kentucky Life and health
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
1. Misrepresentation Making, issuing or circu-
lating any estimate, illus-
misrepresentation tration, circular, or state-
ment that distorts the
terms of any policy is pro-
hibited and defined a
2. Certificate of Authority What a Commissioner can
issue, evidencing the au-
thority of an insurer to
transact insurance in this
state
3. Recurrent Disability When an insured has the
same disability within a
specified time period and
the insurance company
provides the same bene-
fits without a new waiting
period, the second dis-
ability is covered under
this
4. Prescription Drug Benefits Provides comprehensive
insurance coverage
5. Industrial life insurance is a form of life insurance $3,000 or less
written under policies having a face value amount of
6. Best describes the intent of a Coinsurance clause in a discourages overutilliza-
major medical policy tion of the insurance cov-
erage
www.stuvia.com
, kentucky Life and health
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
7. NOT required when an insurance company requests Consent of the agent
an inspection report
8. Insurer and Employer Parties directly involved
in a group accident and
health insurance contract
9. When determining the accumulation value of a de- Withdrawals and expens-
ferred annuity, the total is calculated by taking the pre- es
miums paid plus interest, and then subtracting the:
10. Statements contained in advertisements with respect Prohibited under state late
to the business of insurance which are untrue, decep-
tive, or misleading are:
11. Medical Information Bureau consists of members insurance companies
from which group?
12. Defamation A statement that is false or
maliciously critical of the
financial condition of an
insurer
13. Medicare Part B excess charges are covered by: Medicare supplements
14. Maximum period of time for which a person can hold 180 days
a temporary license?
15. An agent is required to register with FINRA in order to Variable Life
sell?
16. This rider cannot increase the death benefit amount Waiver of Premium
17.
www.stuvia.com
, kentucky Life and health
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
Producer is not responsible to provide this, when de- A conditional receipt. That
livering an insurance policy is normally given prior to
policy being issued.
18. Is NOT an Unfair Claim Settlement Practice Providing claim payments
to insureds accompanied
by a statement setting
forth the coverage under
which payment is made
19. A signed good health statement would be collected by Policy Delivery
a life producer at the time of:
20. The Commissioner of Insurance is: Appointed by the gover-
nor
21. What does Medicare Parts A and B cover? Part A covers hospitaliza-
tion; Part B covers doctor's
services
22. An insurable risk requires: That the chance of loss be
measurable
23. In an insurance contract, the insurer is the only party Unilateral
who makes a legally enforceable promise. What kind
of contract is this?
24. To avoid having to take another examination, an 12 months from the due
agent who allows his license to lapse must reinstate date of the renewal fee
the license within
25. A person who commits insurance fraud is guilty of a $300 or less
misdemeanor if the claim, benefit, or money involved
in the illegal activity is:
www.stuvia.com
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
1. Misrepresentation Making, issuing or circu-
lating any estimate, illus-
misrepresentation tration, circular, or state-
ment that distorts the
terms of any policy is pro-
hibited and defined a
2. Certificate of Authority What a Commissioner can
issue, evidencing the au-
thority of an insurer to
transact insurance in this
state
3. Recurrent Disability When an insured has the
same disability within a
specified time period and
the insurance company
provides the same bene-
fits without a new waiting
period, the second dis-
ability is covered under
this
4. Prescription Drug Benefits Provides comprehensive
insurance coverage
5. Industrial life insurance is a form of life insurance $3,000 or less
written under policies having a face value amount of
6. Best describes the intent of a Coinsurance clause in a discourages overutilliza-
major medical policy tion of the insurance cov-
erage
www.stuvia.com
, kentucky Life and health
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
7. NOT required when an insurance company requests Consent of the agent
an inspection report
8. Insurer and Employer Parties directly involved
in a group accident and
health insurance contract
9. When determining the accumulation value of a de- Withdrawals and expens-
ferred annuity, the total is calculated by taking the pre- es
miums paid plus interest, and then subtracting the:
10. Statements contained in advertisements with respect Prohibited under state late
to the business of insurance which are untrue, decep-
tive, or misleading are:
11. Medical Information Bureau consists of members insurance companies
from which group?
12. Defamation A statement that is false or
maliciously critical of the
financial condition of an
insurer
13. Medicare Part B excess charges are covered by: Medicare supplements
14. Maximum period of time for which a person can hold 180 days
a temporary license?
15. An agent is required to register with FINRA in order to Variable Life
sell?
16. This rider cannot increase the death benefit amount Waiver of Premium
17.
www.stuvia.com
, kentucky Life and health
kentucky state
Life and healthexam simulator
state exam #1: 2024
simulator 1 2025
Study online at https://quizlet.com/_ezso8d
Producer is not responsible to provide this, when de- A conditional receipt. That
livering an insurance policy is normally given prior to
policy being issued.
18. Is NOT an Unfair Claim Settlement Practice Providing claim payments
to insureds accompanied
by a statement setting
forth the coverage under
which payment is made
19. A signed good health statement would be collected by Policy Delivery
a life producer at the time of:
20. The Commissioner of Insurance is: Appointed by the gover-
nor
21. What does Medicare Parts A and B cover? Part A covers hospitaliza-
tion; Part B covers doctor's
services
22. An insurable risk requires: That the chance of loss be
measurable
23. In an insurance contract, the insurer is the only party Unilateral
who makes a legally enforceable promise. What kind
of contract is this?
24. To avoid having to take another examination, an 12 months from the due
agent who allows his license to lapse must reinstate date of the renewal fee
the license within
25. A person who commits insurance fraud is guilty of a $300 or less
misdemeanor if the claim, benefit, or money involved
in the illegal activity is:
www.stuvia.com
