NJ HEALTH AND ACCIDENT ACTUAL TEST QUESTION S

NJ HEALTH AND ACCIDENT ACTUAL TEST QUESTION S

AND CORRECT VERIFIED ANSWERS LATEST UPDATED

VERSION - |GUARANTEED PASS. (BRAND NEW!!) NJ

HEALTH AND ACCIDENT QUESTIONS

A closed network plan offers a primary physician copay of $25.If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay Answer- 100% of the billed amount

What is the maximum fine for a producer violating an NJ insurance law for the first time?Answer- $5000

A licensed producer is required to file notice to any changes of address within how many days Answer- 30 days

Jonas has disability insurance through his employer. The employer pays 75% of the premium, and Jonas pays the other

25%. What is Jonas's tax liability for any benefits paid from the disability plan?Answer- Taxes must be paid on 75% of the benefits received

After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms?Answer- File written proof of loss

Which of the following is an example of the insured's consideration?Answer- A paid premium

A(n) _______ insurance company is one that was formed under the laws of a state other than NJ Answer- Foreign

Kathy pays a monthly premium on her health insurance policy.How long is her grace period?

Answer- 10 days

Insurance licenses are intended to be issued for the purpose of authorizing the transaction of business with members of the general public and not primarily allowing someone to benefit from commissions on business that insurers their personal interest. The description of which of the following?Answer- Controlled business

A master contract and certified coverage can be found in which type of policy?Answer- Group

Medicaid is a government-funded program designed to provide health care to Answer- poor people

Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home?Home Health Care

What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do?In the event of employment termination, group health insurance can be kept if the employee pays the premiums

Replacement regulation is designed to protect the interests of Policy owners

Continued coverage under COBRA would be provided to all of the following except?a covered employee is terminated for gross misconduct

A health insurer must be provided with written proof of loss ______ days after the date of loss