Ky health insurance - Study guides, Class notes & Summaries

KY Health Insurance Practice Exam with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

KY Health Insurance Exam (Kentucky) | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Social security taxes are paid by employees with - Answer -after tax dollars The premiums paid by a company for group health insurance for its employees are - Answer -Tax deductible by the company and not considered taxable income to the employees Premiums for individually-owned health insurance policies may be deductible if the taxpayers medical expenses exceed - Answer -7.5% AG...

Kentucky Health Insurance License Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Sean has renewed his health insurance policy with Ability Insurance every year for the past 3 years. At this renewal, Sean received an extra payment from his insurer as a reward for renewing his policy and to encourage him to renew his policy again next year. What is this extra amount called? 1. An endorsement 2. An accumulation 3. A supplemental benefit 4. An additional bene...

Kentucky Health Insurance Final exam study Guide with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

KENTUCKY HEALTH INSURANCE EXAM UPDATED 2024/2025 QUESTIONS AND WELL DETAILED ANSWERS|GRADED A+

KY Health Insurance Exam | with complete solution | Rated A+

KENTUCKY HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date - correct answer A. As of the application date All of the following are true about group disability inco...

Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)

Kentucky Health Insurance Exam Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS What is Risk? - Answer -Risk is the uncertainty or chance of loss occurring What is a Peril? - Answer -Perils are the causes of loss insured against in an insurance policy What are the elements of risk? - Answer -Loss must be (1) due to chance; (2) definite and measurable; (3) statistical predictable; (4) not catastrophic; (5) with large loss exposure; and (6) insurance cannot be mandato...

All of the following statements about non-cancellable policies are true EXCEPT A. A noncancellible police is also called a noncancellible and guaranteed renewable policy B. The only right to cancel the noncancellable policy is for nonpayment of premiums C. The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds