LLQP Accident & Sickness · Component 2.1 · 30% of the exam
A disability contract's 'exclusions' most commonly include:
- ADisability occurring after the insured reaches the age of fifty
- BDisability arising from any medical condition first diagnosed after the policy was issued
- CAny disability arising from an illness rather than an accidental injury
- Disability arising from war, self-inflicted injury, or the commission of a criminal offence
Correct answer: D) Disability arising from war, self-inflicted injury, or the commission of a criminal offence
Standard exclusions target risks that are uninsurable or within the insured's control, and they are narrow compared with the broad coverage the contract otherwise provides.
Why the other options are wrong
- AAge affects the expiry of coverage, not the validity of a claim at fifty.
- BNew conditions after issue are exactly what the policy is bought to cover.
- CIllness is a covered cause under a standard disability contract.
Exam tip
Standard exclusions are few: war, self-inflicted injury, criminal acts.
Common mistake
Believing a disability policy excludes illness.
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.