DE LAW SUPPLEMENT QUIZ Q'S

All of the following benefits must be included in any group accident and health insurance policy issued in DE EXCEPT:

A) lead poisoning screening
B) cancer screening tests
C) ovarian cancer monitoring
D) long-term care
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Terms in this set (12)
All of the following benefits must be included in any group accident and health insurance policy issued in DE EXCEPT:

A) lead poisoning screening
B) cancer screening tests
C) ovarian cancer monitoring
D) long-term care
D) long-term care
Suppose an insurer has knowingly accepted insurance business from an individual who is not licensed. He can be fined up to:

A) $5,000
B) $10,000
C) $7,500
D) $20,000
D) $20,000
Life insurance sales presentations that do not recognize the time value of money:

A) are easier for prospective buyers to understand and more valuable as sales presentations
B) allow a more accurate comparison of disparate life policies
C) are prohibited for use in DE
D) cannot be used to compare the cost of two or more life insurance policies
D) cannot be used to compare the cost of two or more life insurance policies
The commissioner may investigate all of the following affairs of authorized insurers
*financial condition
*compliance with the law
*ability to fulfill its obligations
association group life insurance policies can be issued only to associations that have all of the following
*being organized for purposes other than for obtaining insurance
*being in active existence for at least 2 years
* at least 100 members
The Delaware Insurance Commissioner has the same powers as what state official
State Treasurer
Which of the following entities must be a member of the DE Life and Health Insurance Guaranty Association

A) Health Maintenance Organizations
B) insureds who have been denied insurance
C) insurance exchanges
D) life insurers whose licenses have been revoked
D) life insurers who licenses have been revoked
Which of the following coverages must be included in all Medicare supplement policies?

A) coverage for emergency care in a foreign country
B) coverage for the reasonable cost of the first 3 pints of blood
C) coverage for at home recovery services
D) coverage for skilled nursing facility care
B) coverage for the reasonable cost of the first 3 pints of blood
Replacing insurers must do all of the following EXCEPT

A) require a list of the applicant's life insurance or annuity contracts that are to be replaced
B) seek authorization for replacement from the insurance department
C) send each existing insurer a written communication advising of the proposed replacement
D) inform their field rep about the replacement regulations
B) seek authorization for replacement from the insurance department
A license is being used for controlled business if:

A) the producer only sells credit life and credit health insurance
B) more than 25% of the agent's total commission is earned from controlled business
C) the producer's marketing efforts are controlled more than 75% of the time by the insurer
D) more than 50% of the producer's total commission is earned from controlled business
B) more than 25% of the agent's total commission is earned from controlled business
All of the following are required provisions in accident and health insurance policies EXCEPT: A) time limit on certain defenses B) grace period C) entire contract provision D) change of occupationD) change of occupationWhat is a policy summarywritten statement describing the elements of a life insurance policy