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Free Life Accident and Health Insurance Basics Practice Questions

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

Subtopics: Insurable interest, Conditional receipt, Field underwriting, Premium factors, Warranty, Backdating, Risk pooling, Application, Fiduciary role, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, 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, 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. A person generally has an insurable interest in the life of another when:

There is a close family or financial relationship at policy inception

Insurable interest in another's life exists when there is a close family or financial relationship at inception.

2. A conditional receipt given when an application and initial premium are submitted provides:

Coverage effective if the applicant is found insurable as applied for

A conditional receipt provides coverage as of the receipt date if the applicant proves insurable as applied for.

3. The producer's role in field underwriting is to:

Gather accurate information and submit a complete application

Field underwriting means the producer collects accurate information and submits a complete, honest application.

4. The three primary factors used to determine a life insurance premium are:

Mortality, interest, and expense

Life insurance premiums are based primarily on mortality, interest (investment earnings), and expenses.

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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.