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133 Cards in this Set
- Front
- Back
- 3rd side (hint)
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In California after January 2002 definition of health insurance include all of the following types of coverage except |
Accidental death and dismemberment coverage |
Health insurance not life insurance cover |
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Of the items listed below Witcher requirements for a life disability insurance analyst license |
The applicant must have good General reputation in good business reputation, applicant must be 18 years of age minimum, applicant must have a thorough knowledge of life and Disability insurance these are all required |
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In accidental death and this memory insurance which of the following would not be considered accidental |
Employee requires abdominal surgery after food poisoning in the lunchroom |
Definition accidental |
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Type of healthcare provider that provides both healthcare services in healthcare coverage is called |
HMO health maintenance organization |
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What does an insurance commissioner have the right to do with an agent lacks Authority from the insurers name on the binder of coverage |
Suspend or revolt the license of the agent |
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What is a written in instrument called in which the insurance contract is set forth |
The policy |
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A group health plan third-party administrative might do any of the following exact |
Pay policy holder premiums |
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A significant benefit to insured a group life underwriting vs individual is |
The cost of coverage is lower |
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When a corporation ceases to exist in tirely, there insurance |
Terminates |
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What is a transplant donor benefit in a disability income policy |
Hey provision that considers the insured to be disabled if donated a body organ |
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viatical statement or accomplished through |
Absolute assignment |
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What is the tax treatment for individual disability |
Non deductible and tax free benefits |
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All the following statements about qualified person plans are true except |
Clear contributions are taxable to employees in the year they are contributed |
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Self funding of employee benefits cannot be used for |
Death benefits |
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And additional premium charged by and insured for adding the accidental death benefit to a whole life policy |
Does not affect the policy cash |
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The commonly used 30 1690 and 180 disability terminology refers to |
Number of days for which no benefits are payable |
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A life agents records must include all the following except |
Printed material in general used which has been distributed by the ensure |
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A worker dies while he is credited within 6 quarters of the last 13 quarter.. What status does the worker have under Social Security |
Currently insured |
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And agent appointment with Anna sure will be discontinued Duvall the following circumstances exist except |
Another insurers submit an employment application |
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Which non Fortuna watching using existing policy can cash value to purchase a paid up policy with a lower face value then the original |
Reduce paid up insurance option |
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Which retirement plan utilize is not deductible contributions |
Roth IRA |
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All of the occurrences listed below examples of interval event at defined by the sea a insurance quote except |
Insured suffers a financial lost in the state lottery |
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The Social Security normal retirement age depends upon |
The workers year of birth |
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To complete transfer by existing owner of alright and the insurance policy to another person |
Absolute assignment |
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Which retirement plan was designed for employees of public school system |
TSA |
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And the absence of a coordination of benefit Claus all the following circumstances might result in recovery you more than 100% of actual healthcare expenses except |
Hey workers medical plan include a carry over deductible provision |
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All the following apply to life insurance cost of living rider except |
Face value of the policy you Rises or lowers as the cost of living increases and decreases |
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Social Security provides protection against financial consequences of all the following except |
Poor Investments |
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Social Security blackout. And when the surviving spouses reaches the age of |
60 |
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Merge participants in an esop at her work all of the following or correct about mergency |
There are no tax deductions incentives for the company in an ESOP |
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traditional comprehension major medical plan include all of following except |
First dollar coverage |
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All of the following would fall under the category of a adverse underwriting decision except |
Failure of the agent to submit the application to the insurance company |
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In 7 years a schedule what percentage of employer contributions must be Bassett after 7 years |
100% |
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Which plan do employers make specific contributions to and Employees Retirement account |
Define contribution plan |
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And ESOP and invests in |
Employers stock |
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Along with having enough asset to provide for his liabilities for a sweet insurance for all out and risky in order to remain 7 days sure must also meet minimum requirements equal to what time out required by the California code |
Paid in capital |
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A policy holder stops. Making payments on 20 pay life policy and covered the cast surrender value to extend charm insurance all of the following statements so true except |
The term policy will have the same loan value as original policy |
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Who pays the premium for a workers compensation policy for retail store |
It is always paid entirely by the employer |
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Which risk classify is Carrys the lowest premium |
Preferred |
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Which of the following statements defines partial disability |
Disabled employee he is working part time and receiving lost and come under the long term disability |
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Which statement best describes a life insurance policy dividend |
It is a distribution of excess of funds accumulated that you know by the insure on participating policies |
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The process where buy a mutual ensure becomes a stock company is called |
demutualization |
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The supplement insurance policy that pays a set amount for each day they individuals hospitalized is known as |
Hospital confinement indemnity |
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Taxes paid on the benefits receipt from disability policies are determined by who pays the Premium if an employee pays the payment |
The benefits are non taxable to the employee |
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When workers compensation Lobby mandatory it meant |
