Exam (elaborations)
Kentucky Health Insurance Exam Study Questions and Answers
- Course
- Institution
Kentucky Health Insurance Exam Study Questions and Answers
[Show more]
Content preview
Kentucky Health Insurance Exam StudyThe 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 - 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. - 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 Social
Security Benefits. D. The minimum established by the employer - 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 - 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 - 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 - 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 should have her husband named as what type of beneficiary?
A. Contingent B. Irrevocable C. Revocable D. Primary - 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. - 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 - Answer-B. 30
Which type of dental care would cover operative treatment of the mouth? A. Endodontics B.
Orthodontics C. Oral surgery D. Restoratvie - 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 and are not tax deductible. C. Are made by the employee
and are not tax deductible D. Are made by the employee and are tax free. - Answer-B. Are made by the
business and are not tax deductible.
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 Zanaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now