Aflac Insurance Exam Questions and Answers
Making a statement that is false or maliciously critical of the financial
condition of an insurer is known as - Answer️️ -defamation
Which of the following statements regarding an examination of an insurer's
books and records by the Commissioner is...
Making a statement that is false or maliciously critical of the financial
condition of an insurer is known as - Answer✔️✔️-defamation
Which of the following statements regarding an examination of an insurer's
books and records by the Commissioner is true?
- An insurer has a right to delay an examination by the Commissioner for a
period of not more than 15 days after notification
-The insurer must not impede an examination and is required to assist in
the examination procedures
-Reports related to solicitors are not official records archived from
insurance examinations
- The Commissioner only has the authority to examine domestic insurers -
Answer✔️✔️-The insurer must not impede an examination and is required
to assist in the examination procedures
When an intermediary's license is revoked for failure to meet continuing
education requirements, the intermediary CANNOT - Answer✔️✔️-be
present during the sale of insurance by another intermediary
Which type of policy pays benefits to a policyholder covered under a
Hospital Expense policy? - Answer✔️✔️-reimbursement
Medicare - Answer✔️✔️-a federal health insurance program for individuals
over the age of 65 or permanently disabled
John has a criminal record in which he was convicted of a felony that
involved dishonesty. Under Federal law, how would John be able to
engage in insurance transactions? - Answer✔️✔️-Given written consent by
the state insurance regulatory agency
A Medicare Supplement insurance policy may EXCLUDE coverage for
preexisting conditions for a maximum period of how many months after
the policy goes into effect? - Answer✔️✔️-6
An insured's statement of a policy's benefits which is to be used in
marketing materials is called a(n) - Answer✔️✔️-testimony
Jim is covered under a disability income policy. He is hurt while engaged
in an occupation that is more hazardous than the occupation he specified in
the policy. What action will the insurer likely take? - Answer✔️✔️-Reduce
the benefit level
For group health plans covering employees in more than one state, the
state regulatory jurisdiction established for the plan may affect any of the
following aspects EXCEPT
- Minimum enrollment percentages
- Eligibility qualifications
- Required contract provisions
- COBRA continuation of coverage - Answer✔️✔️-COBRA continuation of
coverage
A false statement made by an applicant that would influence an insurer in
determining whether or not to accept the risk is - Answer✔️✔️-a material
misrepresentation
Which parties are directly involved in a group accident and health
insurance contract? - Answer✔️✔️-employer and insurer
(not employees)
3
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