WEBCE EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) Plan distributions may be subject to a 10% tax penalty if - Correct Answers ✅taken before the employee's age 59 1/2 An insurer cancelled a policy based on medical information it
requested and received after the policy was issued: why? -
Correct Answers ✅it has engaged in post-claims underwriting Post Claims Underwriting - Correct Answers ✅the practice of cancelling or limiting a policy because the insurer failed to complete medical underwriting or did not resolve all reasonable questions arising from written information on the application before the policy was issued.Post claims underwriting is prohibited in which state? - Correct Answers ✅California
What does section 1035 prohibit: - Correct Answers ✅the
exchange of any type of annuity product for any type of life insurance product, because to do so would enable taxable annuity gain to escape taxation via the life insurance death benefit.
If death benefits are payable to the insured's estate: -
Correct Answers ✅The policy proceeds will be included in his estate regardless of who owns the policy 1 / 3
WEBCE EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) The insured submits a claim to the insurer before the insurer cancels his health policy. How will the insurer treat the claim?
- Correct Answers ✅The insurer will pay any valid claim
submitted before the policy is cancelled.
Part-A covers: - Correct Answers ✅Part-time or intermittent
skilled care, home health aide services, durable medical equipment and supplies, and certain other equipment.Group long-term disability (LTD) coverage typically has a
maximum benefit period of: - Correct Answers ✅at least 2
years Any premiums paid for coverage that are more than needed
to buy the coverage are: - Correct Answers ✅returned to
the insured In California, who among the following can legally act on
behalf of a nonadmitted insurer: - Correct Answers ✅a
licensed surplus lines broker
Medicare is administered by the: - Correct Answers
✅states
A representation in an insurance contract qualifies as: -
Correct Answers ✅Implied warranty 2 / 3
WEBCE EXAM QUESTIONS AND ANSWERS
100% SOLVED (Newest 2025) "Modal Premium" - Correct Answers ✅The most common premium payment modes are monthly, quarterly, semiannually and annually.Under California's insurance information and privacy protection act, when must an insurer obtain authorization to release personal information? - Correct Answers ✅Before disclosing privileged information about a person How do California's laws and regulations regarding sales of insurance products to senior consumers define a "senior"? - Correct Answers ✅as age 65 and older
Skilled nursing care is: - Correct Answers ✅continuous, 24-
hour care delivered by licensed medical professionals, under the direct supervision of a doctor or physician.An insurer may accept an application from a nonappointed agent, BUT - Correct Answers ✅it is considered to have appointed the agent and must file an appointment notice with the department of insurance In California, which of the following has the power to determine what constitutes an unfair or deceptive insurance trade practice? - Correct Answers ✅California insurance commissioner
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