More Missed Practice Questions
Insurer XYZ terminated the appointment of an insurance producer on July 1st. By what date must the insurer notify the Commissioner of the termination?
July 31st (30 days)
In which of the following lines of insurance would a producer be allowed to bind coverage?
Property and Casualty
in life insurance underwriting, all of the following are true regarding HIV testing EXCEPT
the person may be denied coverage based solely on the presence of HIV.
all of the following are characteristics of a self-insurer EXCEPT
the plan may be funded by an insurance company.
which of the following is true regarding statistics used in a life insurance advertisement?
the source must be identified
how long is the period of time in which a licensee must renew his or her license?
90 days prior to expiration
Who makes up the Medical Information Bureau?
Insurance companies
How much notice must the Commissioner give a producer before an examination is conducted?
None
under the mandatory uniform provision "Notice of Claim", written notice of a claim must be submitted to the insurer within what time parameters?
Within 20 days
the benefits for group disability plans are based on
a percentage of the worker's income
To get a nonresident license in this state, a producer must
apply and pay a fee to a nonresident state that reciprocates.
All of the following are features of a health insurance plan purchased on the health insurance marketplace EXCEPT
dollar limits on essential benefits
A Major Medical Expense policy would exclude coverage for all of the following treatments EXCEPT
drug addiction
under HIPAA portability, which of the following are NOT protected under required benefits?
groups of one or more
all of the following are features of catastrophic plans EXCEPT
high premiums
regarding major medical plans
higher stop-loss means lower premium.
which of the following is NOT correct concerning taxation of disability income benefits?
if paid by the individual, the premiums are tax deductible
with a conditionally renewable policy, the premiums are likely to be
increased
which of the following is NOT a Medicaid qualifier?
insurability
What is another term for a health insurance policy subscriber?
participant
what is it called when a doctor accepts the Medicare approved amount?
Assignment
an employee is on extended leave of absence when the employer group health plan changes from one carrier to another. Before the employee returns to work, what might the employee most likely notice?
limited coverage
A self-employed mechanic operates his own shop. He is considering purchasing health insurance that would protect him financially in the event of a serious sickness or accident. He feels that he can handle any small health care expenses. What type of policy would most likely meet this person's needs?
major medical; high maximum limits, copayments, blanket coverage and a deductible
Which of the following is NOT mandatory under the Uniform Provisions Law as applied to accident and health policies?
probationary period
what type of insurer uses a formal sharing agreement?
reciprocal insurers
Insureds have the right to do which of the following if they have NOT received the proper claims forms within 15 days of their notice to the insurer of a covered loss under a major medical policy?
submit the description in their own words on a plain sheet of paper.
whose responsibility is it to ensure that the application for health insurance is complete and accurate?
the agent's
