EXAM 3
2 - ANS-An individual life insurance policy sold in Indiana can be contested by the insurer only
during the first______years of the
20% is withheld for income taxes - ANS-An individual participant personally received eligible
rollover funds from a profit-sharing plan. What is the income tax withholding requirements for
this transaction?
after being properly appointed by the insurer - ANS-At what point may a producer sell insurance
for an insurer?
amount of the benefits available from other sources - ANS-The amount of monthly disability
benefits payable under Social Security is affected by which of the following factors ?
applicant's signature on application - ANS-Before a life insurance policy is issued, which of
these components of the contract is required ?
at birth - ANS-Under a Small Group Health plan, babies are covered
avoid duplication of benefit payments - ANS-The coordination of benefits (COB ) provision
exists in order to:
be incorporated and formed in indiana - ANS-A domestic insurance company in Indiana MUST
change the grace period - ANS-Whole Life insurance policyowner does NOT have the right to
continue group health benefits - ANS-The Consolidated Omnibus Budget Reconciliation Act
(COBRA ) gives workers (and their families) whose employment has been terminated the right
to:
decreasjng term - ANS-Which of these types of policies may NOT have the Automatic Premium
Loan provision attached to it?
defamation - ANS-An insurer distributes public brochures that contain a false statement
regarding a competitor's ability to pay claims. This act is considered an example of:
dental care and other prescription drugs - ANS-Common exclusions to continuation of group
coverage include :
dental work - ANS-Medicare Part A and Part B do NOT pay for :
2 - ANS-An individual life insurance policy sold in Indiana can be contested by the insurer only
during the first______years of the
20% is withheld for income taxes - ANS-An individual participant personally received eligible
rollover funds from a profit-sharing plan. What is the income tax withholding requirements for
this transaction?
after being properly appointed by the insurer - ANS-At what point may a producer sell insurance
for an insurer?
amount of the benefits available from other sources - ANS-The amount of monthly disability
benefits payable under Social Security is affected by which of the following factors ?
applicant's signature on application - ANS-Before a life insurance policy is issued, which of
these components of the contract is required ?
at birth - ANS-Under a Small Group Health plan, babies are covered
avoid duplication of benefit payments - ANS-The coordination of benefits (COB ) provision
exists in order to:
be incorporated and formed in indiana - ANS-A domestic insurance company in Indiana MUST
change the grace period - ANS-Whole Life insurance policyowner does NOT have the right to
continue group health benefits - ANS-The Consolidated Omnibus Budget Reconciliation Act
(COBRA ) gives workers (and their families) whose employment has been terminated the right
to:
decreasjng term - ANS-Which of these types of policies may NOT have the Automatic Premium
Loan provision attached to it?
defamation - ANS-An insurer distributes public brochures that contain a false statement
regarding a competitor's ability to pay claims. This act is considered an example of:
dental care and other prescription drugs - ANS-Common exclusions to continuation of group
coverage include :
dental work - ANS-Medicare Part A and Part B do NOT pay for :
