Washington Life and Disability combo
A guaranteed insurability rider we could a disability profits coverage policyowner: - ANS-buy
extra quantities of coverage on particular dates, without having to provide evidence of
insurability
A health insurance policy that bases the claim price on an quantity targeted inside the contract
is called a: - ANS-valued settlement
A pre-current situation in a Medicare complement coverage issued in Washington can not be
described more restrictively than a circumstance for which clinical recommendation or treatment
become advocated through or received from a physician within what number of months before
the effective date of insurance? - ANS-3
A manufacturer receives a policy that the coverage organization issued for transport to a new
client. The producer forgets to deliver the policy earlier than happening an extended vacation.
Who is accountable to the insured for the not on time transport? - ANS-the producer and the
insurance organisation
A kind of life coverage that covers two humans and can pay the death advantage simplest upon
the second insured's demise is known as - ANS-survivorship life
A sort of permanent lifestyles coverage that shall we the policyowner increase, lessen or maybe
pass top class bills at will with out the coverage lapsing first-rate describes: - ANS-conventional
lifestyles coverage
Abby bought an extended-time period care coverage on June 15. Two weeks later, she lost her
task and determined that she may want to not find the money for the policy. What are her
options? - ANS-She can go back the coverage for a complete refund of top rate.
An agent for ABC Insurance Company meets with a patron. The agent indicates the consumer
ABC's pattern regulations, refers to the ABC fee ebook, and gives the customer an ABC
business card. The purchaser assumes that ABC has appointed the agent to symbolize it. What
kind of authority does the agent have? - ANS-obvious authority
An coverage company can exclude insurance for a selected scientific condition by which include
which kind of rider in a medical insurance policy? - ANS-impairment
As distribution cars, annuities are useful besides for: - ANS-defend in opposition to the
monetary impact of demise too quickly
, As part of the field underwriting technique for medical insurance, manufacturers should provide
the subsequent kinds of statistics to applicants EXCEPT: - ANS-the applicant's MIB record
Because they impose no deductibles for health care furnished of their network, require most
effective a small co-price for each medical doctor visit or health service, and do no longer
contain claims forms, controlled care coverage is considered to be: - ANS-pre-paid fitness care
Brenda owns a nonqualified deferred annuity. Through a Section 1035 change, she will be able
to trade her annuity income tax-loose for which of the following? - ANS-a nonqualified annuity
best
Dana offered a $one hundred,000 entire existence coverage policy on the age of 30. Twenty
years later, Dana comes to a decision to use her coverage's $20,000 coins fee to shop for $one
hundred,000 of term existence coverage primarily based on her modern-day age of 50. This
gives her with life insurance for about 14 years. What policy characteristic is Dana the use of? -
ANS-extended term alternative
Dividend options follow to which of the subsequent? - ANS-collaborating existence insurance
guidelines while dividends are declared by way of the insurer
Felix buys an coverage coverage so as to pay benefits if he wishes lengthy-term care and also
protects some assets from the spend-down requirement if he applies for Medicaid assistance.
Which type of policy does Felix personal? - ANS-long-term care partnership coverage
For a misrepresentation to have an effect on the validity of an coverage policy, it have to be: -
ANS-material
For functions of Washington medical health insurance reform law, a small organization is any
man or woman or commercial enterprise entity this is actively engaged in enterprise and
employed a mean of no more than how might also men and women in the previous calendar 12
months? - ANS-50
Gloria chooses to take her life coverage coverage dividends in cash. The insurance
organization sends a check for the amount of the declared dividend at the anniversary date of
the policy. What is the tax effect to Gloria for receiving coins dividends? - ANS-Her dividends
are not income taxable.
Grant's Medicare SELECT plan offers the equal advantages because the insurance provided
below a wellknown Medicare supplement. Why are his premiums decrease than those for a
preferred Medicare supplement? - ANS-He ought to acquire protected services thru the plan's
network.
How are self-funded institution medical health insurance plans funded? - ANS-The organization
finances and pays for member claims and advantages.
