INSURANCE (IN PROGRESS)

A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as

• a)Survivor protection.

• b)Life planning.

• Survivorship insurance.

  
  

• Juvenile protection provision.

  
  

If a policy includes a free-look period of at least 10 days, the Buyer’s Guide may be delivered to the applicant no later than

• a)With the policy.

• Upon issuance of the policy.

  
  

• Within 30 days after the first premium payment was collected.

  
  

• Prior to filling out an application for insurance.

  
  

Under the uniform required provisions, proof of loss under a health insurance policy normally should be filed within

• 60 days of a loss.

• 90 days of a loss.

  
  

• 20 days of a loss.

  
  

• 30 days of a loss.

  
  

Which of the following is true about the requirements regarding HIV exams?

• HIV exams may not be used as a basis for underwriting.

  
  

• The applicant must give prior informed written consent.

  
  

• Results may be disclosed to the agent and the underwriter.

  
  

• Prior informed oral consent is required from the applicant.

  
  

If a policy includes a free-look period of at least 10 days, the Buyer’s Guide may be delivered to the applicant no later than

• With the policy.

  
  

• Upon issuance of the policy.

  
  

• Within 30 days after the first premium payment was collected.

  
  

• Prior to filling out an application for insurance.

  
  

Which of the following is NOT covered under Plan A in Medigap insurance?

• The first three pints of blood each year

  
  

• The Medicare Part A deductible

  
  

• Approved hospital costs for 365 additional days after Medicare benefits end

  
  

• The 20% Part B coinsurance amounts for Medicare approved services

  
  

As it pertains to group health insurance, COBRA stipulates that

• Terminated employees must be allowed to convert their group coverage to individual policies.

  
  

• Group coverage must be extended for terminated employees up to a certain period of time at the employer's expense.

  
  

• Group coverage must be extended for terminated employees up to a certain period of time at the former employee's expense.

  
  

• Retiring employees must be allowed to convert their group coverage to individual policies.

  
  

In a survivorship life policy, when does the insurer pay the death benefit?

• Upon the last death

  
  

• Upon the first death

  
  

• Half at the first death, and half at the second death

  
  

• If the insured survives to age 100

  
  

An applicant for a health insurance policy returns a completed application to her agent, along with a check for the first premium. She receives a conditional receipt two weeks later. Which of the following has the insurer done by this point?

• Approved the application

  
  

• Issued the policy

  
  

• Neither approved the application nor issued the policy

  
  

• Both approved the application and issued the policy

  
  

Under the Fair Credit Reporting Act, if a consumer challenges the accuracy of the information contained in a consumer or investigative report, the reporting agency must

• Send an actual certified copy of the entire report to the consumer.

  
  

• Respond to the consumer's complaint.

  
  

• Defend the report if the agency feels it is accurate.

  
  

• Change the report.