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Washington Laws And Rules Pertinent To Insurance XCEL All Chapter Final Exams/ Insurance Part 2 Questions And Answers With Verified Solutions Already Passed!!!$16.49
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Washington Laws And Rules Pertinent To Insurance XCEL All Chapter Final Exams/ Insurance Part 2 Questions And Answers With Verified Solutions Already Passed!!!
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Washington Laws And Rules Pertinent To Insurance
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Washington Laws And Rules Pertinent To Insurance
Washington Laws And Rules Pertinent To Insurance XCEL All Chapter Final Exams/ Insurance Part 2 Questions And Answers With Verified Solutions Already Passed!!!
Washington Laws And Rules Pertinent
To Insurance XCEL All Chapter Final
Exams/ Insurance Part 2 Questions And
Answers With Verified Solutions Already
Passed!!!
A policyholder has a major medical plan with a 80%/20% coinsurance and a
deductible of $75. If the insured has previously met her deductible and receives a
bill for $175, how much will the insurer pay? - ANSWER✔✔$140
The conversion privilege under a group life plan allows an employee to convert to
a(n) - ANSWER✔✔individual plan upon employment termination
The suicide clause of a life insurance policy states that if an insured commits
suicide within a stated period form the policy's inception, the insurer will only be
liable for a return of premiums paid - ANSWER✔✔minus indebtedness and
without interest
An insured individual and the policy's beneficiary die from the same accident. The
common disaster provision states the insurer will continue as if - ANSWER✔✔the
insured outlived the beneficiary
Which of the following typically does Not provide a form of managed care? -
ANSWER✔✔Major medical indemnity plan
When are group disability benefits considered to be tax-free to the insured? -
ANSWER✔✔when the recipient pays the premiums
,Filed Underwriting performed by the producer involves - ANSWER✔✔completing
the application and collecting initial premium
Pre-death distributions from a modified endowment contract (MEC) receive
different tax treatment than other life insurance policies because -
ANSWER✔✔the MEC tends to be an investment vehicle
A producer found to have engaged in unfair method of competition may be -
ANSWER✔✔Subject to license suspension or revocation
The waiver of premium dose Not include which provision? - ANSWER✔✔All
future premiums are waived if the insured recovers form the disability
Which of the following Correct regarding disclosure regulations - ANSWER✔✔it
requires the delivery of the buyer's guide and a disclosure document to applicants
Part A Hospital expense coverage provided under Medicare is automatically made
available to each of the following EXCEPT - ANSWER✔✔A 70-year old Not
eligible for Social Security
level premiums permanent insurance accumulates a reserve that will eventually -
ANSWER✔✔equal the face amount of the policy
Coordination of benefits regulation applies to all of the following plans EXCEPT -
ANSWER✔✔Preferred Provider Organization plan
, Long-term care policies sold in Washington must provide coverage for at least -
ANSWER✔✔12 months
Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits.
Which of these benefit options would he choose? - ANSWER✔✔Guaranteed
lifetime withdrawal benefit
A disability income policy can prevent an insured form earning a higher income
than if he/sh were working by utilizing - ANSWER✔✔benefit limits
Lisa has recently bought a fixed annuity. Which of these is considered to be a
disadvantage of owning this type of annuity? - ANSWER✔✔During periods of
inflation, annuitants will experience a decrease in purchasing power of their
payments
Kurt is an active duty serviceman who was recently killed in an accident while
home on leave. Which military service exclusion clause would pay upon his death?
- ANSWER✔✔Results
No legal action can be initiated after 5 years form the - ANSWER✔✔Initial time
written proof of loss has been provided
Someone needing custodial care at home would require which type of coverage? -
ANSWER✔✔Long-term care
The primary purpose of replacement regulation is to - ANSWER✔✔protect policy
owners form misrepresentations and loss of benefits
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