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Life and Health Insurance Producer Exam

Medicare supplement (CT): 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 · Connecticut

How must premium rates for Medicare supplement policies sold in Connecticut be set?

  1. On individual underwriting, using each applicant's prior claims history
  2. On issue age, with discounts for nonsmokers and those in good health only
  3. On attained age, increasing each year as the insured gets older and older
  4. On a community rate, not based on age, gender, claims or medical condition
Show the answer

D. On a community rate, not based on age, gender, claims or medical condition — Conn. Gen. Stat. 38a-495c(a).

Question 2 · Connecticut

What limit applies to first-year commission on the sale of a Medicare supplement policy in Connecticut?

  1. 100% of the annual premium, with no renewal commissions payable after that first policy year
  2. 200% of the second-year commission, with renewals equal to year two for at least 5 years
  3. 300% of the third-year commission, with renewals equal to year three for 10 years
  4. 150% of the second-year commission, with renewals paid for at least 3 years thereafter
Show the answer

B. 200% of the second-year commission, with renewals equal to year two for at least 5 years — Regs. Conn. State Agencies 38a-495a-12(a), (b).

Question 3 · Connecticut

What right-to-return notice must appear on the first page of a Connecticut Medicare supplement policy?

  1. No return right once the first premium is paid
  2. 10 days from delivery, with a refund less fees
  3. 60 days from the application date, with half the premium
  4. 30 days from delivery, with a full premium refund
Show the answer

D. 30 days from delivery, with a full premium refund — Regs. Conn. State Agencies 38a-495a-13(a)(5).

Question 4 · Connecticut

When granting Medicare supplement coverage, for how long may an issuer exclude benefits based on a preexisting condition?

  1. For losses during the first two full years after coverage begins
  2. For losses within twelve months after the application date
  3. For losses within six months from the coverage effective date
  4. For as long as the condition remains under active treatment
Show the answer

C. For losses within six months from the coverage effective date — Conn. Gen. Stat. 38a-495c(c).

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