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CT LIFE AND HEALTH STATE EXAM SIMULATOR
2025 - 2026|200 QUESTIONS AND
ANSWERS|ALREADY GRADED A+
After a life insurance policy has been in force for more than years the policy is considered incontestable. ANS:->>> - 2 Years An accident and health insurance policy's premium requirements are set forth in which of the following provisions? ANS:->>> - Consideration Clause Which of these would NOT be a valid reason to add the waiver of premium rider to alife insurance policy? ANS:->>> - It allows a policy loan to cover premium payments if the policyowner becomes totally disabled. How can a group dental insurer discourage adverse selection? ANS:->>> - Limit the duration of coverage. How long is individual medical expense insurance normally written for? ANS:->>> - 1 year. Which statement about group life insurance is INCORRECT? ANS:->>> - Each participant requires evidence of insurability. The Commissioner is empowered to perform each of the following acts EXCEPT ANS:->>> - Make rules that are consistent with those of
neighboring states. Any agreement that unreasonably restrains the business of insurance is a violation of which Unfair or Prohibited Insurance Practice? ANS:->>> - Boycott, coercion and intimidation Which of the following is a requirement for an individual to receive an insurance license in Connecticut? ANS:->>> - Passing the appropriate examination. Kelly purchases a health insurance policy issued on a conditionally renewable basis. The insurance company has a right to refuse renewal of the policy for ANS:->>> - Specific reasons stated in the contract. Social security disability income requirements state that in order to become fully insured on a permanent basis, you must have worked in a covered occupation for ANS:->>> - 40 quarters During an annuity's liquidation phase, the annuitant normally ANS:->>> - receives benefit payments at regular intervals. What type of life insurance policy covers two or more persons and pays the face amount upon the death of the first insured? ANS:->>> - Joint Life
an individual who intentionally violates a Connecticut insurance law may be subject to a MAXIMUM fine of ANS:->>> - $5, If one producer provides a referral to another producer which results in the sale of an insurance contract,who will likely be paid a commission? ANS:->>> - The commission will likely be shared between the two producers. The free look period provided in a life insurance policy is usually days ANS:-
- 10 According to the Affordable Care Act (ACA), the proportion of premium revenues spent on clinical services and quality improvements is called the ANS:->>> - Medical loss ratio Which of the following is generally a form of group credit life insurance? ANS:->>> - Decreasing term insurance Emergency health care coverage for Medicare enrollees traveling abroad is ANS:->>> - a Medicare Supplement additional benefit An advantage of owning a flexible premium life insurance policy would be ANS:->>> - The policyowner can make policy changes without difficulty
Which of the following must clearly be illustrated in ALL sales material for market value adjusted annuities? ANS:->>> - The market value adjustment can be either upward or downward. Which of these situations would NOT potentially involve a prison sentence under Federal law? ANS:->>> - Selling insurance with a nonresident license Which of the following regarding hospital pre-admission authorization is NOT true? ANS:->>> - It encourages weekend admission The initial premium for a life insurance policy is typically paid in what way? ANS:->>> - It is typically obtained by the producer and forwarded to the insurer Which of the following would prevent a person from obtaining a Connecticut resident producer license? ANS:->>> - Residing in a state outside of connecticut After conducting a hearing, the Commissioner is empowered to issue a cease and desist order. A violation of such an order is punishable by a monetary fine not to exceed ANS:->>> - $50, The insurer's obligation to pay a claim depends on whether the insured or
Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from the disability plan? ANS:->>> - Taxes must be paid on 75% of the benefits received Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? ANS:->>> - Can be unequal domestic What does the rehabilitation benefit cover in a disability income policy? ANS:-
- Covers the approved cost of the rehabilitation necessary to help a disabled insured return to work A(n) is a licensee who charges a fee for contracted insurance advisory services ANS:->>> - Consultant Why does Connecticut require insurers to maintain a minimum level of assets? ANS:->>> - To demonstrate insurer solvency Which of the following is NOT an allowable exclusion for long-term care insurance policies? ANS:->>> - Care for incurable conditions A(n) insurer is incorporated and formed in Connecticut Answer -
Insurance producer Kelly offers insured a $500 shopping card if they purchase an insurance product through her. What is this an example of? ANS:->>> - Rebating, which is an unfair trade practice. When an individual buys insurance under a threat made by a producer , a violation has occurred under the ANS:->>> - Unfair Trade Practice Act Which of the following is NOT information needed to determine the suitability of an annuity ANS:->>> - Level of education Which statement regarding whole life insurance is accurate? ANS:->>> - Insurance coverage can continue for life A television advertisement features a health insurance product that is endorsed by aspecific group. In this advertisement ANS:->>> - Any control by the insurer over this group must be disclosed An individual participant personally received eligible rollover funds from a profit- sharing plan. What is the income tax withholding requirements for this transaction? ANS:->>> - 20% is withheld for income taxes Which of the following is the BEST candidate for a temporary insurance license? ANS:->>> - The executor of the estate of a deceased licensed producer
