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LIFE, ACCIDENT AND HEALTH
INSURANCE STATE EXAM BRAND NEW
OFFICIAL QUESTIONS WITH ANSWERS.
Which of the following is a a method of determining the level of
funds required for ongoing support in the event of the
breadwinner's death - correct answer -human life value
Which is not a factor that determines insurance life premium -
correct answer -liquidity
A whole life insurance policy accumulates cash value that
becomes - correct answer -the policy loan value which the insured
may borrow against
How are health plans classified according to the affordable care
act - correct answer -bronze, silver, gold, platinum
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An individual most likely will have an insurable interest in insuring
a persons life if - correct answer -an economic interest exists for
the continuance of the insureds life
Loans obtained by a policyowner against the cash value of a life
insurance policy
Are treated as taxable income
Would not be treated as taxable income
Are limited by the face amount of the policy
Would be subject to a Federal estate tax - correct answer -would
not be treated as taxable income
Fixed annuities provide all of the following EXCEPT - correct
answer -hedge against inflation
Which of the following is not typically included under "hospital
care" for most health insuring corporation plans? - correct answer
-private duty nursing
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Under the subrogation clause, legal action can be taken by the
insurer against the - correct answer -responsible third party
Which of the following pertains to the analysis of an applicants
perusal info and determine whether insurance should be issued or
declinded - correct answer -underwriting
A policy owner may change two policy features on what type of
life insurance - correct answer -adjustable life
A health insurance policy that allows an insurer to change the
policy owners premiums but not cancel the policy is called -
correct answer -guaranteed renewable policy
The fair credit and reporting act's main purpose is to - correct
answer -protect consumers w guidelines regarding credit
reporting and distribution
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Which of these gaps in Medicare coverage is addressed with
Medicare Supplemental Insurance? - correct answer -medicare
in-hospital deductible
A company that is authorized by superintendent to transact
insurance business in ohio is called - correct answer -authorized
insurer
Which of the following is not an example of utilization review -
correct answer -ongoing inspection of accident prone individuals
The federal employees benefit program consists of two types of
health plans for federal civilian employees. The two plans are fe-
for-sercive and - correct answer -prepaid
What will the beneficiary receive if an annuitant dies during the
accumulation period? - correct answer -the greater of the
accumulated cash value or the total premium paid
What would happen if a life insurance applicant is given a
conditional receipt form an insurance agent and then diest the
LIFE, ACCIDENT AND HEALTH
INSURANCE STATE EXAM BRAND NEW
OFFICIAL QUESTIONS WITH ANSWERS.
Which of the following is a a method of determining the level of
funds required for ongoing support in the event of the
breadwinner's death - correct answer -human life value
Which is not a factor that determines insurance life premium -
correct answer -liquidity
A whole life insurance policy accumulates cash value that
becomes - correct answer -the policy loan value which the insured
may borrow against
How are health plans classified according to the affordable care
act - correct answer -bronze, silver, gold, platinum
, Page | 2
An individual most likely will have an insurable interest in insuring
a persons life if - correct answer -an economic interest exists for
the continuance of the insureds life
Loans obtained by a policyowner against the cash value of a life
insurance policy
Are treated as taxable income
Would not be treated as taxable income
Are limited by the face amount of the policy
Would be subject to a Federal estate tax - correct answer -would
not be treated as taxable income
Fixed annuities provide all of the following EXCEPT - correct
answer -hedge against inflation
Which of the following is not typically included under "hospital
care" for most health insuring corporation plans? - correct answer
-private duty nursing
, Page | 3
Under the subrogation clause, legal action can be taken by the
insurer against the - correct answer -responsible third party
Which of the following pertains to the analysis of an applicants
perusal info and determine whether insurance should be issued or
declinded - correct answer -underwriting
A policy owner may change two policy features on what type of
life insurance - correct answer -adjustable life
A health insurance policy that allows an insurer to change the
policy owners premiums but not cancel the policy is called -
correct answer -guaranteed renewable policy
The fair credit and reporting act's main purpose is to - correct
answer -protect consumers w guidelines regarding credit
reporting and distribution
, Page | 4
Which of these gaps in Medicare coverage is addressed with
Medicare Supplemental Insurance? - correct answer -medicare
in-hospital deductible
A company that is authorized by superintendent to transact
insurance business in ohio is called - correct answer -authorized
insurer
Which of the following is not an example of utilization review -
correct answer -ongoing inspection of accident prone individuals
The federal employees benefit program consists of two types of
health plans for federal civilian employees. The two plans are fe-
for-sercive and - correct answer -prepaid
What will the beneficiary receive if an annuitant dies during the
accumulation period? - correct answer -the greater of the
accumulated cash value or the total premium paid
What would happen if a life insurance applicant is given a
conditional receipt form an insurance agent and then diest the
