WI Health Insurance Exam Latest Version Graded A+

WI Health Insurance Exam Latest Version Graded A+ The WI Health Insurance Risk-Sharing Plan Provides health coverage for people who are unable to otherwise obtain insurance because they are too high risk to insure. Anyone whi tested positive for the presence of HIV is automatically eligible for coverage. The maximum court-ordered fine a licensee will pay for failing to comply with the Commissioner's order or continue to violate WI Insurance Law Up to $5,000 a day each day the violation continues beyond the two week period An insurance agent who moves to WI from another state May conduct insurance business for 60 days if his or her current license is valid The commissioner gives approval to an insurer to do business in WI through a Certificate of authority If a payment on an insurance claim goes unpaid beyond 30 days, it is subject to bear what interest rate per year? 7.5% Family coverage under an individual group or accident and health insurance policy for a handicapped child shall be effective... As long as the child in unable to work and is dependent on the insured How many hours of continued training must consist of an approved ethics course every 2 years? 3 Testimonial A statement made by an insurer's policy-holder or certificate-holder promoting the insurer, coverage, or both with favorable statements about his experience under the policy. When the commissioner examines the affairs of a person engaged in the insurance business in WI, who pays for the cost of the examination? The person being examined How many hours of prelicensing education must be completed by a first-time applicant for a WI agents license selling life, accident, and health insurance? 32 hours Intermediaries must maintain all financial records for how many years? 3 How many hours of continuing education are required? 24 hours every 2 years If a person knowingly aids their employee on breaking a WI insurance law, they will be... Liable for a fine of up to $5,000 or 3 years imprisonment In WI, policies that cover hospital expenses must cover how much of the expenses of inpatient and outpatient treatment of kidney disease in a year? $30,000 A Shopper's Guide to Cancer Insurance An NAIC publication. Must be given to each prospective buyer. Insurance for a small employer may not contain a preexistente condition waiting period longer than... 12 months Agents who want to sell products from insurers NOT licensed in WI must... get a surplus lined license The Insurance Security Fun Protects insured against losses from unpaid claims if an insurer is liquidated In WI, a person who knowingly and willingly obtains information about an individual from an insurer or insurance organization under false pretenses