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Life License-Test#3

Part 5

QuestionAnswer
121. for more serious offenses and convictions, an application for a license can be denied w/out a hearing. Which of following circumstances would allow for an application to be denied for an insurance license, without a hearing? the applicant for the license has had a previous license denied for cause within the previous 5 years
122. if a physician is paid through a Preferred Provider Organization (PPO), the normal way of paying him/her is: by payment directly for each service
123. which coverage is available at no cost to persons at age 65? Medicare Part A
124. in a Workers' Compensation contract, Part One provides payments for which of the following? sums the employer is legally required to pay under State Workers' Compensation Laws
125. the Family Medical Leave Act provides for what minimum amount of unpaid leave? 12 weeks
126. an insurance company which is owned by individuals who purchase shares of stock in the company, share in profits in proportion to shares owned, and vote for a board of directors is known as what type of insurer? Stock insurer
127. which of following is the definition of morbidity? the likelihood of illness or injury
128. the term which describes a participant's absolute ownership over retirement plan monies is: vested
129. a dependent who is developmentally disabled can continue to be covered by the insured's policy: for as long as the condition causing the disability continues
130. the rules regarding life insurance policy illustrations are intended to ensure all of the following, except: ensure that the illustration specifies that both guaranteed and non-guaranteed elements will continue unchanged for all years shown
131. which of following is true in regard to health insurance issued on a group basis? all eligible members must be covered under a "non-contributory" group health plan
132. which of following disclosures is allowed during the presentation of tax-qualified LTC insurance? that the plan may receive certain federal and state tax advantages
133. all of following are covered by the CLHIGA, except: employer self-funded plans
134. what is one difference between group life and individual life plans? group life may be experience rated
135. if an insurer knowingly allows one of its agents to mislead a member of the public in order to induce the person to change their existing insurance, the Commissioner may: suspend the insurer's certificate of authority for the class of business involved
136. which of following must a life agent issue only to elders? notice of Medi-Cal eligibility
137. which of following is NOT covered by the CLHIGA? group stop loss plans
138. all of following are required to be included in life insurance illustrations, except: a statement that the benefits in the illustration are guaranteed
139. transaction of insurance includes all of following, except: stuffing envelopes with sales material on behalf of a agent
140. if an insurer indicates that an illustration will be used, they must do which of following? send a summary status report to the policyholder annually
141. which is not a way that LTC is provided? a federal government sponsored plan
142. in a group life plan, a dependent child attending an educational institution may be covered until age: 24
143. an insurer advertising Term to Age 55 on tv must disclose: that policy (or certificate) benefits and limitations should be carefully examined prior to purchase
144. Adult Day Care is a provision of which of following? LTC insurance
145. Joe and Kate have 4 adult children. After Joe dies, Kate is told that she will have to wait until what age to collect her husband's Social Security benefits? 60
146. Qualification for Social Security is based upon: the number of quarter worked
147. the insurer can change the premium assuming it is changed for all insureds in a class. However, the company cannot refuse to renew the policy, or cancel it. This is a/an __________ policy. guaranteed renewable
148. which of following is a retirement plan designed for self-employed individuals? Keogh
149. which is the most commonly covered specified disease? cancer
150. James is injured and no longer has the use of his eyes. He is declared legally blind. This is considered to be a: Total disability
Created by: jennyhqs2
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