Exam simulator Georgia life and health
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insurance QUESTIONS WITH ANSWERS |\ |\ |\
Statements made on an insurance application that are believed
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to be true to the best of the applicant's knowledge are called -
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CORRECT ANSWERS ✔✔representations |\ |\
T applied for a disability income policy and has a history of back
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injuries.The insurer issued the policy with a statement that
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excludes coverage for back injuries. This statement is called a(n)
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- CORRECT ANSWERS ✔✔Impairment rider
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Accidental death coverage is provided to commercial airline
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passengers in which of the following types of policies - CORRECT
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ANSWERS ✔✔Blanket Accident policy |\ |\ |\
Which of the following provisions guarantees that premiums will
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be waived if juvenile life policy owner becomes disabled -
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CORRECT ANSWERS ✔✔Payor clause |\ |\ |\
Which of the following types of Term Life policies most likely
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contains a renewability feature - CORRECT ANSWERS ✔✔10 year
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convertible term |\
What kind of life insurance product covers children under their
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parent's policy? - CORRECT ANSWERS ✔✔Term rider
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,B receives yearly dividends and interest from a participating life
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insurance policy. Which of these should B include as gross
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income for federal income tax purposes? - CORRECT ANSWERS
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✔✔Interest only |\
Post-tax dollar contributions are found in - CORRECT ANSWERS
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✔✔Roth IRA investments |\ |\
An example would of unfair claims practice would be - CORRECT
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ANSWERS ✔✔Failing to effectuate prompt fair and equitable
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settlements of a claim |\ |\ |\
Which of the following types of health coverage frequently uses a
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deductible? - CORRECT ANSWERS ✔✔Major Medical policy
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Which of the following types of permanent life insurance policies
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offers the highest initial cash value - CORRECT ANSWERS
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✔✔Single Premium |\
What does the owenrship clause in a life insurance policy state ?
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- CORRECT ANSWERS ✔✔Who the policy owner is and what
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rights the policy owner is entitled to
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Which provision allows the policyowner to change a term life
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policy to a permanent one without providing proof of good
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health? - CORRECT ANSWERS ✔✔conversion
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, In Georgia monthly premium accident and sickness insurance
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policies must provide a grace period of at least - CORRECT
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ANSWERS ✔✔10 days |\ |\
Upon policy delivery, a signed good health statement is
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requested from the applicant. Why would this be necessary? -
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CORRECT ANSWERS ✔✔The initial premium was NOT submitted
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with the application
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What type of life insurance are credit policies issued as? -
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CORRECT ANSWERS ✔✔term |\ |\
All of the following statements are true regarding a policy's Grace
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
period Except - CORRECT ANSWERS ✔✔Past due premiums are
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
waived
Which of the following statements are correct about death
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benefits - CORRECT ANSWERS ✔✔Must have mental illness to
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qualify
Someone who is appointed by an insurer to engage in insurance
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transactions is called an - CORRECT ANSWERS ✔✔Agent |\ |\ |\ |\ |\ |\ |\
Medicare Part A and Part B do NOT pay for - CORRECT ANSWERS
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✔✔dental work |\
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insurance QUESTIONS WITH ANSWERS |\ |\ |\
Statements made on an insurance application that are believed
|\ |\ |\ |\ |\ |\ |\ |\ |\
to be true to the best of the applicant's knowledge are called -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔representations |\ |\
T applied for a disability income policy and has a history of back
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
injuries.The insurer issued the policy with a statement that
|\ |\ |\ |\ |\ |\ |\ |\ |\
excludes coverage for back injuries. This statement is called a(n)
|\ |\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔Impairment rider
|\ |\ |\ |\ |\
Accidental death coverage is provided to commercial airline
|\ |\ |\ |\ |\ |\ |\ |\
passengers in which of the following types of policies - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Blanket Accident policy |\ |\ |\
Which of the following provisions guarantees that premiums will
|\ |\ |\ |\ |\ |\ |\ |\ |\
be waived if juvenile life policy owner becomes disabled -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Payor clause |\ |\ |\
Which of the following types of Term Life policies most likely
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
contains a renewability feature - CORRECT ANSWERS ✔✔10 year
|\ |\ |\ |\ |\ |\ |\ |\ |\
convertible term |\
What kind of life insurance product covers children under their
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
parent's policy? - CORRECT ANSWERS ✔✔Term rider
|\ |\ |\ |\ |\ |\
,B receives yearly dividends and interest from a participating life
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
insurance policy. Which of these should B include as gross
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
income for federal income tax purposes? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Interest only |\
Post-tax dollar contributions are found in - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Roth IRA investments |\ |\
An example would of unfair claims practice would be - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Failing to effectuate prompt fair and equitable
|\ |\ |\ |\ |\ |\ |\ |\
settlements of a claim |\ |\ |\
Which of the following types of health coverage frequently uses a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
deductible? - CORRECT ANSWERS ✔✔Major Medical policy
|\ |\ |\ |\ |\ |\ |\
Which of the following types of permanent life insurance policies
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
offers the highest initial cash value - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Single Premium |\
What does the owenrship clause in a life insurance policy state ?
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔Who the policy owner is and what
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
rights the policy owner is entitled to
|\ |\ |\ |\ |\ |\
Which provision allows the policyowner to change a term life
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
policy to a permanent one without providing proof of good
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
health? - CORRECT ANSWERS ✔✔conversion
|\ |\ |\ |\
, In Georgia monthly premium accident and sickness insurance
|\ |\ |\ |\ |\ |\ |\ |\
policies must provide a grace period of at least - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔10 days |\ |\
Upon policy delivery, a signed good health statement is
|\ |\ |\ |\ |\ |\ |\ |\ |\
requested from the applicant. Why would this be necessary? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔The initial premium was NOT submitted
|\ |\ |\ |\ |\ |\ |\ |\
with the application
|\ |\
What type of life insurance are credit policies issued as? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔term |\ |\
All of the following statements are true regarding a policy's Grace
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
period Except - CORRECT ANSWERS ✔✔Past due premiums are
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
waived
Which of the following statements are correct about death
|\ |\ |\ |\ |\ |\ |\ |\ |\
benefits - CORRECT ANSWERS ✔✔Must have mental illness to
|\ |\ |\ |\ |\ |\ |\ |\ |\
qualify
Someone who is appointed by an insurer to engage in insurance
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
transactions is called an - CORRECT ANSWERS ✔✔Agent |\ |\ |\ |\ |\ |\ |\
Medicare Part A and Part B do NOT pay for - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔dental work |\
