Exam (elaborations)
ACCIDENT & HEALTH PT 1 QUESTIONS WITH COMPLETE ANSWERS
- Course
- Institution
ACCIDENT & HEALTH PT 1 QUESTIONS WITH COMPLETE ANSWERS
[Show more]
Content preview
ACCIDENT & HEALTH PT 1 QUESTIONSWITH COMPLETE ANSWERS
when the principle gives the agent authority in writing, it's referred to as - ANS-express
authority
The Federal Employees Benefit Program consists of two types of health plans for
federal civilian employees. The two plans are fee-for-service and - ANS-prepaid
States that have "no loss no gain" laws require a replacing policy to - ANS-pay for
ongoing claims under the policy replaces
low-frequency diseases can be exclusively covered by what kind of health insurance
policies? - ANS-limited policies
how often must an insurance producer's license in nj be renewed? - ANS-every two
years
once an accident and health insurance policy has been in force for __ year(s), the policy
may NOT be contested by the insurer - ANS-2
Which of the following statements is TRUE about Medicaid? - ANS-It is funded by
federal, state, and local taxes
David submits a $500 claim for medical expenses. There is a past-due amount owed for
insurance premiums of $200. As a result, the insurer only pays $300 for the claim. This
deduction came as a result of which provision? - ANS-unpaid provision
The purpose of the Coordination of Benefits provision in group accident and health
plans is to? - ANS-avoid overpayment of claims
Richard owns an insurance policy that is renewable only at the option of the insurance
company. His policy is considered to be - ANS-optionally renewable
Which of the following decisions would a Health Savings Account (HSA) owner NOT be
able to make? - ANS-The amount contributed by the employer
, All of the following factors would affect a health insurance policy's premium rate
EXCEPT? - ANS-Residential address of the insured
w/in how many days must a producer notify the dobi of a change in address? - ANS-30
days
a Medicare supplement policy is - ANS-designed to fill in the gaps of Part A and Part B
Medicare
what are an applicant's statements concerning occupation, hobbies, and personal
health history regarded as? - ANS-representation
the policyholder for a group health benefit plan is considered to be the - ANS-employer
__ is NOT an element of a valid contract - ANS-countersignature
what is considered to be the primary reason for buying life insurance? - ANS-provide
death benefits
who is responsible for assembling the policy forms for insureds? - ANS-insurance
carriers
the factor used most often when underwriting a disability income policy is - ANS-annual
earnings
premium mode is a term used to describe the - ANS-frequency of the premium payment
a medicare supplement policy can be canceled by the insurer of - ANS-nonpayment
medicare part a covers - ANS-inpatient hospital stay
according to HIPAA, when an insured individual leaves an employer and immediately
begins working for a new company that offers group health insurance, the individual -
ANS-is eligible for coverage upon hire
what is the contract called that is issued to an employer for a group medical insurance
plan? - ANS-master policy
which of these may not be used in a health insurance advertisement? - ANS-an
insurance company's trademark instead of the company's actual name
which of the following is the purpose of medical cost management? - ANS-to control
health claims expense
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GeniusExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52928 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now