Life and Health Certification Exam Questions and Answers Rated A+

Life and Health Certification Exam Questions and Answers Rated A+ Which of the following types of insurance riders is not based on term life insurance? Waiver of premium At what point after the effective date of an accident and health insurance policy does it become incontestable? 2 years All of the following groups may contract with PPOs exctpt Government programs under a long-term care insurance policy, the level of care that is mainly necessary for the purpose of meeting daily living requirements is called: Custodial care social security defines disability as the inability to engage the duties of any occupation a life insurance buyer's guide can be used for all of the following uses except comparison of the cost of similar policies all of the following are considered service providers except a commercial insurance company an agent attends a continuing education course offering 12 hours of credit before the course is approved by the commissioner. in this case, the agent will receive no credit for the course, because courses must be approved before study begins PPO preferred provider organization ( HMO health maintenance organization (cheaper - less options) All of the following are duties of the commissioner EXCEPT writing the Washington insurance laws Who investigates claims on behalf of the insurer or the insured? An Adjuster Which of the following sales of insurance is subject to replacement regulations? Sale of new individual life insurance policy that causes an existing life insurance policy to be surrendered. a lapsed life insurance policy may be reinstated Within 30 days after the grace period expires policies classified as non-occupational normally provide coverage for losses due to sickness or accidents that are not work-related. a guaranteed insurability rider normally provides that between ages 25 and 40, additional life insurance may be purchased without proof of insurability whenever the policyowner wishes when a health maintenance organization chooses a limited number of health care providers to provide services to its subscribers, this is known as A Gatekeeper system Which of the following correctly describes Medicaid? It provides medical benefits for certain low-income people all of the following are required provisions in health care insurance policies EXCEPT Change of occupation An insurer that is incorporated and operates in the same state with which it is organized is called Domestic Money taken out of a modified endowment contract (MEC). Subject to unfavorable tax rules Exclusive or Captive Agents represent the insurance company When an insured has a major medical plan with first dollar coverage, this means no deductible applies Restoration of a lapsed policy as it was originally purchased is known as Reinstatement All of the following would likely be eligible for group health insurance EXCEPT all the uninsured residents of a nursing home in noncontributory group health plans, how many eligible employees must be covered by the plan? 100% Sherwood has no valid will but has named his estate as the beneficiary of his life insurance policy. As a result, he can expect that the policy proceeds