1 Exam (elaborations) Utah Life Insurance Test Questions And Answers Already Passed. 2 Exam (elaborations) Utah Life and Health- Chapter 7: Accident and Health Insurance Basics Prep Exam And Actual Answers. 3 Exam (elaborations) Utah Life and Health Exam- Chapter 6 Practice Exam Questions And Gua...
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All of the following statements about the provisions in a typical modification clause in a life insurance policy are true EXCEPT: - Answer The authority to bind the insurance company to policy changes or modifications is limited to specified persons. The lowest total annual premium expenditure...
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Add to cartAll of the following statements about the provisions in a typical modification clause in a life insurance policy are true EXCEPT: - Answer The authority to bind the insurance company to policy changes or modifications is limited to specified persons. The lowest total annual premium expenditure...
Ray has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arrangement would be the best for Ray? a- 75/25 b- 80/20 c- 90/10 d- 50/50 - Answer d- 50/50. After th...
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Add to cartRay has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arrangement would be the best for Ray? a- 75/25 b- 80/20 c- 90/10 d- 50/50 - Answer d- 50/50. After th...
An employee is insured under her employer's group life plan. If she terminated her group coverage, which of the following statements is INCORRECT? - Answer The insured may choose to convert to term or permanent individual coverage. An insurance policy that only requires a payment of premium a...
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Add to cartAn employee is insured under her employer's group life plan. If she terminated her group coverage, which of the following statements is INCORRECT? - Answer The insured may choose to convert to term or permanent individual coverage. An insurance policy that only requires a payment of premium a...
Which of the following is true regarding taxation of dividends in participating policies? a- Dividends are taxable in some life insurance policies and nontaxable in others. b- Dividends are considered income for tax purposes. c- Dividends are not taxable. d- Dividends are taxable only after a c...
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Add to cartWhich of the following is true regarding taxation of dividends in participating policies? a- Dividends are taxable in some life insurance policies and nontaxable in others. b- Dividends are considered income for tax purposes. c- Dividends are not taxable. d- Dividends are taxable only after a c...
Which of the following dental insurance categories would cover the filling of cavities? a- This type of work is not covered. b- Routine and preventative maintenance. c- Routine and major restorative care. d-Orthodontic care. - Answer c- Routine and major restorative care; Routine and major r...
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Add to cartWhich of the following dental insurance categories would cover the filling of cavities? a- This type of work is not covered. b- Routine and preventative maintenance. c- Routine and major restorative care. d-Orthodontic care. - Answer c- Routine and major restorative care; Routine and major r...
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