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Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION Nonforfeiture Options Three options available by law to policyowners that enable them to recover a policy's cash-value upon surrender of that policy. (1) Cash (2) Reduced Paid-Up Insurance (3) Extended Term Insurance QUESTION Immediate Annuities Answer: - Can only be funded using the Single Premium payment method - First income payment is ma...

Kentucky Life Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The owner of a single premium deferred annuity is entitled to do all of these EXCEPT Answer: Make multiple premium payments QUESTION An insurance company's voluntary refusal to enforce a contract's provision is called a(n) Answer: Waiver QUESTION What happens when an initial offer is answered with a counteroffer? Answer: Init...

Kentucky Life and Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The only party in an insurance contract that makes a legally enforceable promise is the insurance company. Because of this, insurance contracts are considered to be: conditional aleatory unilateral contracts of adhesion Answer: unilateral Insurance contracts are unilateral. This means that only one party (the insurer) makes any kind of ...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

Kentucky Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The Medical Information Bureau (MIB) was created to protect 1. Insureds from unreasonable underwriting requirements by the insurance companies. 2. Medical examiners that perform insurance physical examinations. 3. Insurance companies from adverse selection by high risk persons. 4. Insurance departments from lawsuits by policyowners. Answer: Insurance compa- n...

Kentucky Health Insurance Exam | Study Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION Individuals who itemize deductions can claim deductions for medical expenses not covered by health insurance that exceed what percent of their adjusted gross income? A. 5% B. 7% C. 10% D. 15% Answer: C. 10% QUESTION What is another name for an Administrative Services only arrangement? A. Self funding B. Third party administrator C. A modifie...

ECSA102/ ECSA 102 Blob/ BCA/ Printing | Questions and Verified Answers| 100% Correct (New 2024/ 2025 Update) Printing QUESTION What limitations do previews and prints generated from the Print Job Inspector have? Answer: Unless the Include referenced files in package check box is selected, the previews and prints generated by the Print Job Inspector will not contain images referenced in print jobs. Additionally, these jobs reflect what the printout likely looks like. This proces...

ECSA105/ ECSA 105 Hyperspace Web/ Interconnect/ System Pulse |Questions and Verified Answers| 100% Correct (New 2024/ 2025 Update) QUESTION A user goes to activate a package for Hyperspace Web using the Package Registration Tool, but when they navigate to the Tools tab they find it is not there. What would be the solution to this problem? Answer: Ensure the user is a part of a security group that has 'Use' access QUESTION When setting up a virtual server for Load b...

ECSA101/ ECSA 101 Hyperspace Chapter 1,2,3 & 4 | Questions and Verified Answers| 100% Correct (New 2024/ 2025 Update) How is trust established between an Epic client and the Epic operational database environment? Answer: You define a fixed key on the client, usually in some type of environment file, and import it into Epic operational database environments. QUESTION What documents should you reference prior to building a new Epic client? Answer: - Epic 2018+ Target P...

ECSA101/ ECSA 101 Hyperspace Chapter 5,6,7 & 8 | Questions and Verified Answers| 100% Correct (New 2024/ 2025 Update) How does the Epic environment identify which LWS to assign to a Hyperspace session? Answer: The Hyperspace client passes a client ID, as defined in E, to the environment. The ENV then searches for a matching workstation name in the available LWS records. If no match is found, the workstation identifiers of the LWS records are searched. If no matching name or identif...