WLDI Washington Life and Disability Insurance Exam - Set 3 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: The Washington commissioner reviews the statutory grounds available to discipline a producer's license after receiving a complaint. Which of the following states how many separate grounds the licensing statute enumerates for refusing, suspending, revoking, or placing a license on probation?

Thirteen grounds

Nine grounds

Five grounds

Twenty grounds

Question 42: A Washington long-term care insurer's marketing materials are reviewed by the commissioner against the specific prohibited-practices rule for that line. Which of the following correctly lists the marketing practices that rule expressly names as prohibited for long-term care insurance?

Rebating and defamation only

Only twisting and misrepresentation

Twisting, high pressure, cold lead, misrepresentation

There are no named prohibited practices

Question 43: A policy provision lets a policyowner restore a lapsed policy to full force within a set period by paying overdue premiums with interest and, if required, providing new evidence of insurability. Which of the following provisions is this?

The free look provision

The grace period provision

The incontestability provision

The reinstatement provision

Question 44: A basic medical plan pays a scheduled benefit toward the surgeon's charge for an operation, with the amount tied to a list assigning a value to each covered procedure. Which of the following coverages is this?

Hospital indemnity

Major medical expense

Basic surgical expense

Disability income

Question 45: An insurer must renew a health policy but reserves the right to increase premiums only for an entire class of insureds, not for one individual, and cannot single out a person because of worsening health. Which of the following renewability provisions is this?

Guaranteed renewable

Noncancellable

Conditionally renewable

Optionally renewable

Question 46: Under an employer group health plan, the premiums the employer pays are generally deductible to the business, and the value of that coverage is generally not taxed as income to the covered employees. Which of the following correctly states this tax treatment?

Deductible and taxed to employees

Taxable to employer, taxed to employees

Not deductible, but taxed to employees

Deductible to employer, not taxed to employees

Question 47: An annuity owner pays premiums over a number of years, and the contract accumulates value on a tax-deferred basis until the owner chooses years later to begin receiving income. Which of the following classifications describes this annuity by when income begins?

A single-premium annuity

An immediate annuity

A deferred annuity

A variable annuity

Question 48: An instructor explains that the actual cause of a loss, such as fire, windstorm, or theft, is named by a specific term, distinct from the conditions that make such a loss more likely. Which of the following terms names the cause of loss itself?

A hazard

A peril

An exposure

A loss reserve

Question 49: A producer explains that the person who owns a life insurance policy holds the rights to name the beneficiary, take loans, and surrender the contract, and that this person may differ from the insured. Which of the following parties is being described?

The policyowner

The insured

The beneficiary

The contingent owner

Question 50: A beneficiary elects to receive the death proceeds in installments of a chosen dollar amount each period, continuing until the proceeds plus interest are used up, with the number of payments varying accordingly. Which of the following settlement options is this?

The interest-only option

The fixed-period option

The fixed-amount option

The life income option

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