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Free Life Accident and Health Insurance Basics Practice Questions

New Hampshire Life, Accident & Health exam — 64 practice questions.

Subtopics: Concealment, Materiality, Estoppel, Utmost good faith, Premium modes, Backdating, Underwriting sources, Agent authority, Effective date, 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. Concealment in the application process refers to:

The failure to disclose a known material fact

Concealment is the failure to disclose a known material fact that the insurer would consider important.

2. For a misrepresentation on an application to allow an insurer to contest a policy, the misstatement generally must be:

Material to the insurer's decision to issue coverage

To affect coverage, a misrepresentation generally must be material to the insurer's underwriting decision.

3. Estoppel in insurance generally prevents a party from:

Asserting a right that was given up or contradicted by its prior conduct

Estoppel bars a party from asserting a right that is inconsistent with its prior conduct on which another relied.

4. Insurance contracts are said to be based on utmost good faith because:

Both parties are expected to deal honestly and disclose material facts

Utmost good faith requires both parties to act honestly and to disclose material facts in forming the contract.

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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.