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1. Long-term care policies may NOT exclude
A) treatment payable by workers' compensation.
B) organic cognitive disorders.
C) treatment caused by participation in criminal activities.
D) alcoholism and drug addiction.
2. To prevent an insured from earning a higher income than if he or she were working, disability income policies utilize
A) benefit limits.
B) waiting periods.
C) coinsurance.
D) deductibles
3. A group health insurance Certificate of Coverage is
A) only provided to an employer
B) given to the employee as proof of coverage.
C) issued to the policyowner as proof of coverage.
D) issued in lieu of a policy.
4. What annuity payout option has no additional payouts regardless of when the annuitant dies?
A) Cash refund.
B) Installment refund.
C) Life only.
D) Life certain.
5. An Insurer, in general business practice, fails to promptly provide a reasonable explanation for the denial of a claim. This is considered to be
A) a contractual liability.
B) a violation of the grace period provision.
C) an unfair claim settlement practice.
D) a fraudulent insurance act.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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