Washington Life and Health (Disability)
__________ coverage guidelines do now not pay dividends to policyowners.
A
Participating
B
Reciprocal
C
Nonparticipating
D
Risk retention - ANS-C- Nonparticipating
Participating guidelines pay dividends, money back of extra rates. Mutual organizations might
also problem participating guidelines. Nonparticipating rules issued by way of Stock businesses
do no longer pay dividends to policyholders.
_____________ is/aren't considered fabric to the coverage issuance.
A
12 riding underneath the have an effect on tickets inside 6 months previous to software
B
Recent major inpatient health facility surgical procedures
C
Age and/or gender
D
Hazardous occupations and/or hobbies - ANS-C
Age and/or gender
Age and/or gender aren't taken into consideration material to the policy issuance.
A ________ is usually treated as an coverage corporation legal responsibility.
A
Gross top rate
B
Reserve
C
Net premium
D
Dividend - ANS-B- Reserve
,A reserve is an amount representing real or ability liabilities stored by way of an insurer to cowl
money owed to policyholders. A reserve is commonly handled as a legal responsibility
A ____________ agreement is a reinsurance agreement that allows the reinsurance business
enterprise an possibility to reject coverage for person dangers, or fee them better due to their
substandard (better chance) nature.
A
Sharing
B
Facultative
C
Retention
D
Treaty - ANS-B
Facultative
A facultative agreement is a reinsurance settlement that permits the reinsurance enterprise an
possibility to reject coverage for person risks, or fee them better because of their substandard
(better danger) nature.
A $a hundred,000 existence insurance coverage has an Accidental Death double indemnity
rider, and an awesome $10,000 policy loan. Following the unintended death of the insured, the
beneficiary will get hold of:
A
$90,000
B
$a hundred,000
C
$a hundred and eighty,000
D
$2 hundred,000 - ANS-C
$a hundred and eighty,000
Outstanding coverage loans are deducted from the face quantity at the time of claim. The
Accidental Death rider does no longer affect the manner policy loans are handled.
A common brochure developed by using the NAIC to provide purchasers with descriptions of
fundamental varieties of existence insurance in addition to the comparative expenses of every is
referred to as the _______.
A
Sales Illustration
,B
Consumer Information Kit
C
Policy Summary
D
Buyer's Guide - ANS-D- Buyer's Guide
It is required that prospective lifestyles coverage customers receive the NAIC Buyer's Guide to
assist them in their life coverage purchase decision.
A health policy won't set up a probationary or ready period exceeding how many months?
A
18
B
9
C
6
D
12 - ANS-C- 6
A health coverage might not establish a probationary or waiting period exceeding 6 months.
A health coverage might not exclude insurance for a preexisting situation for more than what
number of months from issuance?
A
36
B
24
C
12
D
18 - ANS-C
12
A health coverage may not exclude insurance for a preexisting situation for greater than three
hundred and sixty five days from issuance.
A existence coverage applicant pays the initial top class at the time of application and receives
a Conditional Receipt. If coverage is issued as implemented for, whilst did coverage pass into
effect?
A
The day the take a look at clears the bank
B
, The date of the software or upon the of entirety of any required scientific exam (whichever is
later)
C
The date the policy changed into issued
D
The date the policy became added - ANS-B- The date of the utility or upon the crowning glory of
any required scientific exam (whichever is later)
In the case of a Conditional Receipt, the insurance is effective as of the date of the software or
upon the of entirety of any required medical examination, until it is declined within a stipulated
duration.
A life coverage coverage is needed to have a provision permitting the insured to borrow as
much as the cash value of the coverage after a full _____ years' charges were paid.
A
6
B
3
C
4
D
five - ANS-B
3
A life insurance policy is required to have a provision allowing the insured to borrow as much as
the cash cost of the policy after a complete 3 years' rates have been paid.
A lengthy-term care policy can exclude from coverage all of the following, except:
Hospitalization (acute care)
B
Intentionally self-inflicted accidents
C
Rest healing procedures
D
Alzheimer's disorder - ANS-D- Alzheimer's sickness
Alzheimer's disorder can not be excluded from long-term care coverage.
