Guaranteed Exam Missed Questions

All of the following are excluded from coverage in an individual health insurance policy EXCEPT

Mental illness

A producer who failed to comply with the state continuing education requirement is guilt of a

Misdemeanor

Which of the following is NOT mandatory under the Uniform Provisions Law as applied to accident and health policies

Probationary Period

What is the maximum fine for insurers who allow producers to transact insurance for them without appointments?

$25

Under the common accident provision, how many deductibles would be paid if five family members covered under the same major medical policy are injured in the same accident?

1

According to the metal level classification of health plans, what percentage of health care costs will be covered under a gold plan?

80%

The guaranteed purchase is also referred to as the

Future increase option

An insured, who is 44 years old, falls while mountain climbing on vacation. He is left paralyzed. After a year, doctors feel he will never recover form is injuries. From which of the following programs will he be able to collect disability income?

Social Security

In contrasting stock insurers with mutual insurers, which statement is true?

Stock insurers are owned by shareholders and issue nonparticipating policies

Who set the standards for persons who act as agents for Nonprofit Health Service Plan Corporations?

The Commissioner

What is the purpose of the impairment rider in a health insurance policy?

To exclude coverage for a specific impairment

Under the mandatory uniform provision Notice of Claim, written notice of claims must be submitted to the insurer within what time parameters?

Within 20 days

In a Commercial Auto Coverage policy, which of the following coverage forms applies to automobiles transporting property for a commercial enterprise?

Motor carrier

The frequency and the amount of the premium payment are known as what?

Premium mode

Which of the following beneficiary designations cannot be changed by an insured without first receiving the consent of the beneficiary

Irrevocable beneficiary

An insurance company that is owned by the policyholder is called a

Mutual insurer

An individual recently lost her job. She intends to convert her group policy to an individual policy. In order to avoid proving insurability, the conversion must occur within

31 days

If, after a hearing, it is determined that an insurer or producer is violating Minnesota insurance laws, the Commissioner will issue

A cease and desist order

In order to get a nonresident license in this state, a producer must

Apply and pay a fee to a nonresident state that reciprocates

When an insured reinstated his major medical policy, he was involved in an accident that required hospitalization. When would this accident be covered upon reinstatement of the policy?

Immediately

Which of the following types of care could be provided at a community center?

Adult day care

During a hearing, the Commissioner can do any of the following, EXCEPT

Ban representation of an examinee by an attorney

What Minnesota initiative helps people who are unable to buy health insurance coverage in the normal marker from private insurers?

Comprehensive Health Insurance Act (CHIA)

The "stop-loss" feature on a major medical policy is intended to

Establish a maximum amount of out-of-pocket expense that an insured will have to pay for medical expense in a calendar year