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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Products and Provisions | 30% | - Policy Provisions, Riders and Options
|
| Topic 2: Insurance Regulation and General Principles | 20% | - Insurance Concepts
|
| Topic 3: Accident and Health Insurance | 35% | - Health Insurance Basics
|
| Topic 4: Underwriting, Marketing and Sales Practices | 15% | - Sales and Customer Service
|
1. With respect to a life settlement contract, no person shall directly or indirectly pay a referral or finders fee to any person other than the
A) life settlement broker.
B) owner ' s accountant.
C) insurance consultant.
D) owner ' s physician.
2. Upon receipt of notice of claim, the insurance company will furnish to the claimant such forms for filing proof of loss within how many days?
A) 15
B) 20
C) 30
D) 10
3. In accidental injury insurance, the insurance policy, the endorsements, and any relevant papers attached to the policy make up the:
A) Uniform mandatory policy provisions
B) Completed application
C) Entire contract
D) Notice of coverage
4. Which approach considers the future needs of the survivors in determining amounts of life insurance?
A) Cost Comparison Approach.
B) Living Benefits Approach.
C) Needs Approach.
D) Human Life Value Approach.
5. In broad terms, the types of support and services generally associated with Long-Term Care policies are provided at which three levels of care?
A) Functional, rehabilitational, and medical care.
B) Professional, social, and economic care.
C) Home-based, assisted living, and medical care.
D) Skilled nursing, Intermediate, and custodial care.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
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