readiness exam missed questions
what is the maximum fine for insurers who allow producers to transact insurance for them without appointments
$25
the probationary period is
A specified period of time that a person joining a group has to wait before becoming eligible for coverage
what is the purpose of a benefit schedule
To state what and how much is covered in the plan
an insurer who transacts insurance in this state but whose articles of incorporation are registered in canada is considered what type of insurer
alien
all of the following health insurance disability benefits are income tax free EXCEPT
employer paid group disability employer paid group disability benefits are income taxable
all of the following are features of a catastrophic plans EXCEPT
high premiums catastrophic plans usually have lower monthly premiums and high deductibles
in minnesota, medicare supplement insurance policies must provide a free look period of
30 days
which of the following in NOT true regarding a noncancellable policy
insurer can increase the premium above what is stated in the policy if claims experience is greater than expected the insurance company cannot cancel a noncancellable policy, nor can the premium be increased beyond what is stated in the policy. the insured has the unilateral right to renew the policy for the life of the contract, but, in effect, may cancel the policy at any time by discontinuing premium payments
an insured was seriously injured in a skiing accident that required him to be hospitalized for 5 weeks. his medical expense policy covered all of the following EXCEPT
loss of income while hospitalized the insured would need disability income to cover lost wages
what is the primary difference between medigap and medicare select policies
medicare select policies contain restricted network provisions
prior to paying a claimant under a professional liability policy, the insurer must
obtain the consent of the insured
which of the following best defines the unfair trade practice of rebating
offering an inducement of something of value not specified in the policy
all of the following statements about mutual insurance companies are correct EXCEPT
policy dividends issued by mutual companies are guaranteed and not taxable insurance policies dividends are not guaranteed and are not taxable
medicare part a services do not include which of the following
private duty nursing
an insured who is 44 years old, falls while mountain climbing on vacation. after a year, doctors feel he will never recover from his injuries. from which of the following programs will he be able to collect disability income?
social security
under the payment of claims provision, to whom will the insureds benefits be paid if the insured is deceased?
the insureds primary beneficiaries
an agent who knowingly misrepresents material information for the purpose of inducing and insured to lapse, forfeit, change or surrender a life insurance policy or annuity has committed an illegal practice known as
twisting
which of the following services will NOT be provided by an HMO
unlimited coverage for treatment for drug rehabilitation HMO provides: emergency care in or out of service area, inpatient hospital in or out of service area
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
which of the following is NOT a cause of loss form for commercial lines insurance?
general three types are basic, broad, and special
an insured suffered a loss. in order to avoid having her claim denied, she must submit proof of loss within
1 year
a medicare supplement policy must have a free look period of at least
30 days
long term care insurance policies sold in mn must provide a free look period of
30 days
