Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Once a life policy has been in effect for 2 years, what clause protects a policyowner from a misrepresentation caused by an unintentional mistake? A. An elimination clause B. A negligence clause C. An incontestable clause D. A nonforfeiture clause Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Under the grace period, an insured submits a $300 claim for medical expenses. The insurer notes that the insured has a past due premium of $100, and as a result, the insurer only pays $200. Which of the following provisions covers this situation? A. Unpaid premium B. Payment actions C. Payment of claims D. Misstatement of age Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Universal life and variable life insurance policies contain many similar features. Which of the following features is unique to variable universal life insurance? A. It includes an option to increase, decrease, or skip premium payments B. It allows for the option to contribute large amounts of money into the plan C. It allows for the option to increase or decrease the amount of insurance D. It includes the right to select the investment which will provide the greatest return Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link All of the following preventive care services are provided by health insuring corporation (HIC) primary care physicians EXCEPT A. Well-baby checkups B. Immunizations for children C. Hearing screenings for adults D. Physical examinations Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link 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. owner's physician B. insurance consultant C. owner's accountant D. life settlement broker Submit Answer