NJ HEALTH AND ACCIDENT
INSURANCE EXAM 2024 ACTUAL
EXAM COMPLETE 400 QUESTIONS
WITH DETAILED VERIFIED
ANSWERS (100% CORRECT
ANSWERS) / ALREADY GRADED A+
What amount will be paid under a policy where the
insured misstated his/her age? - ....ANSWER...An
amount the premium would have purchased at the
correct age
All Medicare Supplement policies MUST contain
which provision? - ....ANSWER...Pre-existing
conditions may only be excluded from coverage for a
maximum of 6 months
,Low-frequency diseases can be exclusively covered
by what kind of health insurance policies? -
....ANSWER...Limited policies
In group medical expense health insurance plan,
coverage for alcoholism is treated as? -
....ANSWER...Treated as any other illness, sickness,
or disease
Which of the following is NOT included under a
health benefit plan? - ....ANSWER...Hospital indemnity
plan
Once an accident and health insurance policy has
been in force for ___ year(s), the policy may NOT be
contested by the insurer - ....ANSWER...2 years
A medicare supplement policy must NOT contain
benefits which - ....ANSWER...duplicate Medicare
benefits
The Commissioner may - ....ANSWER...establish
continuing education requirements
,Signatures for an insurance application MUST be
obtained by the producer from all of the following
sources EXCEPT - ....ANSWER...the beneficiary
David submits a $500 claim for medical expenses.
There is a past due amount owed for insurance
premiums of $200. As a result, the insurer only pays
$300 for the claim. The deduction came as a result of
which provision? - ....ANSWER...unpaid provision
Who is the individual paid on a fee-for-service
basis? - ....ANSWER...Provider
A producer's secretary who solicits prospects on the
telephone - ....ANSWER...must be licensed as a
producer
Insurance advertisements in a local newspaper are
regulated by? - ....ANSWER...Department of Banking
and Insurance
Johan the producer charged a fee to a sales
prospect for analyzing insurance coverages.
, According to NJ law, a reasonable relationship must
exist between the fee and the -
....ANSWER...Substance of the services performed
What is the free-look period of a Medicare
Supplement policy? - ....ANSWER...30 days
Which of the following is an example of defamation?
- ....ANSWER...Using derogatory about an insurance
company's financial condition
All of the following are included as part of a contract
in the entire contract provision EXCEPT the -
....ANSWER...changes made by the producer
A health insurance policy that allows an insurer to
change the policy owner's premiums, but NOT cancel
the policy is called a(n) - ....ANSWER...guaranteed
renewable policy
Richard owns an insurance policy that is renewable
only at the option of the insurance company. His
policy is considered to be - ....ANSWER...Optionally
renewable
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