Policyowner - Study guides, Class notes & Summaries
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Xcel solutions final exam Maryland Life and health questions and answers 100% pass
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Xcel solutions final exam Maryland Life and health questions and answers 100% pass 
What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits 
A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group 
During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...
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LOMA 281 Module 3 Study Questions and Answers 2023-2024
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Waiver of premium for disability benefit - A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. 
 
Waiver of premium for payor benefit - A supplemental life insurance policy benefit under which the insurer agrees to waive its right to collect a policy's renewal premiums if the policyowner dies or becomes totally disabled. 
 
Disability income benefit - A suppleme...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed
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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed 
Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. 
Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. 
Which of the following occurs immediately after the application is submitted and the initial premium paid?...
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Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass
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Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% 
A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient 
Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce 
Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider 
What benefit does the payor clause on a Ju...
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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated
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XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated 
XCel 2-15 florida life & health state exam 
simulator/Answered/A+ Rated 
what is considered to be a characteristic of an immediate annuity 
benefit payments start within one payment period of purchase 
3 MULTIPLE CHOICE OPTIONS 
which of these characteristics is consistent with a straight life policy 
premiums are payable for as long as there is insurance coverage in force 
3 MULTIPLE CHOICE OPTIONS 
an insureds inability t...
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CA LIFE EXAM - PSI - Questions and Answers Latest 2024
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A participating company is also referred to as which type of insurer? - CORRECT 
ANSWER-Mutual insurer 
An insurer owned by its policyholders, is called a - CORRECT ANSWER-Mutual 
insurer 
What is a participating life insurance policy? - CORRECT ANSWER-Contract that 
allows the policyowner to receive a share of surplus in the form of policy 
dividends 
An insurer enter into a contract with a third-party to ensure itself against losses 
from insurance policies it issues. What is this agreement ca...
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WI Life Insurance Exam Questions and Answers Already Passed
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WI Life Insurance Exam Questions and 
 
Answers Already Passed 
 
What is the purpose of the Wisconsin State Life Insurance Fund? 
 
a) to offer low-cost life insurance to state residents 
b) To protect insured against insolvent insurers 
c) To advertise different types of life insurance policies available in the state 
d) To provide life insurance through licensed intermediaries a 
 
An employee is insured under her employer's group life plan. If she terminates her group 
coverage, which of th...
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AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
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AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: A life policy that has premiums that are lower than normal during the early years is called 
 Decreasing term 
 Modified life 
 Variable life 
 Limited-pay life 
 
 
Answer: 
Modified life 
 
 
Q: a material change in a modified endowment contract (MEC) results in 
the contract becoming void 
a new contestable period 
the seven pay test, adjustable for cash value, applies again 
a tax ...
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Texas Life and Health Insurance Exam (question and answers) 2022/2023
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application 
 
Who elects the governing body of a mutual insurance company? - ANSWER policyholders 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act 
 
What type of reinsurance contract involves two companies automatically sharing their ri...
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