Exam simulator Georgia life and health insurance QUESTIONS WITH ANSWERS

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
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period Except - CORRECT ANSWERS ✔✔Past due premiums are
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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 |\