Free Life Accident and Health Insurance Basics Practice Questions
Alaska Life, Accident & Health exam — 112 practice questions.
Subtopics: Mortality table, Concealment, Material misrepresentation, Waiver, Estoppel, Conditional contract, Consideration, Express authority, Apparent authority, Insurable interest, Consent of insured, Application changes, Assignment, Health insurance defined, Stop-loss, Representations, Reinstatement application copy, Policy delivery, Entire contract, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value, Application signatures, Third-party consent, Incomplete application, Premium receipt, Risk classification, Substandard rating, Underwriting sources, Accelerated underwriting, Genetic information, STOLI, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
Read the Life Accident and Health Insurance Basics study guide
Sample questions & answers
1. In life insurance a mortality table is used to estimate:
The probability of death at given ages
A mortality table estimates the probability of death at various ages for pricing life insurance.
2. An applicant who deliberately withholds a material fact from the insurer commits:
Concealment
Concealment is the intentional failure to disclose a material fact to the insurer.
3. A material misrepresentation on an insurance application is significant because it:
May allow the insurer to rescind the policy within the contestable period
A material misrepresentation can let the insurer rescind the policy during the contestable period.
4. The voluntary giving up of a known right by the insurer is called:
Waiver
Waiver is the voluntary relinquishment of a known right.
All Life, Accident & Health topics
Practice: Life Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
