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MO Health & Life Insurance Exam 100% Adverse Selection -ANSWER insuring of risks that are more prone to losses than the average risk agent/producer -ANSWER legal representative of insurance company producer -ANSWER includes agents and brokers agent -ANSWER agent of the insurer applicant -ANSWER a person applying for insurance beneficiary -ANSWER person who receives benefits of an insurance policy death benefit -ANSWER the amount paid upon death of the person insured through li...

MO Life & Health Exam Questions & AAccelerated Benefits -ANSWER Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident -ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance -ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury -ANSWER Unplanned, unforeseen traumatic injury to the body...

Missouri Life & Health Insurance State Exam Simulator- 200+ questions With Correct Solutions! J's Major Medical policy has a $2000 deductible and an 80/20 coinsurance clause. If J is hospitalized and receives a bill for $10,000, j would pay -ANSWER 3,600 (2k + 20% of thr remaining bill) Life insurance that covers an insured's whole life with level premiums paid over a limited time is called: -ANSWER Limited Pay Life What is the purpose of the Missouri Life and Health Insurance Guara...

Missouri Life & Health Insurance FinaWhose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? -ANSWER policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? -ANSWER policy was returned with the "free look" perio...

Final Exam-Missouri Life and Health Verified!Which of the following types of care is typically not covered in a Long-Term Care policy -ANSWER Accupuncture S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with minimum level or risk. Which product would S be advised to purchase? -ANSWER Equity index Insurance Each life insurance applicant in Missouri is expected to be provided with a(n) -ANSWER Buyer's ...

missouri life accident and health exams accurate(Rated A+) any transaction which new life insurance or a new annuity is purchased - ANSWERReplacement is the company that issuse the new policy - ANSWERReplacing insurer is the company whose policy is being replace - ANSWERExisting insurer that is signed by both the applicant and the producer a copy must be left with applicant - ANSWERnotice Regarding replacement by existing insurer or its producers or by broker to dissuade a current p...

Missouri Life and Health Exam Questions aIn a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWERwhen the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? ...

Life and Health Insurance Exam (Missouri)Questions And Answers Accurate 100% Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud -ANSWER Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal ...

Missouri Life and Health Insurance QuestionInsurance transaction includes: -ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract -ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application -ANSWER - Applicant When does acceptance take place -ANSWER - An insurers underwriter ap...

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