MONTANA LIFE AND HEALTH FINAL
EXAM
Which of the following is true about most blue cross blue shield organizations? - Correct
Answers -They are non profit organizations
Which of the following is not included in hospitalization expense coverage - Correct
Answers -Surgical fees
A policy of adhesion may only be modified by who? - Correct Answers -The insurance
company
Which of the following is not included in an annuity contract? - Correct Answers -AD&D
rider
An insurer must provide an insured with claim forms within __ days after receiving
notice of a loss. - Correct Answers -15
Credit life insurance must be sold as? - Correct Answers -Term life
Cash value loans may charge a maximum interest of? - Correct Answers -8%
The premium charges for limited lines credit insurance is excessive if the insurer does
not pay out at least ? Of premiums earned - Correct Answers -50%
Which is correct about a guaranteed renewable health insurance policy is correct? -
Correct Answers -Premiums normally increase at time of renewal
Any reciprocal insurer formed under federal tax laws must be operated by a ? - Correct
Answers -Attorney in fact
Which does not play a role in the underwriting of a life insurance policy? - Correct
Answers -Marital status
Which of these is true concerning an individual straight life annuity is true? - Correct
Answers -Payments are made to an annuitant for life
What will an insurer do if an interest on a policy loan is not made on time? - Correct
Answers -Automatically add the amount of interest due to the loan balance
EXAM
Which of the following is true about most blue cross blue shield organizations? - Correct
Answers -They are non profit organizations
Which of the following is not included in hospitalization expense coverage - Correct
Answers -Surgical fees
A policy of adhesion may only be modified by who? - Correct Answers -The insurance
company
Which of the following is not included in an annuity contract? - Correct Answers -AD&D
rider
An insurer must provide an insured with claim forms within __ days after receiving
notice of a loss. - Correct Answers -15
Credit life insurance must be sold as? - Correct Answers -Term life
Cash value loans may charge a maximum interest of? - Correct Answers -8%
The premium charges for limited lines credit insurance is excessive if the insurer does
not pay out at least ? Of premiums earned - Correct Answers -50%
Which is correct about a guaranteed renewable health insurance policy is correct? -
Correct Answers -Premiums normally increase at time of renewal
Any reciprocal insurer formed under federal tax laws must be operated by a ? - Correct
Answers -Attorney in fact
Which does not play a role in the underwriting of a life insurance policy? - Correct
Answers -Marital status
Which of these is true concerning an individual straight life annuity is true? - Correct
Answers -Payments are made to an annuitant for life
What will an insurer do if an interest on a policy loan is not made on time? - Correct
Answers -Automatically add the amount of interest due to the loan balance
