NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
In what form do disability income policies typically pay benefits? - CORRECT
ANSWER Periodic income
What is considered to be the primary reason for buying life insurance? - CORRECT
ANSWER Provide death benefits
A newborn is required to be covered for days from the moment of birth -
CORRECT ANSWER 30
Once an accident and health insurance policy has been in force for year(s), the
policy may NOT be contested by the insurer - CORRECT ANSWER 2
A doctor who accepts Medicare assignment agrees to which of the following
- Doctor may charge up to a maximum of 15% more than Medicare pays for the service
- Doctor is not bound by Medicare's limitations on charges
- Doctor cannot charge more than Medicare's scheduled coverage
- Doctor bills the Medicare beneficiary directly for services performed - CORRECT
ANSWER Doctor cannot charge more than Medicare's scheduled coverage
What is issued to each employee with an employer health plan? - CORRECT
ANSWER Certificate
What is the tax liability for employer contributions in Health Savings Accounts
(HSA's)? - CORRECT ANSWER No tax payment needed
,NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
1
,NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
All of these are considered sources of information that can assist an underwriter
in determining whether or not to accept a risk EXCEPT
Agent's report
Medical Information Bureau
(MIB) Inspection reports
National Association of Insurance Underwriters - CORRECT ANSWER National
Association of Insurance Underwriters
In NJ, health insurance advertisements are required to contain the - CORRECT
ANSWER insurance company's name
Replacement regulation is designed to protect the interests of - CORRECT
ANSWER Policyowners
The Commissioner of Insurance is appointed by - CORRECT ANSWER The governor
Which type of plan would be most appropriate for an individual on Medicare and
is concerned that Medicare will NOT pay for charges exceeding the approved
amount? - CORRECT ANSWER Medicare supplement plan F
Which of the following is NOT a common exclusion for a medical expense policy?
Physical
therapy Act of
war
, NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
on the job injury
self inflicted injury - CORRECT ANSWER Physical therapy
Twisting is best defined as - CORRECT ANSWER using misrepresentation to induce
an insured person to terminate an existing policy and purchase a new policy
2
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
In what form do disability income policies typically pay benefits? - CORRECT
ANSWER Periodic income
What is considered to be the primary reason for buying life insurance? - CORRECT
ANSWER Provide death benefits
A newborn is required to be covered for days from the moment of birth -
CORRECT ANSWER 30
Once an accident and health insurance policy has been in force for year(s), the
policy may NOT be contested by the insurer - CORRECT ANSWER 2
A doctor who accepts Medicare assignment agrees to which of the following
- Doctor may charge up to a maximum of 15% more than Medicare pays for the service
- Doctor is not bound by Medicare's limitations on charges
- Doctor cannot charge more than Medicare's scheduled coverage
- Doctor bills the Medicare beneficiary directly for services performed - CORRECT
ANSWER Doctor cannot charge more than Medicare's scheduled coverage
What is issued to each employee with an employer health plan? - CORRECT
ANSWER Certificate
What is the tax liability for employer contributions in Health Savings Accounts
(HSA's)? - CORRECT ANSWER No tax payment needed
,NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
1
,NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
All of these are considered sources of information that can assist an underwriter
in determining whether or not to accept a risk EXCEPT
Agent's report
Medical Information Bureau
(MIB) Inspection reports
National Association of Insurance Underwriters - CORRECT ANSWER National
Association of Insurance Underwriters
In NJ, health insurance advertisements are required to contain the - CORRECT
ANSWER insurance company's name
Replacement regulation is designed to protect the interests of - CORRECT
ANSWER Policyowners
The Commissioner of Insurance is appointed by - CORRECT ANSWER The governor
Which type of plan would be most appropriate for an individual on Medicare and
is concerned that Medicare will NOT pay for charges exceeding the approved
amount? - CORRECT ANSWER Medicare supplement plan F
Which of the following is NOT a common exclusion for a medical expense policy?
Physical
therapy Act of
war
, NJ ACCIDENT AND HEALTH INSURANCE FINAL EXAM
2025 VERIFIED FOR GUARANTEED PASS LATEST
UPDATE
on the job injury
self inflicted injury - CORRECT ANSWER Physical therapy
Twisting is best defined as - CORRECT ANSWER using misrepresentation to induce
an insured person to terminate an existing policy and purchase a new policy
2