A guaranteed insurability rider we could a disability profits coverage policyowner: - ANS-buy
extra quantities of coverage on particular dates, without having to provide evidence of
insurability
A health insurance policy that bases the claim price on an quantity targeted inside the contract
is called a: - ANS-valued settlement
A pre-current situation in a Medicare complement coverage issued in Washington can not be
described more restrictively than a circumstance for which clinical recommendation or treatment
become advocated through or received from a physician within what number of months before
the effective date of insurance? - ANS-3
A manufacturer receives a policy that the coverage organization issued for transport to a new
client. The producer forgets to deliver the policy earlier than happening an extended vacation.
Who is accountable to the insured for the not on time transport? - ANS-the producer and the
insurance organisation
A kind of life coverage that covers two humans and can pay the death advantage simplest upon
the second insured's demise is known as - ANS-survivorship life
A sort of permanent lifestyles coverage that shall we the policyowner increase, lessen or maybe
pass top class bills at will with out the coverage lapsing first-rate describes: - ANS-conventional
lifestyles coverage
Abby bought an extended-time period care coverage on June 15. Two weeks later, she lost her
task and determined that she may want to not find the money for the policy. What are her
options? - ANS-She can go back the coverage for a complete refund of top rate.
An agent for ABC Insurance Company meets with a patron. The agent indicates the consumer
ABC's pattern regulations, refers to the ABC fee ebook, and gives the customer an ABC
business card. The purchaser assumes that ABC has appointed the agent to symbolize it. What
kind of authority does the agent have? - ANS-obvious authority
An coverage company can exclude insurance for a selected scientific condition by which include
which kind of rider in a medical insurance policy? - ANS-impairment
As distribution cars, annuities are useful besides for: - ANS-defend in opposition to the
monetary impact of demise too quickly
, As part of the field underwriting technique for medical insurance, manufacturers should provide
the subsequent kinds of statistics to applicants EXCEPT: - ANS-the applicant's MIB record
Because they impose no deductibles for health care furnished of their network, require most
effective a small co-price for each medical doctor visit or health service, and do no longer
contain claims forms, controlled care coverage is considered to be: - ANS-pre-paid fitness care
Brenda owns a nonqualified deferred annuity. Through a Section 1035 change, she will be able
to trade her annuity income tax-loose for which of the following? - ANS-a nonqualified annuity
best
Dana offered a $one hundred,000 entire existence coverage policy on the age of 30. Twenty
years later, Dana comes to a decision to use her coverage's $20,000 coins fee to shop for $one
hundred,000 of term existence coverage primarily based on her modern-day age of 50. This
gives her with life insurance for about 14 years. What policy characteristic is Dana the use of? -
ANS-extended term alternative
Dividend options follow to which of the subsequent? - ANS-collaborating existence insurance
guidelines while dividends are declared by way of the insurer
Felix buys an coverage coverage so as to pay benefits if he wishes lengthy-term care and also
protects some assets from the spend-down requirement if he applies for Medicaid assistance.
Which type of policy does Felix personal? - ANS-long-term care partnership coverage
For a misrepresentation to have an effect on the validity of an coverage policy, it have to be: -
ANS-material
For functions of Washington medical health insurance reform law, a small organization is any
man or woman or commercial enterprise entity this is actively engaged in enterprise and
employed a mean of no more than how might also men and women in the previous calendar 12
months? - ANS-50
Gloria chooses to take her life coverage coverage dividends in cash. The insurance
organization sends a check for the amount of the declared dividend at the anniversary date of
the policy. What is the tax effect to Gloria for receiving coins dividends? - ANS-Her dividends
are not income taxable.
Grant's Medicare SELECT plan offers the equal advantages because the insurance provided
below a wellknown Medicare supplement. Why are his premiums decrease than those for a
preferred Medicare supplement? - ANS-He ought to acquire protected services thru the plan's
network.
How are self-funded institution medical health insurance plans funded? - ANS-The organization
finances and pays for member claims and advantages.
