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Life and Health Insurance Producer Exam

Long-term care (OR): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oregon

Under Oregon law, a long term care insurance policy may not be sold to provide less than what coverage?

  1. Twenty-four months' coverage for each covered person
  2. Twelve months' coverage, or six months for home care
  3. Thirty-six months' coverage in a skilled nursing facility
  4. Sixty months' coverage for any single covered condition
Show the answer

A. Twenty-four months' coverage for each covered person — ORS 743.655(2)(f); ORS 743.652(5).

Question 2 · Oregon

What training must an Oregon producer complete to sell, solicit or negotiate long term care insurance?

  1. A one-time course of at least 8 hours, then at least 4 hours every 24 months
  2. A one-time course of at least 16 hours, with no ongoing training afterward
  3. The insurer's product-specific sales training, completed once a year
  4. A course each year, beginning only after the producer's first LTC sale
Show the answer

A. A one-time course of at least 8 hours, then at least 4 hours every 24 months — ORS 744.088(1).

Question 3 · Oregon

How long does an individual long term care applicant have to return the policy for a premium refund?

  1. Within 60 days of the first premium due date
  2. Within 15 days, less a reasonable administrative fee
  3. Within 30 days of its delivery
  4. Within 10 days, provided no benefits have been paid
Show the answer

C. Within 30 days of its delivery — ORS 743.655(6).

Question 4 · Oregon

An individual long term care policy lapsed for nonpayment while the insured was cognitively impaired. Within what time may reinstatement be requested?

  1. Within two years, with new evidence of insurability
  2. Within five months after the policy lapsed
  3. Within one year, if all premiums are paid with interest
  4. Within 31 days after the premium due date
Show the answer

B. Within five months after the policy lapsed — ORS 743.658(2).

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