XCEL CHAPTER 11 EXAM QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+
What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of
1985 allow an employee to do?
A. In the event of employment termination, group health insurance can be kept if
the employee pays the premiums
B. Receive a tax credit to help offset the cost of health insurance
C. Remain on their current coverage for 30 months
D. In the event of employment termination, group health insurance can be kept if
the employer pays the premiums
In the event of employment termination, group health insurance can be kept if the
employee pays the premiums
Credit Accident and Health plans are designed to?
A. permit creditors the ability to require that coverage be purchased through
insurers of their choice
B. provide permanent protection
C. help pay off existing loans during periods of disability
D. not permit free choice of coverage selection
help pay off existing loans during periods of disability
Ron has a new employer and wishes to enroll in the company's group health plan.
In determining whether his pre-existing health condition applies, Ron cannot
, have more than a ___ day gap without previous health insurance.
A. 45
B. 63
C. 75
D. 90
63
Health insurance involves two perils, accident and ____.
A. death
B. sickness
C. disability
D. liability
sickness
Which of the following would evidence ownership in a participating health
insurance contract?
A. Stock ownership
B. Irrevocable beneficiary status
C. Policy ownership
D. Collateral assignment
Policy ownership
Under the subrogation clause, legal action can be taken by the insurer against
the?
A. responsible third party
B. beneficiary
ANSWERS GRADED A+
What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of
1985 allow an employee to do?
A. In the event of employment termination, group health insurance can be kept if
the employee pays the premiums
B. Receive a tax credit to help offset the cost of health insurance
C. Remain on their current coverage for 30 months
D. In the event of employment termination, group health insurance can be kept if
the employer pays the premiums
In the event of employment termination, group health insurance can be kept if the
employee pays the premiums
Credit Accident and Health plans are designed to?
A. permit creditors the ability to require that coverage be purchased through
insurers of their choice
B. provide permanent protection
C. help pay off existing loans during periods of disability
D. not permit free choice of coverage selection
help pay off existing loans during periods of disability
Ron has a new employer and wishes to enroll in the company's group health plan.
In determining whether his pre-existing health condition applies, Ron cannot
, have more than a ___ day gap without previous health insurance.
A. 45
B. 63
C. 75
D. 90
63
Health insurance involves two perils, accident and ____.
A. death
B. sickness
C. disability
D. liability
sickness
Which of the following would evidence ownership in a participating health
insurance contract?
A. Stock ownership
B. Irrevocable beneficiary status
C. Policy ownership
D. Collateral assignment
Policy ownership
Under the subrogation clause, legal action can be taken by the insurer against
the?
A. responsible third party
B. beneficiary
