LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A CI policy's 'moratorium' or 'exclusion period' for cancer means:
- ACancer claims made within the period are paid double to compensate the insured for the delay
- BThe policy is void from inception if any form of cancer is diagnosed within the period
- Cancer diagnosed or symptomatic within a stated period after issue is not covered
- DCancer is never a covered condition under the policy, only heart attack and stroke
Correct answer: C) Cancer diagnosed or symptomatic within a stated period after issue is not covered
The moratorium protects against anti-selection by applicants with undiagnosed cancer. Some insurers refund premiums or exclude cancer permanently if it appears in the period; read the contract.
Why the other options are wrong
- AThere is no double payment.
- BThe policy generally continues for other conditions.
- DCancer is covered after the moratorium.
Exam tip
Cancer moratorium ≈ 90 days from issue; cancer arising within it is excluded.
Common mistake
Failing to explain the cancer moratorium at delivery.
What this tests
CISRO competency component 2.1 — Analyze the available products that meet the client's needs — which is weighted at 30% of the Accident & Sickness module. Written against the published curriculum.
More from component 2
- A group benefits booklet lists AD&D coverage alongside life and LTD. The AD&D benefit pays:
- A hospital indemnity (hospital cash) policy pays:
- Employment Insurance sickness benefits are available to:
- Which government program coordinates with an individual DI policy through a possible offset AND also affects the definition of insurable income?
- A group plan's 'eligibility waiting period' (probationary period) is:
- A CI policy that is 'convertible' allows the insured to:
Practice the whole Accident & Sickness module
Timed sets weighted like the exam, and review of every question you miss. Free to start.