Kansas Life & Health Insurance Final
Exam
A certificate of authority does which of the subsequent - ANS-Permits an coverage employer to
transact commercial enterprise in Kansas
A disability elimination duration is nice described as a - ANS-time deductible
A Disability Income policyowner lately submitted a claim for a chronic neck hassle that has now
ended in total disability. The original neck harm came about earlier than the application become
taken 5 years previous. The neck harm was never disclosed to the insurer at the time of
application. How will the insurer deal with this claim? - ANS-Claim may be paid and coverage
will remain in force
A Disability Income policyowner suffers a disability which was due to the equal motive as a
previous disability. Both disabilities occurred within a five-month period. The insurer may also
cowl the second one incapacity with out a brand new elimination duration below the -
ANS-Recurrent incapacity provision
A Key Employee coverage is taken out by Company X on its vice president. Ten years later, this
worker leaves Company X and starts operating for Company Y. If this person have been to die
and the coverage is still in force and unchanged, where would the loss of life proceeds be
directed? - ANS-Company X
A lifestyles coverage application must be signed by using all of these EXCEPT -
ANS-Beneficiaries are not required to sign an insurance utility
A lifestyles policy with a death advantage which could vary according to the overall performance
of its underlying investment portfolio is called - ANS-Variable lifestyles
A medical care company which commonly promises health services at its very own
neighborhood medical facility is known as a - ANS-Health renovation company
A noncontributory organization term existence plan is characterised by means of - ANS-the
complete cost of the plan is paid for via the agency
A man or woman who is insured inside a group settlement could be given a - ANS-certificates
, A producer is an man or woman who has been authorized by an insurer to be its consultant and
to perform all of the following acts EXCEPT - ANS-authorize charge of certain claims
A inventory insurance corporation is owned via it's - ANS-Stockholder
According to the Time Payment of Claims provision, the insurer need to pay Disability Income
blessings no much less often than which of the subsequent options? - ANS-Monthly
All of the subsequent statements about Major Medical benefits are genuine EXCEPT -
ANS-Benefits have no maximum restriction
All of these insurance products require an agent to have right FINRA securities registration in
order to sell them EXCEPT for - ANS-Modified entire existence
All students attending a huge college might be covered via - ANS-Blanket policy
An applicant for a resident insurance manufacturer's license MUST meet which of the
subsequent requirements? - ANS-Complete a prelicensing exam
An applicant's medical information obtained from the Medical Information Bureau (MIB) can be
supplied to the - ANS-Applicant's doctor
An person who purchases a Life annuity is given safety against - ANS-The threat of living longer
than predicted
An insurance applicant MUST be knowledgeable of an investigation concerning his/her
reputation and man or woman in keeping with the - ANS-Fair credit score reporting act
An coverage company can commonly contest the data contained in an accident and fitness
software for two years from the date that the - ANS-coverage organisation dates the policy
An insurance company that has no longer been authorised through the state is taken into
consideration to be - ANS-Unauthorized
An insurance company this is organized or chartered in a country apart from the US is
described as - ANS-Alien
An insured blanketed by means of a set Major Medical plan is hospitalized after maintaining
accidents that resulted from an car accident. Assuming the plan had a $1,000 deductible and an
80/20 Coinsurance clause, how tons will the INSURED be responsible to pay with $eleven,000
in covered clinical costs - ANS-$three,000
At what point must a life insurance applicant be knowledgeable in their rights that fall beneath
the Fair Credit Reporting Act? - ANS-Upon finishing touch of the application
Exam
A certificate of authority does which of the subsequent - ANS-Permits an coverage employer to
transact commercial enterprise in Kansas
A disability elimination duration is nice described as a - ANS-time deductible
A Disability Income policyowner lately submitted a claim for a chronic neck hassle that has now
ended in total disability. The original neck harm came about earlier than the application become
taken 5 years previous. The neck harm was never disclosed to the insurer at the time of
application. How will the insurer deal with this claim? - ANS-Claim may be paid and coverage
will remain in force
A Disability Income policyowner suffers a disability which was due to the equal motive as a
previous disability. Both disabilities occurred within a five-month period. The insurer may also
cowl the second one incapacity with out a brand new elimination duration below the -
ANS-Recurrent incapacity provision
A Key Employee coverage is taken out by Company X on its vice president. Ten years later, this
worker leaves Company X and starts operating for Company Y. If this person have been to die
and the coverage is still in force and unchanged, where would the loss of life proceeds be
directed? - ANS-Company X
A lifestyles coverage application must be signed by using all of these EXCEPT -
ANS-Beneficiaries are not required to sign an insurance utility
A lifestyles policy with a death advantage which could vary according to the overall performance
of its underlying investment portfolio is called - ANS-Variable lifestyles
A medical care company which commonly promises health services at its very own
neighborhood medical facility is known as a - ANS-Health renovation company
A noncontributory organization term existence plan is characterised by means of - ANS-the
complete cost of the plan is paid for via the agency
A man or woman who is insured inside a group settlement could be given a - ANS-certificates
, A producer is an man or woman who has been authorized by an insurer to be its consultant and
to perform all of the following acts EXCEPT - ANS-authorize charge of certain claims
A inventory insurance corporation is owned via it's - ANS-Stockholder
According to the Time Payment of Claims provision, the insurer need to pay Disability Income
blessings no much less often than which of the subsequent options? - ANS-Monthly
All of the subsequent statements about Major Medical benefits are genuine EXCEPT -
ANS-Benefits have no maximum restriction
All of these insurance products require an agent to have right FINRA securities registration in
order to sell them EXCEPT for - ANS-Modified entire existence
All students attending a huge college might be covered via - ANS-Blanket policy
An applicant for a resident insurance manufacturer's license MUST meet which of the
subsequent requirements? - ANS-Complete a prelicensing exam
An applicant's medical information obtained from the Medical Information Bureau (MIB) can be
supplied to the - ANS-Applicant's doctor
An person who purchases a Life annuity is given safety against - ANS-The threat of living longer
than predicted
An insurance applicant MUST be knowledgeable of an investigation concerning his/her
reputation and man or woman in keeping with the - ANS-Fair credit score reporting act
An coverage company can commonly contest the data contained in an accident and fitness
software for two years from the date that the - ANS-coverage organisation dates the policy
An insurance company that has no longer been authorised through the state is taken into
consideration to be - ANS-Unauthorized
An insurance company this is organized or chartered in a country apart from the US is
described as - ANS-Alien
An insured blanketed by means of a set Major Medical plan is hospitalized after maintaining
accidents that resulted from an car accident. Assuming the plan had a $1,000 deductible and an
80/20 Coinsurance clause, how tons will the INSURED be responsible to pay with $eleven,000
in covered clinical costs - ANS-$three,000
At what point must a life insurance applicant be knowledgeable in their rights that fall beneath
the Fair Credit Reporting Act? - ANS-Upon finishing touch of the application
