CA Life, Accident, Health Test 100% Correct Solved

CA Life, Accident, Health Test 100% Correct Solved Which of the following would not be accomplished with the purchase of an insurance policy? - Correct Answer ️️ -Risk is eliminated Individuals become eligible for Medicare Part A benefits at what age? - Correct Answer ️️ -65 At what point does a self-insured group qualify for a stop-loss coverage? - Correct Answer ️️ -When claims exceed a specified limit in a set period of time What percentage of eligible employees must participate in a noncontributory group health plan before it can be put in effect? - Correct Answer ️️ -100% In a life insurance policy, the entire contract consists of - Correct Answer ️️ -Policy and attached application How is the cost of employer-provided group life insurance with coverage amounts above $50,000 treated for tax purposes? - Correct Answer ️️ -Taxable income to the employee Which of the following is NOT typically covered under vision care insurance? - Correct Answer ️️ -Eye surgery Jon's health plan pays benefits of 90% for in-network providers and 70% for out-of- network providers. What kind of plan is this? - Correct Answer ️️ -PPO How are acts of war considered under a group life insurance policy? - Correct Answer ️️ -Policy exclusion What does the term "indemnity" mean as it pertains to insurance? - Correct Answer ️️ - To make whole Reasonably necessary acts that an agent must perform for carrying out his/her expressly authorized duties are covered by an agent's - Correct Answer ️️ -Implied authority A contract requires - Correct Answer ️️ -an offer and acceptance of the contract terms Coverage is limited for vision and dental insurance in all of the following ways EXCEPT - Correct Answer ️️ -Specific dollar amount for examinations The problem of overinsurance is addressed in which health insurance provision? - Correct Answer ️️ -Coordination of benefits Medicare part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - Correct Answer ️️ -3 months The conditions, times, and circumstances under which an insured is NOT covered by a health policy are called? - Correct Answer ️️ -Exclusions Moral hazard is described as the - Correct Answer ️️ -Increased chance of a loss because of an insured's dishonest tendencies An agent's attempt to stop the replacement of an existing life insurance policy is known as - Correct Answer ️️ -Conservation Which of the following describes the number of deaths in a year compared to the number of people in a select group? - Correct Answer ️️ -Mortality rate Which of the following healthcare providers provides both the healthcare services and healthcare coverage? - Correct Answer ️️ -Healthcare Maintenance Organization (HMO) Failure to report background changes within 30 days as required under section 1729.2 of the California insurance code could subject a license or applicant to - Correct Answer ️️ -Suspension, denial, fine, restriction, or revocation of license According to the California Insurance Code, how is the word "may" interpreted? - Correct Answer ️️ -Permissive Which of the following refers to a condition that may increase the chance of