Employers were financially responsible for employees on the job injuries regardless of fault |
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Any situation that presents the possibility of lost is known as |
A loss exposure |
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Concerning Part B of Medicare which of the following is incorrect |
It is paid entirely by the (fica) social security payroll taxes |
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Which day been is true regarding participating in a group health insurance |
Not contribute Tori Group Health Plan less cover all eligible members |
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According to stay law what size print must be used for a license CD license number on all price quote and business cards and |
Same size print as a license is phone number fax and or address |
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Social Security disability benefits are paid to the person except to die or to be disable that lease |
12 months |
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Tony Brown has ACLU certification which is the following name is would be automatically approved by fore is agencies use |
None of these were actually be approved automatically |
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The insured H 65 on the 100009 participating whole life policy the policy is paid up as of today when would the cash value reach hundred thousand |
Age 100 |
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Which option program is only for individuals at 65 or older |
Medicare Part B |
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Harry a variable annuity applicant does not request a premium be invested in a stock or bond portfolio during the. The policy is return to the company within a cancellation. What is Harry's entitled to receive |
The entire premium |
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According to the employee retirement income security act of 1974 ERISA fiduciary standards benefit plans are operated for |
Plan participants and beneficiary |
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After the doctor bill is paid what percentage of the balance of proof charges does Medicare Part B pay |
80% |
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What is the purpose of a key person insurance |
To cover decreased business earnings due to the death of a key employee |
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With Medicare coverage |
Party provides benefits for diagnostic test xrays performed on an outpatient basis |
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Buy adopting a self-funded health plan and employer will have great of flexibility in all areas of planning except |
Claims severity |
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To authorize the release of an attending position report an applicant must |
Sign a consent form |
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Members of medical information Bureau are required to report |
Medical impairment found during the underwriting process |
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When referring to insurance contract when muster representation be made for withdrawn |
Only before a policy is issue |
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Which life insurance classification carry the highest premium |
Sub standard |
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A group insurance plan is a contributory when the |
Employer pays all of the premium |
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Who are members of the medical information Bureau |
Life Insurance companies |
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After the deductible what portion does the patient pay for covers expenses under Medicare Part B |
20% |
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When was insurance records for insurance agent and insurance brokers be made available to the insurance commissioner |
At all times |
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Self insured group qualifies for stopped lost coverage after claims |
See this specific limit in the set period of time |
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And I reassurance agreement insurance company that transfers its loss exposure to another insurance is called |
Primary insurer |
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Any person who divert or misappropriate a tradition refund is |
theft |
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What type of insurance policy provided up benefit that matches the project outstanding debt on a individuals home |
Mortgage protection |
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What do we call the process we're by insurers decide which customers to ensure and what coverage to offer |
Underwriting |
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The mathematical rule that says that as the number of individuals but similar exposure unit increases the easier it is to predict loss of wood of the following |
The law of large numbers |
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If it is sure pays and insured 25000 and lost wages 45000 of the fishes and visits and Hospital cost and 15000 for physical therapy treatment and later discover that the claim was fraudulent then insured maybe find as much as |
$170,000 |
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The process of policy replacement an agent musta made all of the following to the insurer except |
It copy of all the printer Communications used for the presentation |
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What is the difference between a conditional premium receipt and that binding Premium receipt |
Only a binding was he always provide insurance that is effective from the date that receipt is given |
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Under the disability income insurance policy with an owner occupation Claus and employee who can no longer perform at task of the job held at the time of injury is considered |
Totally disabled |
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Need the chronically I'll Traeger of a Long term care policy and individual must be unable to perform a |
2 activities of daily living |
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Finish your requirements for a licensed agent to sell long term care insurance including training in all of the following areas |
Financial planning |
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Under disability income insurance bodily injury must meet the following criteria to be classified as |
The cause maybe intentional but the result must be accidental |
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All of the following are used in underwriting for health insurance except |
Intelligence |
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The main purpose for an insurance guaranteed Association is to protect the public against |
Los as a result of insurers insolvency |
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All of the following apply to an insurance broker not an insurance agent except |
A broker is appointed buying insurer to transaction insurance |
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A premium loan will automatically be made |
At the end of each of the grace period |
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If and ensure independently is found guilty of unfair trade practices while issuing renewing and servicing policy the ensure could be prosecuted for how many |
3 |
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And insurer owned by a parent company that provides insurance to cover the parent companies loss exposure is |
Captive insurer |
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Which is not a qualified retirement plan |
Deferred compensation |
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Which of the following is not excluded buy group life |
Accidental injury |
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The minimum number of employees for group insurance in California is |
2 |
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Apparent who lives at home is being carried for buying adult daughter on a full time basis which of the following would provide care if the daughter needs a. Of separation |
Respite care |
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Health insurance persistency important for all of the following reasons except |
