Free Disability Income Insurance Practice Questions
South Carolina Life, Accident & Health exam — 35 practice questions.
Subtopics: Relation of earnings, Living organ donors, Purpose, Elimination period, Benefit period, Definition of disability, Residual disability, Probationary period, Presumptive disability, Recurrent disability, Any occupation, Business overhead expense, Disability buy-out, Cost of living adjustment, Social insurance supplement, Nonoccupational coverage, Waiver of premium, Future increase option, Disability benefit, Benefit amount, Total disability, Partial disability, Group disability, Social Security disability, Key employee DI, Occupational coverage
Read the Disability Income Insurance study guide
Sample questions & answers
1. Under South Carolina's optional relation of earnings to insurance provision, total monthly loss-of-time benefits from all coverage will not be reduced below the lesser of the total monthly benefits or:
$200
S.C. Code 38-71-370(6) prorates benefits that exceed earnings, but may not reduce total monthly benefits below the sum of two hundred dollars or the total of monthly benefits, whichever is less.
2. A South Carolina disability income insurer may NOT decline coverage solely because the applicant:
Is a living organ donor
S.C. Code 38-71-105 bars declining or limiting disability income coverage, or discriminating in terms, solely because a person is a living organ donor.
3. Disability income insurance is designed to replace:
A portion of earned income lost when disability prevents work
Disability income pays periodic benefits to replace part of the earnings lost during a covered disability.
4. The waiting period between the onset of a disability and the start of benefit payments is the:
Elimination period
The elimination (waiting) period is a form of time deductible before disability benefits begin.
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Practice: Disability Income Insurance
Answer choices are shuffled every time, and every question comes with an explanation.
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.
