CA-Life-Accident-and-Health 무료 덤프문제 온라인 액세스

Which tax advantage is available for individual nonqualified annuities?

• A.Penalty-free early withdrawals.
• B.Tax-deferred accumulation of earnings.
• C.Fully taxable distributions.
• D.Deductibility of contributions.

The additional premium charged by an insurer for adding the accidental death benefit to a whole life policy

• A.increases the yearly dividend amount.
• B.increases the policy's cash value.
• C.decreases the length of time that premiums are payable.
• D.does not affect the policy's cash value.

In medical expense insurance, what serves the same purpose as the elimination period in disability income insurance?

• A.Coinsurance.
• B.Deductible.
• C.Maximum benefit.
• D.Co-payment.

The spendthrift clause in a life insurance policy

• A.assumes that the insured survived the beneficiary if both die in a common accident.
• B.prevents a beneficiary from assigning interest in policy proceeds.
• C.allows the payment of part of the death benefit for terminally ill insureds.
• D.requires the insurer to waive all premiums due when an insured is totally disabled.

What happens if an insurer violates the Medical Loss Ratio rule and spends too much money on administrative costs?

• A.Insurers that do not meet the Medical Loss Ratio standard will only be required to reduce their spending on administrative costs.
• B.Insurers that do not meet the Medical Loss Ratio standard will be required to provide rebates to their customers and reduce spending on their administrative costs.
• C.Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Federal government, n
• D.Insurers that do not meet the Medical Loss Ratio standard will pay a tax penalty to the Health Benefits Exchange.