PEARSON VUE STATE HEALTH INSURANCE PRACTICE

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PEARSON VUE STATE HEALTH INSURANCE PRACTICE

EXAM Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -21 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: An insurer doing business in this state must operate under: A.an advisory board A.an advisory board B.a resident board of directors B.a resident board of directors C.a certificate of authority C.a certificate of authority D.articles of incorporation filed with the Secretary of State D.articles of incorporation filed with the Secretary of State

Answer:

c

Question 2: Which of the following statements is CORRECT about insurance producers who fail to satisfy the continuing education requirements?A.They may be subject to a fine.A.They may be subject to a fine.B.They may be subject to legal prosecution.B.They may be subject to legal prosecution.C.Their licenses will be terminated.C.Their licenses will be terminated.D.Their licenses will be suspended.D.Their licenses will be suspended.

Answer:

c Question 3: An insurance producer who makes false statements that harm the reputation of

another insurer is guilty of:

A.discrimination A.discrimination B.defamation B.defamation C.misrepresentation C.misrepresentation D.controlled business D.controlled business

Answer:

b

Question 4: Any company that furnishes health care services to enrolled members in return for

a fixed sum or prepaid premium is defined as:

A.a franchise plan provider A.a franchise plan provider B.a health maintenance organization B.a health maintenance organization C.a blanket health insurer C.a blanket health insurer D.an industrial health insurer D.an industrial health insurer

Answer:

b Question 5: An individual who, for the purpose of collecting premiums, acts for another in

negotiating a contract of insurance is considered to be:

A.a principal A.a principal B.a broker B.a broker C.a solicitor C.a solicitor D.a producer D.a producer

Answer:

d

Question 6: Which of the following persons is authorized to enforce state insurance laws?A.The Insurance Commissioner A.The Insurance Commissioner B.The state Attorney General B.The state Attorney General C.The Governor C.The Governor D.The state Auditor D.The state Auditor

Answer:

a Question 7: The Insurance Commissioner may examine the records of an insurer at which of the following times?A.Only when a state court has ordered an examination A.Only when a state court has ordered an examination B.Only when consumer complaints against the company become unusually frequent B.Only when consumer complaints against the company become unusually frequent C.Only when the company is filing for reorganization C.Only when the company is filing for reorganization D.At any time the Insurance Commissioner sees fit D.At any time the Insurance Commissioner sees fit

Answer:

d