Nj health insurance - Study guides, Class notes & Summaries

NJ Health Insurance Practice Exam Questions and Answers

NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be the ...

Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be the primary reason for buying life insurance? Correct Answer: provide death benefits A(n) _____ company is owned ...

NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be...

Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be the primary reason for buying life insurance? Correct Answer: provide death benefits A(n) _____ company is owned ...

NJ Health Insurance Practice ExamA service that charges a flat fee for medical care provided at its own clinic is called a: Select one: a. Risk Retention Group. b. Blue Cross/Blue Shield organization. c. Health Maintenance organization. d. Multiple Employer Trust (MET). - correct answer c. Health Maintenance organization. HMOs provide the Health Care coverage, as well as the medical care itself (including prescription medication). HMO members are allowed to go to hospitals, physician...

NJ Health Insurance Practice Exam questions & answers questions & answers

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