Free Life Accident and Health Insurance Basics Practice Questions
Maryland Life, Accident & Health exam — 116 practice questions.
Subtopics: Stock insurer, Mortality table, Domestic insurer, Foreign insurer, Admitted insurer, Express authority, Apparent authority, Conditional receipt, Consideration, Policy summary title, In-force data fee, Illustration label, Prohibited illustration terms, Illustration signature, No illustration used, Buyer's guide purpose, Accelerated benefit marketing, Accelerated benefit tax disclosure, Viatical broker, Viatical rescission, Terminally ill definition, Viatical broker license, Chronically ill definition, Insurable interest, 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, 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, Application changes, 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. Who owns a stock life insurance company?
Its stockholders
A stock insurer is owned by its shareholders, who supply capital and share in profits; policyowners do not own the company.
2. Mortality tables are used by life insurers primarily to estimate:
The probability of death at each age
Mortality tables show expected death rates by age and gender and are a key factor in pricing life insurance.
3. An insurer domiciled in Maryland and doing business in Maryland is classified as a:
Domestic insurer
A domestic insurer is one formed under the laws of, and domiciled in, the state in which it is operating.
4. An insurer formed in another U.S. state but operating in Maryland is classified as a:
Foreign insurer
A foreign insurer is domiciled in another U.S. state; an alien insurer is domiciled in another country.
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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.
