This class was created by Brainscape user Jason Vongsay. Visit their profile to learn more about the creator.
By:
Jason Vongsay
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Decks in this class (24)
Unit 1 - General Insurance
Insurance 1,
Risk in insurance terms 2,
Loss 3
67
cards
Unit 2 - Life/Health Insurance Underwriting
Underwriting 1,
Purpose of underwriting 2,
Producer confidentiality duty 3
45
cards
Unit 3 - Basics of Life Insurance
Personal uses & liquidity—detailed explanations on pages 70-71
Needs-approach cash vs. income needs—page 73 breakdown
Business uses (buy-sell, key person, exec bonus, deferred comp)—pages 74-76
Policy classes table & definitions—pages 77-78
Premium elements (mortality-interest-expenses)—page 78
31
cards
Unit 4 - Types of Life Insurance
Term insurance 1,
Types of term 2,
Level term 3
26
cards
Unit 5 - Life Insurance Riders
Rider 1,
Waiver of premium 2,
Waiver of cost of insurance 3
19
cards
Unit 6 - Life Insurance Policy Options
Policy options 1,
Non forfeiture options 2,
Cash surrender 3
25
cards
Unit 7 - Life Insurance Policy Provisions
Entire contract 1,
Insuring clause 2,
Free look 3
28
cards
Unit 8 - Group Life Insurance
Group life insurance 1,
Master policy 2,
Certificate of insurance 3
24
cards
Unit 9 - Annuities
Annuity 1,
Purpose of annuity 2,
Accumulation period 3
24
cards
Unit 10 Taxation of Life Insurance and Annuities
Cost basis 1,
Fifo rule life 2,
Modified endowment contract 3
23
cards
Unit 11 - Retirement Plans
Traditional/Roth IRAs, RMDs, rollovers, 401(k)/403(b)/457, SEP, SIMPLE, Keogh, vesting, fiduciary rules, early‐withdrawal penalties, safe-harbor plans
22
cards
Unit 12 - Introduction to Health Insurance
Accident vs sickness, limited-benefit policies, hospital indemnity, managed-care models, deductibles/coinsurance/stop-loss, renewability types, HDHP/HSA basics, common exclusions
26
cards
Unit 13 - Affordable Care Act
Essential Health Benefits, metal tiers & actuarial value, employer/individual mandates, Exchanges & subsidies, guaranteed issue, adjusted community rating, enrollment windows, SBC notice
27
cards
Unit 14 - Health Insurance Policy Provisions
12 mandatory and 11 optional uniform provisions, renewability types, free-look, consideration, and how benefits adjust for age/occupation changes
25
cards
Unit 15 - Disability Income Insurance (2)
Medicare cost-sharing & enrollment, Medicaid LTC rules, Medicare Savings Programs, SSDI metrics, TRICARE/CHAMPVA funding
31
cards
Unit 15 - Disability Income Insurance
Medicare 1,
Medicare parts 2,
Part a eligibility 3
31
cards
Unit 16 - Medical Expense Plans
Disability income insurance 1,
Replacement ratio 2,
Own occupation vs any occupation 3
29
cards
Unit 17 - Other Health Plans
Underwriting info sources 1,
Moral hazard 2,
Morbidity table 3
27
cards
Unit 18 - Group Health Insurance
Group health insurance 1,
Group advantages 2,
Contributory plan 3
27
cards
Unit 19 - Dental Insurance
Preventive diagnostic services 1,
Basic restorative services 2,
Major restorative services 3
26
cards
Unit 20 - Medicare and Medicaid
Long term care ltc 1,
Activities of daily living 2,
Skilled nursing care 3
31
cards
Unit 21 - Long-Term Care
Cost basis 1,
Fifo rule life 2,
Modified endowment contract 3
26
cards
Unit 22 - Taxation of Health Insurance
Commissioner powers 1,
Market conduct examination 2,
Cease and desist order 3
30
cards
Texas Law Supplement - Life & Health
Commissioner surety bond amount 1,
Response time to commissioner inq...,
Electronic fee threshold 3
39
cards
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General Lines - Life, Health, Accident, and HMO (non-state specific)
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