CT Life & Health Insurance Exam
Correctly Solved Questions And
Answers {100% Correct} 2025|26
Laura added a children's rider to her life insurance policy. What type of coverage was
added? CORRECT ANSWERS Level term
With life insurance, the needs approach is used primarily in determining CORRECT
ANSWERS How much life insurance a client should apply for
A(n) __________ is a licensee who charges a fee for contracted insurance advisory
services. CORRECT ANSWERS Consultant
Jonas is covered with disability insurance through his employer. The employer pays
75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any
benefits paid from the disability plan? CORRECT ANSWERS Taxes must be paid on
75% of the benefits received
The Commissioner is empowered to perform each of the following acts EXCEPT
CORRECT ANSWERS Makes rules that are consistent with those of neighboring states
(Monitor insurer solvency, make rules and regulations that are consistent with the laws
of CT, monitor insurer premium rates)
How are the premiums for an individually-owned disability income policy treated for tax
purposes? CORRECT ANSWERS Not tax-deductible at all
Scott has a life insurance policy in which the dividends are left with the insurance
company. This particular policy may be paid up when the cash value plus accumulated
dividends CORRECT ANSWERS Equal the net single premium for the same face
amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies sold in
Connecticut? CORRECT ANSWERS Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage for 12
consecutive months)
Accident and health insurance claim handling is made more convenient to the insured
by utilizing CORRECT ANSWERS Assignment of benefits
Specialty care is provided by which of the following health maintenance organization
(HMO) providers? CORRECT ANSWERS Neurologist
,Which of the following facilitates nonresident licensing in the state of Connecticut?
CORRECT ANSWERS Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut, an
insurance company must secure a certificate of authority from CORRECT ANSWERS
The Connecticut Insurance Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n)
CORRECT ANSWERS Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally CORRECT
ANSWERS Covered with term life insurance
Which statement regarding whole life insurance is accurate? CORRECT ANSWERS
Insurance coverage can continue for life
All of these are considered to be a violation of the Federal Fraud and False Statements
Act EXCEPT CORRECT ANSWERS Claims reimbursement
(Overvaluing land, abstracting funds, false entries on reports)
A comprehensive major medical health insurance policy contains an Eligible Expenses
provision which identifies the types of health care services that are covered. All of the
following health care services are typically covered EXCEPT for CORRECT ANSWERS
Experimental and investigative services
(Hospital charges, physician fees, nursing services)
An employee welfare plan exempt from ERISA regulations would be CORRECT
ANSWERS Church plans
Medicare Part B excess charges are covered by CORRECT ANSWERS Medicare
Supplemental insurance
A major medical expense policy typically does NOT CORRECT ANSWERS Pay
surgeon fees on a first-dollar basis
(Contain a deductible, have a high limit of coverage, contain a coinsurance provision)
Mary has a Health Savings Account (HSA). Distributions that she has made for anything
other than qualified medical expenses are considered taxable and subject to a penalty
of CORRECT ANSWERS 20%
Under an adjustable life insurance policy, which of the following may NOT be changed
without further underwriting? CORRECT ANSWERS The person insured
, (The period of coverage, the payment period, the plan of coverage)
When a producer acts within the scope of his/her contractual authority, which of the
following is legally responsible for these actions? CORRECT ANSWERS The insurer
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before CORRECT ANSWERS Bringing
legal action against the insurer
During the sale of a life insurance policy, a producer may provide an incomplete
illustration CORRECT ANSWERS Never
Taking a sum of money and decreasing it in size is called CORRECT ANSWERS
Capital liquidation
In Connecticut, continuing education courses must be approved by the CORRECT
ANSWERS Commissioner
In regards to the Affordable Care Act (ACA), which of these is NOT a role of a health
insurance exchange? CORRECT ANSWERS Contact the employer if an employee
stops coverage under a plan offered in the exchange
(Offer individual, unique formats for consumers to evaluate different health plan options,
certify that a health plan is qualified to be offered on the exchange, resolve and verify an
applicant's inconsistent or incomplete information)
What type of risk involves the potential for loss AND the possibility for gain? CORRECT
ANSWERS Speculative
How long does one premium payment cover a single premium whole life policy?
