TENNESSEE HEALTH INSURANCE EXAM - PEARSON VUE

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TENNESSEE HEALTH INSURANCE EXAM - PEARSON VUE

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -59 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: what is correct about business overhead expense insurance

Answer:

means the bills continue to get paid for the business when a disability or illness puts you on the sidelines

Question 2: ACA (affordable care act) essential health benefits requires?

Answer:

non grandfathered health plans in the individual and small group markets to cover essential health benefits.Question 3: time of payment claims provision stated that intervals between disability income benefit may not exceed

Answer:

30 days

Question 4: what benefit is excluded from long term care policy

Answer:

Alcoholism and drug addiction

Question 5: a type of health contract that allows remaining partners to buy out interests is known as

Answer:

Disability Buy-Sell

Question 6: What is not a legit insurance practice from a business competitor?

Answer:

reducing commissions in order to make a sale.

Question 7: What is correct about the life and health guaranty association?

Answer:

it is to protect policyholders when an insurance company becomes insolvent.Question 8: K applies for a health insurance policy on herself and submits the initial premium with the application. She is given a receipt by the producer stating that coverage begins immediately if the application is approved. What kind of receipt was used?

Answer:

she used a conditional receipt

Question 9: Purpose of insuring clause in an accident and health policy is to

Answer:

outlines the risks assumed by the insurer Question 10: According to Tennessee insurance statute what is the dollar amount an insurance producer can give an unlicensed employee?

Answer:

not to exceed $25

Question 11: what provisions establishes a restoring policy after its lapsed

Answer:

Reinstatement Question 12: what is correct about disability income with a guaranteed insurance rider

Answer:

A guaranteed insurability rider guarantees the insured the option of purchasing additional amounts of disability income coverage at predetermined times without requiring the insured to provide evidence of insurability

Question 13: prospect submits an accident and health policy and receives a conditional receipt and insured never received it what is true about the situation

Answer:

the policy is in force

Question 14: the coinsurance clause in an individual medical expense refers to

Answer:

is a provision that requires the insured to share in the costs of medical care with the insurance company Question 15: employee who has kidney failure requires a dialysis is eligible for what medical coverage

Answer:

Medicare Question 16: under the guaranteed renewable provision a group having common occupations may not terminate coverage if a member

Answer:

becomes disabled

Question 17: What is an example of defamation in insurance?

Answer:

the act of making false statements or spreading false information about a person or entity that harms their reputation.Question 18: Which of the following acts by an insurance company would be considered unfair claims settlement practice?

Answer:

making claims payments to an insured or beneficiary without indicating the coverage under which each payment is being made.

Question 19: what is true about policy delivery

Answer:

you can hand deliver it, mail it in, email it

Question 20: what loss would an insurance company pay under accidental death and dismemberment

Answer:

loss of body part or function of a body Question 21: Moving from one state to another, a producer must file a change of address within how many days?

Answer:

30 days Question 22: What is not required in accidental and health policies in Tennessee?

Answer:

change of occupation

Question 23: what is true about group short term disability

Answer:

typically have a maximum benefit period of three to six months, though some may provide one year's worth of benefits.Question 24: Medicare supplement contract may include a preexisting condition exclusion in how many months?

Answer:

• months

Question 25: social security provides all of the following services except

Answer:

unemployment Question 26: A person may sell, solicit, or negotiate on behalf of insurer immediately after when?

Answer:

receiving state license