Exam (elaborations)
Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
- Course
- Institution
Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
[Show more]
Content preview
Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - Correct Answer ✅A. As of the application date
All of the following are true about group disability income insurance EXCEPT:
A. The waiting period starts at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - Correct Answer ✅C. Coverage applies both on and off the job.
Under the age discrimination in employment act, if the obligation of the employer to provide retiree health benefits, what will an individual younger than 65 receive in benefits each year? A. one-fourth of the benefits required under the social security act. B. at least 10,000. C. At least the value of the Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
Social Security Benefits. D. The minimum established by the employer - Correct Answer ✅C. At least the value of the Social Security benefits
Disability income policies can provide coverage for a loss of income when returning to work only part-time after recovering from total disability. What is the benefit that is based on the insured's loss of earnings after recovery from a disability? A. recurrent disability B. partial disability C. income replacement D. Residual disability - Correct Answer ✅D. Residual disability
A producer is acting in what capacity when he or she is trying to obtain credible information about an applicant for health insurance? A. office underwriter B. General agent C. Consumer report investigator D. Field underwriter - Correct Answer ✅D. Field underwriter
Which of the following riders would NOT increase the premium for a policyowner? A. impairment rider B. payor benefit rider C. Waiver of premium rider D. Multiple indemnity rider - Correct Answer ✅A. impairment rider
An insured wants to name her husband as the beneficiary of her health policy. She also wishes to retain all of the rights of ownership. The insured Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
should have her husband named as what type of beneficiary? A. Contingent B. Irrevocable C. Revocable D. Primary - Correct Answer ✅C. Revocable
Guarantee of insurability option in long-term care policies allows the insured
to: A. Secure the policy's nonforfeiture values regardless of the insured's age or health status. A. Secure the policy's value regardless of the insured's age or health status. B. Increase benefit levels without providing proof of insurability. C. Add dependents to the plan without providing proof of their insurability. D. Replace the existing LTC policy based on the original underwriting. - Correct Answer ✅B. Increase benefit levels without providing proof of insurability.
What is the maximum age for qualifying for a catastrophic plan? A. 26 B. 30 C. 45 D. 62 - Correct Answer ✅B. 30
Which type of dental care would cover operative treatment of the mouth? A.
Endodontics B. Orthodontics C. Oral surgery D. Restoratvie - Correct Answer ✅C. Oral surgery
Under a key person disability income policy, premium payments... A. Are made by the business and are tax-deductible B. Are made by the business
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 Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53340 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now