In regards to the ACA, which of these is NOT a role of a health insurance exchange?
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Contact the employer if an employee stops coverage under a plan offered
in the exchange
What would be the disadvantage of naming a trust as a beneficiary of a life insurance
policy?
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Trust administration fees would reduce policy proceeds
,Tonya has been diagnosed with kidney failure and has group accident and health
insurance through her large employer. Which of these accident and health plans will
be primary during the months following her diagnosis?
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Her employer's group accident and health plan
Pointing out to a prospective client that the life insurance policy you are presenting is
covered by the New York Life and Health Insurance Guaranty Association is
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Prohibited by law
Larry has a Major Medical Expense policy for his family with a $1,000 per family/per
year deductible and an 80/20 coinsurance provision. If Larry's family files four claims
of $400, $800, $100, and $700 in one year, how much will the insurance company
pay?
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$800
Under a long-term care inflation rider, the benefit levels
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, Periodically increase without proof of insurability
New York requires advertisements for accident and health insurance policies covering
ONLY a specified illness to prominently display
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A statement that the policy is limited
What is the maximum number employees (earning at least $5,000) that an employer
can have in order to start a SIMPLE retirement plan?
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100
When an annuity contract has been surrendered, how will the surrender charges
affect the final contract settlement?
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Final contract settlement will be reduced
A small employer group is an employer that employs how many?
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, 2-50 employees
An association which maintains a facility that displays offers and counteroffers for
purchasers or sellers of life settlement contracts is known as a
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Life settlement intermediary
A copy of all Medicare Supplement advertisements must be submitted for approval to
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The Superintendent of Insurance
An insured has a $25,000 whole life insurance policy with $6,000 cash value available.
Under the extended term nonforfeiture option, what is the amount of insurance
available to the insured?
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$25,000
A group-owned insurance company that is formed to assume and spread the liability
risks of its members is known as a
Give this one a try later!
Contact the employer if an employee stops coverage under a plan offered
in the exchange
What would be the disadvantage of naming a trust as a beneficiary of a life insurance
policy?
Give this one a try later!
Trust administration fees would reduce policy proceeds
,Tonya has been diagnosed with kidney failure and has group accident and health
insurance through her large employer. Which of these accident and health plans will
be primary during the months following her diagnosis?
Give this one a try later!
Her employer's group accident and health plan
Pointing out to a prospective client that the life insurance policy you are presenting is
covered by the New York Life and Health Insurance Guaranty Association is
Give this one a try later!
Prohibited by law
Larry has a Major Medical Expense policy for his family with a $1,000 per family/per
year deductible and an 80/20 coinsurance provision. If Larry's family files four claims
of $400, $800, $100, and $700 in one year, how much will the insurance company
pay?
Give this one a try later!
$800
Under a long-term care inflation rider, the benefit levels
Give this one a try later!
, Periodically increase without proof of insurability
New York requires advertisements for accident and health insurance policies covering
ONLY a specified illness to prominently display
Give this one a try later!
A statement that the policy is limited
What is the maximum number employees (earning at least $5,000) that an employer
can have in order to start a SIMPLE retirement plan?
Give this one a try later!
100
When an annuity contract has been surrendered, how will the surrender charges
affect the final contract settlement?
Give this one a try later!
Final contract settlement will be reduced
A small employer group is an employer that employs how many?
Give this one a try later!
, 2-50 employees
An association which maintains a facility that displays offers and counteroffers for
purchasers or sellers of life settlement contracts is known as a
Give this one a try later!
Life settlement intermediary
A copy of all Medicare Supplement advertisements must be submitted for approval to
Give this one a try later!
The Superintendent of Insurance
An insured has a $25,000 whole life insurance policy with $6,000 cash value available.
Under the extended term nonforfeiture option, what is the amount of insurance
available to the insured?
Give this one a try later!
$25,000
A group-owned insurance company that is formed to assume and spread the liability
risks of its members is known as a
