This quiz assesses knowledge on various insurance policies and their applications in financial planning. It covers retirement annuities, life insurance options, Medicaid misconceptions, and insurable interest in Georgia. Ideal for professionals enhancing their understanding in insurance and financial risk management.
Return the premium to Donna's estate ,since it has not obligation to pay the death claim
Keep the premium and reject the risk on the basis that the applicant died before the policy could be issued
Issue the policy anyway and pay the face value to Donna's beneficiary
Negotiate a reduced settlement with Donna's beneficiary due to the unusual circumstances involved
Rate this question:
An individual always has an insurable interest in his or her own life and health
A corporation has an insurable interest in the life and health of its officers and directors
Insurance procured by a person who does not have an insurable interest in the person insured may be void
Insurable interest must exist at the time a covered loss occurs
Rate this question:
Periodic payment immediate results
Single payment deferred annuity
Periodic payment deferred annuity
Single payment immediate annuity
Rate this question:
Entire contact clause
Contestable clause
Insuring clause
Consideration clause
Rate this question:
Fixed amount installments
Life income option
Fixed period installments
Lump sum settlement
Rate this question:
$700
$7500
$1800
$2000
Rate this question:
4 years
5 years
3 years
The insurance commissioner is appointed, not elected
Rate this question:
The insurer must pay the face amount and accept the original premium as payment in full
The insurer must pay the face amount but it may deduct the premium surcharge from the settlement amount
There is no coverage because the policy does not cover losses resulting form occupational hazards
There is no coverage because the original application was not accepted,and the premium will be returned.
Rate this question:
Graded premium whole life
Increasing term
Modified whole term
Decreasing term
Rate this question:
10 days of receiving the distribution
20 days of receiving the distribution
30 days of receiving the distribution
60 days of receiving the distribution
Rate this question:
Quiz Review Timeline (Updated): Jul 30, 2024 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
EHH For NHH Pre-Test
The 'EHH for NHH Pre-Test' assesses knowledge on policy management within the insurance sector. It covers topics like policy types, coverage periods, and regional coverage...
Questions:
22 |
Attempts:
112 |
Last updated:
Mar 22, 2023
|
Insurance Code And Policy Quiz
Do you wanna know more about insurance code and policy? Let's take this quiz now!
Questions:
150 |
Attempts:
463 |
Last updated:
Mar 21, 2023
|
Fire & Casualty Practice Exam #1
Fire & Casualty Practice Exam #1 assesses knowledge on insurance policy structure, market value, package policies, and specific clauses. It is essential for professionals in the...
Questions:
148 |
Attempts:
5373 |
Last updated:
Mar 22, 2023
|
Insure Your Knowledge: Car Insurance Day Quiz
Welcome to the "Insure Your Knowledge: Car Insurance Day Quiz" – an interactive journey into the world of car insurance, designed to test and enhance your...
Questions:
10 |
Attempts:
27 |
Last updated:
Jan 23, 2024
|
Find The Right Health Insurance Plan For You With This Quiz
Welcome to our comprehensive "Best Health Insurance Quiz," designed to guide you in finding the perfect health coverage tailored to your needs. Navigating the...
Questions:
10 |
Attempts:
548 |
Last updated:
Dec 22, 2023
|
Test Your Knowledge Of The Signs That Can Reveal A "Totaled" Car!
Do you wish to test your knowledge of the "Signs that Can Reveal a 'Totaled' Car"? Buying a used car comes with its share of risks, especially when considering...
Questions:
10 |
Attempts:
440 |
Last updated:
Nov 16, 2023
|
Wait!
Here's an interesting quiz for you.