy written for a specified period of time with a death benefit that changes
regularly according to a schedule is a decreasing term policy. - ANS-Decreasing term policy
Accidental - ANS-Which provision is NOT a requirement in a group life policy?
After an insured has become totally disabled as defined in the policy - ANS-In health insurance
policies, a waiver of premium provision keeps the coverage in force without premium payments
&!!!!!!!!!!!!#######################Kansas
HealthKansas
Insurance
LifeFinal
& Health
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Insurance FinalLife Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Kansa
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
,as
!!!!!!!!!!!!#######################Kansas
Life &Kansas
HealthLife
Insurance
& Health
Final
Insurance
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!################################
FinalLife
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!############################
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
Alien - ANS-An insurance company that is organized or chartered in a country other than the
United States is defined as
Amount of premium payments and when they are due - ANS-The Consideration clause in a life
insurance contract contains what pertinent information?
annually renewable term - ANS-Group life insurance policies are generally written as
Annuity - ANS-Which product would best serve a retired individual looking to invest a lump-sum
of money through an insurance company
Anytime - ANS-When can a policy owner change a revocable beneficiary?
Applicant's physician - ANS-An applicant's medical information received from the Medical
Information Bureau (MIB) may be furnished to the
Applicant's signature on application - ANS-Before a life insurance policy is issued, which of
these components of the contract is required?
appointed by an insurance company - ANS-Before a licensed producer is eligible to transact
insurance sales, they must be
at future dates specified in the contract with no evidence of insurability required - ANS-When
does a Guaranteed Insurability Rider allow the insured to buy additional coverage?
At the policy's inception - ANS-When does a Probationary Period provision become effective in
a health insurance contract
At the time of application - ANS-When must insurable interest be present in order for a life
insurance policy to be valid
authorize payment of certain claims - ANS-A producer is an individual who has been authorized
by an insurer to be its representative and to perform all of the following acts EXCEPT
Automatic policy loan - ANS-S has a Whole Life policy with a premium payment due soon.
Which provision would keep the policy in force if S does not make the required payment and the
policy has adequate cash value from which the premium payment can be made?
avoid a policy lapse - ANS-The automatic premium loan provision is designed to
Beneficiaries are not required to sign an insurance application - ANS-A life insurance application
must be signed by all of these EXCEPT
&!!!!!!!!!!!!#######################Kansas
HealthKansas
Insurance
LifeFinal
& Health
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Insurance FinalLife Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Kansa
& Health Insurance Final Exam.pdfKansas Life & Health Insurance Final Exam.pdf!!!!!!!!!!!!!
