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ch 1 Health and Accident Insurance 2023 with complete solution

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ch 1 Health and Accident Insurance 2023 with complete solution.P is an employee who quits her job and wants to convert her group health coverage to an individual policy. After the expiration of COBRA laws, which of the following statements is TRUE? - answerShe does NOT need to provide evidence o...

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  • June 20, 2023
  • 13
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
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ch 1 Health and Accident Insurance 2023 with
complete solution


P is an employee who quits her job and wants to convert her group health coverage
to an individual policy. After the expiration of COBRA laws, which of the following
statements is TRUE? - answerShe does NOT need to provide evidence of
insurability



G is an accountant who has ten employees and is concerned about how the
business would survive financially if G became disabled. The type of policy which
BEST addresses this concern is: - answerBusiness Overhead Expense



S is employed by a large corporation that provides group health coverage for its
employees and their dependents. If S dies, the company must allow his
surviving spouse and dependents to continue their group health coverage for a
maximum of how many months under COBRA regulations? - answer36



A policyowner's rights are limited under which beneficiary designation? -
answerIrrevocable



The federal income tax treatment of employer-provided group Medical Expense
insurance can be accurately described as: - answerEmployee's premiums paid by
the employer is tax-deductible to the employer as a business expenditure



Which of the following characteristics is associated with a large group disability
income policy? - answerNo medical underwriting



P and Q are married and have three children. P is the primary beneficiary on Q's
Accidental Death and Dismemberment (AD&D) policy and Q's sister R is the
contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are
killed instantly. The Accidental Death benefits will be paid to: - answerP only



The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
protection for: -

,

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