Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Life-and-Accident-and-Health-or-Sickness-Producer-Combo Prüfungsfragen mit Lösungen:

1. In Maryland, continuation of medical plan coverage for a handicapped child beyond the age limit stated in the policy may require proof of the child's:

A) Incapacity only
B) Continued insurability
C) Incapacity and dependency upon reaching the age limit
D) Dependency for the first two years of continued coverage only

2. The nonforfeiture option which permits a policyowner to purchase the same type of policy with the net cash value is the:

A) Endowment value option
B) Reduced paid-up insurance option
C) Extended term insurance option
D) Loan value option

3. Which concept states that the insured is entitled to the coverage under a policy that a sensible and prudent buyer would expect it to provide?

A) Comity
B) Indemnity
C) Subrogation
D) Reasonable expectations

4. Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non- qualified plan?

A) It is useful in rewarding selected employees for good work performance
B) The plan funds are available for general business needs
C) It can be designed for the exclusive benefit of several key employees
D) The employer's contributions to the plan are tax deductible

5. Which federal government agency enforces the securities laws enacted by Congress?

A) The Variable Investment Commission
B) The National Securities Regulatory Commission
C) The Securities and Exchange Commission
D) The Securities Investment Commission

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