Missouri Life and Health Exam
QUESTIONS AND ANSWERS
1. _______ may be described as "making an unfair comparison of two insurance rules" -
ANSWER-misrepresentation
2. _________ is the act of imparting an applicant something of fee as an inducement to
buy an coverage coverage
a) sliding
b) rebating
c) coercion
d) dubrogation - ANSWER-rebating
3. A 15-year mortgage is pleasant protected by using what type of life coverage?
A) modified whole lifestyles
b) 15-year stage time period
c) 15-year lowering time period
d) adjustable lifestyles - ANSWER-15-yr reducing term
4. A 42-year-vintage executive wants to purchase lifestyles coverage with a purpose to
permit for increases or decreases to coverage as his/her needs alternate. Which of the
following regulations will nice meet this want? - ANSWER-Universal Life
5. A sixty six 12 months-antique is included underneath a collection fitness plan at the
same time as employed with a enterprise that has 40 personnel. If she injures herself
even as on foot inside the park, what insurance could be considered number one? -
ANSWER-Her organization health plan
6. a business incapacity buyout plan coverage is designed:
as an incurred fee plan
with a totally quick Elimination duration
to pay blessings to the Corporation or different shareholders
to pay benefits to the insured's spouse - ANSWER-to pay blessings to the
Corporation or different shareholders
7. A CEO's non-public assistant suffered injuries at home and as a end result, became not
able to paintings for 4 months. Which kind of coverage can pay a monthly gain to the
non-public assistant?
A) disability profits
b) predominant scientific
c) key worker
d) commercial enterprise overhead cost - ANSWER-disability earnings
8. A complete predominant scientific health insurance policy includes an Eligible Expenses
provision which identifies the types of health care services which might be included. All
, of the subsequent health care offerings are normally included, EXCEPT for: -
ANSWER-experimental and investigative offerings
9. A credit score life insurance policy covers the lifestyles of the
a) manufacturer
b) beneficiary
c) debtor
d) creditor - ANSWER-debtor
10.A Disability Income policyowner currently submitted a claim for a chronic neck hassle
that has now resulted in general disability. The authentic neck damage came about
earlier than the utility turned into taken five years earlier. The neck harm changed into by
no means disclosed to the insurer on the time of software. How will the insurer manage
this claim? - ANSWER-Claim might be paid and insurance will continue to be in
pressure
11.A disability earnings policyowner suffers a disability that's due to the equal cause as a
previous disability. Both disabilities befell inside a five-month duration. The insurer can
also cowl the second incapacity with out a brand new removal length underneath the:
a) residual disability provision
b) presumptive incapacity provision
c) recurrent disability provision
d) partial disability provision - ANSWER-recurrent disability provision
12.A group life insurance policy may be transformed to an man or woman whole existence
policy under which circumstance?
A) employment termination
b) nonpayment of premiums
c) policy reinstatement
d) lower in business enterprise revenue - ANSWER-employment termination
13.A health insurance coverage software may ONLY be altered with the written consent of
the
a) head underwriter
b) producer
c) applicant
d) insurer - ANSWER-applicant
14.A hearing must be held earlier than a manufacturer's license may be suspended or
revoked. Prior to this hearing, the Director is required to offer
a) oral observe to the manufacturer
b) written observe to the manufacturer
c) oral observe to the manufacturer's insurance company
d) written observe to the NAIC - ANSWER-written word to the producer
15.A Key Employee coverage is taken out by means of Company X on its vice president.
Ten years later, this employee leaves Company X and starts running for Company Y. If
this man or woman were to die and the coverage is still in force and unchanged, wherein
might the dying proceeds be directed? - ANSWER-Company X
16.A licensee need to entire _____ hours of persevering with education every years
a) 12
, b) sixteen
c) 20
d) 24 - ANSWER-16
17.a lifestyles coverage with a demise benefit that may vary in keeping with the
performance of its underlying investment portfolio is known as:
-Adjustable Life
-Graded-Premium Life
-Variable Life
-Modified Whole Life - ANSWER-Variable Life
18.A lengthy-time period care rider in a life coverage policy can pay a daily advantage
within the event of which of the subsequent?
A) vital illness
b) terminal infection
c) inability of the insured to perform more than 2 Activities of Daily Living (ADL's)
d) - ANSWER-Inability of the insured to perform greater than 2 Activities of Daily
Living (ADL's)
19.A hospital treatment issuer which generally offers fitness offerings at its personal nearby
clinical facility is known as a:
a) Health Maintenance Organization
b) Regional Provider
c) Multiple Employer Trust
d) Preferred Provider Organization - ANSWER-Health Maintenance Organization
20.A nondisabled man or woman is first eligible for a Medicare Supplement coverage at age
a) 60
b) 62
c) 65
d) 70 half - ANSWER-sixty five
21.A coverage of adhesion can handiest be modified with the aid of whom? - ANSWER-The
insurance company
A policyowner's rights are confined below which beneficiary designation?
