Guarantee exam missed questions

What is the maximum increase in health insurance rates that an insurer can import on a small employer in one year due to claim experience?

15%

Assistance with personal needs; nonmedical personnel; institutional setting or home

Custodial care

Occasional nursing or rehabilitative care by skilled medical personnel

Intermediate care

An insurer has received some information regarding a newly issued policy that provides sufficient grounds for policy rescission. What should the insurer do?

Notify the insured within 60 days of acquiring the information

Any transaction in which new disability insurance is to be purchased and it is known to the intermediary or company at the time of application that existing disability insurance has been or is to be lapsed or the benefits substantially reduced

Replacement

Relief for family caregiver

Respite care

COBRA laws apply to health insurance policies for employers that have at least how many employees?

20 employees

What percent of a business must an employee own at any time of the year to be considered a "highly-compensated employee"?

5%

The principal of immunity in cancellation or insurance policies applies to which of the following? A) Insurers and their agents B) The insured C) The department D) Beneficiaries

A. Insurers and their agents

Functionally impaired adults; community center; activities, transportation, meals

Adult day care

The term used to describe the practice of making one document a part of another

Incorporation by reference

Skilled nursing services in a person's home

Home health care

What type of insurer uses a formal sharing agreement?

Reciprocal insurers

Nursing and rehabilitative care by medical personnel

Skilled care