FREE AND STUDY GAMES ABOUT STACK 3576297 EXAM

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FREE AND STUDY GAMES ABOUT STACK #3576297 EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -87 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Medicaid provides all of the following benefits EXCEPT

Answer:

Income assistance for work-related injury.Question 2: In reference to the standard Medicare Supplement benefits plans, what does the term standard mean?

Answer:

All providers will have the same coverage options and conditions for each plan.Question 3: Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract?

Answer:

warranty

Question 4: Which of the following is NOT a feature of a noncancellable policy?

Answer:

The insurer may terminate the contract only at renewal for certain conditions.

Question 5: Disability income coverage specifies that the policy covers the insured if he is unable to perform any job for which he is qualified. In this case, total disability is defined as

Answer:

Any occupation - more restrictive than other definitions.Question 6: An insured is covered under 2 group health plans - under his own and his spouse's.He had suffered a loss of $2,000. After the insured paid the total of $500 in deductibles and coinsurance, the primary insurer covered $1,500 of medical expenses. What amou

Answer:

$500

Question 7: Which nonforfeiture option provides

coverage for the longest period of time?

Answer:

Reduced paid-up Question 8: Which agreement specifies how a business will transfer hands when one of the owners dies or becomes disabled?

Answer:

Disability Buy Sell Question 9: Which of the following are the main factors taken into account when calculating residual disability benefits?

Answer:

Present earnings and earnings prior to disability Question 10: Which of the following is NOT a feature of a guaranteed renewable provision?

Answer:

The insurer can increase the policy premium on an individual basis.Question 11: The provision that provides for the sharing of expenses between the insured and the insurance company is

Answer:

Coinsurance.

Question 12: An insured notifies the insurance company that he has become disabled. What provision states that claims must be paid immediately upon written proof of loss?

Answer:

Time of Payment of Claims

Question 13: While a claim is pending, an insurance company may require

Answer:

An independent examination as often as reasonably required.Question 14: Which one of the following is an eligibility requirement for Social Security disability income benefits?

Answer:

Fully insured status Question 15: In the event of loss, after a notice of claim is submitted to the insurer, who is responsible for providing claims forms and to which party?

Answer:

Insurer to the insured

Question 16: Upon the death of the insured, the primary

beneficiary discovers that the insured chose the interest only settlement option. What does this mean?

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The beneficiary will only receive payments of the interest earned on the death benefit.Question 17: Which of the following will vary the length of the grace period in health insurance policies?

Answer:

The mode of the premium payment Question 18: The relation of earnings to insurance provision allows the insurance company to limit the insured's benefits to his/her average income over the last

Answer:

24 months

Question 19: According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT

Answer:

Unearned premiums are retained by the insurance company.Question 20: An insured is hospitalized with a back injury. Upon checking his disability income policy, he learns that he will not be eligible for benefits for at least 30 days. This indicates that his policy is written with a 30-day

Answer:

Elimination period.Question 21: Which of the following is true regarding elimination periods and the cost of coverage?

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The longer the elimination period, the lower the cost of coverage Question 22: What is the maximum period of time during which an insurer may contest fraudulent misstatements made in a health insurance application?

Answer:

As long as the policy is in force Question 23: A policy available to business owners that provides payment for normal business expenses in the event that the owner is disabled is called

Answer:

Business Overhead Expense

Question 24: All of the following qualify for Medicare Part A EXCEPT

Answer:

Anyone who is willing to pay a premium.Question 25: Which of the following provisions would prevent an insurance company from paying a reimbursement claim to someone other than the policyowner?

Answer:

Payment of Claims