Replacement regulation is designed to protect - Policyowners from mirepresentation and loss of benefits
All Health Benefit Plans issued after January
... [Show More] 1, 2014 must provide - Preventative health services
Which of these will have the highest monthly payout upon annuitization - Straight life
Which of the following is included in the entire contract according ti the entire contract provison? - Clauses
Which of the following is considered to be an alternative to a life settlement? - Accelered death benefit rider
With a scheduled dental policy, how are covered expense paid? - Benefits are limited to a specific maximum dollar amount per procedure
Coordination of benefits regulation applies to all of the following plans EXCEPT - Preferred provider Organization plan
Which approach predicts a person's earning potential and determines how much of that amount would be devoted to dependents? - Human life value approach
Which of the following policies does NOT build cash value? - Term
Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death? - Human life value
The free look period provided in a life insurance policy is usually - 10 days
What does "SHOP" stand in SHOP Exchange? - Small Business Health Options Program
An employer is issued a group medical insurance policy. This single contract is known as a(n) - master policy
Which of the following is NOT covered under Workers' Compensation? - Pain and suffering
Which of the following provides Medicare supplement policies? - Private insurance companies
A life settlement intermediary is a(n) - association which maintains a facility that displays offers and counteroffers for purchasers or sellers of life settlement contracts
An annuitant dies during the distribution period. What kind of annunity will return to a beneficiary the difference between the annunity value and the income payment already made? - Refund annuity
The is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. - Agent
The purpose of the Coordination of Benefits provision in group accident and health plans is to - avoid overpayment of claims
Medicaid is intended for - poverty stricken people
A provision that allows a policyowner to temporarily give up ownership rights to secure a loan is called a(n) - collateral assignment
A disability policy where the premiums are due monthly require a grace period of - 10 days
Tom the agent replaced a client's insurance policy when it was not in the client's best interest. Tom could be found guilty of - twisting
Which type of annuity stops all payments upon the death of the annuitant? - Life annuity
Decreasing term life insurance is often used to - provide coverage for a home mortgage
What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? - Specified amount of money
Major medical insurance will typically cover medical expenses that result from - a negative reaction to prescribed medication
The typical long-term care insurance policy is designed to provide a minimum of__________ year(s) of coverage - 1
The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n) - accident
Life insurance policies will normally pay for losses arising from - commercial aviation
The coverage, conditions, and limitations in the master policy of a group contract can be found in which document? - Certificate of coverage and benefits
Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Home health care
A disability policyowner is injured and becomes totally disabled. The benefits pay for 2 years, starting from the date of the injury. What is this time period called? - Benefit period
Under the Affordable Care Act, how would a grandfathered health plan lose its grandfathered status? - The insurer significantly raises co-insurance charges, deductibles, or co-payment charges
Which of these statements about Medicaid is CORRECT? - Funded by federal, state, and local taxes
In group health care, what is the purpose of the coordination of benefits provision? - Determines what is paid by the primary and secondary insurers in the event of a claim
Which of the following is NOT a duty of the Superintendent? - Establish rates for the insurers
What is the purpose of a Disability Income Benefit? - Provide money for living expenses
All of these are characteristics of a universal life insurance policy EXCEPT - Fixed surrender value
Upon meeting company requirements, a lapsed life insurance policy may be reinstated within_______ year(s). - 3
with the same insurer Tim is covered under a group plan and would like to change his group coverage to an individual policy because of employment termination. Which of these describes the change that will take place? - Conversion
When are group disability benefits considered to be tax-free to the insured? - When the recipient pays the premiums
Under the Affordable Care Act, which of these plans is designed to provide coverage that is actuarially equivalent to 80% of the full actuarial value of the benefits provided under the plan? - Gold
An insurance producer is often responsible for field underwriting during the application process. All of these are possible field underwriting roles EXCEPT - providing commission information to the applicant [Show Less]