NY Accident and Health 17-52 Exam
If an insurance company obtains an investigative consumer report on a
prospective insured , it MUST inform the prospect that it is permitted to do
so under which of the following Federal laws ?
The Fair Credit Reporting Act
What is the Fair Credit Reporting Act?
established procedures that consumer-reporting agencies must follow in
order to ensure that records are confidential, accurate, relevant, and
properly used
Obtaining consumer information reports under false pretenses is
prosecutable by which of the following?
Fair Credit Reporting Act
,When requesting a consumer report on a applicant, from whom must their
insurer obtain consent?
The applicant
How many years must credit information be retained?
7 years
What is the Gramm-Leach-Bliley Act?
Establishes rules for financial institutions on privacy notices that must be
sent to consumers informing what information is collected, how it's shared
and used, and how it is protected.
,Which federal law requires financial institutions to provide the consumer
with information on how personal information is used?
Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable
Care Act (ACA)?
High deductible health plans (HDHP) (HDHP is established by the IRS and
not the ACA)
Which insurance plans are commonly offered through the worksite
(employer sponsored)?
Medicare (offered by the federal government)
, The benefits paid by Medicare are most similar to?
Major medical
How long after being entitled to social security benefits will an individual be
eligible to receive Medicare benefits?
2 years
All the following can be used to qualify for Medicare Parts A and B
EXCEPT
financial need
Medicare?
If an insurance company obtains an investigative consumer report on a
prospective insured , it MUST inform the prospect that it is permitted to do
so under which of the following Federal laws ?
The Fair Credit Reporting Act
What is the Fair Credit Reporting Act?
established procedures that consumer-reporting agencies must follow in
order to ensure that records are confidential, accurate, relevant, and
properly used
Obtaining consumer information reports under false pretenses is
prosecutable by which of the following?
Fair Credit Reporting Act
,When requesting a consumer report on a applicant, from whom must their
insurer obtain consent?
The applicant
How many years must credit information be retained?
7 years
What is the Gramm-Leach-Bliley Act?
Establishes rules for financial institutions on privacy notices that must be
sent to consumers informing what information is collected, how it's shared
and used, and how it is protected.
,Which federal law requires financial institutions to provide the consumer
with information on how personal information is used?
Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable
Care Act (ACA)?
High deductible health plans (HDHP) (HDHP is established by the IRS and
not the ACA)
Which insurance plans are commonly offered through the worksite
(employer sponsored)?
Medicare (offered by the federal government)
, The benefits paid by Medicare are most similar to?
Major medical
How long after being entitled to social security benefits will an individual be
eligible to receive Medicare benefits?
2 years
All the following can be used to qualify for Medicare Parts A and B
EXCEPT
financial need
Medicare?
