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WA life health insurance exam Questions and Answers (Latest Update 2024)
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WA life health insurance exam Questions and Answers (Latest Update 2024)
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WA life health insurance exam Questionsand Answers (Latest Update 2024)
An insured purchased a disability income policy with a 10-
year benefit period. The policy stated a 20-day probationary
period for illness. If the insured is hospitalized with an illness
2 weeks after the policy was issued, how much will the policy
pay? - Correct Answer ✅ Nothing; illness is not covered
during the first 20 days of the contract.
Who is involved in completing the agent's report? - Correct
Answer ✅ Only the agent
Rose bought three policies from the same insurer. Her
benefits have exceeded the maximum allowed by the insurer.
Which of the following will happen? - Correct Answer ✅ Pro
rata benefit reduction
An insured pays a monthly premium of $100 for a health
insurance policy. What would be the duration of the grace
period under the policy? - Correct Answer ✅ 10 days
Which of the following insurers are owned by stockholders
who have the usual rights of ownership, including the right of
voting? - Correct Answer ✅ Stock
, WA life health insurance exam Questions
and Answers (Latest Update 2024)
As deductible amounts increase, premium amounts change in
what way? - Correct Answer ✅ Decrease
An insured is hospitalized with a back injury. Upon checking
his disability income policy, he learns that he will not be
eligible for benefits for at least 30 days. This indicates that
his policy is written with a 30-day - Correct Answer ✅
Elimination period
In group insurance, what is the policy called? - Correct
Answer ✅ Master policy
Under the Affordable Care Act, which classification applies to
health plans based on the amount of covered costs? -
Correct Answer ✅ Metal level classification
Under HIPAA, which of the following is INCORRECT regarding
eligibility requirements for conversion to an individual policy?
- Correct Answer ✅ An individual who was previously
covered by group health insurance for 6 months is eligible.
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