Wisconsin Health and Accident Insurance Exam 2024 Questions & Answers with Complete Solution

Wisconsin Health and Accident Insurance Exam 2024 Questions & Answers with Complete Solution $120 a day (Most LTC policies will pay the benefit amount in a specific fixed dollar amount per day, regardless of the actual cost of care) - An insured's long-term care policy is scheduled to pay a fixed amount of coverage of $120 per day. The long-term care facility only charged $100 per day. How much would the insurance company pay? 80% of the total cost 20% of the total cost $120 a day $100 a day $5,000 - if a person does not comply with an order issued within 2 weeks after the Commissioner has given notice, for EACH DAY that the violation continues, the Commissioner may pay a fine of up to 100% - S is a sole business proprietor who owns a medical expense plan. What percentage of the cost of the plan may he deduct? 12 months - If reasonably possible, a notice of proof of loss claim must be provided to the insurer within what period of time after the time required by the policy? 15 employees - The Pregnancy Discrimination Act specifically prohibits pregnancy discrimination by employers with a minimum of how many employees? 180 days - If an insurer decides to discontinue providing group health insurance in general, how many days before discontinuance must a notice be sent to the Commissioner and the to each employer? 2 or more - HIPPA applies to groups of 3 days - Within how many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtained? 5 years - How long must the agent keep copies of the disability insurance replacement forms on file? 6 months - the free-look period does not apply to single-premium, short-term policies if the period of coverage is less than