CT Life and Health State Exam Simulator
UPDATED Study Guide QUESTIONS
AND CORRECT ANSWERS
After a life insurance policy has been in force for more than _____ years the
policy is considered incontestable. - CORRECT ANSWERS 2 Years
An accident and health insurance policy's premium requirements are set forth in
which of the following provisions? - CORRECT ANSWERS
Consideration Clause
Which of these would NOT be a valid reason to add the waiver of premium
rider to a life insurance policy? - CORRECT ANSWERS It allows a
policy loan to cover premium payments if the policyowner becomes totally
disabled.
How can a group dental insurer discourage adverse selection? - CORRECT
ANSWERS Limit the duration of coverage.
How long is individual medical expense insurance normally written for? -
CORRECT ANSWERS 1 year.
Which statement about group life insurance is INCORRECT? - CORRECT
ANSWERS Each participant requires evidence of insurability.
The Commissioner is empowered to perform each of the following acts
EXCEPT - CORRECT ANSWERS Make rules that are consistent with
those of neighboring states.
,Any agreement that unreasonably restrains the business of insurance is a
violation of which Unfair or Prohibited Insurance Practice? - CORRECT
ANSWERS Boycott, coercion and intimidation
Which of the following is a requirement for an individual to receive an
insurance license in Connecticut? - CORRECT ANSWERS Passing the
appropriate examination.
Kelly purchases a health insurance policy issued on a conditionally renewable
basis. The insurance company has a right to refuse renewal of the policy for -
CORRECT ANSWERS Specific reasons stated in the contract.
Social security disability income requirements state that in order to become
fully insured on a permanent basis, you must have worked in a covered
occupation for - CORRECT ANSWERS 40 quarters
During an annuity's liquidation phase, the annuitant normally - CORRECT
ANSWERS receives benefit payments at regular intervals.
What type of life insurance policy covers two or more persons and pays the face
amount upon the death of the first insured? - CORRECT ANSWERS
Joint Life
A(n)__________________insurer writes business in a state other than the one
in which it is domiciled - CORRECT ANSWERS Foreign
Medical costs in birthing centers are lowered by using - CORRECT ANSWERS
Certified nurse midwives.
, ABC Partnership is a business with a limited number of partners. Which
disability buy-sell agreement is best suited for this business? - CORRECT
ANSWERS Cross purchase agreement
What type of doctor-ordered care assists an individual with performing basic
daily activities such as bathing, dressing, and eating? - CORRECT ANSWERS
Custodial care
In a qualified retirement plan, the yearly contributions to an employee's
account? - CORRECT ANSWERS are restricted to maximum limits set
by the IRS
When using the needs approach for life insurance planning, a lump sum may be
created to provide for all of the following EXCEPT - CORRECT ANSWERS
Employee benefits
The_________is responsible for reporting to the Commissioner any name or
address change of the licensee. - CORRECT ANSWERS licensee
an individual who intentionally violates a Connecticut insurance law may be
subject to a MAXIMUM fine of - CORRECT ANSWERS $5,000
If one producer provides a referral to another producer which results in the sale
of an insurance contract,who will likely be paid a commission? - CORRECT
ANSWERS The commission will likely be shared between the two
producers.
The free look period provided in a life insurance policy is usually ____days -
CORRECT ANSWERS 10
UPDATED Study Guide QUESTIONS
AND CORRECT ANSWERS
After a life insurance policy has been in force for more than _____ years the
policy is considered incontestable. - CORRECT ANSWERS 2 Years
An accident and health insurance policy's premium requirements are set forth in
which of the following provisions? - CORRECT ANSWERS
Consideration Clause
Which of these would NOT be a valid reason to add the waiver of premium
rider to a life insurance policy? - CORRECT ANSWERS It allows a
policy loan to cover premium payments if the policyowner becomes totally
disabled.
How can a group dental insurer discourage adverse selection? - CORRECT
ANSWERS Limit the duration of coverage.
How long is individual medical expense insurance normally written for? -
CORRECT ANSWERS 1 year.
Which statement about group life insurance is INCORRECT? - CORRECT
ANSWERS Each participant requires evidence of insurability.
The Commissioner is empowered to perform each of the following acts
EXCEPT - CORRECT ANSWERS Make rules that are consistent with
those of neighboring states.
,Any agreement that unreasonably restrains the business of insurance is a
violation of which Unfair or Prohibited Insurance Practice? - CORRECT
ANSWERS Boycott, coercion and intimidation
Which of the following is a requirement for an individual to receive an
insurance license in Connecticut? - CORRECT ANSWERS Passing the
appropriate examination.
Kelly purchases a health insurance policy issued on a conditionally renewable
basis. The insurance company has a right to refuse renewal of the policy for -
CORRECT ANSWERS Specific reasons stated in the contract.
Social security disability income requirements state that in order to become
fully insured on a permanent basis, you must have worked in a covered
occupation for - CORRECT ANSWERS 40 quarters
During an annuity's liquidation phase, the annuitant normally - CORRECT
ANSWERS receives benefit payments at regular intervals.
What type of life insurance policy covers two or more persons and pays the face
amount upon the death of the first insured? - CORRECT ANSWERS
Joint Life
A(n)__________________insurer writes business in a state other than the one
in which it is domiciled - CORRECT ANSWERS Foreign
Medical costs in birthing centers are lowered by using - CORRECT ANSWERS
Certified nurse midwives.
, ABC Partnership is a business with a limited number of partners. Which
disability buy-sell agreement is best suited for this business? - CORRECT
ANSWERS Cross purchase agreement
What type of doctor-ordered care assists an individual with performing basic
daily activities such as bathing, dressing, and eating? - CORRECT ANSWERS
Custodial care
In a qualified retirement plan, the yearly contributions to an employee's
account? - CORRECT ANSWERS are restricted to maximum limits set
by the IRS
When using the needs approach for life insurance planning, a lump sum may be
created to provide for all of the following EXCEPT - CORRECT ANSWERS
Employee benefits
The_________is responsible for reporting to the Commissioner any name or
address change of the licensee. - CORRECT ANSWERS licensee
an individual who intentionally violates a Connecticut insurance law may be
subject to a MAXIMUM fine of - CORRECT ANSWERS $5,000
If one producer provides a referral to another producer which results in the sale
of an insurance contract,who will likely be paid a commission? - CORRECT
ANSWERS The commission will likely be shared between the two
producers.
The free look period provided in a life insurance policy is usually ____days -
CORRECT ANSWERS 10
