Free Disability Income Insurance Practice Questions
Rhode Island Life, Accident & Health exam — 36 practice questions.
Subtopics: Time of payment of claims, Disability claim settlements, Disability claim notice, Purpose, Elimination period, Benefit period, Definition of disability, Residual disability, Probationary period, Presumptive disability, Recurrent 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. For a Rhode Island disability income policy with periodic benefits, the time of payment of claims provision requires accrued benefits to be paid no less often than:
Monthly
Section 27-18-3(a)(8) requires the insurer to insert a payment period that must not be less frequently than monthly for periodic indemnities.
2. When a Rhode Island insurer offers a cash settlement of a first-party long-term disability income claim that is not in bona fide dispute, it must:
Give the insured a signed present value calculation of future benefits
Section 1.4(K) of the claims rule requires a present value calculation of future benefits, a copy of which is given to and signed by the insured when the settlement is entered into.
3. Under Rhode Island's optional wording for disability benefits payable for at least two years, how often may the insurer require notice that the disability continues?
At least once every six months
Section 27-18-3(a)(5) allows such policies to require notice of continuance of the disability at least once in every six months after notice of claim, except in case of legal incapacity.
4. Disability income insurance is designed to replace:
A portion of earned income lost when disability prevents work
Disability income pays periodic benefits to replace part of the earnings lost during a covered disability.
All Life, Accident & Health topics
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.
