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| Equity Indexed Whole Life is policy with what kind of index as its invested? | show 🗑
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| show | A 36 yo who has been working with a doctor to treat her infertility for 3 years
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| show | Adjustment in the death benefit
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| In group insurance, what is the policy called? | show 🗑
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| Which rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance? | show 🗑
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| show | The balance of the loan will be taken out of the death benefit.
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| show | Income at the time of the application.
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| show | Both subscriber and insured.
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| show | It is divided into geographical territories.
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| What type of whole life insurance policy has premiums adjusted so during the first years of the policy, the premiums are lower than those of a straight whole life, and in subsequent years the premiums are higher than those of a straight whole life policy? | show 🗑
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| show | Every insurer must file a fraud prevention plan within 150 days.
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| show | Once every 3 months
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| show | Contracting with insurance companies
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| show | Overinsurance
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| Which of the following terms means a result of calculation based on the average number of months the insured is projected to live due to medical history and mortality factors? | show 🗑
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| show | The 12 months of creditable coverage must all come from the same employer
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| Life expectancy is used in the calculation of which of the following? | show 🗑
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| Regarding the "free look" provision, the insurance company | show 🗑
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| show | Amount paid with the accelerated death benefit, plus the earnings lost by the insurance company in interest income from the accelerated benefit
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| show | When death occurs within a specified period of time after the policy was issued
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| When a policy is surrendered for its cash value | show 🗑
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| show | Guaranteed renewable
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| How does cash value of a UL policy accumulate until withdrawn? | show 🗑
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| Why is it essential for an insurer to document all correspondence with an insured? | show 🗑
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| show | Full benefits
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| An insurer may provide commissions to an agent for the sale of a LTC policy only if the first year commission is not greater than what percentage of the first year premium? | show 🗑
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| Which of the following entities regulates variable life policies? | show 🗑
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| show | Employees receive the pension and other benefits promised by their employers.
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| show | Nonforfeiture option guarantees that the owner will receive a surrender value of the contract
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| Which of the following is the most common time for errors and omissions to occur on the part of an insurer? | show 🗑
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| All of the following individuals may qualify for Medicare health insurance benefits EXCEPT | show 🗑
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| show | Company
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| An insurance agent's responsibilities include all of the following EXCEPT | show 🗑
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| show | Contributions must be substantial and regular
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| show | Upon conversion, the death benefit of the permanent policy will be reduced by 50%
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| Which of the following would NOT be a violation of State Insurance regulations? | show 🗑
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| show | Residual Disability Benefit
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| Which of the following is INCORRECT concerning Medicaid? | show 🗑
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| show | Rises
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| show | Prospective review
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| A fixed annuity contract provides for | show 🗑
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| Which of the following statements is an accurate comparison between private and government insurers? | show 🗑
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| Which of the following LTC Coverage s would NOT encourage an insured to receive care at home? | show 🗑
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| show | Insurer's guaranteed minimum rate of interest
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| Your client is planning to retire. She has accumulated $100,000 in a retirement annuity, and now wants to select the benefit option that will pay the largest monthly amount for as she lives. As her agent, you should recommend | show 🗑
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| Which of the following is true regarding the annuity period? | show 🗑
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| In which f the following situations is it legal to limit coverage based on marital status? | show 🗑
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| In a group life insurance policy, the employer may select all of the following EXCEPT | show 🗑
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| The risk management technique that is used to prevent a specific loss by not exposing yourself to that activity is called | show 🗑
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| Which type of care is NOT covered by Medicare | show 🗑
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| What is the purpose of the New York State Partnership for LTC? | show 🗑
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| show | defamation
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| Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. What would be the right policy for this client? | show 🗑
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| All of the following LTC Coverages would encourage an insured to receive care at home EXCEPT | show 🗑
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| show | 26 weeks
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| IF an association is applying for a life settlement broker's license, which of the following requirements must the association meet? | show 🗑
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| Which of the following statements is true regarding LTC insurance? | show 🗑
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| show | National origin
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| show | The program is divided into four parts(A-D)
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| show | The aggregate amount of premiums due
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| The forms used to establish the terms for both parties when a person sells his life insurance policy to a 2rd unrated person is called a | show 🗑
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| If payment of a specific premium or subscription fee is required to provide coverage for a child, the policy or contract may require that the insurer be notified of the child's birth and pay any required fee within | show 🗑
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| show | A reinstated policy provides immediate coverage for an illness
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| show | The policy will terminate when the loan amount with interest equals or exceeds the cash value
