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  4. Life Accident and Health Insurance Basics

Free Life Accident and Health Insurance Basics Practice Questions

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

Subtopics: Stock insurer, Mortality table, Domestic insurer, Foreign insurer, Admitted insurer, Express authority, Apparent authority, Conditional receipt, Consideration, 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, 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. A stock insurance company is owned by its:

Stockholders

A stock insurer is owned by its shareholders, who supply capital and share in profits; policyowners do not own the company.

2. Mortality tables are used by life insurers primarily to estimate:

The probability of death at each age

Mortality tables show expected death rates by age and gender and are a key factor in pricing life insurance.

3. An insurer domiciled in Maryland and doing business in Maryland is classified as a:

Domestic insurer

A domestic insurer is one formed under the laws of, and domiciled in, the state in which it is operating.

4. An insurer formed in another U.S. state but operating in Maryland is classified as a:

Foreign insurer

A foreign insurer is domiciled in another U.S. state; an alien insurer is domiciled in another country.

All Life, Accident & Health topics

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.