Free Life Accident and Health Insurance Basics Practice Questions
Idaho Life, Accident & Health exam — 122 practice questions.
Subtopics: Concealment, Waiver, Estoppel, Express authority, Apparent authority, Human life value, Needs approach, Utmost good faith, Warranty, Insurable interest, Insurable interest timing, Consent, Representations, Life settlement license, Life settlement notice, Life settlement rescission, Life settlement timing, Terminally ill, Chronically ill, STOLI, Change of ownership, AD&D timing, Accident only minimums, Accident only waiting periods, Guaranteed renewable, Noncancelable, Outline of coverage, Minimum standards purpose, Coverage categories, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, 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, Mortality table, 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, Application signatures, Third-party consent, Application changes, Incomplete application, Premium receipt, Risk classification, Substandard rating, Underwriting sources, Accelerated underwriting, Genetic information, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
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Sample questions & answers
1. Intentionally withholding a material fact from the insurer during the application is:
Concealment
Concealment is the deliberate failure to disclose a material fact the insurer would want to know.
2. The voluntary giving up of a known right, such as an insurer accepting a late premium, is:
Waiver
Waiver is the voluntary relinquishment of a known right by one of the parties.
3. When an insurer is prevented from denying coverage because of prior conduct the insured relied upon, this is:
Estoppel
Estoppel prevents a party from asserting a right that is inconsistent with its previous conduct that another reasonably relied upon.
4. The authority an insurer specifically grants a producer in the agency contract is:
Express authority
Express authority is the authority specifically given to the producer in writing in the agency agreement.
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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.
