WebCe Exam Prep |110 questions with accurate
answers
$1,000 Ans✓✓✓ Edwina was injured in a car accident that resulted in
both of her legs being amputated. What is the minimum amount of
benefit that she will receive under her specified accident policy?
100 percent Ans✓✓✓ If a group life insurance plan is noncontributory,
what percentage of eligible group members must participate in the plan?
12 months Ans✓✓✓ An insurer must notify its current customers of its
privacy policies or practices at least once every how often?
20 Ans✓✓✓ A claimant on a health insurance policy must give written
notice of the claim to the insurer within how many days following a
loss?
200 Ans✓✓✓ A producers commission for the sale of a Medicare
supplement policy in the first year following its effective date cannot
exceed what percentage of the commission paid for servicing the policy
in the second year?
24 Ans✓✓✓ To be considered totally disabled under a disability
income policy, the insured must be unable to perform all of the
substantial and material duties of his or her regular occupation for how
many months after a loss begins?
,3 months Ans✓✓✓ If a group health insurance policy terminates, an
employee can elect to convert coverage provided he or she has been
insured under the plan for how long before it terminates
30 Ans✓✓✓ Horace buys a Medicare supplement insurance policy but
decides not to keep it. How many days does he have to return it for a full
refund of the premium
30 days of inpatient care and 60 days of outpatient care per year
Ans✓✓✓ Samson electronics has its main office in Pennsylvania,
where it employs over 500 employees. Its group health insurance plan
must provide which of the following benefits for serious mental illness?
50 Ans✓✓✓ John's disability income policy provides that benefits will
be reduced once he reaches age 62. At this point, his benefits must be
equal to at least what amount that was payable before age 62?
6 months Ans✓✓✓ A recurrent disability occurs while the disability
income policy is in force and within how many months of an earlier,
related disability
75-90% Ans✓✓✓ Under variable life insurance plans, policy loans can
be as high as what percent of the cash value
A family income policy provides a lump-sum death benefit and a stream
of income to a specified date of death occurs before that date, while a
, family maintenance policy pays a lump-sum death benefit and a stream
of income for a fixed period of time upon the insureds death Ans✓✓✓
Which of the following correctly describes the comparison between a
family income policy and a family maintenance policy?
A fine of up to $100 per day violation Ans✓✓✓ Agent Jill received a
letter from the department of insurance asking her to submit verification
of having completed the continuing education requirements for the
previous licensing period. Three weeks later, the department sent
another letter. Which penalty may the department impose if Jill still has
not responded to its request one month later?
a need for current liquidity Ans✓✓✓ Which of the following most
indicates that a customer is not suited for a fixed annuity?
A person under the influence of alcohol Ans✓✓✓ Which person would
not be considered competent to enter into an insurance contract
A person will not have the right to convert a policy if it was terminated
due to nonpayment of premium Ans✓✓✓ Which statement about the
conversion provision in group health insurance policies is correct?
A suitability guide Ans✓✓✓ When selling a long term care insurance
policy, the insurer or agent must provide the applicant with all of the
following except
answers
$1,000 Ans✓✓✓ Edwina was injured in a car accident that resulted in
both of her legs being amputated. What is the minimum amount of
benefit that she will receive under her specified accident policy?
100 percent Ans✓✓✓ If a group life insurance plan is noncontributory,
what percentage of eligible group members must participate in the plan?
12 months Ans✓✓✓ An insurer must notify its current customers of its
privacy policies or practices at least once every how often?
20 Ans✓✓✓ A claimant on a health insurance policy must give written
notice of the claim to the insurer within how many days following a
loss?
200 Ans✓✓✓ A producers commission for the sale of a Medicare
supplement policy in the first year following its effective date cannot
exceed what percentage of the commission paid for servicing the policy
in the second year?
24 Ans✓✓✓ To be considered totally disabled under a disability
income policy, the insured must be unable to perform all of the
substantial and material duties of his or her regular occupation for how
many months after a loss begins?
,3 months Ans✓✓✓ If a group health insurance policy terminates, an
employee can elect to convert coverage provided he or she has been
insured under the plan for how long before it terminates
30 Ans✓✓✓ Horace buys a Medicare supplement insurance policy but
decides not to keep it. How many days does he have to return it for a full
refund of the premium
30 days of inpatient care and 60 days of outpatient care per year
Ans✓✓✓ Samson electronics has its main office in Pennsylvania,
where it employs over 500 employees. Its group health insurance plan
must provide which of the following benefits for serious mental illness?
50 Ans✓✓✓ John's disability income policy provides that benefits will
be reduced once he reaches age 62. At this point, his benefits must be
equal to at least what amount that was payable before age 62?
6 months Ans✓✓✓ A recurrent disability occurs while the disability
income policy is in force and within how many months of an earlier,
related disability
75-90% Ans✓✓✓ Under variable life insurance plans, policy loans can
be as high as what percent of the cash value
A family income policy provides a lump-sum death benefit and a stream
of income to a specified date of death occurs before that date, while a
, family maintenance policy pays a lump-sum death benefit and a stream
of income for a fixed period of time upon the insureds death Ans✓✓✓
Which of the following correctly describes the comparison between a
family income policy and a family maintenance policy?
A fine of up to $100 per day violation Ans✓✓✓ Agent Jill received a
letter from the department of insurance asking her to submit verification
of having completed the continuing education requirements for the
previous licensing period. Three weeks later, the department sent
another letter. Which penalty may the department impose if Jill still has
not responded to its request one month later?
a need for current liquidity Ans✓✓✓ Which of the following most
indicates that a customer is not suited for a fixed annuity?
A person under the influence of alcohol Ans✓✓✓ Which person would
not be considered competent to enter into an insurance contract
A person will not have the right to convert a policy if it was terminated
due to nonpayment of premium Ans✓✓✓ Which statement about the
conversion provision in group health insurance policies is correct?
A suitability guide Ans✓✓✓ When selling a long term care insurance
policy, the insurer or agent must provide the applicant with all of the
following except
