South Carolina Life And Health Final Exam

13 Questions | Total Attempts: 318

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South Carolina Life And Health Final Exam - Quiz

South Carolina Pre-licensing Education - Life and Health Insurance


Questions and Answers
  • 1. 
    An example of a presumptive disability would be
    • A. 

      A stroke

    • B. 

      Deafness

    • C. 

      Diabetes

    • D. 

      Cancer

  • 2. 
    The standard grace period for a life insurance policy sold in South Carolina is
    • A. 

      15 days

    • B. 

      31 days

    • C. 

      45 days

    • D. 

      60 days

  • 3. 
    A temporary producer license issued in South Carolina is valid for up to
    • A. 

      90 days

    • B. 

      180 days

    • C. 

      270 days

    • D. 

      365 days

  • 4. 
    The factor used most often when underwriting a disability income policy is
    • A. 

      Annual earnings

    • B. 

      Sex of the insured

    • C. 

      Marital status

    • D. 

      Occupation

  • 5. 
    In conjunction with a South Carolina insurance license renewal, which one of the following is the continuing education REQUIREMENT?
    • A. 

      12 hours annually

    • B. 

      18 hours every 2 years

    • C. 

      24 hours every 2 years

    • D. 

      26 hours every 3 years

  • 6. 
    Under which circumstance may a commission be shared between two producers?
    • A. 

      Only if they are nonresident producers

    • B. 

      Never

    • C. 

      When they are both licensed in any line of business

    • D. 

      When they are both licensed in the same line of business

  • 7. 
    A provision that allows a policyowner to withdraw a policy's cash value interest free is a(n)
    • A. 

      Partial surrender

    • B. 

      Waiver of premium

    • C. 

      Automatic premium loan

    • D. 

      Grace period

  • 8. 
    An insurer may exclude preexisting conditions on a Medicare Supplement policy for [blank] months.
    • A. 

      6

    • B. 

      8

    • C. 

      10

    • D. 

      12

  • 9. 
    All of the following are core benefits of Medicare Supplement Plan A EXCEPT
    • A. 

      Deductible payments for the first 60 days of hospitalization under Medicare hospitalization insurance

    • B. 

      Medicare Part A hospice coinsurance or copayment

    • C. 

      Medicare Part B coinsurance or copayment

    • D. 

      The first three pints of blood received

  • 10. 
    Victoria's producer license was initially issued on July 18, 2017. Her birthday is June 9, 1982. Her license will renew
    • A. 

      July 31, 2018

    • B. 

      June 30, 2018

    • C. 

      June 30, 2019

    • D. 

      July 31,201

  • 11. 
    Susan is insured through her Group Health Insurance Plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. This change is called a(n)
    • A. 

      Crossover

    • B. 

      Conversion

    • C. 

      Exchange

    • D. 

      Extension of benefits

  • 12. 
    An insurance policy may NOT be cancelled by the insurer (except for fraud) after [blank] year(s) from policy issue.
    • A. 

      1

    • B. 

      2

    • C. 

      3

    • D. 

      4

  • 13. 
    Which one do you like?
    • A. 

      Option 1

    • B. 

      Option 2

    • C. 

      Option 3

    • D. 

      Option 4