Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Prior to annuitization, what is the nonforfeiture value of an annuity? A. Only premiums vested in the account for three years prior to withdrawal. B. All premiums paid. C. Total accumulation of cash growth value. D. All premiums paid, plus interest, minus any withdrawals and surrender charges. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link What type of authority is given by an insurer to an agent but NOT formally communicated? A. Express B. Implied C. Written D. Apparent Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Under the Affordable Care Act, insurer may refuse to accept an internal appeal on a denied claim if A. the claim is under $500. B. the insured is unable to pay an appeal fee. C. the appeal is filed more than 180 days after the claim denial. D. the insured has submitted three appeals within the calendar year. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A health insurance policy has $1,000 deductible and 80%/20% coinsurance of the next $3,000. The insured receives a medical bill of $5,000. How much would the insured be responsible to pay? A. $1,000 B. $1,800 C. $3,000 D. $4,000 Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death? A. Survivorship. B. Dual capacity. C. Joint. D. Spousal. Submit Answer