SOUTH CAROLINA LIFE AND HEALTH INSURANCE 2024
EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY GRADED A+
The branch of dentistry which deals with the replacement of missing parts is called
Endodontics
Periodontics
Orthodontics
Prosthodontics - ANSWER: Prosthodontics
How many months can a life insurance policy normally be backdated from the date
of application?
3
6
9
12 - ANSWER: 6
HIPAA considers which of the following as "individually identifiable health
information"? - ANSWER: A person's health claim information
Which of the following is NOT taken into consideration when determining eligibility
for Medicare benefits? - ANSWER: Income
What is the primary factor that determines the benefits paid under a disability
income policy? - ANSWER: wages
All of the following are functions of an insuring clause EXCEPT - ANSWER: Primarily
describes the free-look period
The Fair Credit and Reporting Act's main purpose is to - ANSWER: protect consumers
with guidelines regarding credit reporting and distribution
What is known as the immediate specific event causing loss and giving rise to risk? -
ANSWER: Peril
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March
14, 1980. When does her license renew? - ANSWER: March 31, 2014
Which approach predicts a person's earning potential and determines how much of
that amount would be devoted to dependents? - ANSWER: Human life value
approach
, In South Carolina, which of the following statements is TRUE regarding a licensed
individual changing his or her legal name? - ANSWER: The producer must notify the
Department upon changing his or her legal name
Which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary? - ANSWER: interest only
What would happen if a life insurance applicant is given a conditional receipt from
an insurance agent and then dies the next day? - ANSWER: Claim will be paid if
application is approved
In South Carolina, what is the MAXIMUM length of time an insurer can defer
payment of a cash surrender value of an annuity? - ANSWER: 6 months
Which of these is affected by the frequency of an insurance policy's premium
payments? - ANSWER: Cost
In an insurance contract, the insurer is the only party legally obligated to perform.
Because of this, an insurance contract is considered - ANSWER: unilateral
Which of these licensees MUST be appointed in order to conduct insurance
business? - ANSWER: Producer
A master contract and certificate of coverage can be found in which type of policy? -
ANSWER: Group
Jonas is a whole life insurance policyowner and would like to add coverage for his
two children. Which of the following products would allow him to accomplish this? -
ANSWER: Child term rider
The MAXIMUM time period that an eligible employee can be excluded from
coverage under a group health policy as a late enrollee is - ANSWER: 18 months
A Medicare Supplement policy must NOT contain benefits which - ANSWER:
duplicate Medicare benefits
In what form do disability income policies typically pay benefits? - ANSWER: Periodic
income
How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy? - ANSWER: 6 months
All of the following are elements of an insurance policy EXCEPT - ANSWER: Claim
Forms
EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) / ALREADY GRADED A+
The branch of dentistry which deals with the replacement of missing parts is called
Endodontics
Periodontics
Orthodontics
Prosthodontics - ANSWER: Prosthodontics
How many months can a life insurance policy normally be backdated from the date
of application?
3
6
9
12 - ANSWER: 6
HIPAA considers which of the following as "individually identifiable health
information"? - ANSWER: A person's health claim information
Which of the following is NOT taken into consideration when determining eligibility
for Medicare benefits? - ANSWER: Income
What is the primary factor that determines the benefits paid under a disability
income policy? - ANSWER: wages
All of the following are functions of an insuring clause EXCEPT - ANSWER: Primarily
describes the free-look period
The Fair Credit and Reporting Act's main purpose is to - ANSWER: protect consumers
with guidelines regarding credit reporting and distribution
What is known as the immediate specific event causing loss and giving rise to risk? -
ANSWER: Peril
Mary is issued an initial producer's license on April 29, 2012. Her birthdate is March
14, 1980. When does her license renew? - ANSWER: March 31, 2014
Which approach predicts a person's earning potential and determines how much of
that amount would be devoted to dependents? - ANSWER: Human life value
approach
, In South Carolina, which of the following statements is TRUE regarding a licensed
individual changing his or her legal name? - ANSWER: The producer must notify the
Department upon changing his or her legal name
Which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary? - ANSWER: interest only
What would happen if a life insurance applicant is given a conditional receipt from
an insurance agent and then dies the next day? - ANSWER: Claim will be paid if
application is approved
In South Carolina, what is the MAXIMUM length of time an insurer can defer
payment of a cash surrender value of an annuity? - ANSWER: 6 months
Which of these is affected by the frequency of an insurance policy's premium
payments? - ANSWER: Cost
In an insurance contract, the insurer is the only party legally obligated to perform.
Because of this, an insurance contract is considered - ANSWER: unilateral
Which of these licensees MUST be appointed in order to conduct insurance
business? - ANSWER: Producer
A master contract and certificate of coverage can be found in which type of policy? -
ANSWER: Group
Jonas is a whole life insurance policyowner and would like to add coverage for his
two children. Which of the following products would allow him to accomplish this? -
ANSWER: Child term rider
The MAXIMUM time period that an eligible employee can be excluded from
coverage under a group health policy as a late enrollee is - ANSWER: 18 months
A Medicare Supplement policy must NOT contain benefits which - ANSWER:
duplicate Medicare benefits
In what form do disability income policies typically pay benefits? - ANSWER: Periodic
income
How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy? - ANSWER: 6 months
All of the following are elements of an insurance policy EXCEPT - ANSWER: Claim
Forms
