Utah Life & Health Final Exam Questions Correctly Answered.
3 views 0 purchase
Course
UTAH.
Institution
UTAH.
Utah Life & Health Final Exam Questions Correctly Answered.
An applicant is denied insurance because of information found on a consumer report. Which of the following requires that the insurance company supply the applicant with the name and address of the consumer reporting company?
A. Condi...
Utah Life & Health Final Exam Questions
Correctly Answered.
An applicant is denied insurance because of information found on a consumer report. Which of the
following requires that the insurance company supply the applicant with the name and address of the
consumer reporting company?
A. Conditional receipt
B. Disclosure rule
C. Fair Credit Reporting Act
D. Consumer Privacy Act - CORRECT ANSWER C. Fair Credit Reporting Act
When handling premium funds in the conduct of their business, insurance producers act in a(n)...
A. Accounting capacity.
B. Financial capacity.
C. Special capacity.
D. Fiduciary capacity. - CORRECT ANSWER D. Fiduciary capacity.
Under the Affordable Care Act, what percentage of preventive care must be covered without cost
sharing?
A. 25%
B. 50%
C. 80%
D. 100% - CORRECT ANSWER D. 100%
For how many years must an insurance producer be licensed prior to adding surplus lines to their
repertoire?
A. 2 years
, B. 1 year
C. 3 years
D. 4 years - CORRECT ANSWER C. 3 years
In a circumstance that would warrant license suspension, the Commissioner may instead decide to put
the license on probation. What is the maximum number of months that the probation could last?
A. 6
B. 12
C. 18
D. 24 - CORRECT ANSWER D. 24
All of the following are true regarding rebates EXCEPT?
A. Rebates are allowed if it's in the best interest of the client.
B. Rebates are only allowed if specifically stated in the policy.
C. Rebating can be anything of economic value, given as an inducement to buy.
D. Dividends are not considered to be rebates. - CORRECT ANSWER A. Rebates are allowed if it's in the
best interest of the client.
Which of the following would NOT be considered an unfair and deceptive practice?
A. Rebating
B. Defamation
C. Misrepresentation
D. Controlled business - CORRECT ANSWER D. Controlled business
An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance
policy. The agent is guilty of?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ROSEGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
