Toggle navigation
Toggle navigation
Classes
Quizzes
Subjects
Sign in
Sign up
Go
Health Insurance 101
|
Take A Quiz
Toggle navigation
Classes
Quizzes
Subjects
Go
Sign in
|
Sign up
Health Insurance 101
Take a practice test
10 Quiz Set/s
Health Insurance 101
10 Quiz Sets
Health Insurance 101
Life and Health Insurance Exam 2
Can you answer
25
questions in 10 minutes?
Life and Health Insurance Exam 2 |
1. All of the following are requirements for life insurance illustrations EXCEPT
They must be part of the contract.
Health insurance solicitation.
25
12 months.
2. Which of the following protects the insured from an unintentional policy lapse due to a nonpayment of premium?
A benefit for each day the insured is in a hospital.
25
Annually Renewable Term.
Automatic premium loan
3. A corporation can be considered a "small group employer" if it has at least one and a maximum of how many employees?
50
The Florida Replacement Rule
At the time of application or upon delivery of the policy
Copayment is a set dollar amount.
4. An insured loses her left arm in an accident that is covered by her Accidental Death and Dismemberment policy. What kind of benefit will she most likely receive from this policy?
A benefit for each day the insured is in a hospital.
State taxes may be refunded upon a written request.
115% of the regular group rate.
The capital amount in a lump sum
5. In order for an employee to be considered eligible for small group insurance - he/she must work at least how many hours per week?
25
If the employee enrolls within a certain time period
Both the principal and interest will be liquidated over a selected period of time.
60
6. Which of the following insurance products will be subject to the regulation on life insurance solicitation?
Notice of Claim
NAIC
Adult day care
Which of the following insurance products will be subject to the regulation on life insurance solicitation?
7. Which of the following entities protects policyowners - insureds - and beneficiaries under insurance contracts when insurers fail to perform contractual obligations due to financial impairment?
An unfair trade practice.
60
Insurance Guaranty Association
The application given to a prospective insured
8. A customer with an existing life insurance contract is considering exchanging it for a newer contract. What Florida insurance regulation should the customer's insurance agent consult?
115% of the regular group rate.
50
The Florida Replacement Rule
Decreasing term
9. The purpose of managed care health insurance plans is to
Control health insurance claims expenses.
When an insurer's underwriter approves coverage
Annually Renewable Term.
To explain features and benefits of a proposed policy to the consumer
10. An employer offers group life insurance to its employees for the amount of $10000. Which of the following is true?
The annuitant must be a natural person.
An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Health insurance solicitation.
The cost of coverage is a deductible expense by the employer.
11. Which of the following statements is TRUE concerning irrevocable beneficiaries?
They can be changed only with the written consent of that beneficiary.
Insuring clause
Department of Financial Services
Surgery to repair a wrist damaged by tendonitis.
12. All of the following entities regulate variable life policies EXCEPT
The Guaranty Association.
Automatic premium loan
Buyer's Guide
MEWAs are groups of at least 3 employers.
13. An insured pays a monthly premium of $100 for her health insurance. What would be the duration of the grace period under her policy?
8%
10 days
Replacement regulations will not apply in this situation.
Home health care
14. All of the following statements describe a MEWA EXCEPT
They must be part of the contract.
An unfair trade practice.
MEWAs are groups of at least 3 employers.
0%
15. What do individuals use to transfer their risk of loss to a larger group?
Replacement regulations will not apply in this situation.
Skilled care.
Insurance
When an insurer's underwriter approves coverage
16. Which of the following is true regarding the agent's appointments?
MEWAs are groups of at least 3 employers.
A person may hold several appointments at one time.
50/50
25
17. A hospital indemnity policy will pay
HMOs may pay for services not covered by Medicare.
A benefit for each day the insured is in a hospital.
The annuitant must be a natural person.
Health insurance solicitation.
18. Which provision of a life insurance policy states the insurer's duty to pay benefits upon the death of the insured - and to whom the benefits will be paid?
HMOs may pay for services not covered by Medicare.
Insuring clause
15.
14
19. When an insurer terminates an agent's appointment - the insurer must do all of the following EXCEPT
Provide a 30-day advance notice to the Commissioner.
If the employee enrolls within a certain time period
insurer
Fraternal
20. What is the purpose of a conditional receipt?
Adult day care
It is intended to provide coverage on a date earlier than the date of the issuance of the policy.
Buyer's Guide
Increases annually.
21. Which of the following authorities grants and revokes licenses?
65
Department of Financial Services
Decreasing term
Insuring clause
22. The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?
If the employee enrolls within a certain time period
Both the principal and interest will be liquidated over a selected period of time.
The annuitant must be a natural person.
Decreasing term
23. Ray has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance arrangement would be best for Ray?
The beneficiary would receive $25000 if it was determined that the insured qualified for the policy applied for.
Managed Care
HMOs may pay for services not covered by Medicare.
50/50
24. Under special circumstances - continuing education requirements may be extended beyond the 2-year period for a maximum period of
Dividend amounts are guaranteed in the policy.
The capital amount in a lump sum
Buyer's Guide
12 months.
25. Which of the following is NOT a feature of a guaranteed renewable provision?
The application given to a prospective insured
The aggregate amount of premiums due
Control health insurance claims expenses.
The insurer can increase the policy premium on an individual basis.
×
Please login to subscribe
×
Subscribed Successfully
The First & Only Encyclopedia of Self Help,
Self Improvement & Career Advice
250+ Easy-to-Follow Guides
5000+ Proven Tips
13 Types of Essential Skills Covered
Get The Value of 100+ Best Books in 1 Book.
502 Pages | $3.99 | PDF / EPub, Kindle Ready
Please login/register to bookmark chapters.
Subjects
Aptitude
Basic Life Skills
High School
Elementary School
Entrance and Placement Exams
Jobs and Occupations
Information Technology
Certifications
Business Skills
Trades and Vocational
Languages
English
Healthcare
Math
Science and Technology
Education Standards and Boards
Humanities
Law
Explore
Browse Fatskills by topics
All Subjects on Fatskills
Popular Tests on Fatskills
Fatskills Career Aptitude Tests
Fatskills Community
About Fatskills
Privacy Policy
Terms of Use
Fatskills on Facebook
Bighow News
|
Truho
|
The Success Manual
Please report any error in fatskills quizzes and questions to 'simpleversity at gmail.com'.
Without work one finishes nothing. - Ralph Waldo Emerson
© The
Simple
Project 2020