Texas Health insurance exam
|Questions with 100% Correct Answers
31 days - ✔ ✔ in Texas, an individual life insurance policy is REQURIED to have
a grace period of how long?
this clause provides the payment of the proceeds to the insureds estate NOT
beneficiary's. - ✔ ✔ The common disaster clause provides that if both the
insured and the sole named beneficiary were to die.. what would happen?
6 months - ✔ ✔ an insurer may normally delay the payment of a cash value loan
or surrender values for up to how long?
waived one of its legal rights - ✔ ✔ an insurance company left unanswered
questions on a application then makes the application part of the life
contract. the insurer has...
Coercion - ✔ ✔ a bank requires the loan borrower to purchase credit
insurance from a specific company. The bank is guilty for...
,Irrevocable - ✔ ✔ A policyowners rights are limited under which
beneficiary designation?
representations - ✔ ✔ statements made on an insurance application that
are believed to be true to the best of the applicants knowledge are called?
initial deductible - ✔ ✔ the first portion of a covered medical insurance expense
that the insured is required to pay is....
Guaranteed Insurability Option rider - ✔ ✔ A doctor opens up a new practice
and qualifies for a disability income policy. What rider would the doctor add if
he wants to increase his policy as his practice and income grow?
100% - ✔ ✔ an insured may assign up to __________ of policy ownership under an
individual life insurance policy.
turning down a claim without providing the basis of denial - ✔ ✔ an example of
an unfair claims settlement practice is...
transportation to and from a treatment facility - ✔ ✔ what is NOT a required
benefit under a group health plan for drug and alcohol treatment?
Limited Pay life - ✔ ✔ life insurance that covers an insureds whole life with
level premiums over a limited time is called...
collecting premiums - ✔ ✔ the phrases "transacting business" includes...
, returning a portion of a premium as inducement to purchase insurance - ✔ ✔
an example of rebating would be...
Waiver of Premium - ✔ ✔ the provision in a health insurance policy that suspends
premiums being paid to the insurer while the insured is disabled is called the..
Part A covers hospitalization
Part B covers doctors services - ✔ ✔ what does Medicare parts A & B cover?
irrevocable - ✔ ✔ A policyowner wants to change the beneficiary on his
AD&D insurance policy and would like to make the change permanent. Which
type of designation would fulfill this need?
managed care - ✔ ✔ Pre-hospitalization authorization is an example of...
home health care - ✔ ✔ which of the following will a long term care plan
typically provide benefits for?
5 months - ✔ ✔ how many months must a person be disabled before being able
to file for social security disability benefits?
lower during the policy's early years - ✔ ✔ under a graded premium policy,
the premiums are...
|Questions with 100% Correct Answers
31 days - ✔ ✔ in Texas, an individual life insurance policy is REQURIED to have
a grace period of how long?
this clause provides the payment of the proceeds to the insureds estate NOT
beneficiary's. - ✔ ✔ The common disaster clause provides that if both the
insured and the sole named beneficiary were to die.. what would happen?
6 months - ✔ ✔ an insurer may normally delay the payment of a cash value loan
or surrender values for up to how long?
waived one of its legal rights - ✔ ✔ an insurance company left unanswered
questions on a application then makes the application part of the life
contract. the insurer has...
Coercion - ✔ ✔ a bank requires the loan borrower to purchase credit
insurance from a specific company. The bank is guilty for...
,Irrevocable - ✔ ✔ A policyowners rights are limited under which
beneficiary designation?
representations - ✔ ✔ statements made on an insurance application that
are believed to be true to the best of the applicants knowledge are called?
initial deductible - ✔ ✔ the first portion of a covered medical insurance expense
that the insured is required to pay is....
Guaranteed Insurability Option rider - ✔ ✔ A doctor opens up a new practice
and qualifies for a disability income policy. What rider would the doctor add if
he wants to increase his policy as his practice and income grow?
100% - ✔ ✔ an insured may assign up to __________ of policy ownership under an
individual life insurance policy.
turning down a claim without providing the basis of denial - ✔ ✔ an example of
an unfair claims settlement practice is...
transportation to and from a treatment facility - ✔ ✔ what is NOT a required
benefit under a group health plan for drug and alcohol treatment?
Limited Pay life - ✔ ✔ life insurance that covers an insureds whole life with
level premiums over a limited time is called...
collecting premiums - ✔ ✔ the phrases "transacting business" includes...
, returning a portion of a premium as inducement to purchase insurance - ✔ ✔
an example of rebating would be...
Waiver of Premium - ✔ ✔ the provision in a health insurance policy that suspends
premiums being paid to the insurer while the insured is disabled is called the..
Part A covers hospitalization
Part B covers doctors services - ✔ ✔ what does Medicare parts A & B cover?
irrevocable - ✔ ✔ A policyowner wants to change the beneficiary on his
AD&D insurance policy and would like to make the change permanent. Which
type of designation would fulfill this need?
managed care - ✔ ✔ Pre-hospitalization authorization is an example of...
home health care - ✔ ✔ which of the following will a long term care plan
typically provide benefits for?
5 months - ✔ ✔ how many months must a person be disabled before being able
to file for social security disability benefits?
lower during the policy's early years - ✔ ✔ under a graded premium policy,
the premiums are...
