Aflac Final Exam Questions (Everything)-
Questions and Answers
which of the following best describes the concept that the insured pays a small amount of
premium for a large amount of risk on the part of the insurance company? Correct Ans-
aleatory
a mutual insurance company based in Rhode Island must have assists over all liabilities worth at
least Correct Ans-$3million
if an insurance producer allows his or her license to expire, how soon must the producer
reinstate the license to avoid having to pass the written examination? Correct Ans-12
months
when receiving commons for issues insurance polices, producers must adhere to specific
requirements for informing customers of that compensation. all of the following are true
EXCEPT Correct Ans-all salaried employees of an insurance company must disclose to
customers if they are paid a commission
which of the following is NOT an exclusion in medical expense insurance policies? Correct
Ans-coverage for dependents
which of the following statements is NOT true concerning Medicaid Correct Ans-int consists
of 3 parts: Part A, B, C
, which of the following is NOT a feature of a guaranteed renewable provision? Correct Ans-
the insurer can increase the policy premium on an individual basis
a guaranteed renewable health insurance policy allows the Correct Ans-policyholder to
renew the policy to a state Aage, with the company having the right to increase premiums on
the entire class
most policies will pay the accidental death benefits as long as the death is caused by the
accident and occurs within Correct Ans-90 days
under the accidental death and dismemberment coverage, what type of benefit will be paid to
the beneficiary in the event of the insured's accidental death Correct Ans-principal sum
underwriting is a major consideration when an insured wishes to replace her current policy for
all of the following reasons EXCEPT Correct Ans-premiums always start ehh ame
an insured is covered buy aa disability income policy that contains an accidental means clause.
the insured exists a bus by umping down the steps and beaks an ankle. what coverage will
apply? Correct Ans-no coverage will apply, since the injury could have been forseen
which of the following is NOT the consideration in a policy Correct Ans-the application given
to a prospective insured
Questions and Answers
which of the following best describes the concept that the insured pays a small amount of
premium for a large amount of risk on the part of the insurance company? Correct Ans-
aleatory
a mutual insurance company based in Rhode Island must have assists over all liabilities worth at
least Correct Ans-$3million
if an insurance producer allows his or her license to expire, how soon must the producer
reinstate the license to avoid having to pass the written examination? Correct Ans-12
months
when receiving commons for issues insurance polices, producers must adhere to specific
requirements for informing customers of that compensation. all of the following are true
EXCEPT Correct Ans-all salaried employees of an insurance company must disclose to
customers if they are paid a commission
which of the following is NOT an exclusion in medical expense insurance policies? Correct
Ans-coverage for dependents
which of the following statements is NOT true concerning Medicaid Correct Ans-int consists
of 3 parts: Part A, B, C
, which of the following is NOT a feature of a guaranteed renewable provision? Correct Ans-
the insurer can increase the policy premium on an individual basis
a guaranteed renewable health insurance policy allows the Correct Ans-policyholder to
renew the policy to a state Aage, with the company having the right to increase premiums on
the entire class
most policies will pay the accidental death benefits as long as the death is caused by the
accident and occurs within Correct Ans-90 days
under the accidental death and dismemberment coverage, what type of benefit will be paid to
the beneficiary in the event of the insured's accidental death Correct Ans-principal sum
underwriting is a major consideration when an insured wishes to replace her current policy for
all of the following reasons EXCEPT Correct Ans-premiums always start ehh ame
an insured is covered buy aa disability income policy that contains an accidental means clause.
the insured exists a bus by umping down the steps and beaks an ankle. what coverage will
apply? Correct Ans-no coverage will apply, since the injury could have been forseen
which of the following is NOT the consideration in a policy Correct Ans-the application given
to a prospective insured
