DC laws and rules pertinent to insurance -
Chapter 8 (Health) Exam Questions with
Revised Answers () 100%
Guarantee Pass.
An example of rebating would be - CORRECT ANSWERS offering a client something of value not
stated in the contract in exchange for their business
in the district of columbia, monthly premium health insurance policies must provide a grace period of at
least - CORRECT ANSWERS 10 days
in dc, an insurer licensed to conduct business in dc, but domiciled in new jersey, is called a(n) - CORRECT
ANSWERS foreign company
A license may be denied, suspended, or revoked if the licensee - CORRECT ANSWERS found
guilty of misrepresentation in obtaining the license
Within _____ days after policy delivery, both Medicare Supplement and Long-Term Care policies can be
returned for a 100% premium refund - CORRECT ANSWERS 30
Which of the following is a requirement to attain a nonresident producer license - CORRECT ANSWERS
be licensed as a producer in the producer's state of domicile
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years later, the
company discovered W's true age at issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death claim? - CORRECT ANSWERS
the proceeds would be reduced based on whatever the premium would have been if purchased at age
59
what is the purpose of the District of Columbia life and health insurance guaranty association - CORRECT
ANSWERS ensures that claims filed against insolvent insurance companies will be paid
michael the insurance producer acts in a fiduciary capacity when conducting business with all of these
principals except - CORRECT ANSWERS the commissioner
When a Medicare Supplement insurance policy is delivered, disclosure standards require that a(n) ___ of
coverage be provided to the insured - CORRECT ANSWERS outline
how long must all health plans initially provide coverage on newborn children - CORRECT ANSWERS
31 days
, Convincing a prospective insured to buy an insurance policy based on exaggerations is called - CORRECT
ANSWERS misrepresentation
Stock Insurance Company - CORRECT ANSWERS is owned exclusively by its shareholders
coverage for credit insurance begins - CORRECT ANSWERS when the debtor becomes
obligated to the creditor
group life policies in DC are required to contain a conversion privilege that allows for conversion -
CORRECT ANSWERS to an individual policy for a stated period of time
An example of an unfair claims settlement practice is - CORRECT ANSWERS turning down a
claim without providing the basis of denial
Under a Long Term Care policy, which of the following is considered an activity of daily living - CORRECT
ANSWERS dressing
___ is the act of replacing existing life insurance with a new life policy based upon misrepresentation -
CORRECT ANSWERS twisting
during the course of a medicare supplement sale, T the agent determines there is an existing policy
being replaced. which of these actions is T NOT required to perform - CORRECT ANSWERS
notify the replaced insurance company
which of the following is NOT considered rebating - CORRECT ANSWERS sharing commissions
with a producer licensed in the same line of business
a ___ ______ is the signed document that starts the free-look period - CORRECT ANSWERS
delivery receipt
T is an employee covered under a Group Life policy. If T's employment is terminated, the conversion
privilege gives T the right to convert - CORRECT ANSWERS to an individual policy upon
employment termination
the waiting period for a pre-exisiting condition under a medicare supplement policy may not go beyond
- CORRECT ANSWERS 6 months
which of these is a requirement for obtaining a resident insurance producer license in this state -
CORRECT ANSWERS completing a prelicensing examiniation
A producer selling Medicare supplement policies must provide every applicant with a(n) - CORRECT
ANSWERS suitability form
a french insurance company conducting business in the district of columbia would be known in the
district of columbia as a(n) - CORRECT ANSWERS alien company
the district of columbia requires that an insurance producer must complete ___ hours of continuing
education every 24 months - CORRECT ANSWERS 24 hours
Chapter 8 (Health) Exam Questions with
Revised Answers () 100%
Guarantee Pass.
An example of rebating would be - CORRECT ANSWERS offering a client something of value not
stated in the contract in exchange for their business
in the district of columbia, monthly premium health insurance policies must provide a grace period of at
least - CORRECT ANSWERS 10 days
in dc, an insurer licensed to conduct business in dc, but domiciled in new jersey, is called a(n) - CORRECT
ANSWERS foreign company
A license may be denied, suspended, or revoked if the licensee - CORRECT ANSWERS found
guilty of misrepresentation in obtaining the license
Within _____ days after policy delivery, both Medicare Supplement and Long-Term Care policies can be
returned for a 100% premium refund - CORRECT ANSWERS 30
Which of the following is a requirement to attain a nonresident producer license - CORRECT ANSWERS
be licensed as a producer in the producer's state of domicile
W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years later, the
company discovered W's true age at issue had been 59. What would the normal procedure be under the
misstatement of age provision in regard to the payment of the death claim? - CORRECT ANSWERS
the proceeds would be reduced based on whatever the premium would have been if purchased at age
59
what is the purpose of the District of Columbia life and health insurance guaranty association - CORRECT
ANSWERS ensures that claims filed against insolvent insurance companies will be paid
michael the insurance producer acts in a fiduciary capacity when conducting business with all of these
principals except - CORRECT ANSWERS the commissioner
When a Medicare Supplement insurance policy is delivered, disclosure standards require that a(n) ___ of
coverage be provided to the insured - CORRECT ANSWERS outline
how long must all health plans initially provide coverage on newborn children - CORRECT ANSWERS
31 days
, Convincing a prospective insured to buy an insurance policy based on exaggerations is called - CORRECT
ANSWERS misrepresentation
Stock Insurance Company - CORRECT ANSWERS is owned exclusively by its shareholders
coverage for credit insurance begins - CORRECT ANSWERS when the debtor becomes
obligated to the creditor
group life policies in DC are required to contain a conversion privilege that allows for conversion -
CORRECT ANSWERS to an individual policy for a stated period of time
An example of an unfair claims settlement practice is - CORRECT ANSWERS turning down a
claim without providing the basis of denial
Under a Long Term Care policy, which of the following is considered an activity of daily living - CORRECT
ANSWERS dressing
___ is the act of replacing existing life insurance with a new life policy based upon misrepresentation -
CORRECT ANSWERS twisting
during the course of a medicare supplement sale, T the agent determines there is an existing policy
being replaced. which of these actions is T NOT required to perform - CORRECT ANSWERS
notify the replaced insurance company
which of the following is NOT considered rebating - CORRECT ANSWERS sharing commissions
with a producer licensed in the same line of business
a ___ ______ is the signed document that starts the free-look period - CORRECT ANSWERS
delivery receipt
T is an employee covered under a Group Life policy. If T's employment is terminated, the conversion
privilege gives T the right to convert - CORRECT ANSWERS to an individual policy upon
employment termination
the waiting period for a pre-exisiting condition under a medicare supplement policy may not go beyond
- CORRECT ANSWERS 6 months
which of these is a requirement for obtaining a resident insurance producer license in this state -
CORRECT ANSWERS completing a prelicensing examiniation
A producer selling Medicare supplement policies must provide every applicant with a(n) - CORRECT
ANSWERS suitability form
a french insurance company conducting business in the district of columbia would be known in the
district of columbia as a(n) - CORRECT ANSWERS alien company
the district of columbia requires that an insurance producer must complete ___ hours of continuing
education every 24 months - CORRECT ANSWERS 24 hours
