NJ ACCIDENT AND HEALTH FINAL EXAM – 2024/2025 WITH 100% ACCURATE SOLUTIONS
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Module
NJ LIFE PRODUCER LIFE INSURANCE
Institution
NJ LIFE PRODUCER LIFE INSURANCE
NJ ACCIDENT AND HEALTH FINAL EXAM – 2024/2025 WITH 100% ACCURATE SOLUTIONS
The Commissioner must approve - Precise Answer Continuing education courses
Employer sponsored group health insurance provides coverage for which of the following?
Self-inflicted injuries
cosmetic surgery
cus...
NJ ACCIDENT AND HEALTH FINAL EXAM – 2024/2025 WITH 100%
ACCURATE SOLUTIONS
The Commissioner must approve - Precise Answer ✔✔Continuing education
courses
Employer sponsored group health insurance provides coverage for which of the
following?
Self-inflicted injuries
cosmetic surgery
custodial care
alcoholism - Precise Answer ✔✔alcoholism
A Medicare supplement policy can be cancelled by the insurer for - Precise
Answer ✔✔Nonpayment
Which entity is responsible for regulating insurance advertising in NJ? - Precise
Answer ✔✔New Jersey Department of Banking and Insurance
Which of the following are retained at the expense of an insurance buyer to give
advice on insurance needed by the buyer?
Brokers and consultants
Insurance prospectors
Third-party adminstrators
,Agents - Precise Answer ✔✔Brokers and consultants
Written notice for a health claim must be given to the insurer ___ days after the
occurrence of the loss. - Precise Answer ✔✔20
In which of the following situations would the insurer be liable for a loss?
a) The insured skipped a payment beyond the 31 day grace period
b) The insured was injured while participating in an illegal occupation
c) The insured was given a notice of cancellation from the insurer
d) The insured suffered an injury as an innocent bystander during a bank robbery -
Precise Answer ✔✔d) The insured suffered an injury as an innocent bystander
during a bank robbery
When a Medicare supplement policy is purchased during the open enrollment
period - Precise Answer ✔✔The policy must be issued regardless of health status
In what form do disability income policies typically pay benefits? - Precise Answer
✔✔Periodic income
What is considered to be the primary reason for buying life insurance? - Precise
Answer ✔✔Provide death benefits
A newborn is required to be covered for ____ days from the moment of birth -
Precise Answer ✔✔30
Once an accident and health insurance policy has been in force for ___ year(s), the
policy may NOT be contested by the insurer - Precise Answer ✔✔2
, A doctor who accepts Medicare assignment agrees to which of the following
- Doctor may charge up to a maximum of 15% more than Medicare pays for the
service
- Doctor is not bound by Medicare's limitations on charges
- Doctor cannot charge more than Medicare's scheduled coverage
- Doctor bills the Medicare beneficiary directly for services performed - Precise
Answer ✔✔Doctor cannot charge more than Medicare's scheduled coverage
What is issued to each employee with an employer health plan? - Precise Answer
✔✔Certificate
What is the tax liability for employer contributions in Health Savings Accounts
(HSA's)? - Precise Answer ✔✔No tax payment needed
All of these are considered sources of information that can assist an underwriter in
determining whether or not to accept a risk EXCEPT
Agent's report
Medical Information Bureau (MIB)
Inspection reports
National Association of Insurance Underwriters - Precise Answer ✔✔National
Association of Insurance Underwriters
In NJ, health insurance advertisements are required to contain the - Precise Answer
✔✔insurance company's name
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