Which of the following is NOT covered by a comprehensive long-term care policy? ANS:->>> - Acute care At what point must a producer give notification to the Commissioner about using an assumed name? ANS:->>> - Prior to using the assumed name When does the producer give a premium receipt for a life insurance application? ANS:->>> - When the initial premium has been paid with the application. An accident and health plan that typically covers ONLY the services of approved providers is called a(n) ANS:->>> - HMO plan Purchasing insurance is an example of risk ANS:->>> - transference What kind of life policy typically offers mortgage protection? ANS:->>> - Decreasing term. As the outstanding loan decreases, so does the amount of term coverage. Under HIPPA, a medical plan late enrollees may be excluded for pre-existing conditions for a maximum of ANS:->>> - 18 months. The maximum length of a pre- existing condition exclusion period is 12 months after the enrollment date , or 18 months in the case of a "late enrollee"
The maximum prison sentence given under federal law for unfair and deceptive insurance practices is ANS:->>> - 15 years John has a criminal record in which he was convicted of a felony that involved dishonesty. Under Federal law, how would John be able to engage in insurance transactions? ANS:->>> - Given written consent by the state insurance regulatory agency. Which of these is NOT considered a preventative service in a dental plan? ANS:->>> - Fillings An agent's authority to bind an insurer to an insurance contract may be granted in the ANS:->>> - agent's contract and the insurance company's appointment. Why were Exchanges implemented by the Affordable Care Act (ACA)? ANS:-
- Tocreate a one-stop market for standardized health insurance plans What is the best way to define life insurance replacement? ANS:->>> - A transaction in which a new life insurance policy is purchased and an existing life insurance policy issurrendered. Which of the following is NOT a dividend option for a life insurance policy? ANS:->>> - Receiving the entire policy cash value
Someone who is licensed to negotiate a life settlement contract is called a (n) ANS:->>> - Life settlement broker A life settlement negotiates a life settlement between a policyowner and a life settlement provider. ANS:->>> - Broker Patrick purchased a long-term care policy. He has a health condition for which medical treatment was recommended by a physician within 6 months prior to the policy's effective date. This condition is called a(n) ANS:->>> - pre- existing condition What would be considered an advantage of purchasing term life insurance? ANS:->>>
- The initial premium is lower compared to an equivalent amount of whole life coverage Which benefit supplement added to a life insurance policy insures an entire family? ANS:->>> - Family term rider The interest paid during an annuity's payout period is considered ANS:->>>
- taxable as ordinary income
In regards to the Affordable Care Act (ACA), which of these is NOT a role of a health insurance exchange? ANS:->>> - Contact the employer if an employee stops coverage under a plan offered in the exchange According to the Affordable Care Act(ACA), insurers can no longer deny heath coverage due to pre-existing conditions unless the plan is a(n) ANS:-
- Grandfathered plan. Jerry has an indemnity plan which covers dental expenses. Typically, these type ofplans ANS:->>> - Cover preventative care once every six months Pat is covered by a disability income insurance policy that covers disabilities arisingfrom a work-related illness or injury. The amount of his disability income payments for an on-the-job injury may be reduced by ANS:->>> - Benefits paid under workers compensation Which of the following financial products creates an instant estate, no matter when the date of death? ANS:->>> - Life Insurance
- pre- existing condition What would be considered an advantage of purchasing term life insurance? ANS:->>> - The initial premium is lower compared to an equivalent amount of whole life coverage Which benefit supplement added to a life insurance policy insures an entire family? ANS:->>> - Family term rider The interest paid during an annuity's payout period is considered ANS:->>> - taxable as ordinary income In regards to the Affordable Care Act (ACA), which of these is NOT a role of a health insurance exchange? ANS:->>> - Contact the employer if an employee stops coverage under a plan offered in the exchange According to the Affordable Care Act(ACA), insurers can no longer deny heath coverage due to pre-existing conditions unless the plan is a(n) ANS:- >>> - Grandfathered plan. Jerry has an indemnity plan which covers dental expenses. Typically, these type ofplans ANS:->>> - Cover preventative care once every six months Pat is covered by a disability income insurance policy that covers disabilities arisingfrom a work-related illness or injury. The amount of his disability income payments for an on-the-job injury may be reduced by ANS:->>> - Benefits paid under workers compensation Which of the following financial products creates an instant estate, no matter when the date of death? ANS:->>> - Life Insurance Typically, states will permit the grouping of two or more small employers in the same industry for obtaining group health insurance at a favorable rate. This grouping of employers is known as a multiple employer ANS:->>> - Trust