Each year that the policy is in for sale larger number of insured will use the benefits |
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Following could be used to pay off mortgage on home providing a death benefit that equals amount of the outstanding debt on the home no more or no less |
Decreasing term insurance |
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Agent must act on behalf of their clients in such a way that uphold their fiduciary duty select the best example of this Duty from the choices below |
Quickly sand and insured premium to the Home Office |
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What does the phrase life insurance create immediate estate mean |
The death total benefit will be paid to a beneficiary on that death of the insured |
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Everything sure offering individual life insurance policies and annuities to senior citizens that use not guaranteed elements in Ellis stations must provide a statement to the effect which of the following is correct regarding this statement |
Non guaranteed elements must be in bold print |
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The type of Universal life plan weather pure fix interest rate of cash value is replace by one allowing the insured to choose from a variety of investment Vehicles is which |
Flexible premium variable life |
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The usual amount of death benefit set in an industrial life insurance policy is |
Less than 2,000 $ |
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Which of the following qualified pension plan our benefits link to the employees year of service and or amount of compensation |
Defined benefit planned |
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a agent who acts as an insurance agent broker solicitor life agent for bail agent acts which capacity when and doing premium or return premium for the insured |
fiduciary |
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A person has a Disability Policy with the following definition of diff disability the inability to perform any occupation for which the insured is suited through education training experience and prior economic status |
Any occupation definition and is very restrictive |
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Improve insurance that certificates of insurance are issued to |
The group members |
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What would a person be guilty of who refuses to submit books and Records to the commissioner |
A misdemeanor |
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In group plans erisa relates to |
Reporting and disclosure requirements |
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Which of the following requires a reporting company to respond to a consumer's complaint that has file contained inaccurate information |
Fair Credit Reporting Act |
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Which of the following statement about policy dividends is true |
Then shirt usually selects the dividend option at the time of the policy purchase |
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Pay health insurance co-payment is |
A payment paid by the insured to the provider for the service |
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Which pays on the death of the insured |
Joint life |
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When a claimant is covered by more than one plan the situation is resolved through |
Coordination of benefits |
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Which pays on the death of the second insured |
Survivorship life |
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Which of the following is true about life insurance beneficiary designations |
if There is no surviving beneficiary the death benefit is paid to the insured estate |
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The basic feature of a Managed Care Indemnity plan is that the participant |
Select a provider and submit claims to the insurance company |
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Which of the following is not an option to use of the policy dividends |
Find the distribution of monthly income payments |
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A disability income social insurance supplement sis benefit Rider |
Provides a benefit if the insured does not qualify for social security benefits |
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Which of the following describes an insurer who has enough financial resources only to provide for all its liabilities and for all reinsurance of all outstanding risk |
Insolvent |
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What would the insurance commissioner most likely course of action if an applicant for an insurance had a previous application for professional license denied for caused by any license Authority within five years of the date of the filing |
Deny application without a hearing |
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A Disability Policy described as guaranteed-renewable is one where the insurance company |
Reserves the right to change the premium, but may not change any of its terms |
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Which statement is true regarding Medicare supplement insurance plan |
Insurers may offer policies that contain only the core benefits |
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Which of the following cannot qualify for a self-funded health plan |
Individuals |
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ABC and Associates is an agency which represents XYZ Insurance Corporation. ABC and Associates may leave the name XYZ Insurance Corporation in its advertisement by clearly stating the relationship between the two businesses in any of the following ways except |
ABC and Associates underwriting for XYZ Insurance Corporation |
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Choose from the following selection the best description of a premium |
Funds received by an insurer from an insured to receive the benefits of the policy |
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How much continuing education is a new agent who is both life insurance license and Property and Casualty license required to complete |
24 hours prior to a new of either license |
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A form of rest or relief offered to a family member who is caring for a person who requires conditional care is |
Respite care |
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Currently insured status is achieved in which of the following ways |
Accumulation six out of the last 13 quarters |
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All the following statements about contingent beneficiaries are true, except |
The contingent beneficiary shares the death proceeds equally with the primary beneficiary |
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The insured is totally and permanently disabled. The insurance policy continues in force without the payment of Premium because the policy contained a |
Waiver of premium provision |
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Fully insured status is achieved in which of the following ways |
Accumulation of 40 quarters |
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Which of the following is the definition of incontestability |
An insurer is prevented from violating a policy for misstatement after 2 years |
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In the event of an accidental death, the principal sum in a Disability Policy will be paid |
In one lump sum |
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Which of the following statements about the hi-capa program is false |
Provides assistance for a fee based upon ability to pay |
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A measure for rating an individual's need for LTC benefits is called |
Activities of daily living |
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A health insurance deductible is |
The amount of covered expense that the insured pays before the insurer pays |
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All are Group Insurance underwriting factors, except |
Length of the elimination period |
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When did term of a policy are misrepresented by a provider two the client that producers has committed a |
Misdemeanor |
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