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NORTH CAROLINA HEALTH INSURANCE STATE EXAM PREP
NEWEST ACTUAL / QUESTIONS AND ANSWERS
VERIFIED /GRADED A+
Which of the following policy features allows an insured to defer current health charges to the following year's deductible instead of the current year's deductible? - ----Answers---- carryover provision
R had received full disability income benefits for 6 months.When he returns to work, he is only able to resume half his normal daily workload. Which provision pays reduced benefits to R while he is not working at full capacity? - ----Answers--- -Residual Disability
A disability elimination period is best described as - ---- Answers----time deductible
What is the elimination period of an individual disability policy?
- ----Answers----Time period a disabled person must wait
before benefits are paid
What is considered to be a characteristic of a conditionally Renewable Health Insurance policy? - ----Answers---- Premiums may increase at time of renewal
The policy provision that entitles the insurer to establish conditions the insured must meet while a claim is pending is - ----Answers----Time limit on certain defenses 1 / 2
insurers may request a hearing within how many days if their policy is rejected - ----Answers----20 days
M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the denial before the policy will be automatically placed back in force? - ----Answers----45 days
which accident and health policy provision addresses pre- existing conditions? - ----Answers----time limit on certain defenses
an insured pays premiums on an annual basis for an individual health insurance policy. What is the minimum number of days for the grace. Provision? - ----Answers----31
what type of Rider would be added to an accident and health policy if the policy owner wants to ensure the policy will continue if he or she ever becomes totally disabled? - ---- Answers----waiver of premium Rider
what is the purpose of the time of payment of claims provision? - ----Answers----prevents delayed claim payments made by the insurer
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