According to erisa Study guides, Class notes & Summaries

Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Ju...

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application Who elects the governing body of a mutual insurance company? - ANSWER policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their ri...

What is a requirement of a Joint Tentants By Entirety account? A: Account owners must be spouses B. Account owners must be non-spouses C. Account owners must be unrelated D. Account owners must be engaged to be married correct answers Account owners must be spouses A tenancy by the entirety is a form of joint ownership that can only exist btwn a husband and wife Which life insurance policy has a fixed premium schedule, a guaranteed death benefit and a separate account? A: Whole...

NYS Life, Accident, and Health State Exam Simulator Which of the following can be defined as "the potential for loss"? - Risk Which of the following describes the act of insuring a risk against possible loss? - Risk Transfer A description of a qualified plan's insurance contract may be found in which ERISA reporting form? - Annual Return/Report (Form 5500) Which of the following statements is NOT true concerning the relationship between group health insurance plans and Medicare? (...

A non-contributory plan requires _________ participation of all eligible employees - Answer-100% A characteristic of preferred provider organizations (PPOS) would be: - Answer-Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? - Answer-Commerce Additional coverage can be added to a whole Life policy by adding a(n): - Answer-decreasing term rider What benefit does the payor clause on a Juvenile Life policy p...

HRMT 5324 Employee & Labor Relations Study Guide Final Exam 2024/25 is the ongoing interchange between the union and the employer that identifies their common and specific interests and creates mechanisms to clarify, manage, reduce, and resolve conflicts over their specific interests. - ANSWERSLabor Relations Who are responsible for making operational decisions for corporations? - ANSWERSManagers hired by the shareholders through their elected board of directors A phenomenon that occu...

A non-contributory plan requires _________ participation of all eligible employees - Answer 100% A characteristic of preferred provider organizations (PPOS) would be: - Answer Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? - Answer Commerce Additional coverage can be added to a whole Life policy by adding a(n): - Answer decreasing term rider What benefit does the payor clause on a Juvenile Life ...

What Act shaped how commercial insurance carriers approached the concepts of paying for medical care? - ANSWER-HMO Act of 1973 ACA - ANSWER-Affordable Care Act HMO (Health Maintenance Organization) - ANSWER-The organization is both the insurer and provider of a set of defined services. Patients within this network must use an in-network provider for their services to be covered. Capitation Payment - ANSWER-part of prospective payment in which healthcare providers receive fixed monthly p...

Employers are required to pay Social Security according to: a) ERISA b) FICA c) OWBPA d) ADEA - ️️b) FICA employers are legally required by the Federal Insurance Contribution Act of 1935 (FICA) to provide Social Security to their employees. Identifying internal and external factors that drive a company's strategies, goals, and decisions is called __________. a) forecasting b) quantitative research c) environmental scanning d) operational strategizing - ️️C) environmental s...

California Insurance State Exam (2024) || Questions & Answers (Graded A+) California Insurance State Exam (2024) || Questions & Answers (Graded A+) Which of the following is NOT a benefit of insurance - ANSWER - Losses due to fraud are eliminated An individual that has 40 quarters of coverage for social security purposes it's considered to be - ANSWER - Fully insured Anyone employed in California to assist an insurance agent in transacting insurance is called an insurance - ANSWER - s...