Free Life Accident and Health Insurance Basics Practice Questions
Georgia Life, Accident & Health exam (series 12-GA-05) — 109 practice questions.
Subtopics: Risk classification, Attending physician statement, Substandard rating, Conditional receipt, Backdating, Insurable interest persons, Insurable interest, Consent of insured, Employer-owned life, Family policy, Representations, Policy effective time, Form approval, 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, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, 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, Application signatures, Third-party consent, Application changes, Incomplete application, Premium receipt, Underwriting sources, Accelerated underwriting, Genetic information, STOLI, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
Read the Life Accident and Health Insurance Basics study guide
Sample questions & answers
1. Underwriters typically classify life applicants as:
preferred, standard, or substandard
Applicants are commonly classified as preferred, standard, or substandard (rated) based on the level of risk they present.
2. An attending physician statement (APS) used in underwriting comes from:
the applicant's own doctor
An APS is obtained from the applicant's treating physician to clarify medical history during underwriting.
3. An applicant classified as substandard will typically:
be charged a higher rated premium
Substandard (rated) applicants present greater-than-average risk and are charged higher premiums.
4. When an applicant pays the initial premium and receives a conditional receipt:
coverage may begin at receipt date if insurable
A conditional receipt can make coverage effective from the receipt date if the applicant is found insurable as applied for.
All Life, Accident & Health topics
Practice: Life Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
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.
