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1. In health insurance policies, the reinstatement provision is
A) mandatory.
B) not required.
C) elective.
D) optional.
2. Which of the following is required of a covered entity subject to New York ' s cybersecurity regulation?
A) Ensure that all nonpublic information is properly disclosed
B) Conduct a risk assessment of its information system
C) Publicly describe the protection of its information system
D) Eliminate known threats to its information system
3. An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice of how the cash value will be invested. The insured should purchase
A) variable universal life.
B) adjustable life.
C) graded premium whole life.
D) universal term life.
4. Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?
A) Dual capacity.
B) Joint.
C) Spousal.
D) Survivorship.
5. The following statement refers to which type of clause? "We have issued the policy in consideration of the representations in your application and payment of the first-term premium."
A) A whole contract clause.
B) A concealment clause.
C) A contestability clause.
D) A consideration clause.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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