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Kentucky Health Insurance Exam Questions and Correct Answers
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Kentucky Health Insurance Exam Questions and Correct Answers
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Kentucky Health InsuranceRISK - Answer-CHANCE OF LOSS
PERIL - Answer-CAUSE OF LOSS
ELEMENTS OF RISK - Answer-DUE TO CHANCE, DEFINITE AND MEASUREABLE, PREDICTABLE, NOT
CATASTROPHIC, LARGE LOSS EXPOSURE, INSURANCE CANNOT BE MANDATORY.
MEDICAL EXPENSE POLICY - Answer-COVERS HOSPITAL AND MEDICAL EXPENSES OF A COVERED
ILLNESS/INJURY.
DISABILITY INCOME - Answer-PAYS INCOME WHEN A PERSON MISSES WORK DUE TO INJURY OR
ILLNESS
ACCIDENTAL BODILY INJURY - Answer-UNFORSEEN AND UNINTENDED IN JURY THAT RESULTS FROM AN
ACCIDENT, NOT ILLNESS
PRINCIPAL SUM - Answer-PAID FOR ACCIDENTAL DEATH
, CAPITAL SUM - Answer-PAID FOR ACCIDENTAL DISMEMBERMENT (% OF OF PRINCIPAL)
REIMBURSEMENT BENEFIT PLAN - Answer-EXPENSES REIMBURSED DIRECTLY TO INSURED
SCHEDULED BENEFIT PLAN - Answer-INSURER PAYS CERTAIN AMOUNT FOR SERVICE AS DETERMINED
BY SCHEDULE
COMMON EXCLUSIONS - Answer-WAR, ACTIVE DUTY MILITARY, SELF INFLICTED INJURY, PRE-EXISTING
CONDITIONS, ELECTIVE COSMETIV SURGERY, INJURIES FROM CRIMINIAL ACTIVITY, CONDITIONS
COVERED BY WORKERS COMP.
MAJOR MEDICAL EXPENSE POLICY - Answer-A SUPPLEMENTAL POLICY THAT COVERS THINGS OUTSIDE
THE BASIC POLICY
OWN OCCUPATION PROVISION - Answer-PROVIDES COVERAGE WHEN ONE CANNOT COMPLETE ONE'S
OWN OCCUPATION
ANY OCCUPATION PROVISION - Answer-PROVIDES BENEFITS WHEN THE INSURED IS UNABLE TO
PREFORM ANY OCCUPATION FOR WHICH THEY ARE SUITED BY REASON OF EDUCATION, TRAINING, OR
EXPERIENCE.
PROBATIONARY PERIOD - Answer-The waiting period, prior to being eligible for coverage under a PLAN.
ELIMINATION PERIOD - Answer-WAITING PERIOD FROM THE ONSET OF A DISABILITY UNTIL BENEFIT
PAYMENT COMMENCES (ITS A DEDUCTIBLE MEASURE IN TIME INSTEAD OF $$)
CONFINING DISABILITY - Answer-REQUIRES THE AFFECTED INDIVIDUAL TO REMAIN INDOORS
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