S-215 EXAM SCRIPT 2026 QUESTIONS AND
ANSWERS FULLY VERIFIED STUDY GUIDE
⩥ Hospital Indemnity policy. Answer: pays a benefit for each day the
insured is in a hospital
⩥ purpose of HMO. Answer: early detection through regular check-ups
⩥ 24 months. Answer: this provision allows the insurance company to
limit the insurance benefits to his or her average income over the last
how many months?
⩥ applicant. Answer: Who must initial the changes on a policy?
⩥ Insuring clause. Answer: company promise to pay
⩥ paid-up addition option. Answer: allows the insured to purchase a
smaller amount of insurance the same type of insurance policy
⩥ 90 days. Answer: proof of loss, under a health policy, must be
submitted within how many days?
, ⩥ Insuring clause. Answer: the section of a health policy that states the
causes of eligible loss under which an insured is assumed to be disabled
⩥ insurers executive officer. Answer: who has the authority to make
changes to an insurance policy
⩥ option B. Answer: under this option the death benefit includes the
annual increase in cash value so the death benefit gradually increases
each year by the amount that the cash value increases
⩥ Elimination period. Answer: waiting to receive benefits
⩥ tax deductible. Answer: the premiums paid by the employer in a
business life insurance policy are?
⩥ Collateral assignment. Answer: the transfer of some or all of the death
benefits of the policy to a creditor as security for a loan this does not
give the Creditor the rights of ownership
⩥ average age. Answer: the premiums on a joint life policy are based off
of what
⩥ renewal provision. Answer: the insurers and the insured's right to
cancel or renew coverage
ANSWERS FULLY VERIFIED STUDY GUIDE
⩥ Hospital Indemnity policy. Answer: pays a benefit for each day the
insured is in a hospital
⩥ purpose of HMO. Answer: early detection through regular check-ups
⩥ 24 months. Answer: this provision allows the insurance company to
limit the insurance benefits to his or her average income over the last
how many months?
⩥ applicant. Answer: Who must initial the changes on a policy?
⩥ Insuring clause. Answer: company promise to pay
⩥ paid-up addition option. Answer: allows the insured to purchase a
smaller amount of insurance the same type of insurance policy
⩥ 90 days. Answer: proof of loss, under a health policy, must be
submitted within how many days?
, ⩥ Insuring clause. Answer: the section of a health policy that states the
causes of eligible loss under which an insured is assumed to be disabled
⩥ insurers executive officer. Answer: who has the authority to make
changes to an insurance policy
⩥ option B. Answer: under this option the death benefit includes the
annual increase in cash value so the death benefit gradually increases
each year by the amount that the cash value increases
⩥ Elimination period. Answer: waiting to receive benefits
⩥ tax deductible. Answer: the premiums paid by the employer in a
business life insurance policy are?
⩥ Collateral assignment. Answer: the transfer of some or all of the death
benefits of the policy to a creditor as security for a loan this does not
give the Creditor the rights of ownership
⩥ average age. Answer: the premiums on a joint life policy are based off
of what
⩥ renewal provision. Answer: the insurers and the insured's right to
cancel or renew coverage