CORRECT ANSWERS Full life of the policy
Mentally or physically handicapped dependent children MUST be covered under an
individual health insurance policy CORRECT ANSWERS Until they become self-
supporting
Respite Care coverage is typically found in a(n) CORRECT ANSWERS Long Term
Care policy
What happens to the cash value of a market value adjusted annuity if it's surrendered
prior to the end of the stated guarantee period? CORRECT ANSWERS Subject to
market value adjustment
Correctly Solved Questions And
Answers {100% Correct} 2025|26
Laura added a children's rider to her life insurance policy. What type of coverage was
added? CORRECT ANSWERS Level term
With life insurance, the needs approach is used primarily in determining CORRECT
ANSWERS How much life insurance a client should apply for
A(n) __________ is a licensee who charges a fee for contracted insurance advisory
services. CORRECT ANSWERS Consultant
Jonas is covered with disability insurance through his employer. The employer pays
75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any
benefits paid from the disability plan? CORRECT ANSWERS Taxes must be paid on
75% of the benefits received
The Commissioner is empowered to perform each of the following acts EXCEPT
CORRECT ANSWERS Makes rules that are consistent with those of neighboring states
(Monitor insurer solvency, make rules and regulations that are consistent with the laws
of CT, monitor insurer premium rates)
How are the premiums for an individually-owned disability income policy treated for tax
purposes? CORRECT ANSWERS Not tax-deductible at all
Scott has a life insurance policy in which the dividends are left with the insurance
company. This particular policy may be paid up when the cash value plus accumulated
dividends CORRECT ANSWERS Equal the net single premium for the same face
amount at the insured's attained age
Which of these is NOT a standard provision in qualified long-term care policies sold in
Connecticut? CORRECT ANSWERS Prior hospitalization
(30-day free look period, guaranteed renewability, provide minimum coverage for 12
consecutive months)
Accident and health insurance claim handling is made more convenient to the insured
by utilizing CORRECT ANSWERS Assignment of benefits
Specialty care is provided by which of the following health maintenance organization
(HMO) providers? CORRECT ANSWERS Neurologist
,Which of the following facilitates nonresident licensing in the state of Connecticut?
CORRECT ANSWERS Reciprocity agreement
To secure authority for soliciting insurance products in the State of Connecticut, an
insurance company must secure a certificate of authority from CORRECT ANSWERS
The Connecticut Insurance Commissioner
A group health certificate for coverage issued in Connecticut MUST contain a(n)
CORRECT ANSWERS Summary of policy features and benefits
Any employee insured under a group life insurance plan is normally CORRECT
ANSWERS Covered with term life insurance
Which statement regarding whole life insurance is accurate? CORRECT ANSWERS
Insurance coverage can continue for life
All of these are considered to be a violation of the Federal Fraud and False Statements
Act EXCEPT CORRECT ANSWERS Claims reimbursement
(Overvaluing land, abstracting funds, false entries on reports)
A comprehensive major medical health insurance policy contains an Eligible Expenses
provision which identifies the types of health care services that are covered. All of the
following health care services are typically covered EXCEPT for CORRECT ANSWERS
Experimental and investigative services
(Hospital charges, physician fees, nursing services)
An employee welfare plan exempt from ERISA regulations would be CORRECT
ANSWERS Church plans
Medicare Part B excess charges are covered by CORRECT ANSWERS Medicare
Supplemental insurance
A major medical expense policy typically does NOT CORRECT ANSWERS Pay
surgeon fees on a first-dollar basis
(Contain a deductible, have a high limit of coverage, contain a coinsurance provision)
Mary has a Health Savings Account (HSA). Distributions that she has made for anything
other than qualified medical expenses are considered taxable and subject to a penalty
of CORRECT ANSWERS 20%
Under an adjustable life insurance policy, which of the following may NOT be changed
without further underwriting? CORRECT ANSWERS The person insured
, (The period of coverage, the payment period, the plan of coverage)
When a producer acts within the scope of his/her contractual authority, which of the
following is legally responsible for these actions? CORRECT ANSWERS The insurer
An accident and health insurer has just received written proof of loss from one of its
insureds. The insured must now wait 60 days before CORRECT ANSWERS Bringing
legal action against the insurer
During the sale of a life insurance policy, a producer may provide an incomplete
illustration CORRECT ANSWERS Never
Taking a sum of money and decreasing it in size is called CORRECT ANSWERS
Capital liquidation
In Connecticut, continuing education courses must be approved by the CORRECT
ANSWERS Commissioner
In regards to the Affordable Care Act (ACA), which of these is NOT a role of a health
insurance exchange? CORRECT ANSWERS Contact the employer if an employee
stops coverage under a plan offered in the exchange
(Offer individual, unique formats for consumers to evaluate different health plan options,
certify that a health plan is qualified to be offered on the exchange, resolve and verify an
applicant's inconsistent or incomplete information)
What type of risk involves the potential for loss AND the possibility for gain? CORRECT
ANSWERS Speculative
How long does one premium payment cover a single premium whole life policy?
CORRECT ANSWERS Full life of the policy
Mentally or physically handicapped dependent children MUST be covered under an
individual health insurance policy CORRECT ANSWERS Until they become self-
supporting
Respite Care coverage is typically found in a(n) CORRECT ANSWERS Long Term
Care policy
What happens to the cash value of a market value adjusted annuity if it's surrendered
prior to the end of the stated guarantee period? CORRECT ANSWERS Subject to
market value adjustment
