Life and Health Insurance Exam Kentucky State Exam Q&A 2024

Life and Health Insurance Exam Kentucky State Exam Q&A 2024 C. The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds - CORRECT ANSWER-All of the following statements about non-cancellable policies are true EXCEPT A. A noncancellible police is also called a noncancellible and guaranteed renewable policy B. The only right to cancel the noncancellable policy is for nonpayment of premiums C. The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds D. the insurer may regain the right to cancel or not to renew when they insured reaches and age specified in the policy A. A factory worker fractures an elbow while working overtime - CORRECT ANSWERWhich of the following qualifies as a compensable injury under workers compensation coverage? A. A factory worker fractures an elbow while working overtime B. An employee is struck by a car and seriously injured while walking back to work following a lunch break C. A worker is involved in an auto accident while driving to work D. All of the above qualify C. Information and privacy protection act - CORRECT ANSWER-Which of the following represents certain consumer safeguards enacted by states and pattered after a model act developed by NAIC? A. Fair credit reporting Act B. the MIB C. Information and privacy protection act D. COBRA B. elective indemnity benefit - CORRECT ANSWER-The optional short term disability income benefit that pays a lump sum for specified injuries is called the A. hospital income benefit B. elective indemnity benefit C. supplemental income benefit D. partial disability benefit B. health maintenance organization - CORRECT ANSWER-The type of health care provider that provides birth the health care services and the healthy care coverage is A. Preferred provider organization B. Health maintenance organization C. Blue cross/blue shield organization D. Traditional health insurance company B. Limited Policies - CORRECT ANSWER-Dread disease, travel accident, vision care, and hospital indemnity policies are all examples of A. ltc policies B. limited policies C. group policies D. blanket policies D. People with any life threatening condition - CORRECT ANSWER-Which of the following are NOT eligible for Medicare coverage? A. People age 65 and older who are eligible for social security B. People age 65 and older not eligible for social security but willing to pay a monthly premium C. People of any age who have been entitled to disability benefits fo