SOUTH CAROLINA INSURANCE EXAM 100
QUESTIONS & CORRECT ANSWERS LATEST 2025
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase? - ANSWER-Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies? -
ANSWER-Family term insurance rider
Disability income plans which require that the insurer can NEVER change or alter
premium rates are usually considered - ANSWER-Nonconcellable
What is the required action to be taken by a South Carolina licensee before
operating under an assumed business name? - ANSWER-Notify the Director
The suicide clause of a life insurance policy states that if an insured commits
suicide within a stated period from the policy's inception, the insurer will only be
liable for a return of premiums paid - ANSWER-minus indebtedness and without
interest
If an annuitant dies before the annuity start date - ANSWER-the premiums paid
plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - ANSWER-avoid overpayment of claims
, The typical long-term care insurance policy is designed to provide a minimum
of___year(s) of coverage - ANSWER-1
Decreasing term life insurance is often used to - ANSWER-provide coverage for a
home mortgage
Which type of life insurance policy pays the face amount at the end of the specified
period if the insured is still alive? - ANSWER-Endowment policy
A life insurance policy normally contains a provision that restricts coverage in the
event of death under all of the following situations EXCEPT - ANSWER-fare-
paying passenger
All _____ policies must be guaranteed renewable. - ANSWER-long-term care
What type of injury would NOT be covered under a health insurance policy? -
ANSWER-Work related
All of these are common exclusions to a life insurance policy EXCEPT -
ANSWER-accidental health
Which of the following decisions would a Health Savings Account (HSA) owner
NOT be able to make? - ANSWER-The amount contributed by the employer
A whole life insurance policy accumulates cash value that becomes - ANSWER-
the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay ____
taxes on any money withdrawn. - ANSWER-income
QUESTIONS & CORRECT ANSWERS LATEST 2025
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase? - ANSWER-Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies? -
ANSWER-Family term insurance rider
Disability income plans which require that the insurer can NEVER change or alter
premium rates are usually considered - ANSWER-Nonconcellable
What is the required action to be taken by a South Carolina licensee before
operating under an assumed business name? - ANSWER-Notify the Director
The suicide clause of a life insurance policy states that if an insured commits
suicide within a stated period from the policy's inception, the insurer will only be
liable for a return of premiums paid - ANSWER-minus indebtedness and without
interest
If an annuitant dies before the annuity start date - ANSWER-the premiums paid
plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident and health
plans is to - ANSWER-avoid overpayment of claims
, The typical long-term care insurance policy is designed to provide a minimum
of___year(s) of coverage - ANSWER-1
Decreasing term life insurance is often used to - ANSWER-provide coverage for a
home mortgage
Which type of life insurance policy pays the face amount at the end of the specified
period if the insured is still alive? - ANSWER-Endowment policy
A life insurance policy normally contains a provision that restricts coverage in the
event of death under all of the following situations EXCEPT - ANSWER-fare-
paying passenger
All _____ policies must be guaranteed renewable. - ANSWER-long-term care
What type of injury would NOT be covered under a health insurance policy? -
ANSWER-Work related
All of these are common exclusions to a life insurance policy EXCEPT -
ANSWER-accidental health
Which of the following decisions would a Health Savings Account (HSA) owner
NOT be able to make? - ANSWER-The amount contributed by the employer
A whole life insurance policy accumulates cash value that becomes - ANSWER-
the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay ____
taxes on any money withdrawn. - ANSWER-income
