Alabama Life Health Insurance State Exam

9 Alabama Life & Health Insurance State Exam Practice Questions 2023 - 2024 (Verified) 1.if lousie allows her whole life policy to lapse which nonforfeiture option shoild she elect to obtain the most life insurance protection? ANS Extended term option 2.If administrative action is taken against you, or you are criminally prosecut- ed in another jurisdiction, you have how long to submit a notice to the Alabama commissioner? ANS 30 days 3.How can 'key employee' disability income insurance purchased by business be used by the business ANS Both ANS temporary replace the key employee and as a salary continuation for the disabled key employee 4.In health maintenance organizations (HMO's) the use of a primary care physician is common as part of ANS An out of network provider 5.Under the typical coordination of benefits clause in group health insurance how is the primary coverage determined ANS The employee plan 1 / 2 Download at gaviki.comDownload at gaviki.com

9 is primary and the other may be excess 6.The entire contract provision stipulates ANS The entire contract includes the ap- plication 7.A man applied for long term care policy. Three months earlier he was diagnosed with diabetes, can the LTC policy exclude future health problems linked with diabetes? ANS Yes, for 6 months 8.The 'elimination period' refers to ANS The time period after a disability starts and before the insured may begin receiving disability income benefits 9.The basic purpose for the coinsurance provision in a major medical policy is to ANS Limit over utilization of the policy benefits 10.Which rider can decrease the amount of the policy death benefit if utilized- ANS Automatic premium loan rider 11.The settlement option under which the principal never decreases unless the beneficiary makes withdrawals is the ANS The interest only option 12.If you surrender your policy early or simply stop paying premiums you

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