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which of the following would NOT be considered limited coverage policy? a. accident-only insurance b. travel policy c. major medical expense insurance d. special risk policy - Answer- c. major medical exoense insurance limited policies cover only expense incurred from specific diseases, or sp...

An insurance producer who by contract is bound to write insurance for only one company is classified as a/an A. captive agent B. solicitor C. broker D. independent producer - Answer- A Which is generally true regarding insureds who have been classified as preferred risks? A. they can dec...

What part of the insurance contract describes the covered perils and the nature of coverage of the contractual agreement between the insurer and the insured? a.) Insuring agreement B.) Exclusions C.) declarations D.) Conditions - Answer- Insuring agreement - The part of the contract that de...

an insured was seriously injured in a skiing accident that required him to be hospitalized for 5 weeks. his medical expense policy covered all of the following EXCEPT - Answer- loss of income while hospitalized once the initial benefit on Medicare part D is reached, how is the beneficiary affecte...

Which of the following elements of an insurance contract requires payment of premium ? - Answer- Consideration Which of the following individuals would be a likely candidate to purchase a deferred annuity ? - Answer- Someone who wants to grow retirement funds tax deferred If an individual will...

A return of premium life policy is written as what type of term coverage? - Answer- Increasing What are the two types of Flexible Spending Accounts? - Answer- Health Care and Dependent Care Taxation of LTC insurance... - Answer- excessive benefits may be taxable Nonforfeiture values guarant...

#1. What does the application of contract of adhesion mean? - Answer- Since the Insured does not participate in preparing the contract, any amblguities would be resolved in favor of the Insured Anapplicant for surplus lines authority must do all of the following EXCERT - Answer- Possess a certifi...

In the last 72 hours, there were 3 instances of volcanic eruptions that damaged a property covered by a dwelling policy. How many deductibles will the insured have to pay before the policy covers the damages caused by the eruptions? 1. Zero 2. One 3. Two 4. Three - Answer- one In a personal a...

With Adjustable Life, the owner can change all of the following EXCEPT - Answer- The insured cash value guarantees in a whole life policy are called - Answer- Nonforfeiture values A whole life policy is surrender for a reduced-paid up policy. The cash value will - Answer- Continue to increase ...

All of the following must sign an application for health insurance EXCEPT the - Answer- Insurer. Health insurance applications require the signatures of - Answer- the proposed insured, the policyowner (if different than the insured), and the agent or producer. What does Basic Medical Expense c...

An annuity has accumulated the cash value of $70,000, of which $30,000 is from premium payments. The annuitant dies during the accumulation phase. The beneficiary will receive... - Answer- $70,000 Your client wants to provide a retirement income for his elderly parents in case something happens t...