A) revocable
b) tertiary
c) contingent
d) irrevocable - ANSWER-irrevocable
22.A policyowner's rights are confined beneath which beneficiary designation?
A) revocable
b) tertiary
c) contingent
d) irrevocable - ANSWER-irrevocable
23.A prepaid application for character Disability Income coverage turned into currently
submitted to an insurer. When the insurer obtained the Medical Information Bureau (MIB)
record, the document showed that the applicant had suffered a stroke 18 months ago,
some thing that become not disclosed on the application. Which of the subsequent
movements could the insurance company NOT take?
, A) ship the initial top rate returned to the applicant
b) ship a notice to the applicant that the insurance become declined
c) send a word to the MIB that the applicant became declined
d) ship a observe to the agent that the applicant changed into declined - ANSWER-Send
a notice to the MIB that the applicant turned into declined
24.A producer is circulating wrong statistics about the benefits of a policy. This producer can
be discovered guilty of
25.a) misrepresentation
26.b) sliding
27.c) boycotting
28.d) coercion - ANSWER-misrepresentation
29.A producer have to file any non-public prison fees within _____ days of a pre-trial
listening to
30.a) 10
31.b) 15
32.c) 20
33.d) 30 - ANSWER-30
34.A assertion made with the aid of an insured in an coverage software that ought to be
authentic to the pleasant of 1's knowledge and which turns into part of the contract is
referred to as - ANSWER-a representation
35.A trustee-to-trustee transfer of rollover finances in a certified plan lets in a player to
avoid:
36.a) mandatory profits tax withholding on the transfer quantity
37.b) paying transfer prices
38.c) paying trustee prices
39.d) ever paying profits taxes on the distributions - ANSWER-mandatory income tax
withholding on the transfer quantity
40.A young, married trainer has two children and owns a Whole Life policy. If the instructor
wants an growing Death Benefit to defend towards inflation, the instructor ought to select
which of the subsequent Dividend Options?
41.A) paid-up additional coverage
42.b) accumulate at hobby
43.c) reduce rates
44.d) cash - ANSWER-paid-up additional insurance
45.According to the Mandatory Uniform Policy Provisions, what's the maximum amount of
time after the top class due date throughout which the coverage stays in pressure even
though the top class has no longer been paid?
46.A) 7 days
47.b) 10 days
48.c) 31 days
49.d) 60 days - ANSWER-31 days
50.According to the Time Payment of Claims provision, the insurer must pay Disability
Income benefits no much less often than which of the subsequent alternatives?
51.A) annually
QUESTIONS AND ANSWERS
1. _______ may be described as "making an unfair comparison of two insurance rules" -
ANSWER-misrepresentation
2. _________ is the act of imparting an applicant something of fee as an inducement to
buy an coverage coverage
a) sliding
b) rebating
c) coercion
d) dubrogation - ANSWER-rebating
3. A 15-year mortgage is pleasant protected by using what type of life coverage?
A) modified whole lifestyles
b) 15-year stage time period
c) 15-year lowering time period
d) adjustable lifestyles - ANSWER-15-yr reducing term
4. A 42-year-vintage executive wants to purchase lifestyles coverage with a purpose to
permit for increases or decreases to coverage as his/her needs alternate. Which of the
following regulations will nice meet this want? - ANSWER-Universal Life
5. A sixty six 12 months-antique is included underneath a collection fitness plan at the
same time as employed with a enterprise that has 40 personnel. If she injures herself
even as on foot inside the park, what insurance could be considered number one? -
ANSWER-Her organization health plan
6. a business incapacity buyout plan coverage is designed:
as an incurred fee plan
with a totally quick Elimination duration
to pay blessings to the Corporation or different shareholders
to pay benefits to the insured's spouse - ANSWER-to pay blessings to the
Corporation or different shareholders
7. A CEO's non-public assistant suffered injuries at home and as a end result, became not
able to paintings for 4 months. Which kind of coverage can pay a monthly gain to the
non-public assistant?
A) disability profits
b) predominant scientific
c) key worker
d) commercial enterprise overhead cost - ANSWER-disability earnings
8. A complete predominant scientific health insurance policy includes an Eligible Expenses
provision which identifies the types of health care services which might be included. All
, of the subsequent health care offerings are normally included, EXCEPT for: -
ANSWER-experimental and investigative offerings
9. A credit score life insurance policy covers the lifestyles of the
a) manufacturer
b) beneficiary
c) debtor
d) creditor - ANSWER-debtor
10.A Disability Income policyowner currently submitted a claim for a chronic neck hassle
that has now resulted in general disability. The authentic neck damage came about
earlier than the utility turned into taken five years earlier. The neck harm changed into by
no means disclosed to the insurer on the time of software. How will the insurer manage
this claim? - ANSWER-Claim might be paid and insurance will continue to be in
pressure
11.A disability earnings policyowner suffers a disability that's due to the equal cause as a
previous disability. Both disabilities befell inside a five-month duration. The insurer can
also cowl the second incapacity with out a brand new removal length underneath the:
a) residual disability provision
b) presumptive incapacity provision
c) recurrent disability provision
d) partial disability provision - ANSWER-recurrent disability provision
12.A group life insurance policy may be transformed to an man or woman whole existence
policy under which circumstance?
