150 days
The widower of an agent was issued a temporary license 30 days ago. How much longer can he legally serve under this license?
Dread disease coverage
An applicant has a history of heart disease in his family, so he would like to buy a health insurance policy that strictly covers heart disease. what type of policy is this?
All providers will have the same coverage options and conditions for each plan
In reference to the standard medicare supplement benefits plans, what does the term "standard" mean?
Notice Regarding replacement
Shortly after a replacement transaction on a medicare supplement policy the insured decided to cancel the policy, but is unsure whether or not the free look provision applies. The insured could find that information in the:
it is used to lower premiums
An insurer invests the money it receives from premiums paid by its insureds. which of the following is TRUE regarding the interest earned on these investments?
Producer B writes a group policy covering a large hospital where his wife is the comptroller. This represents 27% of his commissions last year
Which of the following cases would constitute a violations of Louisiana's Controlled Business Statute?
the rider is available to all insureds with no additional premium
All of the following are true regarding the guaranteed insurability rider EXCEPT:
home health care
Which of the following types of LTC is not provided in an institutional setting?
20
Following hospitalization because f an accident, Bill was confined in a skilled nursing facility. Medicare will pay full benefits in the facility for how many days?
coercion
A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of:
$200,000
An insured purchased a 15-year level term insurance policy with a face amount of $100,000. The policy contained an accidental death rider, offering a double indemnity benefit. The insured was severely injured in an auto accident, and after 10 weeks of hos
expense loading
Insurer X charges the premium from its insured customers, passing on operating expenses for the company. The operating expenses plus the premium equals the "gross" premium. What is another name for the operating costs for Insurer X?
24
If authorized to write life and property and casualty insurance, how many hours of continuing education instruction are producers required to complete every 2 years?
The commissioner
If a producer is suspected of acting in violation of the Insurance code, what authority would preside over a legal hearing regarding the matter?
Both the applicant and agent
Who must sign the notice regarding replacement?
Not subject to income taxation by the federal government
Death benefits payable to a beneficiary under a life insurance policy are generally:
the cost of coverage is based on the ratio of men and women in the group
Which of the following statements about group life is correct?
becomes terminally ill
The accelerated benefits provision will provide for an early payment of the death benefit when the insured:
other-insured rider
A rider attached to a life insurance policy that provides coverage on the insured's family members is called the:
1
An insured's disability income policy includes an additional monthly benefit rider. For how many years can the insured expect to receive payment from the insurer before social security benefits begin?
his job requires the he flies regularly on a commercial airline
Tyler applied for an individual health insurance policy. While completing the application, his agent told him that all of the following statements would be underwriting factors EXCEPT:
disputes regarding consumer report information
According to the Fair Credit Reporting Act, all of the following would be considered negative information about a consumer EXCEPT:
180
A temporary license is good for:
annually renewable term
The death protection component of Universal life insurance is always:
decrease
As deductible amounts increase, premium amounts change in what way?
the lending institution
Who is the beneficiary in a credit health policy?
purchase a single premium policy for a reduced face amount
When a whole life policy lapses or is surrendered prior to maturity, the cash value can be used to:
return of premium rider
Because of financial obligations, john felt that he needed more insurance than the insurer was willing to issue. John's insurance producer told him that he could maximize the death benefit without increasing the face amount by the use of a:
time of payment of claims
An insured notifies the insurance company that he has become disabled. What provision states that claims must be paid immediately upon written proof of loss?
long term care
Which type of care is not covered by medicare?
the producer
A producer is charges with committing several crimes in louisiana. Who is required to report the charges to the commissioner?
he will receive no benefits
Will"s health insurance includes a Narcotics & intoxicants provision. Will has been drinking alcohol before leaving his house and driving his car into an embankment. After the police arrive on the scene, they determine that will has been drinking. Will hi
2 or more
HIPAA applies to groups of:
the fair credit reporting act
Which of the following protects consumers against the circulation of inaccurate or obsolete personal or financial information?
payment of claims
Which of the following provisions would prevent an insurance company from paying a reimbursement claim to someone other than the policy owner?
remain on the group health insurance plan and defer eligibility for medicare until retirement
When an employee is still employed upon reaching age 65 and eligibility for medicare, which of the following is the employee's option?
the planned premium pays for mortality charges and any excess is returned to the policy owner
All of the following are characteristics of a universal life policy EXCEPT:
consider decreasing the premium
When Ken purchased his health policy he was a window washer. He has since changed occupations and now manages a library. Upon notifying the insurer of his change of occupation, the insurer should:
a joining together by the employers to provide health benefits for employees
Which statement best defines a multiple employer welfare arrangement (MEWA)?
the insurer may terminate the contract only at renewal for certain conditions
Which of the following is not a feature of a noncancellable policy?
it is never legal to limit coverage based on marital status
In which of the following situations is it legal to limit coverage based on marital status?
4 years
The commissioner is elected to a term that lasts for:
election
How can a person become the Commissioner?
residual disability
Disability income policies can provide coverage for a loss of income when returning to work only part-time after recovering from total disability. What is the benefit that is based on the insured's loss of earnings after recovery from a disability?
the date of medical exam
An individual applied for an insurance policy and paid the initial premium. The insurer issued a conditional receipt. Five days later the applicant had to submit to a medical exam. If the policy is issued, what would be the policy's effective date?
no later than 1 year from the time of purchase
Your client uses $50,000 in inheritance money to purchase a single premium immediate annuity. How soon can he begin receiving income payments?