Health Insurance Exam Questions and Verified Answers 100% Correct (2024 / 2025)
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Course
Health Insurance
Institution
Health Insurance
Health Insurance Exam Questions and Verified Answers 100% Correct (2024 / 2025)
Question:
How is the Life and Health Insurance Guaranty Associated funded?
Answer:
From member companies
Question:
A life insurance contract may not be voided by the insurance company beginning ____ year...
Health Insurance Exam Questions
and Verified Answers 100% Correct
()
Question:
How is the Life and Health Insurance Guaranty Associated funded?
Answer:
From member companies
Question:
A life insurance contract may not be voided by the insurance company
beginning ____ years after the policy's issue date
Answer:
2 years
Question:
If an agent is found to be incompetent and trustworthy or financially
irresponsible the commissioner of insurance may
Answer:
Suspend, revoke, or refuse to renew the agents license
,Question:
An agent complete an application with a client for a $50,000 life insurance
policy. At what point is the latest a policy summary and buyers guy must be
given to the applicant?
Answer:
Upon policy delivery
Question:
And insurance applicant was recently denied insurance coverage. The
applicant is requesting access from the insurer to record personal information
regarding this decision. Under the information and privacy protection act, the
insurer MUST make the information available within ___ business days
Answer:
30 days
Question:
One roll of the life and health guaranty association is to
Answer:
Maintain public confidence in the promises of insurers
, Question:
Life insurance replacement regulation is designed to protect the interest of
Answer:
Policyowners
Question:
How long is the free look period for accident and health policies sold in North
Carolina?
Answer:
10 days
Question:
In order for a domestic, foreign, or alien insurance company to conduct
business, it must be authorized by whom?
Answer:
The state where they are conducting business
Question:
An example of unfair discrimination would be
Answer:
Offering different terms of coverage for a different policy owners having the
same risk classification
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