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Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. An employee with $50,000 group life insurance coverage terminates employment and submits an application WITHOUT the initial premium for a $50,000 conversion policy. If the employee dies 15 days later, the insurer would pay:
A) $50,000 under the new policy, less the initial premium amount due
B) $50,000 under the group plan
C) $50,000 under the new policy
D) Nothing at all
2. (If all beneficiaries die before the insured dies, the proceeds of a life insurance policy will be paid to:)
A) The insured's creditors
B) The insured's estate
C) A beneficiary named by the court
D) The beneficiary's estate
3. It is unlawful for a person to provide an advertisement that:
A) Makes a comparison of benefits between policies
B) Refers to the insurer's financial rating
C) Points out coverage advantages of a policy
D) Uses a policy title to misrepresent a coverage
4. (What is the effect on a life insurance policy if the insured fails to repay the full value of loans taken against the policy?)
A) The death benefit is reduced.
B) The policy becomes void.
C) Dividends are suspended.
D) The premium is increased.
5. In Maryland, a group accident and health certificate of insurance must contain:
A) A summary of policy features and benefits
B) A list of all participating physicians
C) The insurer's financial statement
D) A copy of the group contract
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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