to the Commissioner within days ANS:->>> - 30 Which of the following would be considered a violation of Connecticut Insurance law? ANS:->>> - Failure to remit premium in a timely manner When would evidence of insurability be required for a person already covered with avariable universal life policy? ANS:->>> - When the death benefit is increased. What are the reasonable and customary charges for health insurance primarily based on? ANS:->>> - Average charges within a geographic region Which entity is responsible for regulating claims settlement practices of insurers? ANS:->>> - State insurance departments Which of these is typically regarded as a major treatment in an indemnity dental plan? ANS:->>> - Dentures Under an adjustable life insurance policy, which of the following may NOT be changed without further underwriting? ANS:->>> - The person insured. According to the Affordable Care Act , coverage may be rescinded ANS:->>>
- If intentionally false statements were offered
A life insurance policyowner would like a dividend option that results in a limited current outlay of funds. Which dividend option would be chosen? ANS:-
- Reduction of premium payment Insurance crimes which affect interstate commerce are prosecuted by the ANS:->>> - US attorney general Most prepaid dental plans cover ANS:->>> - Oral examinations A life insurance producer's underwriting duties may include ANS:->>> - Seeking additional information Which of these is NOT an Unfair Claims Settlement Practice? ANS:->>> - Offering tosettle a claim by arbitration. Refusing to pay persons bringing false or fraudulent claims. Long Term Care policies will usually pay for eligible benefits using which of the following methods? ANS:->>> - Expense incurred. Most long term care policies pay on a reimbursement (or expense incurred) basis , up to the policy limits. Julie is in need of assistance with one or two activities of daily living. She may be eligible for a(n) ANS:->>> - Assisted living facility
coverage was added? ANS:->>> - Level term What happens to the purchasing power of benefit payments from a fixed life annuity when the cost of living goes up? ANS:->>> - Decreases. Staring in 2016, businesses with up to employees will be defined by the ACA as a "small business" ANS:->>> - 100 Jerome is covered by a disability income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this? ANS:->>> - Nonoccupational coverage A(n) producer lives in another state and transacts insurance from Connecticut. ANS:->>> - Nonresident Which of the following is NOT a duty of the Commissioner? ANS:->>> - Enact legislation dealing with insurance Which of the following is NOT a valid cause for termination of an employees group health coverage? ANS:->>> - The coinsurance limit has been exceeded ALREADY KNOW ANS:->>> - ALREADY KNOW (age 26)
Laura has an employer-based preventative health care plan that focuses on an enrollee's problems, such as drug abuse or stress. These plans are called ANS:-
- Wellness Programs The law of large numbers enables an insurer to ANS:->>> - predict losses To secure authority for soliciting insurance products in the State of Connecticut, an insurance company must secure a certificate of authority from ANS:->>> - The Connecticut Insurance Commissioner A life insurance applicant is tested for the Human Immunodeficiency Virus (HIV) .The applicant MUST be informed that the testing ANS:->>> - Helps
- Decreases. Staring in 2016, businesses with up to employees will be defined by the ACA as a "small business" ANS:->>> - 100 Jerome is covered by a disability income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this? ANS:->>> - Nonoccupational coverage A(n) producer lives in another state and transacts insurance from Connecticut. ANS:->>> - Nonresident Which of the following is NOT a duty of the Commissioner? ANS:->>> - Enact legislation dealing with insurance Which of the following is NOT a valid cause for termination of an employees group health coverage? ANS:->>> - The coinsurance limit has been exceeded ALREADY KNOW ANS:->>> - ALREADY KNOW (age 26) Laura has an employer-based preventative health care plan that focuses on an enrollee's problems, such as drug abuse or stress. These plans are called ANS:- >>> - Wellness Programs The law of large numbers enables an insurer to ANS:->>> - predict losses To secure authority for soliciting insurance products in the State of Connecticut, an insurance company must secure a certificate of authority from ANS:->>> - The Connecticut Insurance Commissioner A life insurance applicant is tested for the Human Immunodeficiency Virus (HIV) .The applicant MUST be informed that the testing ANS:->>> - Helps determine the insurability of the applicant A producer is meeting with a client to determine whether an annuity will be
- 100 Jerome is covered by a disability income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this? ANS:->>> - Nonoccupational coverage A(n) producer lives in another state and transacts insurance from Connecticut. ANS:->>> - Nonresident Which of the following is NOT a duty of the Commissioner? ANS:->>> - Enact legislation dealing with insurance Which of the following is NOT a valid cause for termination of an employees group health coverage? ANS:->>> - The coinsurance limit has been exceeded ALREADY KNOW ANS:->>> - ALREADY KNOW (age 26) Laura has an employer-based preventative health care plan that focuses on an enrollee's problems, such as drug abuse or stress. These plans are called ANS:- >>> - Wellness Programs The law of large numbers enables an insurer to ANS:->>> - predict losses To secure authority for soliciting insurance products in the State of Connecticut, an insurance company must secure a certificate of authority from ANS:->>> - The Connecticut Insurance Commissioner A life insurance applicant is tested for the Human Immunodeficiency Virus (HIV) .The applicant MUST be informed that the testing ANS:->>> - Helps determine the insurability of the applicant A producer is meeting with a client to determine whether an annuity will be suitable for purchase. Which of the following topics needs to be discussed with the client? ANS:->>> - Financial status of the client If the Commissioner requests access to a producer's business records, the producer ANS:->>> - must provide access to the records upon request The highest mortality rate belongs to which group? ANS:->>> - Age 70 males