A) employment termination
b) nonpayment of premiums
c) policy reinstatement
d) lower in business enterprise revenue - ANSWER-employment termination
13.A health insurance coverage software may ONLY be altered with the written consent of
the
a) head underwriter
b) producer
c) applicant
d) insurer - ANSWER-applicant
14.A hearing must be held earlier than a manufacturer's license may be suspended or
revoked. Prior to this hearing, the Director is required to offer
a) oral observe to the manufacturer
b) written observe to the manufacturer
c) oral observe to the manufacturer's insurance company
d) written observe to the NAIC - ANSWER-written word to the producer
15.A Key Employee coverage is taken out by means of Company X on its vice president.
Ten years later, this employee leaves Company X and starts running for Company Y. If
this man or woman were to die and the coverage is still in force and unchanged, wherein
might the dying proceeds be directed? - ANSWER-Company X
16.A licensee need to entire _____ hours of persevering with education every years
a) 12
, b) sixteen
c) 20
d) 24 - ANSWER-16
17.a lifestyles coverage with a demise benefit that may vary in keeping with the
performance of its underlying investment portfolio is known as:
-Adjustable Life
-Graded-Premium Life
-Variable Life
-Modified Whole Life - ANSWER-Variable Life
18.A lengthy-time period care rider in a life coverage policy can pay a daily advantage
within the event of which of the subsequent?
A) vital illness
b) terminal infection
c) inability of the insured to perform more than 2 Activities of Daily Living (ADL's)
d) - ANSWER-Inability of the insured to perform greater than 2 Activities of Daily
Living (ADL's)
19.A hospital treatment issuer which generally offers fitness offerings at its personal nearby
clinical facility is known as a:
a) Health Maintenance Organization
b) Regional Provider
c) Multiple Employer Trust
d) Preferred Provider Organization - ANSWER-Health Maintenance Organization
20.A nondisabled man or woman is first eligible for a Medicare Supplement coverage at age
a) 60
b) 62
c) 65
d) 70 half - ANSWER-sixty five
21.A coverage of adhesion can handiest be modified with the aid of whom? - ANSWER-The
insurance company
A policyowner's rights are confined below which beneficiary designation?
A) revocable
b) tertiary
c) contingent
d) irrevocable - ANSWER-irrevocable
22.A policyowner's rights are confined beneath which beneficiary designation?
A) revocable
b) tertiary
c) contingent
d) irrevocable - ANSWER-irrevocable
23.A prepaid application for character Disability Income coverage turned into currently
submitted to an insurer. When the insurer obtained the Medical Information Bureau (MIB)
record, the document showed that the applicant had suffered a stroke 18 months ago,
some thing that become not disclosed on the application. Which of the subsequent
movements could the insurance company NOT take?
, A) ship the initial top rate returned to the applicant
b) ship a notice to the applicant that the insurance become declined
c) send a word to the MIB that the applicant became declined
d) ship a observe to the agent that the applicant changed into declined - ANSWER-Send
a notice to the MIB that the applicant turned into declined
24.A producer is circulating wrong statistics about the benefits of a policy. This producer can
be discovered guilty of
25.a) misrepresentation
26.b) sliding
27.c) boycotting
28.d) coercion - ANSWER-misrepresentation
29.A producer have to file any non-public prison fees within _____ days of a pre-trial
listening to
30.a) 10
31.b) 15
32.c) 20
33.d) 30 - ANSWER-30
34.A assertion made with the aid of an insured in an coverage software that ought to be
authentic to the pleasant of 1's knowledge and which turns into part of the contract is
referred to as - ANSWER-a representation
35.A trustee-to-trustee transfer of rollover finances in a certified plan lets in a player to
avoid:
36.a) mandatory profits tax withholding on the transfer quantity
37.b) paying transfer prices
38.c) paying trustee prices
39.d) ever paying profits taxes on the distributions - ANSWER-mandatory income tax
withholding on the transfer quantity
40.A young, married trainer has two children and owns a Whole Life policy. If the instructor
wants an growing Death Benefit to defend towards inflation, the instructor ought to select
which of the subsequent Dividend Options?
41.A) paid-up additional coverage
42.b) accumulate at hobby
43.c) reduce rates
44.d) cash - ANSWER-paid-up additional insurance
45.According to the Mandatory Uniform Policy Provisions, what's the maximum amount of
time after the top class due date throughout which the coverage stays in pressure even
though the top class has no longer been paid?
46.A) 7 days
47.b) 10 days
48.c) 31 days
49.d) 60 days - ANSWER-31 days
50.According to the Time Payment of Claims provision, the insurer must pay Disability
Income benefits no much less often than which of the subsequent alternatives?
51.A) annually
