CONNECTICUT LIFE AND HEALTH
INSURANCE Practice Exam Questions
and Correct Verified Answers Latest
Update 2025 Graded A+
1. What is the maximum period for which an insurer may exclude coverage for
a pre-existing condition under a health insurance policy in Connecticut?
A) 6 months
B) 12 months
C) 24 months
D) 36 months
Answer: C) 24 months
Explanation: Connecticut law limits the period for excluding coverage for pre-
existing conditions to 24 months.
2. In Connecticut, a policyholder has the right to return a newly issued life
insurance policy for a full refund if they are unsatisfied. This right is known as:
A) The right of rescission
B) The free-look period
C) The right of renewal
D) The grace period
Answer: B) The free-look period
Explanation: The "free-look period" allows policyholders a certain number of days
(usually 10) to review their policy and return it for a full refund if they are
dissatisfied.
3. What is the minimum number of lives required for a group health insurance
policy in Connecticut?
,A) 5
B) 10
C) 2
D) 20
,Answer: C) 2
Explanation: In Connecticut, a group health insurance policy can be issued to a
group of at least 2 individuals, often seen in small employer groups.
4. Under Connecticut law, what is the maximum number of days an insurer can
wait before sending a notice of policy renewal or non-renewal for health
insurance?
A) 30 days
B) 60 days
C) 90 days
D) 120 days
Answer: B) 60 days
Explanation: Connecticut law requires that insurers send notice of renewal or
non-renewal of health insurance policies at least 60 days before the policy’s
expiration.
5. When an insured dies, the life insurance policy proceeds are typically paid
to:
A) The policyowner
B) The beneficiary
C) The estate of the insured
D) The beneficiary, unless the estate is named
Answer: B) The beneficiary
Explanation: Life insurance proceeds are paid directly to the named beneficiary,
not to the estate unless the beneficiary is the estate itself.
6. Which of the following statements is TRUE regarding the grace period for life
insurance policies in Connecticut?
, A) The grace period is always 30 days
B) The grace period is generally 31 days
C) The grace period is typically 60 days for policies issued after 2005
D) The grace period does not apply to term life insurance policies
Answer: B) The grace period is generally 31 days
Explanation: The standard grace period for life insurance policies in Connecticut is
31 days for premium payments.
7. What is the minimum amount of life insurance coverage required by
Connecticut for a policy to be classified as “credit life insurance”?
A) $10,000
B) $20,000
C) $50,000
D) The amount equal to or less than the outstanding loan balance
Answer: D) The amount equal to or less than the outstanding loan balance
Explanation: Credit life insurance must provide coverage equal to the outstanding
balance of the loan, ensuring the loan is paid off if the borrower passes away.
8. How long is the contestability period for life insurance policies in
Connecticut?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: B) 2 years
Explanation: The contestability period for life insurance policies in Connecticut is 2
years, meaning the insurer can investigate and possibly deny claims based on
misstatements during this period.
INSURANCE Practice Exam Questions
and Correct Verified Answers Latest
Update 2025 Graded A+
1. What is the maximum period for which an insurer may exclude coverage for
a pre-existing condition under a health insurance policy in Connecticut?
A) 6 months
B) 12 months
C) 24 months
D) 36 months
Answer: C) 24 months
Explanation: Connecticut law limits the period for excluding coverage for pre-
existing conditions to 24 months.
2. In Connecticut, a policyholder has the right to return a newly issued life
insurance policy for a full refund if they are unsatisfied. This right is known as:
A) The right of rescission
B) The free-look period
C) The right of renewal
D) The grace period
Answer: B) The free-look period
Explanation: The "free-look period" allows policyholders a certain number of days
(usually 10) to review their policy and return it for a full refund if they are
dissatisfied.
3. What is the minimum number of lives required for a group health insurance
policy in Connecticut?
,A) 5
B) 10
C) 2
D) 20
,Answer: C) 2
Explanation: In Connecticut, a group health insurance policy can be issued to a
group of at least 2 individuals, often seen in small employer groups.
4. Under Connecticut law, what is the maximum number of days an insurer can
wait before sending a notice of policy renewal or non-renewal for health
insurance?
A) 30 days
B) 60 days
C) 90 days
D) 120 days
Answer: B) 60 days
Explanation: Connecticut law requires that insurers send notice of renewal or
non-renewal of health insurance policies at least 60 days before the policy’s
expiration.
5. When an insured dies, the life insurance policy proceeds are typically paid
to:
A) The policyowner
B) The beneficiary
C) The estate of the insured
D) The beneficiary, unless the estate is named
Answer: B) The beneficiary
Explanation: Life insurance proceeds are paid directly to the named beneficiary,
not to the estate unless the beneficiary is the estate itself.
6. Which of the following statements is TRUE regarding the grace period for life
insurance policies in Connecticut?
, A) The grace period is always 30 days
B) The grace period is generally 31 days
C) The grace period is typically 60 days for policies issued after 2005
D) The grace period does not apply to term life insurance policies
Answer: B) The grace period is generally 31 days
Explanation: The standard grace period for life insurance policies in Connecticut is
31 days for premium payments.
7. What is the minimum amount of life insurance coverage required by
Connecticut for a policy to be classified as “credit life insurance”?
A) $10,000
B) $20,000
C) $50,000
D) The amount equal to or less than the outstanding loan balance
Answer: D) The amount equal to or less than the outstanding loan balance
Explanation: Credit life insurance must provide coverage equal to the outstanding
balance of the loan, ensuring the loan is paid off if the borrower passes away.
8. How long is the contestability period for life insurance policies in
Connecticut?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: B) 2 years
Explanation: The contestability period for life insurance policies in Connecticut is 2
years, meaning the insurer can investigate and possibly deny claims based on
misstatements during this period.
