what I got wrong, pre-licensing

The most the Insurance Guaranty Association will pay for net cash surrender values is

$100,000

A candidate applying for which of the following licenses will NOT be required to pass a written examination?

A nonresident producer

A temporary license may be obtained for all of the following situations EXCEPT

A producer's retirement.

To comply with Fair Credit Reporting Act, when must a producer notify an applicant that a credit report may be requested?

At the time of application

Occasional visits by which of the following medical professionals will NOT be covered under LTC's home health care?

Attending physician

Which of the following is NOT required to be stated in the outline of coverage provided with a long-term care policy?

Basic information about supplementary policies

What is an important feature of a dental expense insurance plan that is NOT typically found in a medical expense insurance plan?

Diagnostic and preventive care

All of the following are advantages of an HMO or PPO for a Medicare recipient EXCEPT

Elective cosmetic procedures are covered.

Regarding long-term care coverage, as the elimination period gets shorter, the premium

Gets higher.

Rule 38.1 is also known as

Group Coordination of Benefits.

Which of the following types of LTC is NOT provided in an institutional setting?

Home health care

Issue age policy premiums increase in response to which of the following factors?

Increased benefits

Who must pay for the cost of a medical examination required in the process of underwriting?

Insurer

The provision which prevents the insured from bringing any legal action against the company for at least 60 days after proof of loss is known as

Legal Actions

Under the Affordable Care Act, which classification applies to health plans based on the amount of covered costs?

Metal level classification

Which of the following is NOT correct regarding false statements by a person engaged in the business of insurance?

Only written statements can be considered fraud.

Which of the following answers does NOT describe the principal goal of a Preferred Provider Organization?

Provide medical services only from physicians in the network

An insured has endured multiple surgeries and hospitalizations for an illness during the summer months. Her insurer no longer bills her for medical expenses. What term best describes the condition she has met?

Stop-Loss Limit

Which of the following terms describes the specified dollar amount beyond which the insured no longer participates in the sharing of expenses?

Stop-loss limit

Which of the following would an accident-only policy NOT cover?

Surgery to repair a wrist damaged by tendonitis.

If an insurer becomes insolvent, which of the following would pay benefits to policyholders?

The Guaranty Association

An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen?

The PPO will pay reduced benefits.

Before a customer's agent delivers his policy, the insurer makes a last-minute change to the policy. The agent informs the customer of this change, and he accepts it. What must the agent do now?

The agent should ask the customer to sign a statement acknowledging that he is aware of the change.

Which of the following is true about the requirements regarding HIV exams?

The applicant must give prior informed written consent.

Which statement regarding qualifications for Social Security disability benefits is NOT true?

The individual must be at least 65 years old. (correct age is 64)

If a producer allowed his or her license to lapse, which of the following would NOT be true?

The producer must take a written examination within 12 months of the lapse for the license to be reinstated.

How is health coverage for newly-adopted children under a parent's policy different from health coverage for newborns?

There is no difference

What is the purpose of coinsurance provisions?

To help the insurance company to prevent overutilization of the policy

When an insurer issues an individual health insurance policy that is guaranteed renewable, the insurer agrees

To renew the policy until the insured has reached age 65.

According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT

Unearned premiums are retained by the insurance company.

Which of the following determines whether disability insurance benefits are taxed?

Whether the premiums were tax deductible