INSURANCE CERTIFICATE EXAM | 2025/2026 UPDATE
| QUESTIONS AND ANSWERS | 100% CORRECT
The expense for an autopsy covered under the physical exam and autopsy
provision is paid by
a. the estate of the insured
b. the insurer
c. the beneficiary
d. the limits of coverage under the health insurance policy Answer - insurer
which of the following statements is TRUE regarding an annuitant?
a. the annuitant may be a corp
b. the annuitant is also beneficiary under the annuity
c. the annuitant must be a natural person
d. the annuitant must also be the owner of the annuity Answer - the annuitant
must be a natural person
an underwriter must review an applicant with an extensive medical history.
which document would give the underwriter a better understanding of how
the insured was treated for various illnesses?
a. attending physicians statement
b. physicians review
c. individual medical summary
, d comprehensive medical history Answer - attending physicians statement
which of the following provisions or options protects the insured from an
unintentional policy lapse due to a nonpayment of premium
a. automatic premium loan
b. reinstatement provision
c. extended term option
d. reduced paid up nonforfeiture option Answer - automatic premium loan
all other factors being equal, how would premium in a survivorship life policy
compare to the premium in a joint life policy?
a. it will be the same
b. it will be half the amount
c. it will be lower
d. it will be higher Answer - it will be lower
Which health insurance provision describes the insured's right to cancel
coverage?
a. renewal provision
b. policy duration provision
c. insuring clause
d. cancellation provision Answer - cancellation provision
Which document is used to assess risk associated with an applicant lifestyle
and character?
A. Non-medical risk assessment
B. Applicant lifestyle assessment
| QUESTIONS AND ANSWERS | 100% CORRECT
The expense for an autopsy covered under the physical exam and autopsy
provision is paid by
a. the estate of the insured
b. the insurer
c. the beneficiary
d. the limits of coverage under the health insurance policy Answer - insurer
which of the following statements is TRUE regarding an annuitant?
a. the annuitant may be a corp
b. the annuitant is also beneficiary under the annuity
c. the annuitant must be a natural person
d. the annuitant must also be the owner of the annuity Answer - the annuitant
must be a natural person
an underwriter must review an applicant with an extensive medical history.
which document would give the underwriter a better understanding of how
the insured was treated for various illnesses?
a. attending physicians statement
b. physicians review
c. individual medical summary
, d comprehensive medical history Answer - attending physicians statement
which of the following provisions or options protects the insured from an
unintentional policy lapse due to a nonpayment of premium
a. automatic premium loan
b. reinstatement provision
c. extended term option
d. reduced paid up nonforfeiture option Answer - automatic premium loan
all other factors being equal, how would premium in a survivorship life policy
compare to the premium in a joint life policy?
a. it will be the same
b. it will be half the amount
c. it will be lower
d. it will be higher Answer - it will be lower
Which health insurance provision describes the insured's right to cancel
coverage?
a. renewal provision
b. policy duration provision
c. insuring clause
d. cancellation provision Answer - cancellation provision
Which document is used to assess risk associated with an applicant lifestyle
and character?
A. Non-medical risk assessment
B. Applicant lifestyle assessment
