Guaranteed exam
In individual Willingly violates provisions of the fair credit reporting act what is the maximum civil penalty
$2500
If an insured pays a health insurance premium each month how long would a grace period be
10 days
To qualify for disability income benefits under Social Security the individual disability must be expected to result in death or last for at least
12 months
How many tears must be included in each treatment category of Medicare prescription drug plan formulary
2
A Medicare supplement policy must have a free period of at least
30 days
To attain fully insured status under Social Security and individual must have earned
40
In the Social Security black out. The surviving spouse will receive benefits until the age of
60
According to the life insurance replacement regulations which of the following would be an example of policy replacement
A policy is re-issued with the reduction in cash value
Went a whole life policy is surrendered for its nonforfeiture option what is the automatic
Extended term
If annuitant dies before the annuity start date which of the following is true
Interest is taxable
Which of the following is provided by skilled medical personnel to those who need occasional medical systems or rehabilitative care
Intermediate care
All of the following statements are true guarding in ordinary straight life policy except
It does not have a guaranteed death benefit
Who would be the insured in a business disability insurance
Key employees
Social Security Medicare program the retiree has To pay monthly premiums for
Part B
On an accidental death and dismemberment policy the death benefit table is known as the
Principal sum
Medicare Part A services do not include which of the following?
Private duty nursing
The guaranteed insurability rider allows the owner to purchase additional amount of life insurance without proof of insurability and all the following ways except
Purchase of a new home
All the following are true of a multiple employer trust except
The employee has the right of conversion upon leaving the group coverage
The illumination. May not have to be satisfied for the disability in which of the following
The insured suffers a relapse of a prior disability within six months of the initial cover disability
How many work credits you need to be accumulated to have fully insured status
40
Underwriters use all the messages to protect insurance against adverse selection except
Only excepting a small percentage of applicants
And employee that becomes in eligible for group coverage because of termination of employment or change in status most exercise extension of benefits under COBRA
Within 60 days
Which of the following me to the insured's personal needs and is provided by non-medical personnel
Custodial care
Medicare is a health insurance program for all the following individuals except
Those with low income and low assets
What is the purpose of a benefit schedule
To state what and how much is covered in the plan
All of the following could qualify as a group for the purpose of purchasing health insurance except
And association of 35 or more
Which of the following describes the relationship between capital sum and principal sum
Capital Sums are percentages of principal Sums
Receiving money as a result of a loss of a lame an accidental death and dismemberment policy is received from
Capital amount
In a variable life insurance policy all the bonuses are held in the insurance companies general account except
Cash surrender value
Concerning the family protection policy all of the following statements are true except
Children upon reaching the age of maturity are permitted to convert to an individual policy with proof of insurability
Medicare B covers all the following except
Long-term care services
Gross premium for a life insurance policy is determined by adding which two components
Net premium and expenses
The reduction of premium option uses the dividend to reduce
Next year's premium
The cash value guarantees in a whole life policy is called
Nonforfeiture values
HMOs are known as what type of plans
Service
The basic medical insurance plan benefits are exhausted what type of plan will be in covering those losses
Supplementary major medical
And adjustable life policy can assume the form of
Temporary or permanent
What is it called when a doctor excepts the Medicare approved amount
Assignment
HMO members pay a small fee when they see their primary care physician this fee is called a
Copay
All the following information needs to be included on an application for insurance except
Health insurance policies in force
All the following are features of catastrophic plans except
High premiums
Restoring an insured Financially after clean is known as
Indemnity
Which of the following indicates how much of health coverage premium must go towards actual Medicare
Medical loss ratio
A whole life policy is surrendered for a reduced paid up policy the cash value in the new policy will
continue to increase
Darrell is involved in an automobile accident with another motorist Darrell was at fault Darrell was injured and hospitalized for two months the other motorist suffered $15000 Of medical expenses as a result of the accident Darrells disability income or pay
Loss of income
And insured purchases an insurance policy with a large deductible but risk management technique is the insured exercising
Retention
All of the following are features of a health insurance plan purchased on the health insurance marketplace except
Dollar limits on essential benefits
Which of the following statements is not true regarding HICAP
Exist to assist seniors who are not qualified to receive Social Security or Medicare
Only the agent is involved in completing the agents report the agent statement is
Not included in the entire contract
When acting as a field underwriter a producer is
Seeking credible information about an applicant for health insurance