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NJ HEALTH AND ACCIDENT INSURANCE EXAM LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS! $27.99
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NJ HEALTH AND ACCIDENT INSURANCE EXAM LATEST
2024-2025 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS ALREADY GRADED A+ 100%
GUARANTEED PASS!
In what form do disability income policies typically pay benefits - ANSWER-
Periodic income
The Mandatory health policy provision states that the policy, including
endorsements and attached papers, constitutes - ANSWER-The entire
insurance contract between the parties
The entire contract includes the actual policy and the - ANSWER-application
employer sponsored group health insurance provides coverage for which of the
following - ANSWER-Alcoholism
The term which describes the fact that both parties of a contract may not
receive the same value is referred to as - ANSWER-Aleatory
Tom has a home health care benefit and is confined to his home. Which of
these is NOT typically covered - ANSWER-Full-time nursing care
,A Medicare Supplement policy can be cancelled by the insurer for - ANSWER-
Nonpayment
Credit Accident and Health plans are designed to - ANSWER-help pay off
existing loans during periods of disability
A payment system for health care in which the provider is paid for each service
given is called - ANSWER-fee-for-service
An insurance company ONLY pay a sales commission to - ANSWER-individuals
licensed by the state
Ken is a producer who has obtained Consumer Information Reports under false
pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty
that may be imposed on Ken? - ANSWER-$5000 and 1 year imprisonment
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
What is the maximum fine for a producer violating an NJ insurance law for the
first time? - ANSWER-$5000
A licensed producer is required to file notice to any changes of address within
how many days - ANSWER-30 days
Jonas has disability insurance through his employer. The employer pays 75% of
the premium, and Jonas pays the other 25%. What is Jonas's tax liability for any
, benefits paid from the disability plan? - ANSWER-Taxes must be paid on 75% of
the benefits received
After an insured gives notice of loss, what must he/she do if the insurer does
not furnish forms? - ANSWER-File written proof of loss
Which of the following is an example of the insured's consideration? -
ANSWER-A paid premium
A(n) _______ insurance company is one that was formed under the laws of a
state other than NJ - ANSWER-Foreign
Kathy pays a monthly premium on her health insurance policy. How long is her
grace period? - ANSWER-10 days
Insurance licenses are intended to be issued for the purpose of authorizing the
transaction of business with members of the general public and not primarily
allowing someone to benefit from commissions on business that insurers their
personal interest. The description of which of the following? - ANSWER-
Controlled business
A master contract and certified coverage can be found in which type of policy?
- ANSWER-Group
Medicaid is a government-funded program designed to provide health care to -
ANSWER-poor people
Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home? - ANSWER-
Home Health Care
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