1. Exam Prep
  2. Nebraska
  3. Life, Accident & Health
  4. Life Accident and Health Insurance Basics

Free Life Accident and Health Insurance Basics Practice Questions

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

Subtopics: Field underwriter, Application as part of contract, Warranty, Concealment, Consideration, Competent parties, Offer and acceptance, Medical Information Bureau, Waiver, 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, Human life value

Read the Life Accident and Health Insurance Basics study guide

Sample questions & answers

1. The producer is often called the field underwriter because the producer:

Gathers initial risk information and submits a complete application

As field underwriter, the producer gathers initial risk information and submits a complete, accurate application.

2. For the application to become part of the life or health insurance contract it generally must be:

Attached to the issued policy

Under the entire contract rule the application becomes part of the contract only when attached to the policy.

3. A statement guaranteed to be true in all respects, the breach of which can void coverage, is a:

Warranty

A warranty is guaranteed to be literally true, and its breach can void the policy.

4. An applicant's intentional failure to disclose a material fact to the insurer is:

Concealment

Concealment is the deliberate withholding of a material fact from the insurer.

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.