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| Section | Objectives |
|---|---|
| Topic 1: State Regulations (New York) | - Ethics and compliance
|
| Topic 2: Accident and Health Insurance | - Health insurance products
|
| Topic 3: Insurance Fundamentals | - Principles of insurance and risk management
|
1. Under Workers ' Compensation, injured employees are covered for all of the following losses EXCEPT
A) pain and suffering.
B) loss of wages.
C) medical expenses.
D) occupational illness.
2. When MUST a newborn child be covered under an existing health insurance policy?
A) Immediately.
B) Within 45 days.
C) Within 30 days.
D) Within 24 hours.
3. Insurance that is designed to pay the balance of a loan if the insured dies before the loan has been repaid in full is
A) credit life.
B) life settlement.
C) universal life.
D) whole life.
4. Which of the following is a basic benefit of Medicare Supplemental insurance?
A) At-home recovery.
B) Preventive care.
C) First 3 pints of blood each year.
D) Basic drugs limit of $1,250.
5. Which of the following statements is TRUE regarding a waiver of premium rider?
A) There will be no change in the policy other than the insured no longer has to pay the premiums on the policy.
B) The policy ' s cash value will continue to grow, but at a slower rate because the insured is no longer paying premiums.
C) The insured will automatically become eligible for accelerated death benefits.
D) The death benefit will be reduced by the amount of the unpaid premiums.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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