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