Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 - Life-and-Accident-and-Health-or-Sickness-Producer-Combo FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

In accident and health insurance underwriting, when the risk imposed by an applicant is similar to the risks imposed by most other applicants, the applicant is:

A. Charged the standard premium rate B. Charged an additional premium for the first three years C. Declined coverage D. Required to pay the first year's premium in a lump sum

Discussion 0

Correct Answer: A Vote an answer

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Question 2

A definite and unqualified proposal of contract terms by one party to another is:

A. An offer B. An agreement C. An oral contract D. A binder

Discussion 0

Correct Answer: A Vote an answer

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Question 3

Advertisements in general shall be:

A. Clear only by familiarity with insurance terminology B. Truthful C. Clear only by implication D. Approved by the Insurance Commissioner

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Correct Answer: B Vote an answer

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Question 4

When a producer sells an individual accident and health insurance policy, how is the initial premium usually paid?

A. The producer collects and forwards it to the insurer B. The applicant sends it directly to the insurer with the application C. The insurer bills the applicant when the application is approved D. The insurer utilizes the applicant's automatic bank draft authorization

Discussion 0

Correct Answer: A Vote an answer

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Question 5

An insurance adviser's written contract with the client must include all of the following EXCEPT:

A. Disclosure as to whether commissions may be received B. Duration of the contract C. Expiration date of the consultant's license D. Amount of the fee

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Correct Answer: C Vote an answer

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Question 6

The time when an insured must be disabled before becoming eligible for disability benefits is the:

A. Grace period B. Benefit period C. Contestability period D. Elimination period

Discussion 0

Correct Answer: D Vote an answer

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Question 7

A company's universal life insurance policy must disclose the:

A. Availability of riders B. Meaning of a corridor C. Surrender charges of the policy D. Maximum face amount an individual can purchase

Discussion 0

Correct Answer: C Vote an answer

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Question 8

Who is responsible for reporting the licensee's change of name or address to the Maryland Insurance Administration?

A. The licensee B. The managing general agent C. The staff of the Maryland Insurance Administration D. The appointing insurer

Discussion 0

Correct Answer: A Vote an answer

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Question 9

Pat owns a small business and is interested in enrolling her son in the Maryland Children's Health Insurance Program. Which of the following is the MOST appropriate person for Pat to contact for enrollment?

A. A SHOP Exchange Navigator B. The Maryland Insurance Commissioner C. An Insurance Producer authorized to work in the SHOP Exchange D. A certified Navigator or authorized Producer for the Individual Exchange

Discussion 0

Correct Answer: D Vote an answer

Question 10

Which type of Medicare Supplement information can be used without prior state approval?

A. Radio announcements approved by the insurer B. Insurance company brochures C. Television advertisements approved by the insurer D. Government publications

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Correct Answer: D Vote an answer

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Question 11

The entire contract provision in an individual accident and health insurance policy states that the producer:

A. Has company authority to change the policy B. Has no authority to change the policy or waive any of its provisions C. May waive only certain contract provisions D. Has company authority to waive any contract provisions

Discussion 0

Correct Answer: B Vote an answer

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