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XCEL Health/Life OHIO Exam Prep Questions And Answers ()
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XCEL Ohio Life and Health Practice Exam Exam Prep Questions AndAnswers (202472025)
sonya applied for a health insurance policy on april 1. her agent submitted the information to the
insurance company on april 6. she paid the premium on may 15 with the policy indicating the
effect date being on may 30. on which date would sonya have coverage. - ✔✔may 30
ken is a producer who has obtained consumer information reports under false pretenses. under the
fair credit reporting act, what is the maximum penalty that may be imposed on ken? - ✔✔5,000
which of these gaps in medicare coverage is addressed with medicare supplemental insurance? -
✔✔medicare in-hospital deductible
who is the individual paid on a fee-for-service basis? - ✔✔provider
insurance agent kelly offers a prospect a $1000 shopping card if an insurance policy is puchased
through her. what illegal activity is this an example of? - ✔✔rebating
group health plans may deny participation based upon the - ✔✔members part-time employment
status
a medicare supplement basic benefit is - ✔✔the first 3 pints of blood per year
According to HIPAA, when an insured individual leaves an employer and immediately begins
working for a new company that offers group health insurance, the individual - ✔✔is eligible for
coverage upon hire
how many employees must an employer have for a terminated employee to be eligible for COBRA
- ✔✔20
a limited payment whole life policy provides - ✔✔lifetime protection
,if the annuitant dies before the annuity start date - ✔✔the premiums paid plus interest earned will
be given to the beneficiary
an employer with under 20 employees must allow a terminated employee to continue accident and
health coverage for a minimum of - ✔✔12
a life insurance applicant in ohio may backdate the application for up to ___ months - ✔✔3
which of the following are the premium payments for a universal life policy not used for -
✔✔separate account investments
a payment system for health care in which the provider is paid for each service given is called -
✔✔fee-for-service
Shirley has a Medigap policy, which is designed to pay costs associated with - ✔✔medicare parts
A and B
Richard owns an insurance policy that is renewable only at the option of the insurance company.
His policy is considered to be - ✔✔optionally renewable
amy has a group medical policy through her employer with a $500 deductible and a 90%
coinsurance provision. she incurs $1500 in covered health care services. how much will her group
insurance carrier pay? - ✔✔$900
an order issued by the superintendent that prohibits a specific practice listed in the oder is called a
- ✔✔cease and desist order
the automatic premium loan provision authorizes an insurer to withdraw from a policy's cash value
the amount of - ✔✔past due premiums that have not been paid by the end of the grace period
, All _____ policies must be guaranteed renewable. - ✔✔long term care
The principle of insurable interest, in regards to a life insurance contract, is accurately described
in which statement? - ✔✔insurable interest can be based on the love and affection of individuals
related by blood or law
Under a life insurance policy, what does the insuring clause state? - ✔✔the insurers obligation to
pay a death benefit upon an approved death claim
a change in an insurance application requires - ✔✔an initial made by the applicant
the double indemnity provision in a life insurance policy pertains to an insureds death caused by
an - ✔✔accident
A minor may receive a life insurance policy's death benefit ONLY - ✔✔if the minor has an
appointed guardian
kathy pays a monthly premium on her health insurance policy. how long is her grace period -
✔✔10 days
a disability income policy can prevent an insured from earning a higher income than if he/she were
working by utilizing - ✔✔benefit limits
The time limit for filing claim disputes is addressed in which provision of an accident and health
policy? - ✔✔legal actions
all of the following are considered appropriate uses of life insurance for business purposes except
- ✔✔protecting the business by covering entry level employees with life insurance
which of the following is ineligible to participate in a section 125 plan - ✔✔an s-corp owner with
greater than a 2% share
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