Guaranteed exam

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

In individual Willingly violates provisions of the fair credit reporting act what is the maximum civil penalty

$2500

If an insured pays a health insurance premium each month how long would a grace period be

10 days

To qualify for disability income benefits under Social Security the individual disability must be expected to result in death or last for at least

12 months

How many tears must be included in each treatment category of Medicare prescription drug plan formulary

2

A Medicare supplement policy must have a free period of at least

30 days

To attain fully insured status under Social Security and individual must have earned

40

In the Social Security black out. The surviving spouse will receive benefits until the age of

60

According to the life insurance replacement regulations which of the following would be an example of policy replacement

A policy is re-issued with the reduction in cash value

Went a whole life policy is surrendered for its nonforfeiture option what is the automatic

Extended term

If annuitant dies before the annuity start date which of the following is true

Interest is taxable

Which of the following is provided by skilled medical personnel to those who need occasional medical systems or rehabilitative care

Intermediate care

All of the following statements are true guarding in ordinary straight life policy except

It does not have a guaranteed death benefit

Who would be the insured in a business disability insurance

Key employees

Social Security Medicare program the retiree has To pay monthly premiums for

Part B

On an accidental death and dismemberment policy the death benefit table is known as the

Principal sum

Medicare Part A services do not include which of the following?

Private duty nursing

The guaranteed insurability rider allows the owner to purchase additional amount of life insurance without proof of insurability and all the following ways except

Purchase of a new home

All the following are true of a multiple employer trust except

The employee has the right of conversion upon leaving the group coverage

The illumination. May not have to be satisfied for the disability in which of the following

The insured suffers a relapse of a prior disability within six months of the initial cover disability

How many work credits you need to be accumulated to have fully insured status

40

Underwriters use all the messages to protect insurance against adverse selection except

Only excepting a small percentage of applicants

And employee that becomes in eligible for group coverage because of termination of employment or change in status most exercise extension of benefits under COBRA

Within 60 days

Which of the following me to the insured's personal needs and is provided by non-medical personnel

Custodial care

Medicare is a health insurance program for all the following individuals except

Those with low income and low assets

What is the purpose of a benefit schedule

To state what and how much is covered in the plan

All of the following could qualify as a group for the purpose of purchasing health insurance except

And association of 35 or more

Which of the following describes the relationship between capital sum and principal sum

Capital Sums are percentages of principal Sums

Receiving money as a result of a loss of a lame an accidental death and dismemberment policy is received from

Capital amount

In a variable life insurance policy all the bonuses are held in the insurance companies general account except

Cash surrender value

Concerning the family protection policy all of the following statements are true except

Children upon reaching the age of maturity are permitted to convert to an individual policy with proof of insurability

Medicare B covers all the following except

Long-term care services

Gross premium for a life insurance policy is determined by adding which two components

Net premium and expenses

The reduction of premium option uses the dividend to reduce

Next year's premium

The cash value guarantees in a whole life policy is called

Nonforfeiture values

HMOs are known as what type of plans

Service

The basic medical insurance plan benefits are exhausted what type of plan will be in covering those losses

Supplementary major medical

And adjustable life policy can assume the form of

Temporary or permanent

What is it called when a doctor excepts the Medicare approved amount

Assignment

HMO members pay a small fee when they see their primary care physician this fee is called a

Copay

All the following information needs to be included on an application for insurance except

Health insurance policies in force

All the following are features of catastrophic plans except

High premiums

Restoring an insured Financially after clean is known as

Indemnity

Which of the following indicates how much of health coverage premium must go towards actual Medicare

Medical loss ratio

A whole life policy is surrendered for a reduced paid up policy the cash value in the new policy will

continue to increase

Darrell is involved in an automobile accident with another motorist Darrell was at fault Darrell was injured and hospitalized for two months the other motorist suffered $15000 Of medical expenses as a result of the accident Darrells disability income or pay

Loss of income

And insured purchases an insurance policy with a large deductible but risk management technique is the insured exercising

Retention

All of the following are features of a health insurance plan purchased on the health insurance marketplace except

Dollar limits on essential benefits

Which of the following statements is not true regarding HICAP

Exist to assist seniors who are not qualified to receive Social Security or Medicare

Only the agent is involved in completing the agents report the agent statement is

Not included in the entire contract

When acting as a field underwriter a producer is

Seeking credible information about an applicant for health insurance


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