Utah prohibits reducing benefits for newborns under accident and health plans to ensure equal coverage. Choices A, B, and D are incorrect as no exceptions are allowed.

Term life insurance does not provide a cash benefit if the insured survives the policy term, as it lacks cash value. Choices A, B, and D are correct advantages of term insurance.

An employee receiving funds from a qualified plan can roll them over into an IRA without tax penalties. Choice A is incorrect as life insurance proceeds are not eligible for rollover. Choice B is incorrect as new investments are contributions, not rollovers. Choice D is incorrect as lottery winnings are not eligible.

Assignment of payments to providers simplifies claim handling by paying providers directly. Choice A is incorrect as physician statements are for underwriting. Choice B is incorrect as inspection reports are for risk assessment. Choice C is incorrect as hospital exams are unrelated to claims.

Federal estate tax is a common tax associated with death for large estates. Choice A is incorrect as life insurance proceeds are generally tax-free. Choice B is incorrect as excise taxes are unrelated. Choice D is incorrect as sales tax does not apply to death.

Religion is not an underwriting criterion due to anti-discrimination laws. Choices A, C, and D are correct as gender, occupation, and ability to pay premiums affect risk and affordability.

The maximum disability income benefit is based on the insured's income to avoid over-insurance. Choice B is incorrect as health affects eligibility, not benefit amount. Choice C is incorrect as age is secondary. Choice D is incorrect as occupation influences risk, not maximum benefit.

Medicare hospital coinsurance coverage is a core benefit of Medicare Supplement policies. Choice B is incorrect as it's not an additional benefit. Choice C is incorrect as Part B covers medical services, not hospital coinsurance. Choice D is incorrect as it's not a limited policy.

Speculative risk involves potential for gain or loss, like investing. Choice A is incorrect as pure risk involves only loss. Choice B is incorrect as retained risk is uninsured risk. Choice D is incorrect as transferred risk is covered by insurance.

Medicare Supplement insurance is designed for individuals enrolled in Medicare to cover gaps in coverage. Choice A is incorrect as it describes Medicaid eligibility. Choice C is incorrect as it's not limited to those denied commercial coverage. Choice D is incorrect as employer plan ineligibility is irrelevant.

Life insurance policies are typically contestable for two years due to misstatements in the application. Choice A is incorrect as policies can be contested within the period. Choice C is incorrect as contestability is time-limited. Choice D is incorrect as felonies are unrelated to contestability.

Modifications to an accident and health policy must be approved by an insurer's officer to ensure validity. Choice A is incorrect as changes require insured consent. Choice B is incorrect as premium increases are not always required. Choice D is incorrect as producers cannot unilaterally modify policies.

Prescription drug plans encourage generic drugs to reduce costs, as they are less expensive than brand-name drugs. Choice A is incorrect as legend drugs are prescription drugs, not cost-specific. Choice B is incorrect as federal approval applies to all drugs. Choice D is incorrect as brand-name drugs are costlier.

Deductibles in major medical policies typically apply per year, person, or family, not per medical expense. Choice A is correct as annual deductibles are common. Choice B is correct as individual deductibles are standard. Choice C is correct as family deductibles are often included.

Decreasing term life insurance does not accumulate cash value, as it provides only a death benefit. Choices A, B, and D are incorrect because universal life, adjustable life, and whole life policies all build cash value over time.

Utah prohibits reducing benefits for newborns under accident and health plans to ensure equal coverage. Choices A, B, and D are incorrect as no exceptions are allowed.

Term life insurance does not provide a cash benefit if the insured survives the policy term, as it lacks cash value. Choices A, B, and D are correct advantages of term insurance.

An employee receiving funds from a qualified plan can roll them over into an IRA without tax penalties. Choice A is incorrect as life insurance proceeds are not eligible for rollover. Choice B is incorrect as new investments are contributions, not rollovers. Choice D is incorrect as lottery winnings are not eligible.

Assignment of payments to providers simplifies claim handling by paying providers directly. Choice A is incorrect as physician statements are for underwriting. Choice B is incorrect as inspection reports are for risk assessment. Choice C is incorrect as hospital exams are unrelated to claims.

Federal estate tax is a common tax associated with death for large estates. Choice A is incorrect as life insurance proceeds are generally tax-free. Choice B is incorrect as excise taxes are unrelated. Choice D is incorrect as sales tax does not apply to death.

Religion is not an underwriting criterion due to anti-discrimination laws. Choices A, C, and D are correct as gender, occupation, and ability to pay premiums affect risk and affordability.

The maximum disability income benefit is based on the insured's income to avoid over-insurance. Choice B is incorrect as health affects eligibility, not benefit amount. Choice C is incorrect as age is secondary. Choice D is incorrect as occupation influences risk, not maximum benefit.

Medicare hospital coinsurance coverage is a core benefit of Medicare Supplement policies. Choice B is incorrect as it's not an additional benefit. Choice C is incorrect as Part B covers medical services, not hospital coinsurance. Choice D is incorrect as it's not a limited policy.

Speculative risk involves potential for gain or loss, like investing. Choice A is incorrect as pure risk involves only loss. Choice B is incorrect as retained risk is uninsured risk. Choice D is incorrect as transferred risk is covered by insurance.

Medicare Supplement insurance is designed for individuals enrolled in Medicare to cover gaps in coverage. Choice A is incorrect as it describes Medicaid eligibility. Choice C is incorrect as it's not limited to those denied commercial coverage. Choice D is incorrect as employer plan ineligibility is irrelevant.

Life insurance policies are typically contestable for two years due to misstatements in the application. Choice A is incorrect as policies can be contested within the period. Choice C is incorrect as contestability is time-limited. Choice D is incorrect as felonies are unrelated to contestability.

Modifications to an accident and health policy must be approved by an insurer's officer to ensure validity. Choice A is incorrect as changes require insured consent. Choice B is incorrect as premium increases are not always required. Choice D is incorrect as producers cannot unilaterally modify policies.

Prescription drug plans encourage generic drugs to reduce costs, as they are less expensive than brand-name drugs. Choice A is incorrect as legend drugs are prescription drugs, not cost-specific. Choice B is incorrect as federal approval applies to all drugs. Choice D is incorrect as brand-name drugs are costlier.

Deductibles in major medical policies typically apply per year, person, or family, not per medical expense. Choice A is correct as annual deductibles are common. Choice B is correct as individual deductibles are standard. Choice C is correct as family deductibles are often included.

Decreasing term life insurance does not accumulate cash value, as it provides only a death benefit. Choices A, B, and D are incorrect because universal life, adjustable life, and whole life policies all build cash value over time.