Colorado Accident & health laws state
Exam simulator Questions and Answers
Which of the following statements about Health Reimbursement
Arrangements (HRA) is correct? - -If the employee paid for qualified medical
expenses, the reimbursements may be tax free.
-Which parts of a health insurance policy are guaranteed to be true? - -
warranty
-What is usually excluded from medical expense policies? - -Intentionally
self-inflicted injuries
-insurable interest only needs to exist at the time of application. - -F
-reimbursement of benefits for the treatment of a beneficiary's injures
caused by a third party? - -subrogation is the right for an insurer to purse a
third party the caused an insurance loss to the insured
-accident policy will most likely pay a benefit for an - -off-the-job-accident
-deductibles are used in health policies to lower - -coinsurance amount
-must be renewed by the insurer and the premiums can only be increased if
applied to the entire class of insureds - -guaranteed renewable
-dental care indemnity coverage - -services are reimbursed after insurer
receives the invoice
-agent authority - -express, implied, and apparent
-document NOT required to mention the Colorado fraud statute - -
certificates of authority
-which of these arrangements allows one to bypass insurable interest laws? -
-investor-originated life insurance sometimes called stranger originated life
insurance is used to circumvent state insurable interest statutes.
-all of the following are considered to be typical characteristics describing
nature of an insurance contract except - -bilateral (unilateral, aleatory, and
adhesion are all characteristics of insurance contract)
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