NORTH CAROLINA HEALTH INSURANCE LICENSE ACTUAL
EXAM 2025/2026 COMPLETE EXAM TESTBANK , PREP
QUESTIONS AND A NEW UPDATED STUDY GUIDE ALL
ACCURATE QUESTIONS WITH WELL ELABORATED
ANSWERS (100% CORRRECT VERIFIED SOLUTIONS)
|GUARANTEED PASS A+
what is the standard grace period for premium payments on all
individual life insurance policies issued in North Carolina?
Answer- 31 days
an incomplete health insurance application submitted to an
insurer will result in which of these actions?
Answer- application will be returned to the writing producer
which of these actions should a producer take when submitting
an insurance application to an insurer?
Answer- inform the insurer of relevant information not included
on the application
an applicant's medical information received by the medical
information Bureau may be furnished to the
,answer- applicant’s physician
what is being delivered during a policy delivery?
Answer- insurance contract to the proposed insured
a prepaid application for individual disability income insurance
was recently submitted to an insurer. When the insurer received
the MIB report, the report showed that the applicant had
suffered a stroke 18 months ago, something that was not
disclosed on the application. Which of the following actions
would the insurance company not take?
Answer- send a notice to the MIB that the applicant was
declined
pre-hospitalization authorization is considered an example of
answer- Managed Care
,M completes an application for health insurance but does not
pay the initial premium. All of these actions must occur before
M's policy goes into effect, except
Answer- free look period has expired
which of the following best describes how pre-admission
certifications are used?
Answer- used to prevent non-essential medical costs
which federal law allows an insurer to obtain an inspection
report on a potential insured?
Answer- Fair Credit Reporting Act
Essential benefits without annual and lifetime limits are required
on any health policy purchased
Answer- through the federal marketplace
an insurance applicant was recently denied insurance coverage.
The applicant is requesting access from the insurer to recorded
, personal information regarding this decision. Under the
information and privacy protection act, the insurer must make
the minimum information within how many business days?
Answer- 30
how long is the free look? For accident and health policies sold
in North Carolina?
Answer- 10 days
If the insured and primary beneficiary are both killed in the
same accident and it cannot be determined who died first, where
are the death proceeds to be directed under the uniform
Simultaneous Death Act?
Answer- Insured Contingent Beneficiary
Which type of policy pays benefits to a policyholder covered
under a Hospital Expense policy?
Answer- Reimbursement
J has an Accidental Death and Dismemberment policy with a
principal sum of $50,000. While trimming the hedges, J cuts off
EXAM 2025/2026 COMPLETE EXAM TESTBANK , PREP
QUESTIONS AND A NEW UPDATED STUDY GUIDE ALL
ACCURATE QUESTIONS WITH WELL ELABORATED
ANSWERS (100% CORRRECT VERIFIED SOLUTIONS)
|GUARANTEED PASS A+
what is the standard grace period for premium payments on all
individual life insurance policies issued in North Carolina?
Answer- 31 days
an incomplete health insurance application submitted to an
insurer will result in which of these actions?
Answer- application will be returned to the writing producer
which of these actions should a producer take when submitting
an insurance application to an insurer?
Answer- inform the insurer of relevant information not included
on the application
an applicant's medical information received by the medical
information Bureau may be furnished to the
,answer- applicant’s physician
what is being delivered during a policy delivery?
Answer- insurance contract to the proposed insured
a prepaid application for individual disability income insurance
was recently submitted to an insurer. When the insurer received
the MIB report, the report showed that the applicant had
suffered a stroke 18 months ago, something that was not
disclosed on the application. Which of the following actions
would the insurance company not take?
Answer- send a notice to the MIB that the applicant was
declined
pre-hospitalization authorization is considered an example of
answer- Managed Care
,M completes an application for health insurance but does not
pay the initial premium. All of these actions must occur before
M's policy goes into effect, except
Answer- free look period has expired
which of the following best describes how pre-admission
certifications are used?
Answer- used to prevent non-essential medical costs
which federal law allows an insurer to obtain an inspection
report on a potential insured?
Answer- Fair Credit Reporting Act
Essential benefits without annual and lifetime limits are required
on any health policy purchased
Answer- through the federal marketplace
an insurance applicant was recently denied insurance coverage.
The applicant is requesting access from the insurer to recorded
, personal information regarding this decision. Under the
information and privacy protection act, the insurer must make
the minimum information within how many business days?
Answer- 30
how long is the free look? For accident and health policies sold
in North Carolina?
Answer- 10 days
If the insured and primary beneficiary are both killed in the
same accident and it cannot be determined who died first, where
are the death proceeds to be directed under the uniform
Simultaneous Death Act?
Answer- Insured Contingent Beneficiary
Which type of policy pays benefits to a policyholder covered
under a Hospital Expense policy?
Answer- Reimbursement
J has an Accidental Death and Dismemberment policy with a
principal sum of $50,000. While trimming the hedges, J cuts off
