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Free Life Accident and Health Insurance Basics Practice Questions

Alaska Life, Accident & Health exam — 64 practice questions.

Subtopics: Mortality table, Concealment, Material misrepresentation, Waiver, Estoppel, Conditional contract, Consideration, Express authority, Apparent authority, Insurable interest, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Human life value

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. In life insurance a mortality table is used to estimate:

The probability of death at given ages

A mortality table estimates the probability of death at various ages for pricing life insurance.

2. An applicant who deliberately withholds a material fact from the insurer commits:

Concealment

Concealment is the intentional failure to disclose a material fact to the insurer.

3. A material misrepresentation on an insurance application is significant because it:

May allow the insurer to rescind the policy within the contestable period

A material misrepresentation can let the insurer rescind the policy during the contestable period.

4. The voluntary giving up of a known right by the insurer is called:

Waiver

Waiver is the voluntary relinquishment of a known right.

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Practice: Life Accident and Health Insurance Basics

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.