Idaho Life and Health Final Exam Questions and Answers (GRADED A+)

How many days is the grace period for payment of premiums in individual life insurance policies? - ANSWER-30 According to the Idaho Insurance Code, which of the following MUSt a producer do when replacing a Life Insurance policy? - ANSWER-Submit to the replacing insurer a list of all Life Insurance policies or annuity contracts proposed to be replaced. A hospital or medical expenses policy will typically cover dental treatment expenses under which circumstance? - ANSWER-Dental treatment is needed to repair an injury. An insured and the policy's beneficiary die from the same accident. The common disaster provision states the insurer will continue as if - ANSWER-The insured outlived the beneficiary. A closed network plan offers a primary physical copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - ANSWER-100% of the allowed amount. In what part of an insurance policy are policy benefits found? - ANSWER-Declarations. The Declaration page is like a quick guide to in insurance policy, providing all of the basic information the policy holder needs to know. Which of the following is NOT included in an entire contract provision? - ANSWER-Changes made by the producer. A producer's fiduciary responsibility includes which of the following activities? - ANSWER-Being responsible for all funds collected from clients.