A Medicare Supplement must have a free-look period of:
A
30 days
B
__________ coverage guidelines do now not pay dividends to policyowners.
A
Participating
B
Reciprocal
C
Nonparticipating
D
Risk retention - ANS-C- Nonparticipating
Participating guidelines pay dividends, money back of extra rates. Mutual organizations might
also problem participating guidelines. Nonparticipating rules issued by way of Stock businesses
do no longer pay dividends to policyholders.
_____________ is/aren't considered fabric to the coverage issuance.
A
12 riding underneath the have an effect on tickets inside 6 months previous to software
B
Recent major inpatient health facility surgical procedures
C
Age and/or gender
D
Hazardous occupations and/or hobbies - ANS-C
Age and/or gender
Age and/or gender aren't taken into consideration material to the policy issuance.
A ________ is usually treated as an coverage corporation legal responsibility.
A
Gross top rate
B
Reserve
C
Net premium
D
Dividend - ANS-B- Reserve
,A reserve is an amount representing real or ability liabilities stored by way of an insurer to cowl
money owed to policyholders. A reserve is commonly handled as a legal responsibility
A ____________ agreement is a reinsurance agreement that allows the reinsurance business
enterprise an possibility to reject coverage for person dangers, or fee them better due to their
substandard (better chance) nature.
A
Sharing
B
Facultative
C
Retention
D
Treaty - ANS-B
Facultative
A facultative agreement is a reinsurance settlement that permits the reinsurance enterprise an
possibility to reject coverage for person risks, or fee them better because of their substandard
(better danger) nature.
A $a hundred,000 existence insurance coverage has an Accidental Death double indemnity
rider, and an awesome $10,000 policy loan. Following the unintended death of the insured, the
beneficiary will get hold of:
A
$90,000
B
$a hundred,000
C
$a hundred and eighty,000
D
$2 hundred,000 - ANS-C
$a hundred and eighty,000
Outstanding coverage loans are deducted from the face quantity at the time of claim. The
Accidental Death rider does no longer affect the manner policy loans are handled.
A common brochure developed by using the NAIC to provide purchasers with descriptions of
fundamental varieties of existence insurance in addition to the comparative expenses of every is
referred to as the _______.
A
Sales Illustration
,B
Consumer Information Kit
C
Policy Summary
D
Buyer's Guide - ANS-D- Buyer's Guide
It is required that prospective lifestyles coverage customers receive the NAIC Buyer's Guide to
assist them in their life coverage purchase decision.
A health policy won't set up a probationary or ready period exceeding how many months?
A
18
B
9
C
6
D
12 - ANS-C- 6
A health coverage might not establish a probationary or waiting period exceeding 6 months.
A health coverage might not exclude insurance for a preexisting situation for more than what
number of months from issuance?
A
36
B
24
C
12
D
18 - ANS-C
12
A health coverage may not exclude insurance for a preexisting situation for greater than three
hundred and sixty five days from issuance.
A existence coverage applicant pays the initial top class at the time of application and receives
a Conditional Receipt. If coverage is issued as implemented for, whilst did coverage pass into
effect?
A
The day the take a look at clears the bank
B
, The date of the software or upon the of entirety of any required scientific exam (whichever is
later)
C
The date the policy changed into issued
D
The date the policy became added - ANS-B- The date of the utility or upon the crowning glory of
any required scientific exam (whichever is later)
In the case of a Conditional Receipt, the insurance is effective as of the date of the software or
upon the of entirety of any required medical examination, until it is declined within a stipulated
duration.
A life coverage coverage is needed to have a provision permitting the insured to borrow as
much as the cash value of the coverage after a full _____ years' charges were paid.
A
6
B
3
C
4
D
five - ANS-B
3
A life insurance policy is required to have a provision allowing the insured to borrow as much as
the cash cost of the policy after a complete 3 years' rates have been paid.
A lengthy-term care policy can exclude from coverage all of the following, except:
Hospitalization (acute care)
B
Intentionally self-inflicted accidents
C
Rest healing procedures
D
Alzheimer's disorder - ANS-D- Alzheimer's sickness
Alzheimer's disorder can not be excluded from long-term care coverage.
A Medicare Supplement must have a free-look period of:
A
30 days
B
