XCEL _CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE QUESTIONS & CORRECT ANSWERS 100% VERIFIED

XCEL _CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE QUESTIONS & CORRECT ANSWERS 100% VERIFIED When an insurance company requests an attending physician's report, the request must be accompanied by a - ANSWER Copy of the signed authorization Which of the following is NOT a required uniform provision in individual health policies? - ANSWER Change of occupation "Life insurance creates an immediate estate". This phrase means - ANSWER When the insured dies, a death benefit is paid A person who asserts a right of recovery under an insurance policy is called - ANSWER Claimant Before an insurer is allowed to test an individual for HIV, what must be completed? - ANSWER Consent Form Jim is the insured on a health insurance policy and holds 2 jobs. If "occupation" is used to classify the risk, the insurer will most likely classify Jim according to the occupation that - ANSWER is most hazardous Under a long-term care insurance policy, adult day care coverage will provide for - ANSWER part time care at a facility for elderly individuals who live at home Which of the following is NOT true regarding a family policy that covers children? - ANSWER Conversion of child's coverage to permanent insurance requires evidence of insurability How long is a person expected to be disabled in order to receive Social Security disability benefits? - ANSWER 12 months Which of the following describes the number of deaths in a year compared to the number of people in a select group? - ANSWER Mortality rate Which of the following is NOT required in the content of a policy? - ANSWER Probability of loss Jim is applying to become an insurance agent and has a past misdemeanor conviction that was later expunged due to California Penal Code 1203.4. Which of the following statements is correct? - ANSWER Jim must still disclose the conviction on his insurance license application Which of the following is a life insurance policy that does NOT require a physical exam? - ANSWER Non-medical The insurer has the option of terminating a health insurance policy on a date stated in the contract. What type of policy is this? - ANSWER Optionally renewable An individual that has 40 quarters of coverage, for Social Security purposes, is considered to be - ANSWER Fully insured In a life insurance policy, the entire contract consists of the - ANSWER policy and attached application Which of the following is NOT considered to be an act of insurance solicitation? - ANSWER Publishing a magazine where one of the advertisers is an insurer All of the following circumstances must be met for loss retention to be an effective risk management technique EXCEPT - ANSWER Probability of loss is unknown The importance of a representation is demonstrated in what rule? - ANSWER Materiality of concealment Which word implies permissiveness according to the California Insurance Code? - ANSWER May Medical expense policies will typically cover which of the following? - ANSWER Injuries caused by accidents Which of the following is NOT protected under the California Life and Health Guarantee Association? - ANSWER Insurers Individuals become eligible for Medicare Part A benefits at what age? - ANSWER 65 An agent's attempt to stop the replacement of an existing life insurance policy is known as - ANSWER conservation Which of the following is NOT an accurate description of Access for Infants and Mothers Program (AIM)? - ANSWER Only women who have private insurance plans with a maternity-only deductible or copayment greater than $1,500 are eligible All of these statements concerning Medicare are true EXCEPT - ANSWER Long-term care is covered by Medicare Part C Which of the following is NOT considered to be an unfair claims settlement practice? - ANSWER Advising a claimant to hire an attorney Retirement plans are prevented from favoring highly compensated employees under which government regulation? - ANSWER Nondiscrimination