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Free Life Accident and Health Insurance Basics Practice Questions

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

Subtopics: Concealment, Waiver, Estoppel, Express authority, Apparent authority, Human life value, Needs approach, Utmost good faith, Warranty, 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, Mortality table, 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

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. Intentionally withholding a material fact from the insurer during the application is:

Concealment

Concealment is the deliberate failure to disclose a material fact the insurer would want to know.

2. The voluntary giving up of a known right, such as an insurer accepting a late premium, is:

Waiver

Waiver is the voluntary relinquishment of a known right by one of the parties.

3. When an insurer is prevented from denying coverage because of prior conduct the insured relied upon, this is:

Estoppel

Estoppel prevents a party from asserting a right that is inconsistent with its previous conduct that another reasonably relied upon.

4. The authority an insurer specifically grants a producer in the agency contract is:

Express authority

Express authority is the authority specifically given to the producer in writing in the agency agreement.

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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.