Exam (elaborations)
ARKANSAS HEALTH INSURANCE STUDY QUESTIONS AND ANSWERS
- Course
- Institution
ARKANSAS HEALTH INSURANCE STUDY QUESTIONS AND ANSWERS
[Show more]
Content preview
1-86 of 86Anyone who makes a fraudulent statement on an insurance application in order to
obtain money benefits from an insurance company has committed the act of
twisting malfeasance coercion misrepresentation
Give this one a try later!
Making a fraudulent statement on an insurance application would be
considered an act of misrepresentation.
,Which of the following statements is true about most Blue Cross/Blue Shield
organizations? They are the same as private insurance companies They are federally
sponsored *They are nonprofit organizations
*They are owned by hospitals and physicians
Give this one a try later!
They are nonprofit organizations. Most BC/BS organizations are
considered nonprofit.
An insurance applicant MUST be informed of an investigation regarding his/her
reputation and character according to the
Give this one a try later!
Fair Credit Reporting Act
The stated amount or percent of liquid assets that an insurer must have on hand that
will satisfy future obligations to its policyholders is called
Give this one a try later!
Reserves
A certificate of authority does which of the following?
Authorizes the insurance company to transact business in AR Gives the
commissioner the authority to make insurance laws in AR Authorizes the agent to sell
insurance Authorizes the customer to complete a free medical exam
, Give this one a try later!
Authorizes the insurance company to transact business in Arkansas. A
certificate of authority authorizes the insurance company to transact
business in Arkansas.
Which of the following BEST describes how a Preferred Provider Organization (PPO)
is less restrictive than a Health Maintenance Organization (HMO)? Typically not
subject to deductibles Not regulated by the federal government More benefits
available More physicians to choose from
Give this one a try later!
PPO's normally provide a wider choice of physicians and hospitals.
Under the Unfair Trade Practice law, agents may be found guilty of defamation if they
make a false statement that is intended to malign another insurance company
mislead a prospect about a policy's term of coverage misrepresent the benefits
payable under a policy defraud an insured or a claimant
Give this one a try later!
Agents making a false statements intended to malign another insurance
company may be found guilty of defamation.
Which of the following statements about the classification of applicants is
INCORRECT?
Substandard applicants are never declined by underwriters Substandard applicants
are occasionally declined by underwriters Preferred risk applicants typically have
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 selftest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80189 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now