IIA-CFSA Exam Questions
492 real IIA-CFSA exam questions with expert-verified answers and explanations. Page 9 of 10.
- Question #414
Which of the following accounts would NOT be found on a life insurance company's statutory financial statements?
- Question #415
Recent activities in the marketplace have caused your company to comply with requests from 50 percent of your policyholders to cancel their policies. The company complies and refun...
- Question #416
Which two of the following characteristics apply to universal life insurance policies?
- Question #418
A manufacturer wants to protect the company from financial loss resulting from third-party lawsuits. The manufacturer has learned of several recent jury awards over $7 million for...
- Question #419
The two most common types of commercial insurance companies are:
- Question #420
The benefits of an endowment insurance policy include all of the statements mentioned below EXCEPT:
- Question #421
Endowment policies are similar to___________ policies in that premiums are usually level through the term of policy and the policies build cash values.
- Question #422
A __________ is a health insurance plan where medical treatment is fully covered if provided by doctor or a hospital belonging to PPO'S network of health care providers.
- Question #423
Managed care health techniques are most often practical by organizations and professionals that assume risk for a/an:
- Question #424
Managed care has effectively formed a "go between," ________________ by existing as the gatekeeper between payers & providers and patients.
- Question #425
HMO (Health maintenance organization) must meet the specifications of the federal HMO act as well as meeting many rules and regulations required at state level. There are following...
- Question #426
A health services delivery organization that offers the option to its members to choose to receive a service from participating or a non-participating provider. Which one of the be...
- Question #427
A heath services delivery organization that offers the option its members choose to receive a service form participating or a non-participating provider which one of the following...
- Question #428
Typically, the costs associated with receiving care from the "in network" or approved providers are ______________ when care is rendered by non-contracting providers.
- Question #429
Which of the following way best defines disability insurance?
- Question #430
Major types of individual long-term disability policies are all EXCEPT:
- Question #431
When purchasing a flood insurance policy, there is a standard 30-day waiting period for new applications and endorsements for coverage. Exclusions of flood insurance are all EXCEPT...
- Question #432
A less satisfactory option in dental insurance is the:
- Question #433
Deductibles for dental insurance plans are _________
- Question #434
In utilization management, utilization reviews begin with a preadmission certification. In such situations, insureds must make notification within 48 hours of admission or face red...
- Question #435
Liability insurance is a part of general insurance system of _________.
- Question #436
The time that a new group member must wait before becoming eligible to enroll in a group insurance plan is known as the:
- Question #437
Which of the following statements about endowments is correct?
- Question #438
In which of the following ways are calls and put options used by the options investor in purchase and sales transaction?
- Question #439
In which of the following ways would the writer of an uncovered call usually make a profit?
- Question #440
Option's in major types of life insurance is/are:
- Question #441
I - In term life insurance premium increase with age no cash value. II- In whole life insurance high cost is involved if you surrender early. Usually no cash value for at least thr...
- Question #442
Traditionally, insurance is paid:
- Question #443
Life insurance that can be made valid up to a certain age or period is called ___________. This insurance coverage continues up until an agreed time without having to be renewed.
- Question #444
Which of the following is NOT the benefit of an endowment insurance policy?
- Question #446
Here are the following major types of long-term disability policies EXCEPT:
- Question #447
Premiums can be increased and your coverage can be cancelled in the event certain conditions stated in the policy are triggered. This is in the case of:
- Question #448
Business continuation insurance protects a business against the potential economic loss resulting from the passing or disability of key executives and/or employees. This is the ins...
- Question #449
Individuals can invest in REITs:
- Question #450
Securities products include: 1. Trusts 2. Annuities 3. Derivatives 4. Stocks 5. Bonds 6. Commodities 7. Mutual Funds 8. Pension Funds 9. Term Loans 10. Asset Management 11. Money M...
- Question #451
The objective/s of a trust department audit is/ are to:
- Question #452
The objective/s of trust department's administration of corporate trust accounts include:
- Question #453
Personal trust accounts may be:
- Question #454
Trust under will is a term referred to:
- Question #455
The administration of personal trust accounts is primarily controlled by all of the following EXCEPT:
- Question #456
Which one of the following is not commonly granted trustee's powers?
- Question #457
Defined benefits & defined contribution plans and individual retirement accounts are commonly administered:
- Question #458
Performance as _____________ is normally the only true trust relationship administered by a corporate trust department.
- Question #459
Charitable trust that is an irrevocable trust and that may be testamentary or inter-vivos (Between living persons) is called:
- Question #461
The responsibility of setting an estate includes:
- Question #462
Unlike trust, there is no conveyance of title to the account assets. When the ________ relationship is established; legal title to the property remains with the principal.
- Question #463
To server as family and/or financial planning tool To provide for retirement To obtain favorable tax treatment These are the primary reasons
- Question #464
Relief from administrative details and continuity are the major reasons for:
- Question #465
The trustee is responsible for producing a schedule of distribution which includes information as:
- Question #466
The accumulation phase in annuities can last from as long as: