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| show | Equity
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| Who of the following would be covered for the diagnosis and treatment of infertility? | show 🗑
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| An applicant for insurance misstates her age at the time her life insurance application is taken. This misstatement may result in | show 🗑
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| show | Master policy
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| show | Replacement rule
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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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| Which is true regarding HMO coverage? | show 🗑
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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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| How often may a life settlement provider contact an insured regarding the insured's health status if the insured's life expectancy is more than one year? | show 🗑
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| show | Contracting with insurance companies
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| When an individual is covered under two health insurance policies that have duplicate benefits which could make a claim for benefits because of an injury or illness profitable, it is called | show 🗑
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| show | Life expectancy
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| Which of the following is INCORRECT regarding HIPAA's creditable coverage? | show 🗑
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| show | Life settlements
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| show | Must notify the insured of their rights
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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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| In terms of renewability, Medicare supplement insurance plans must be | show 🗑
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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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| Alden is involved in a small plane accident that renders him permanently deaf, although he does not sustain any other major injuries. Alden is still able to perform his current job. To what extent will he receive Presumptive Disability benefits? | show 🗑
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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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| show | Securities and Exchange Commission and the Insurance Department
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| The main purpose of ERISA is to ensure that | show 🗑
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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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| In any case where there is a controversy or dispute between the insurance company and the insured, the soliciting agent is the agent of the | show 🗑
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| An insurance agent's responsibilities include all of the following EXCEPT | show 🗑
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| Which of the following is true concerning profit sharing plans that do not provide a specific formula for calculating the profits to be shared? | show 🗑
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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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| Janie is on bed rest for a brain injury. She is finally released to return to some of her normal activities but is only allowed to work on a part-time basis. Which of the following could help Janie recover the portion of income lost by working only p/t? | show 🗑
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| show | It is solely a federally administered program
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| show | Rises
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| What would a physicians utilize if he/she wanted to know if a treatment is covered under an insured's plan and at what rate it will be paid? | show 🗑
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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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| show | It may last for the lifetime of the annuitant or for a shorter period of time
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| show | It is never legal to limit coverage based on marital status
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| In a group life insurance policy, the employer may select all of the following EXCEPT | show 🗑
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| show | Avoidance
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| show | Long-Term
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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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| show | Limited pay whole life insurance
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| show | Child Care
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| show | 26 weeks
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| show | Authorize a natural person to act individually as a broker
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| show | Every policy must offer nonforfeiture benefits to the applicant
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| All of the following factors are factors that an underwriter could use to select and classify risk EXCEPT | show 🗑
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| show | The program is divided into four parts(A-D)
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| Which of the following does NOT have to be disclosed in a LTC policy | show 🗑
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| show | Life Settlement Contract
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| show | 30 days
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| All of the following are correct about the required provisions of a health insurance policy EXCEPT | show 🗑
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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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| Which of the following statements is INCORRECT concerning an IRA? | show 🗑
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| show | Require evidence of insurability
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| show | Guarantee of insurability
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| show | Specified
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| show | Contingent beneficiary
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| How long must a life insurance policy be in force before the owner can enter into a life settlement contract | show 🗑
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| show | 18
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| show | Without receiving written consent from a insurance regulatory authority
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| Wyona will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain period and proof of insurability is provided. This is accomplished under the | show 🗑
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| show | The interest credited under this option is not taxable since it remains inside the insurance policy
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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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| Which of the following would be a qualifying event as it relates to the Consolidated Omnibus Budget Reconciliation Act(COBRA)? | show 🗑
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| Which of the following statements is INCORRECT? | show 🗑
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| Which of the following would be a unique benefit life insurance has over other types of insurance? | show 🗑
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| What will happen if it is impossible for an injured insured to produce proof of disability in the time specified in a contract that provides disability benefits? | show 🗑
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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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| An agent misrepresents the details of an insured's new insurance contract that will be replacing the current contract. Which of the following will most likely happen? | show 🗑
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| When would a 20-pay whole life policy endow? | show 🗑
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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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| Key person life insurance does not reimburse a company for which of the following? | show 🗑
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| A father owns a life insurance policy on his fifteen-year-old-daughter. The policy contains the Optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insurance premiums? | show 🗑
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| show | 50%
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| show | 50%
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| show | Plan A
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| Which provision states that the insurance company must pay Medical Expense claims immediately? | show 🗑
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| show | The insurer provides administrative services, but not insurance protection
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| show |
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| A women misstated her age on an application for an individual health insurance policy. The insurance company found the mistake after the contestable period expired. The insurance company will take which of the following actions regarding any claims issued | show 🗑
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| Regarding LTC policies, which of the following would not be included in activities of daily living? | show 🗑
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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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| show | Cease and Desist Order
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| An insurer formed under the laws of another country is known as a/an | show 🗑
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| show | Denial of coverage
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| A corporation is the owner and beneficiary of the key person disability policy. If the corporation collects the policy benefit, then | show 🗑
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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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| What is the purpose of a fixed period settlement option? | show 🗑
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| show | Blanket
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| show | Defamation
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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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| What is the benefit of choosing extended term as a nonforfeiture option? | show 🗑
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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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| The gatekeeper of an HMO helps to | show 🗑
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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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| show | Comprehensive plan
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| show | Full distribution of each policy's benefit
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| show | Cash value growth
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| show | Private fee-for-service plans
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| show | The premium will only be returned if the insured dies
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| show | Creditor
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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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| show | It cannot exclude coverage from an occupational accident
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| The requirement that an agent not co-mingle insurance monies with their own funds is known as | show 🗑
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