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Health Insurance Exam | Questions and Verified Answers | Grade A (Latest Update 2025 / 2026)
Question:
An insurer operating in the U.S. but headquartered outside the U.S. is
Answer:
an alien insurer
Question:
What is the minimum age that minors may contract for life, health, accident insurance, or annuities for the benefit of themselves or their estates, or for the benefit of their father, mother, husband, wife, brother, or sister?
Answer:
10
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Question:
A temporary license is good for up to
Answer:
180 days
Question:
Health and accident insurance that covers special groups of persons is called what type of insurance?
Answer:
Blanket
Question:
At the time of application, insurers must provide prospects for Medicare supplement policies with a copy of
Answer:
the Medicare supplement buyer's guide
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Question:
To establish an HMO in Nebraska, the proper application must be submitted to
Answer:
the Director of Insurance
Question:
After the Director of Health approves an HMO application, the Director of Insurance must issue or deny the certificate of authority within how many days?
Answer:
45
Question:
Voluntarily terminating an insurance policy is also known as
Answer:
cancellation
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Question:
Which of the following is NOT considered to be an expense for surviving family members of a deceased wage earner?
Answer:
Unemployment tax expenses
Question:
An officer for a corporation takes out numerous unsecured loans from the company's qualified retirement plan. Which of these rules is the plan in violation of?
Answer:
Exclusive benefit rule
Question:
A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid
Answer:
mandatory income tax withholding on the amount transferred
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