Connecticut life and health state exam
questions with correct answers
already passed!!
Healthcare cost Can be better controlled by utilizing preadmission testing. Preadmission
testing can reduce CORRECT ANSWERS Links of hospitalization
Which of these is not a standard provision in a qualified long-term care policy sought in
Connecticut? CORRECT ANSWERS Tire hospitalization
A policy owner is permitted to take out a policy load on a whole life policy at what point?
CORRECT ANSWERS What the policy has cash value
The time limit in individual has to roll over funds from an IRA or qualified plan is
CORRECT ANSWERS 60 days
Which life insurance policy would be eligible to include an automatic premium loan
provision? CORRECT ANSWERS Whole life
Which of the following is considered to be an example of unfair a straight of
competition? CORRECT ANSWERS Coercion
All of these are common listing factors with dental insurance except for CORRECT
ANSWERS Limit placed a number of teeth that may be treated annually
Tori has an annuity that pays her a $500 per month income benefit for life or for ten
years, whichever is longer. What kind of annuity is this? CORRECT ANSWERS Fixed
life annuity with period certain
Which of the following describes the act of ensuring a risk against possible loss?
CORRECT ANSWERS Risk transfer
Tim is covered by an accident and health insurance policy that may not be changed in
any way by the insurer up to a stated age, as long as the premiums are paid. What type
of policy is this? CORRECT ANSWERS Noncancelable
The exclusion ratio determines CORRECT ANSWERS the amount of an annuity
payment subject to income tax
Which of the following does not fall under "hospital care"
In a typical health maintenance organization plan? CORRECT ANSWERS Private duty
nursing
, Bert's spouse passed away recently. Bert was covered under his spouse's group family
health insurance plan but now is covered under COBRA. How much of the active-
employee cost may be passed on to Bert for continued coverage? CORRECT
ANSWERS Maximum of 102%
Which of the following could be a future use of the cash value that builds in a recently
purchased whole life insurance policy? CORRECT ANSWERS Provide supplemental
income in 35 years
When does the owner's contractual rights begin under an individual annuity contract?
CORRECT ANSWERS at the time of purchase
Field underwriting by a producer CORRECT ANSWERS may result in the disclosure of
hazardous activities of the applicant
Why does Connecticut require insurers to maintain a minimum level of assets?
CORRECT ANSWERS To demonstrate insurer solvency
That authority to change the beneficiary in an individual annuity lies with the CORRECT
ANSWERS Owner
At what point are death proceeds paid in a joint life insurance policy? CORRECT
ANSWERS When the first insured dies
Which of these is not considered to be a cost connected with an individual's death?
CORRECT ANSWERS Business expenses
Which of the following is true about a qualified retirement plan that is "top heavy"?
CORRECT ANSWERS More than 60% of a plan acids are in key employee accounts
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? CORRECT ANSWERS The specified benefit amount is a
percentage of his wages
Which of the following is not information needed to determine the suitability of an
annuity recommendation? CORRECT ANSWERS Level of education
Short term group disability income benefits are CORRECT ANSWERS a percentage of
weekly earnings up to to a stated maximum
When a ceding insurer transfers a portion of its risk to an assuming insurer on a case by
case basis, this process is referred to as CORRECT ANSWERS Facilitative reinsure
What is the best way to define life insurance replacement? CORRECT ANSWERS The
transaction in which a new life insurance policy is purchased an existing life insurance
policy is surrendered
questions with correct answers
already passed!!
Healthcare cost Can be better controlled by utilizing preadmission testing. Preadmission
testing can reduce CORRECT ANSWERS Links of hospitalization
Which of these is not a standard provision in a qualified long-term care policy sought in
Connecticut? CORRECT ANSWERS Tire hospitalization
A policy owner is permitted to take out a policy load on a whole life policy at what point?
CORRECT ANSWERS What the policy has cash value
The time limit in individual has to roll over funds from an IRA or qualified plan is
CORRECT ANSWERS 60 days
Which life insurance policy would be eligible to include an automatic premium loan
provision? CORRECT ANSWERS Whole life
Which of the following is considered to be an example of unfair a straight of
competition? CORRECT ANSWERS Coercion
All of these are common listing factors with dental insurance except for CORRECT
ANSWERS Limit placed a number of teeth that may be treated annually
Tori has an annuity that pays her a $500 per month income benefit for life or for ten
years, whichever is longer. What kind of annuity is this? CORRECT ANSWERS Fixed
life annuity with period certain
Which of the following describes the act of ensuring a risk against possible loss?
CORRECT ANSWERS Risk transfer
Tim is covered by an accident and health insurance policy that may not be changed in
any way by the insurer up to a stated age, as long as the premiums are paid. What type
of policy is this? CORRECT ANSWERS Noncancelable
The exclusion ratio determines CORRECT ANSWERS the amount of an annuity
payment subject to income tax
Which of the following does not fall under "hospital care"
In a typical health maintenance organization plan? CORRECT ANSWERS Private duty
nursing
, Bert's spouse passed away recently. Bert was covered under his spouse's group family
health insurance plan but now is covered under COBRA. How much of the active-
employee cost may be passed on to Bert for continued coverage? CORRECT
ANSWERS Maximum of 102%
Which of the following could be a future use of the cash value that builds in a recently
purchased whole life insurance policy? CORRECT ANSWERS Provide supplemental
income in 35 years
When does the owner's contractual rights begin under an individual annuity contract?
CORRECT ANSWERS at the time of purchase
Field underwriting by a producer CORRECT ANSWERS may result in the disclosure of
hazardous activities of the applicant
Why does Connecticut require insurers to maintain a minimum level of assets?
CORRECT ANSWERS To demonstrate insurer solvency
That authority to change the beneficiary in an individual annuity lies with the CORRECT
ANSWERS Owner
At what point are death proceeds paid in a joint life insurance policy? CORRECT
ANSWERS When the first insured dies
Which of these is not considered to be a cost connected with an individual's death?
CORRECT ANSWERS Business expenses
Which of the following is true about a qualified retirement plan that is "top heavy"?
CORRECT ANSWERS More than 60% of a plan acids are in key employee accounts
Darrell has a group long-term disability income policy paid by his employer. Which of
these statements is true? CORRECT ANSWERS The specified benefit amount is a
percentage of his wages
Which of the following is not information needed to determine the suitability of an
annuity recommendation? CORRECT ANSWERS Level of education
Short term group disability income benefits are CORRECT ANSWERS a percentage of
weekly earnings up to to a stated maximum
When a ceding insurer transfers a portion of its risk to an assuming insurer on a case by
case basis, this process is referred to as CORRECT ANSWERS Facilitative reinsure
What is the best way to define life insurance replacement? CORRECT ANSWERS The
transaction in which a new life insurance policy is purchased an existing life insurance
policy is surrendered
