Erisa final exam - Study guides, Class notes & Summaries

Accident and Health Insurance Final Exam Questions and Answers 100% Pass Your license will be considered to be inactive when you: - Correct Answer ️️ -No longer have any appointments On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - Correct Answer ️️ -Not taxable since the IRS treats them as a refund of a portion of the premium paid All of the following are true regarding a non-contributory employer group m...

CSP Practice Exam Flash Cards – 3 Questions & Answers 2023/2024 In most states, can an employee be fired from a job without cause? - ANSWER-Yes Under FMLA, the definition of a "spouse," DOES include a same-sex spouse. - ANSWER-True Are temporary employees through a staffing agency counted when determining the employee threshold for WARN Act notification? - ANSWER-Yes Home health aides may be exempt from the overtime requirements of the FLSA if they perform "companionship servi...

ACCIDENT AND HEALTH INSURANCE FINAL EXAM 2024 WITH 100% CORRECT ANSWERS Your license will be considered to be inactive when you: - correct answer No longer have any appointments On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - correct answer Not taxable since the IRS treats them as a refund of a portion of the premium paid All of the following are true regarding a non-contributory employer group medical expens...

CEBS GBA Exam 3 Questions with Correct Answers An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - Answer-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fun...

Final Exam - South Carolina Life and Health Questions & Answers 100% accurate 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 - ANSWERS100% of the billed amount What does Coordination of Benefits allow? - ANSWERSAllows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium...

CEBS GBA Exam 3 Questions with Correct Answers An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - Answer-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fun...

Final Exam South Carolina Life and Health Insurance // Real Exam // Updated 2024 // Correct Answers 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 - CORRECT ANSWER-100% of the billed amount What does Coordination of Benefits allow? - CORRECT ANSWER-Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of pre...

RPA 1 - FINAL REAL EXAM 100 QUESTIONS AND DETAILED ANSWERS Of the factors in the Black-Scholes option pricing model, which one is generally deemed to have the most relative impact on the value of the option? - ANSWERThe expected volatility of the underlying stock's market price A theory of income taxation that imposes current tax liability on taxpayers who receive something of reasonable value is known as the doctrine of: - ANSWEREconomic benefit Key employees, for purposes of the to...

Final Exam XCEL VA 1. The free-look period for a new Medicare Supplement policy is: ️ 30 days 2. Al surrenders his life insurance policy for its cash value. The total of the premiums paid into the policy minus total dividends received in cash or used to offset premiums is referred to as the: ️ Cost basis 3. All of these are duties that a producer may be required to perform when delivering an insurance policy EXCEPT: ️ Leave a conditional receipt with client 4. Which...

All Ohio Life Insurance Exam Questions and Answers 100% Pass A condition increasing chance of loss, e.g. icy roads. - Answer- Hazard Immediate event causing loss, e.g. earthquake. - Answer- Peril Potential for loss. - Answer- Risk Presents chance for loss or gain, e.g. gambling. - Answer- Speculative Risk Insurable risk with potential for loss only, e.g. illness. - Answer- Pure Risk Criteria for insurable risk, e.g. definite and measurable loss. - Answer- Elements of Insurable Risk Cert...