,TX-LAH05 - GENERAL LINES - LIFE,
ACCIDENT AND HEALTH EXAM
QUESTIONS AND ANSWERS 100%
CORRECT!
Accelerated Benefits - ANSWER Riders attached to life insurance policies which allow
death benefits to be used to cover nursing or convalescent home expenses.
Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an
unspecified place.
Accident Insurance - ANSWER A type of insurance that protects the insured against
loss due to accidental bodily injury.
Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body.
Accidental Death and Dismemberment (AD&D) - ANSWER An insurance policy which
pays a specified amount or a specified multiple of the insured's benefit if the insured
dies, loses his/her sight, or loses two limbs due to an accident.
Accidental Death Benefits - ANSWER A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of accidental
death.
Accidental Death Insurance - ANSWER An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ANSWER The time over which the annuitant makes payments or
investments in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER An infectious and incurable
disease caused by the human immunodeficiency virus (HIV).
Accidental Death Benefits - ANSWER A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of accidental
death.
, Accidental Death Insurance - ANSWER An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ANSWER The time over which the annuitant makes payments or
investments in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER An infectious and incurable
disease caused by the human immunodeficiency virus (HIV).
Activities of Dally Living (ADLs) - ANSWER Activities individuals must do every day
such as moving about, getting dressed, eating, bathing, etc.
Actual Cash Value (AC) - ANSWER The required amount to pay damages or for
property loss, which is calculated based on the property's current replacement value
minus depreciation.
Adjustable Life - ANSWER Life insurance which permits changes in the face amount,
premium amount, period of protection, and the duration of the premium payment period.
Adjuster - ANSWER A representative of an insurance company who investigates and
acts on the behalf of the company to obtain agreements for the amount of the insurance
claim.
Administrator - ANSWER An individual appointed by a court as a fiduciary to settle the
financial affairs and estate of a deceased person.
Admitted (Authorized) Insurer - ANSWER An insurance company authorized and
licensed to transact business in a particular state.
Adult Day Care - ANSWER A program for impaired adults that attempts to meet their
health, social, and functional needs in a setting away from their homes.
Adverse Selection - ANSWER The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present lower
probability.
Agency - ANSWER An insurance sales office or company.
Agent - ANSWER An individual who is licensed to sell, negotiate, or effect insurance
contracts on behalf of an insurer.
ACCIDENT AND HEALTH EXAM
QUESTIONS AND ANSWERS 100%
CORRECT!
Accelerated Benefits - ANSWER Riders attached to life insurance policies which allow
death benefits to be used to cover nursing or convalescent home expenses.
Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an
unspecified place.
Accident Insurance - ANSWER A type of insurance that protects the insured against
loss due to accidental bodily injury.
Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body.
Accidental Death and Dismemberment (AD&D) - ANSWER An insurance policy which
pays a specified amount or a specified multiple of the insured's benefit if the insured
dies, loses his/her sight, or loses two limbs due to an accident.
Accidental Death Benefits - ANSWER A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of accidental
death.
Accidental Death Insurance - ANSWER An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ANSWER The time over which the annuitant makes payments or
investments in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER An infectious and incurable
disease caused by the human immunodeficiency virus (HIV).
Accidental Death Benefits - ANSWER A policy rider that states that the cause of death
will be analyzed to determine if it complies with the policy description of accidental
death.
, Accidental Death Insurance - ANSWER An insurance policy that provides payment if
the insured's death is the result of an accident.
Accumulation Period - ANSWER The time over which the annuitant makes payments or
investments in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER An infectious and incurable
disease caused by the human immunodeficiency virus (HIV).
Activities of Dally Living (ADLs) - ANSWER Activities individuals must do every day
such as moving about, getting dressed, eating, bathing, etc.
Actual Cash Value (AC) - ANSWER The required amount to pay damages or for
property loss, which is calculated based on the property's current replacement value
minus depreciation.
Adjustable Life - ANSWER Life insurance which permits changes in the face amount,
premium amount, period of protection, and the duration of the premium payment period.
Adjuster - ANSWER A representative of an insurance company who investigates and
acts on the behalf of the company to obtain agreements for the amount of the insurance
claim.
Administrator - ANSWER An individual appointed by a court as a fiduciary to settle the
financial affairs and estate of a deceased person.
Admitted (Authorized) Insurer - ANSWER An insurance company authorized and
licensed to transact business in a particular state.
Adult Day Care - ANSWER A program for impaired adults that attempts to meet their
health, social, and functional needs in a setting away from their homes.
Adverse Selection - ANSWER The tendency of risks with higher probability of loss to
purchase and maintain insurance more often than the risks who present lower
probability.
Agency - ANSWER An insurance sales office or company.
Agent - ANSWER An individual who is licensed to sell, negotiate, or effect insurance
contracts on behalf of an insurer.
