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Free Life Accident and Health Insurance Basics Practice Questions

Washington Life, Accident & Health exam — 61 practice questions.

Subtopics: Field underwriter, Underwriting sources, Premium mode, Substandard risk, Consideration, Binding receipt, 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, 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

The producer acts as a field underwriter by collecting accurate applicant information for the insurer's underwriting.

2. Which is a common source insurers use to evaluate a life or health applicant's risk?

An attending physician statement or medical records

Insurers use sources such as the application, medical records, and attending physician statements to assess risk.

3. All else equal, paying a life premium monthly rather than annually usually results in:

A higher total annual cost

More frequent premium modes generally increase the total annual cost because of added billing and lost interest.

4. An applicant whose health history presents greater-than-average risk may be issued a policy that is:

Rated with a higher premium

Substandard risks may still be insurable but typically receive a rated policy with a higher premium.

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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.