NH INSURANCE AGENT EXAM QUESTIONS WITH
VERIFIED ANSWERS
How are level term policies able to provide level premiums? - Answers - Premiums are
averaged over the term of the policy
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk - Answers - reduction
An organization that requires healthcare services to be provided by a network of
physicians and hospitals is known as a(n) - Answers - HMO
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be - Answers -
somewhat less
The conversion option for group term insurance may be exercised by an employee -
Answers - within 31 days of terminated employment
The free look period provided in a life insurance policy is usually ____ days - Answers -
10
Which of the following contracts offer deferred taxation, flexible payments, a guaranteed
interest rate, and death benefits equal to the cash value? - Answers - Flexible premium
fixed annuity
Which of these if NOT considered to be an activity of a daily living(ADL)? - Answers -
Driving
A single premium deferred annuity sometimes contains a bailout feature. Which
statement regarding this feature is correct? - Answers - If the interest rate falls below a
specified level, the surrender charge is waived
Which statement about group life insurance is incorrect? - Answers - Each participant
requires evidence of insurability
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? - Answers - The specified benefit amount is a percentage of
his wages
The free look period for long term care insurance policies sold in nh is ___ days. -
Answers - 30
, In a qualified retirement plan, the yearly contributions to an employee's account -
Answers - Are restricted to maximum limits set by the IRS
A guaranteed renewable provision allows - Answers - premiums which can only be
increased per rate class
Replacement regulations exist in order to - Answers - Protect policy owners from
misrepresentations and loss of benefits
Some standard Medicare Supplement policies include which benefit? - Answers -
Hospice care
A(n) _________ insurer assumes risk from another insurance company - Answers -
Reinsurance
Failure to meet the continuing education credit requirements in NH may result in -
Answers - Non-renewal of the license
Who determines worker's compensation eligibility rules? - Answers - State of NH
ABC corporation purchases and is beneficiary of an individual disability income
insurance policy on a key employee. Which of the following statements is true? -
Answers - Benefits are received tax-free by the company
Which of the following statements BEST describes a double indemnity provision in
travel accident insurance? - Answers - Benefits are doubled under certain
circumstances stated in the policy
Which statement regarding the life insurance premium for a children's rider is true? -
Answers - Premium remains the same no matter how many children
In NH, a temporary license may be issued for a period not to exceed ____ days -
Answers - 180
Individual and group health insurance typically exclude coverage for which of the
following? - Answers - Cosmetic surgery
A Medicare supplement policy is required to do which of the following? - Answers -
Provide a 30 day free-look period
What is considered a valid reason for small corporations to insure the lives of its major
stockholders? - Answers - Fund a buy-sell agreement
Accident and health insurance claim handling is made more convenient to the insured
by utilizing - Answers - Assignment of benefits
VERIFIED ANSWERS
How are level term policies able to provide level premiums? - Answers - Premiums are
averaged over the term of the policy
ABC Company is attempting to minimize the severity of potential losses within its
company. The company is engaged in risk - Answers - reduction
An organization that requires healthcare services to be provided by a network of
physicians and hospitals is known as a(n) - Answers - HMO
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be - Answers -
somewhat less
The conversion option for group term insurance may be exercised by an employee -
Answers - within 31 days of terminated employment
The free look period provided in a life insurance policy is usually ____ days - Answers -
10
Which of the following contracts offer deferred taxation, flexible payments, a guaranteed
interest rate, and death benefits equal to the cash value? - Answers - Flexible premium
fixed annuity
Which of these if NOT considered to be an activity of a daily living(ADL)? - Answers -
Driving
A single premium deferred annuity sometimes contains a bailout feature. Which
statement regarding this feature is correct? - Answers - If the interest rate falls below a
specified level, the surrender charge is waived
Which statement about group life insurance is incorrect? - Answers - Each participant
requires evidence of insurability
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? - Answers - The specified benefit amount is a percentage of
his wages
The free look period for long term care insurance policies sold in nh is ___ days. -
Answers - 30
, In a qualified retirement plan, the yearly contributions to an employee's account -
Answers - Are restricted to maximum limits set by the IRS
A guaranteed renewable provision allows - Answers - premiums which can only be
increased per rate class
Replacement regulations exist in order to - Answers - Protect policy owners from
misrepresentations and loss of benefits
Some standard Medicare Supplement policies include which benefit? - Answers -
Hospice care
A(n) _________ insurer assumes risk from another insurance company - Answers -
Reinsurance
Failure to meet the continuing education credit requirements in NH may result in -
Answers - Non-renewal of the license
Who determines worker's compensation eligibility rules? - Answers - State of NH
ABC corporation purchases and is beneficiary of an individual disability income
insurance policy on a key employee. Which of the following statements is true? -
Answers - Benefits are received tax-free by the company
Which of the following statements BEST describes a double indemnity provision in
travel accident insurance? - Answers - Benefits are doubled under certain
circumstances stated in the policy
Which statement regarding the life insurance premium for a children's rider is true? -
Answers - Premium remains the same no matter how many children
In NH, a temporary license may be issued for a period not to exceed ____ days -
Answers - 180
Individual and group health insurance typically exclude coverage for which of the
following? - Answers - Cosmetic surgery
A Medicare supplement policy is required to do which of the following? - Answers -
Provide a 30 day free-look period
What is considered a valid reason for small corporations to insure the lives of its major
stockholders? - Answers - Fund a buy-sell agreement
Accident and health insurance claim handling is made more convenient to the insured
by utilizing - Answers - Assignment of benefits
