In what form do disability income policies typically pay benefits - ANS-Periodic income
NJ HEALTH AND ACCIDENT EXAM 2024-
2025 WITH LATEST VERIFIED
QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+
The Mandatory health policy provision states that the policy, including endorsements and attached
papers, constitutes - ANS-The entire insurance contract between the parties
The entire contract includes the actual policy and the - ANS-application
employer sponsored group health insurance provides coverage for which of the following - ANS-
Alcoholism
What is issued to each employee of an employer health plan? - ANS-Certificate
, What type of policy where the insurer can send a notice to the insured that the policy has been
cancelled in the middle of the term is called - ANS-Cancelable
In order to obtain a producer's license, the application must be received by the Department within what
period of time listed below? - ANS-12 months after passing the state exam
Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing
additional amounts of coverage at predetermined times without requiring to provide evidence of
insurability. What kind of rider is this? - ANS-Guaranteed insurability rider
The term which describes the fact that both parties of a contract may not receive the same value is
referred to as - ANS-Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT typically
covered - ANS-Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - ANS-Nonpayment
Credit Accident and Health plans are designed to - ANS-help pay off existing loans during periods of
disability
A payment system for health care in which the provider is paid for each service given is called - ANS-fee-
for-service
An insurance company ONLY pay a sales commission to - ANS-individuals licensed by the state
Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the
Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? - ANS-$5000 and
1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care
physician outside of the network, the subscriber will likely pay - ANS-100% of the billed amount
NJ HEALTH AND ACCIDENT EXAM 2024-
2025 WITH LATEST VERIFIED
QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+
The Mandatory health policy provision states that the policy, including endorsements and attached
papers, constitutes - ANS-The entire insurance contract between the parties
The entire contract includes the actual policy and the - ANS-application
employer sponsored group health insurance provides coverage for which of the following - ANS-
Alcoholism
What is issued to each employee of an employer health plan? - ANS-Certificate
, What type of policy where the insurer can send a notice to the insured that the policy has been
cancelled in the middle of the term is called - ANS-Cancelable
In order to obtain a producer's license, the application must be received by the Department within what
period of time listed below? - ANS-12 months after passing the state exam
Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing
additional amounts of coverage at predetermined times without requiring to provide evidence of
insurability. What kind of rider is this? - ANS-Guaranteed insurability rider
The term which describes the fact that both parties of a contract may not receive the same value is
referred to as - ANS-Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT typically
covered - ANS-Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - ANS-Nonpayment
Credit Accident and Health plans are designed to - ANS-help pay off existing loans during periods of
disability
A payment system for health care in which the provider is paid for each service given is called - ANS-fee-
for-service
An insurance company ONLY pay a sales commission to - ANS-individuals licensed by the state
Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the
Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? - ANS-$5000 and
1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care
physician outside of the network, the subscriber will likely pay - ANS-100% of the billed amount
