Exam (elaborations)
Health Insurance Cards – Q&A – Guaranteed Pass
- Course
- Institution
Health Insurance Cards – Q&A – Guaranteed Pass
[Show more]
Seller
Follow
LeCrae
Reviews received
Content preview
Health Insurance Cards – Q&A – Guaranteed PassWhich would protect the owner of a mobile phone, laptop, tablet, or other
similar device against the devices theft or malfunction? Correct Ans -
Portable electronics insurance
The requirement that agents not commingle insurance monies with their
own fund is known as Correct Ans - Fiduciary responsibility
A non resident person can receive a non resident producer lines if all of the
following are true EXCEPT:
A) the persons home state awards resident producer license to non
residents of the state on a limited basis
B) the person has submitted the proper request for licensure and has paid
the fees prescribed
C) the person has submitted or transmitted to the Commissioner the
application for licensure
D) the person is currently licensed as a resident and in good standing in his
home state Correct Ans - A
Which of the following is NOT required for a producer to tell a prospect
A) what requirements the producer needed to meet to obtain the insurance
licenser
B) from what outside sources the insurer would seek information
regarding the insured
C) how the insurer would use any outside information regarding the
applicant
D) an explanation of products that the insurer is selling Correct Ans -
A
,A typical accidental death and dismemberment policy covers all of the
following losses EXCEPT:
A) limb
B) life
C) income
D) eyesight Correct Ans - C
What type of information is NOT included in a certificate of insurance?
A) the procedures for filing a claim
B) the length of coverage
C) the cost the company is paying for monthly premiums
D) the policy benefits and exclusions Correct Ans - C
The patient protection and affordable care act mandates that insurers
provide coverage for adult children of the insured up to the age of
A) 19
B) 21
C) 26
D) 30 Correct Ans - C
All of the following are correct concerning medical savings accounts (MSA)
EXCEPT
A) amounts deposited for the employee have large taxes
B) amounts deposited for the employee are income tax deductible
, C) during the year, the employee may deduct from the MSA to cover out of
pocket expenses such as deductibles and co insurance
D) if there is a balance left in the MSA the balance can be carried over to
future years Correct Ans - A
An agent accepts the premium payment 35 days after it is due, telling the
insured that there will not be a problem keeping the policy enforced, this is
an example of what type of agent authority?
A) implied
B) assumed
C) apparent
D) express Correct Ans - C
AN employee becomes insured under the PPO plan provided by his
employer. If the insured decides to go to a physician who is not a PPO
provider, which of the following will happen?
A) the PPO will pay the same benefits as if the insured had seen the PPO
physician
B) The PPO will pay reduced benefits
C) The PPO will not not pay any benefits at all
D) The insured will be required to pay a higher deductible Correct Ans
- B- i had said D
How soon following the occurrence of a covered loss must an insured
submit written proof of such loss to the insurance company?
A) as soon as possible
B) within 20 days
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $21.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now