PRACTICE EXAM OF TEXAS LIFE HEALTH INSURANCE.

PDF Download PRACTICE EXAM OF TEXAS LIFE & HEALTH INSURANCE."HEALTH SECTION 4" EXAM QUESTIONS Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -8 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: 1) All of the following are true regarding a Group Health insurance policy that

includes coverage for dependents EXCEPT:

A- Dependent children may continue coverage as long as they live at home B- Upon termination of employment, dependents may continue their group coverage C- Upon termination of employment, dependents may convert to an individual policy without a physical exam D- Newborn children are covered from the moment of birth

Answer:

A- Dependent children may continue coverage as long as they live at home Question 2: On Health insurance, all of the following are considered to be Rights of Ownership

EXCEPT:

A- Applying to reinstate a lapsed policy B- Changing an irrevocable beneficiary on an AD&D policy C- Paying the premium D- Assigning benefits payable to a health care provider

Answer:

B- Changing an irrevocable beneficiary on an AD&D policy

Question 3: 1) What type of Health insurance requires the policy owner to designate a beneficiary?A- Specified Disease B- AD&D C- Disability Income D- Medical Expense

Answer:

B- AD&D Question 4: 1) Which of the following benefits, if any, may be taxed like wages and salary by the Internal Revenue Service?A- Workers' Compensation benefits Not taxable B- Welfare benefits Not Taxable in Texas C- All answer options are incorrect D- Social Security Disability benefits Not Taxable

Answer:

C- All answer options are incorrec Question 5: 1) Which of the following statements is true about Residual Disability benefits?A- They are reduced when an insured is not under a doctor's care B- An insured is entitled to a Principal Sum benefit for the partial loss of a limb C- Payment may be based on loss of time, income, or function D- Payment may be based on termination of employment

Answer:

C- Payment may be based on loss of time, income, or function Question 6: 1) The coverage provided by a Disability Income policy that does NOT pay benefits

for losses occurring as the result of the insured's employment is called:

A- Workers' Compensation B- Non-occupational coverage C- Unemployment coverage D- Occupational coverage

Answer:

B- Non-occupational coverage Question 7: What type of Disability Income insurance coverage will pay the insured a portion of the difference between what he earned before his disability and what he can earn now?A- Temporary B- Partial C- Residual D- Total

Answer:

B- Partial Question 8: 1) If an insured, covered by both Disability Income insurance and Workers'

Compensation, is injured at work, the claim will be:

A- Shared by the two policies equally B- Paid by Workers' Compensation C- Paid by the Disability Income policy D- Denied

Answer:

B- Paid by Workers' Compensation