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Alabama Life & Health Insurance Test 2023 - 2024 (Verified) 1.Which welfare program provides assistance to the needy? ANS Medicaid 2.Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n) ANS revocable beneficiary 3.Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? ANS 30 4.Which type of term policy allows the policyowner to switch to permanent insurance? ANS Convertible term 5.What does renewable term guarantee? ANS The insured's insurability 6.If an insured commits suicide, a life insurance policy's face amount will be paid only after the policy has been in force for at least ANS two years 1 / 3 Download at gaviki.comDownload at gaviki.com
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7.Which of the following statements concerning a life insurance policy is TRUE? ANS An issued policy can never be changed by a producer 8.The proceeds of a life insurance policy can be paid in a form other than a lump-sum payment. These forms of payment are called ANS settlement options 9.The withholding of facts in an insurance application is called ANS concealment 10.A licensed Alabama insurance producer would NOT be disciplined by the Commissioner of Insurance for ANS being convicted of a misdemeanor 11.The option to convert term life insurance to a permanent form of coverage can normally be executed ANS without proof of insurability 12.Which type of life insurance rider allows a policyowner to increase the level of coverage to keep up with inflation? ANS cost of living rider 13.What is the minimum age requirement for a minor in Alabama to 2 / 3 Download at gaviki.comDownload at gaviki.com
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purchase a life insurance policy? ANS 15 14.Which of the following best describes a Health Maintenance Organization (HMO)? ANS Provides full medical services that stress preventative medicine 15.Medicare Advantage (Medicare Part C) allows the utilization of benefits through a(n) ANS HMO, PPO, or traditional insurer 16.Pat the producer just sold an insurance policy to a client, explaining that he has authority to issue the policy. Pat was not specifically granted this power from the insurance company. Pat is exercising ANS implied authority 17.A disability policy that must be renewed, cannot be cancelled until age 65, and may not have an increase in premium for any reason is called a(n) ANS non- cancellable policy 18.Benefits under a health insurance policy may (with the insured's written request) be payable to ANS a hospital, physician, or surgeon 19.Bart is injured and provides notice of a health claim to his insurer. He later receives the required claims forms. Within how many days of the loss
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