Insurance Exam

Front 1

What is required when an applicant reveals conditions that require more information?

Back 1

Physical Exam

Front 2

Which risk classification carries the lowest premium?

Back 2

Preferred

Front 3

During the disability elmination period

Back 3

No beneifits are payable

Front 4

Which of the following statements defines partical disability?

Back 4

A disabled employee while he is still working part-time and receiving lost income under their long-term disability benefit

Front 5

Which statment best dewcribes a life insurance policy dividend?

Back 5

It is the disribution of excess funds accumulated by the insurer on participation policies

Front 6

If a person was in violation of Section 770 of the CA Insurance code, what action would the Insurance Commissioner most likely take if the violation dealt with loans on the security of real or personal property?

Back 6

Issue a cease and desist order for a violation of more than more transaction

Front 7

If no other method of payment is selected, which f the following is the automatic mode of settlement for life insurance policy proceeds

Back 7

Lump-sum settlement in cash

Front 8

The process whereby a mutual insurer becomes a stock company is called

Back 8

Demutualization

Front 9

A supplemental insurance policy that pays a set amount for each day that an individual is hospitalized is known as

Back 9

Hospital confinement indemnity

Front 10

Any situation that presents the possibility of a loss is known as

Back 10

Loss exposure

Front 11

A commonly used cost containment measure for emergency hospital care under a major medical expense plan is

Back 11

Deductible

Front 12

Which settlement option allows only the death benefot earning to be paid to the beneficiary?

Back 12

Interest option

Front 13

An agent acting as an insurance agent, broker, solicitor, life agent or bail agent acts in which capacity when handling premiums or return premiums for an insured?

Back 13

Fiduciary

Front 14

Which statement is true regarding participating in a group health insurance plan?

Back 14

A non-contributory group health plan must cover all eligble members

Front 15

According to the state law, what size print must be used for the licensee's license number on all price quotes, business cards, and printed material?

Back 15

The same size as the licensee's phone number , fax number or address

Front 16

Social Security disability benefits are paid to persons expected to die or be disabled at least:

Back 16

12 months

Front 17

Which non-forteiture option uses cash surrender values to purchase paid-up term insurance for the full face amount of the policy?

Back 17

Extended term insurance

Front 18

The group medical plan provision that applies when a claimant has coverage under more than one plan is know as?

Back 18

Coordination of benefits

Front 19

All of the following statments about the gatekeeper system are true, except:

Back 19

The insured must utilize their primary physicians who authorize all care for the insured

Front 20

Which coverage is aviable at no cost to persons at age 67?

Back 20

Medicare Part A

Front 21

Which optional program is only for individuals age 65 or older?

Back 21

Medicare Part B

Front 22

Traditional comprehensive major medical plans include all of the following except:

Back 22

First-dollar coverage

Front 23

According to the Employee Retirement Income Security Act of 1974 (ERISA) fiduciary standards, benefit plans are operated for:

Back 23

Plan participants and beneficiaries

Front 24

After the dedcutible is paid, what percentage of the balance of approval charges does Medicare Part B pay?

Back 24

80%

Front 25

With Medicare coverage:

Back 25

Part B provides benefits for diagonstic tests and x-rays performed on an out-patient basis