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Life insurance Exam Practice Questions and Answers | 100% Pass
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Life insurance Exam Practice Questions and Answers | 100% Pass A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network the subscriber will likely pay - Answer️️ -100% of the billed amount The fair credit reporti...

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Document information

  • September 1, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • page 1 of 18 life insurance exam practice question

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  • Life insurance
  • Life insurance

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

,Life insurance Exam Practice Questions
and Answers | 100% Pass


A closed network plan offers a primary physician copay of $25. If a subscriber chooses

a primary care physician outside of the network the subscriber will likely pay -

Answer✔️✔️-100% of the billed amount


The fair credit reporting act protects consumers - Answer✔️✔️-with guidelines regarding

credit reporting and distribution

which type of plan would be most appropriate for an individual on medicare and is

concerned that medicare will not pay for charges exceeding approved amount? -

Answer✔️✔️-medicare supplement plan F

in ohio accident and health policies that are paid less-frequent than monthly must

provide a grave period of at least - Answer✔️✔️-31 days

statements made by an insurance applicant on an application are considered to be -

Answer✔️✔️-representations

Tyler purchased a disability policy with a waiver of premium rider on April 1. He is

disabled on May 1. On June 1, he receives proof of permanent and total disability, and

submits a claim. He begins receiving benefits on June 15. When are his premiums

waived? - Answer✔️✔️-May 1

Lorenzo is self employed with an S corporation. He is unmarried and had a net profit for

the tax year. What are the tax ramifications of his health insurance premiums paid for

Page 1 of 18

, the year? - Answer✔️✔️-100% of his health insurance costs can be deducted from his

gross income

An insurer's ability to make unpredictable payouts to policyowners is called -

Answer✔️✔️-liquidity

Tom has a home health care benefit and is confined to his home. Which of these

benefits is NOT typically covered? - Answer✔️✔️-Full-time nursing care

Ron has a new employer and wishes to enroll in the company's group health plan. In

determining whether his pre-existing health condition applies, Ron cannot have more

than a ___ day gap without previous health insurance. - Answer✔️✔️-63

xyz company has applied for group health insurance for its employees. What

information should the insurers underwriters likely use to determine the appropriate

coverage and final premium rate given to the group? - Answer✔️✔️-experience rating

Which of the following does coordination of benefits alllow? - Answer✔️✔️-allows the

secondary payor to reduce their benefit payment so no more than 100% of the claim is

paid.

This MANDATORY health policy provision states that the policy, including

endorsements and attached papers, constitutes - Answer✔️✔️-the entire insurance

contract between the parties

Maria is a Preferred Provider Organization (PPO) subscriber and received care from an

out-of-network provider. Which of the following is the likely result? - Answer✔️✔️-Care is

covered




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