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Life License-Test#3
Part 5
| Question | Answer |
|---|---|
| 121. for more serious offenses and convictions, an application for a license can be denied w/out a hearing. Which of following circumstances would allow for an application to be denied for an insurance license, without a hearing? | the applicant for the license has had a previous license denied for cause within the previous 5 years |
| 122. if a physician is paid through a Preferred Provider Organization (PPO), the normal way of paying him/her is: | by payment directly for each service |
| 123. which coverage is available at no cost to persons at age 65? | Medicare Part A |
| 124. in a Workers' Compensation contract, Part One provides payments for which of the following? | sums the employer is legally required to pay under State Workers' Compensation Laws |
| 125. the Family Medical Leave Act provides for what minimum amount of unpaid leave? | 12 weeks |
| 126. an insurance company which is owned by individuals who purchase shares of stock in the company, share in profits in proportion to shares owned, and vote for a board of directors is known as what type of insurer? | Stock insurer |
| 127. which of following is the definition of morbidity? | the likelihood of illness or injury |
| 128. the term which describes a participant's absolute ownership over retirement plan monies is: | vested |
| 129. a dependent who is developmentally disabled can continue to be covered by the insured's policy: | for as long as the condition causing the disability continues |
| 130. the rules regarding life insurance policy illustrations are intended to ensure all of the following, except: | ensure that the illustration specifies that both guaranteed and non-guaranteed elements will continue unchanged for all years shown |
| 131. which of following is true in regard to health insurance issued on a group basis? | all eligible members must be covered under a "non-contributory" group health plan |
| 132. which of following disclosures is allowed during the presentation of tax-qualified LTC insurance? | that the plan may receive certain federal and state tax advantages |
| 133. all of following are covered by the CLHIGA, except: | employer self-funded plans |
| 134. what is one difference between group life and individual life plans? | group life may be experience rated |
| 135. if an insurer knowingly allows one of its agents to mislead a member of the public in order to induce the person to change their existing insurance, the Commissioner may: | suspend the insurer's certificate of authority for the class of business involved |
| 136. which of following must a life agent issue only to elders? | notice of Medi-Cal eligibility |
| 137. which of following is NOT covered by the CLHIGA? | group stop loss plans |
| 138. all of following are required to be included in life insurance illustrations, except: | a statement that the benefits in the illustration are guaranteed |
| 139. transaction of insurance includes all of following, except: | stuffing envelopes with sales material on behalf of a agent |
| 140. if an insurer indicates that an illustration will be used, they must do which of following? | send a summary status report to the policyholder annually |
| 141. which is not a way that LTC is provided? | a federal government sponsored plan |
| 142. in a group life plan, a dependent child attending an educational institution may be covered until age: | 24 |
| 143. an insurer advertising Term to Age 55 on tv must disclose: | that policy (or certificate) benefits and limitations should be carefully examined prior to purchase |
| 144. Adult Day Care is a provision of which of following? | LTC insurance |
| 145. Joe and Kate have 4 adult children. After Joe dies, Kate is told that she will have to wait until what age to collect her husband's Social Security benefits? | 60 |
| 146. Qualification for Social Security is based upon: | the number of quarter worked |
| 147. the insurer can change the premium assuming it is changed for all insureds in a class. However, the company cannot refuse to renew the policy, or cancel it. This is a/an __________ policy. | guaranteed renewable |
| 148. which of following is a retirement plan designed for self-employed individuals? | Keogh |
| 149. which is the most commonly covered specified disease? | cancer |
| 150. James is injured and no longer has the use of his eyes. He is declared legally blind. This is considered to be a: | Total disability |
Created by:
jennyhqs2
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