Free Disability Income Insurance Practice Questions
Delaware Life, Accident & Health exam — 37 practice questions.
Subtopics: Relation of earnings to insurance, Relation of earnings floor, Recurrent disability, Total disability definition, Purpose, Elimination period, Benefit period, Definition of disability, Residual disability, Probationary period, Presumptive disability, Any occupation, Business overhead expense, Disability buy-out, Cost of living adjustment, Social insurance supplement, Nonoccupational coverage, Waiver of premium, Future increase option, Disability benefit, Benefit amount, Total disability, Partial disability, Group disability, Social Security disability, Key employee DI, Occupational coverage
Read the Disability Income Insurance study guide
Sample questions & answers
1. Delaware's optional Relation of Earnings to Insurance provision may be used only in a policy whose loss-of-time benefit may be payable for at least:
52 weeks
The provision may be included only in a selectively underwritten policy providing a loss-of-time benefit that may be payable for at least 52 weeks.
2. When Delaware's relation-of-earnings provision reduces disability benefits, the combined monthly loss-of-time benefits may not be cut below the lesser of the unadjusted total and:
$300
The provision may not reduce total combined loss-of-time benefits below the lesser of $300 and the total benefits determined without the overinsurance provision.
3. A recurrent disability provision in a Delaware individual policy may not require that two periods of disability be separated by more than:
6 months
A policy may contain a recurrent disability provision, but it may not specify that a recurrent disability be separated by a period greater than six months.
4. Under Delaware Regulation 1304, an individual policy's definition of total disability may NOT be based solely on the insured's inability to perform:
Any occupation whatsoever
Total disability cannot be defined solely as inability to perform "any occupation whatsoever"; definitions based on the insured's regular occupation, or on occupations suited to education, training, or experience, are permitted.
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Practice: Disability Income Insurance
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.
