Wisconsin Accident and Health Insurance Exam 3 New Update 2023 Complete
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Wisconsin
Institution
Wisconsin
Wisconsin Accident and Health Insurance Exam 3 New Update 2023 Complete
What is the consequence for an intermediary's failure to pay his/her biennial license fee?
Intermediary is incarcerated by the Insurance Commissioner.
Intermediary's license is suspended for 180 days.
Intermediary's lic...
wisconsin accident and health insurance exam 3 new update 2023 complete what is the consequence for an intermediarys failure to pay hisher biennial license fee intermediary is incarcerated by
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Wisconsin Accident and Health Insurance Exam 3 New
Update 2023 Complete
What is the consequence for an intermediary's failure to pay his/her biennial
license fee?
Intermediary is incarcerated by the Insurance Commissioner.
Intermediary's license is suspended for 180 days.
Intermediary's license is revoked.
Intermediary's commission rate is reduced.
Intermediary's license is revoked.
Which of these situations would NOT potentially involve a prison sentence under
Federal law?
Selling insurance with a nonresident license.
Misappropriating insurance premiums.
Embezzlement of an insurer's funds.
Sending threatening letters to an insurer.
Selling insurance with a nonresident license.
How long can pre-existing conditions be excluded in long-term care policies?
6 months.
12 months.
18 months.
24 months.
6 months.
What is the proper procedure for an intermediary to change his/her mailing
address?
Notify the Governor's office in writing within 15 days.
Notify the Commissioner's office in writing within 30 days.
Notify the appointing insurer in writing within 15 days.
Notify the Commissioner's office via telephone within 30 days.
Notify the Commissioner's office in writing within 30 days.
Health providers are compensated by a preferred provider organization (PPO) for
normal dental procedures by what means?
Usual and customary fee schedules.
Increased fee schedules.
Decreased fee schedules.
Indemnity fee schedules.
Decreased fee schedules.
According to the Affordable Care Act, new Health Insurance Marketplaces are
established by the
,ICIICO.
CCIIOO.
CCOII.
CCIIO.
CCIIO.
Which of the following is REQUIRED coverage for all newly-issued group
disability (accident & health)
policies?
Alcohol treatment.
Wage loss due to unemployment.
Long-term disability.
Vision care.
Alcohol treatment.
Which term refers to insurance written on the interests of the licensee, the
licensee's employer, or the licensee's immediate family?
Controlled business.
Surplus lines.
Fraternal organization.
Reinsurance.
Controlled business.
What is considered interstate travel under the Federal Fraud and False
Statements Act?
Canada.
Jamaica.
Mexico.
Puerto Rico.
Puerto Rico.
Under what circumstances must an intermediary provide his or her business
records to the Commissioner?
Upon request of an insured.
Upon request of the Commissioner.
Under no circumstances due to privacy consideration.
By authorization from the National Association of Insurance Commissioners
(NAIC).
Upon request of the Commissioner.
For group health plans covering employees in more than one state, the state
regulatory jurisdiction established for the plan may affect any of the following
aspects EXCEPT
, Required contract provisions.
COBRA continuation of coverage.
COBRA continuation of coverage.
If an intermediary chooses to conduct business under an assumed name, when
must notification be given to the Commissioner?
No notice is required.
No later than 30 days after using the assumed name.
Prior to using the assumed name.
At the time of license renewal.
Prior to using the assumed name.
An insurance company writing business in a state other than the one in which it
is domiciled is called
A foreign.
A domestic.
An Alien.
A Illegal.
A foreign.
Which of the following is NOT a valid reason for an insurer to cancel an insurance
policy midterm?
Breach of policy conditions by the insured.
Material misrepresentation.
Nonpayment of premium.
Insured's change in marital status.
Insured's change in marital status.
How long can an insurer exclude coverage for a preexisting condition on a
Medicare Supplement Policy?
6 months.
12 months.
18 months.
24 months.
6 months.
An intermediary cannot sell Long-Term care insurance unless that person has
successfully completed an
approved education course of
4 hours.
6 hours.
8 hours.
10 hours.
8 hours.
Under which circumstance would an insurer be legally protected against?
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