Insurance Exam Questions Review With Complete Answers- 2024

An agent offers his client free tickets to the Super Bowl game in exchange for the purchase of an insurance policy. The agent is guilty of {Ans: Rebating.}An insured committed suicide 6 months after his life insurance policy was issued. The insurer will {Ans: Refund the premiums paid.}If the insured under a disability income insurance policy changes to a more hazardous occupation after the policy has been issued, and a claim is filed, the insurance company should do which of the following? {Ans: Adjust the benefit in accordance with the increased risk.}What is the maximum period that an insurer would pay benefits in accordance with an Additional Monthly Benefit rider? {Ans: 1 year}What is the maximum period of coverage under COBRA? {Ans: 36 months}Which of the following is an example of a non-qualified retirement plan? {Ans: Executive bonus plan}