FREE AND STUDY GAMES ABOUT STATE SIMULATOR

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FREE AND STUDY GAMES ABOUT STATE SIMULATOR

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -199 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Which of these is typically regarded as a major treatment in an indemnity dental plan?

Answer:

Dentures Question 2: Proceeds of the viatical settlement contract could be subject to the claims of

Answer:

Creditors Question 3: An accident and health insurance policy covers the insured, the insured's spouse, and their child. If additional children are born to the family, the accident and health insurance policy must cover the children

Answer:

From the date of birth

Question 4: How would preventative care be encouraged in a dental plan?

Answer:

No deductible or coinsurance on oral examinations

Question 5: Mary is the sole proprietor of her business and has a family health plan. She would like to deduct the premiums from her taxes. What percentage of her premiums are tax deductible?

Answer:

100% Question 6: When using the needs approach to life insurance planning, lump sums may be created for all of the following reasons EXCEPT

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Employee benefits Question 7: Which of these pharmacy options is typically available to enrollees in a staff model HMO?

Answer:

An in-house pharmacy

Question 8: Most prepaid dental plans cover

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Oral exams Question 9: An insurer that confines or largely limits the exposures it writes to those of its owners is called

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Captive Question 10: When the employer pays the premium, covered individuals normally receive tax-free benefits under all of the following group health plans EXCEPT

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Disability income Question 11: All of the following claims settlement practices could initiate a cease and desist order EXCEPT

Answer:

Refusing to pay a claim without conducting a reasonable investigation of all available information where material facts are in dispute

Question 12: How does a continuous premium whole life policy differ from a limited pay whole life policy?

Answer:

The time period in which premiums will be paid Question 13: If a group endorses an accident and health insurance product in an advertisement, the public must be made aware of

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Any control by the insurer over the group

Question 14: A rating on a disability income insurance policy means that

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An additional premium will be charged Question 15: Splitting the commission with the buyer on a sale of insurance is known as

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Rebating Question 16: What is the minimum number of employees needed for a small employer medical expense plan in Arizona?

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2 Question 17: Pete is covered by an employer-provided group health insurance plan, which covers employees in multiple states. This plan is governed by the laws of which state?

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Where the master contract was issued Question 18: A disability income insurance policy was recently issued with a rating. What does this mean?

Answer:

Policyowner will be charged an additional premium

Question 19: An employer has a group life insurance plan in place for his employees. How would an employee with health problems be treated in this situation?

Answer:

Eligible for standard coverage on this plan Question 20: In accident and health insurance, 60 days must pass after written proof of loss has been received by an insurer before the insured may

Answer:

Bring legal action against the insurer

Question 21: Who regulates an insurer's claim settlement practices?

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State insurance departments Question 22: What action does an insurance company take under the rehabilitation benefit in a disability income policy?

Answer:

covers the cost of the rehabilitation necessary to help a disabled insured return to work Question 23: In Arizona, a group accident and health certificate of insurance must contain

Answer:

A summary of policy features and benefits

Question 24: The reason for backdating a policy is

Answer:

to obtain a premium rate based on an earlier age

Question 25: Which statement regarding whole life insurance is accurate?

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Insurance coverage can continue for life Question 26: An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer. What kind of contract is this?

Answer:

Reinsurance