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| A pre-exsisting condition is one | show 🗑
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| show | Married individuals must contribute into one account for both spouses, up to a specified amount for each person
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| If an employee wants to enter the group outside of the open enrollment period, to reduce adverse selection, the insurer may | show 🗑
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| What option allows the insured to periodically increase benefit levels without providing evidence of insurability? | show 🗑
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| show | Specified
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| In a case where the primary beneficiary predecease the insured, in the event of the insured's death, the death benefit proceeds will be paid to | show 🗑
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| show | 2 years
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| show | 18
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| Federal law makes it illegal for any individual convicted of a crime involving dishonestly or breach of trust to work in the business of insurance affecting interstate commerce | show 🗑
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| show | Reinstatement provision
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| All of the following are TRUE statements regarding the accumulation at interest option EXCEPT | show 🗑
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| show | After 1 year of the revocation
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| show | Healthy New York
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| show | To avoid an increase in premium rate for the insured
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| show | Termination of Employment for "downsizing"
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| Which of the following statements is INCORRECT? | show 🗑
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| show | It performs the function of cash accumulation
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| show | Claims will be paid as contracted provided the proof is furnished as soon as possible
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| show | 5%
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| show | 40
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| Which benefits would disability plan most likely pay? | show 🗑
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| show | Six months to two years
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| Individual proprietor insurance policies are sometimes called | show 🗑
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| Felix disability income policy annual premium of $300 and benefit of $300 a month | show 🗑
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| show | Suspension of license
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| show | When the insured reaches age 100
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| The rider that allows the company to forgo collecting the premium if the insured is disabled is called | show 🗑
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| show | For increased pension liability resulting from a key person's death
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| show | The insured's premiums will be waived until she is 21
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| show | 50%
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| show | 50%
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| Which of the following must be present in all Medicare supplement plans? | show 🗑
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| Which provision states that the insurance company must pay Medical Expense claims immediately? | show 🗑
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| What is an Administrative-Services Only arrangement? | show 🗑
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| show |
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| show | Adjust the claim benefit to reflect the woman's true age
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| show | Sleeping
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| What kind of policy does NOT typically require proof of insurabilty? | show 🗑
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| show | Certificate of appointment
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| If the Superintendent finds a licensee in violation of an unfair method or unfair practice he/she will issue a | show 🗑
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| show | Alien insurer
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| Which of the following is not a cost saving service? | show 🗑
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| show | The amount received is tax free
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| An insured's long term care policy is scheduled to pay a fixed amount of coverage of $120 per day. The long term care facility only charged a $100 per day. How much will the insurance company pay | show 🗑
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| show | Prospective review
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| show | A deferred annuity cannot be surrendered prior to annuitization. The owner must wait until the annuitization period begins to receive any payments.
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| Bonnie wants to name her husband as the beneficiary of her life policy. She also wishes to retain all of the rights of ownership. Bonnie should have her husband named as the | show 🗑
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| show | To provide a guaranteed income for life
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| show | Blanket
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| Which of the following terms describes making false statements about the financial condition of any insurer that are intended to injure any person engaged in the business of insurance? | show 🗑
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| In the state of New York, investors can contribute up to $235,000 for the college expenses of a designated beneficiary. What is the name of this plan? | show 🗑
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| show | It can be converted to a fixed annuity
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| An insured buys a 5-year level premium term policy with a face amount of $100,000. The policy also contains renewability and convertibility options. When the insured renews the policy in five years | show 🗑
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| show | Determine who will be allowed to enroll in an HMO program
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| In a group policy, between whom is the contract? | show 🗑
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| show | Without receiving written consent from an insurance regulatory authority
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| What policy component must decrease in decreasing term insurance? | show 🗑
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| A health insurance plan that covers all accidents and sicknesses that are not specifically excluded from the policy is referred to as a | show 🗑
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| show | Full distribution of each policy's benefit
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| Which of the following features of the Equity Indexed Whole Life policy is NOT fixed? | show 🗑
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| show | Private fee-for-service plans
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| Regarding the return of premium option for LTC policies, what happens to the premium if the policy lapses? | show 🗑
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| Which of the following would be the beneficiary in credit life insurance? | show 🗑
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| show | Will pay the policy proceeds only if it would have issued the policy to the proposed insured had he/she been living
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| Which of the following is correct about a group health insurance policy? | show 🗑
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| show | Express authority
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Created by:
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