Updated: Sep 04, 2025
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1. The settlement option that allows proceeds to remain with the insurer and the earnings to be paid to the beneficiary on a monthly basis is called
A) fixed period.
B) lump sum.
C) fixed amount.
D) interest only.
2. A policy that provides coverage for persons with chronic diseases or disabilities, and often covers nursing home care, home-based care, and respite care is known as
A) Medicaid insurance.
B) Group Health insurance.
C) Medicare insurance.
D) Long-Term Care insurance.
3. Which of the following is a core benefit of Medicare supplemental insurance?
A) Preventive care.
B) Basic drugs limit of $1,250.
C) At-home recovery.
D) First 3 pints of blood each year.
4. Failure of an insurance producer to complete the continuing education requirements may result in
A) a felony conviction.
B) an additional 20 continuing education hours the following year.
C) revocation of license.
D) nonrenewal of license.
5. What is the correct term for an individual who is required to be licensed under the laws of this state to negotiate the sale of insurance?
A) Insurance underwriter.
B) Insurance adjuster.
C) Insurance appraiser.
D) Insurance producer.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |
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