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Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified Solutions
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Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified Solutions
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Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified SolutionsAll of the following statements about non-cancellable policies are true EXCEPT A. A noncancellable police is also called a noncancellable 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 D. the insurer may regain the right to cancel or not to renew when they insured reaches and age specified in the policy - Correct Answer ✅C. The insurer may increase the premium rate after the policy is in effect provided it
does so by classes of insureds
Which of the following qualifies as a compensable injury under workers compensation coverage?
A. A factory worker fractures an elbow while working overtime B. An employee is struck by a car and seriously injured while walking back to work following a lunch break Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified Solutions
C. A worker is involved in an auto accident while driving to work D. All of the above qualify - Correct Answer ✅A. A factory worker fractures an elbow while working overtime
Which of the following represents certain consumer safeguards enacted by states and pattered after a model act developed by NAIC?
A. Fair credit reporting Act B. the MIB
C. Information and privacy protection act D. COBRA - Correct Answer ✅C. Information and privacy protection act
The optional short term disability income benefit that pays a lump sum for specified injuries is called the A. hospital income benefit B. elective indemnity benefit C. supplemental income benefit D. partial disability benefit - Correct Answer ✅B. elective indemnity benefit
The type of health care provider that provides birth the health care services and the healthy care coverage is Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified Solutions
A. Preferred provider organization B. Health maintenance organization C. Blue cross/blue shield organization D. Traditional health insurance company - Correct Answer ✅B. health maintenance organization
Dread disease, travel accident, vision care, and hospital indemnity policies are all examples of A. ltc policies B. limited policies C. group policies D. blanket policies - Correct Answer ✅B. Limited Policies
Which of the following are NOT eligible for Medicare coverage?
A. People age 65 and older who are eligible for social security B. People age 65 and older not eligible for social security but willing to pay a monthly premium C. People of any age who have been entitled to disability benefits for 24 months Kentucky Health Insurance Exam Questions and Answers (2024 Update) Verified Solutions
D. People with any life-threatening condition - Correct Answer ✅D. People with any life threatening condition
A company that I licensed to sell insurance in a particular state is A. domestic B. Alien C. non admitted company D. Authorized comany - Correct Answer ✅D. Authorized Company
Optional Provisions 1 and 2, addressing changes of occupation and misstatement of age, Kermit the insurer to do which of the following?
A. Cancel the policy B. Request the insured to fill out a new application to correct previous misstatements or alter information that has changed since the application was originally submitted. C. Charge a "back-end" premium to make up for the premium the insurer would have charged had the true situation been known. D. Pay indemnities equal to the benefits that would have purchased at the premium paid had the insurer known the facts when the premium was established. - Correct Answer ✅A. Cancel the policy
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