Kentucky Health Insurance Exam
Questions with Verified Correct
Answers/Solutions latest update 2025
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 for
24 months
D. People with any life-threatening condition --- correct answer ---D.
People with any life threatening condition
A company that I licensed to sell insurance in a particular state is
A. domestic
,B. Alien
C. non admitted company
D. Authorized comany --- correct answer ---D. Authorized Company
Optional Provisions 1 and 2, addressing changes of occupation and
misstatement of age, Kermit the insurer to do which of the following?
A. Cancel the policy
B. Request the insured to fill out a new application to correct previous
misstatements or alter information that has changed since the
application was originally submitted.
C. Charge a "back-end" premium to make up for the premium the
insurer would have charged had the true situation been known.
D. Pay indemnities equal to the benefits that would have purchased at
the premium paid had the insurer known the facts when the premium
was established. --- correct answer ---A. Cancel the policy
,What term describes the concept that the insurer and the insured
share in the cost of medical expenses, with the insurer bearing the
greater share? --- correct answer ---Stop-Loss Limit
With regard to group insurance, who has the responsibility to apply
for coverage, provide information about the group, maintain the
policy, and pay premiums?
A. The agent that wrote the group coverage
B. The insurer that provides the group coverage
C. The individuals that make up the group
D. The master policy owner --- correct answer ---D. The master policy
owner
Trent Bixley is named by the insured, Nancy Bixley as the first in line
to recieve the death benefit provided by Nancy's accident policy. Their
daughter Elaine is named as second in line to recieve the benefit.
Which statement is correct?
, A. Trent is the primary beneficiary and Elaine is the contingent
beneficiary
B. Trent is the contingent beneficiary and Nancy is the primary
beneficiary.
C. Nancy is the primary beneficiary and Elaine is the contingent
beneficiary
D. Both Trent and Elaine are primary beneficiaries. --- correct answer
---B. Trent is the contingent beneficiary and Nancy is the primary
beneficiary.
The type of health insurance policy most likely used to cover all
students attending a large university is?
A. Blanket Policy
B. A Franchise Policy
C. An ASO
Questions with Verified Correct
Answers/Solutions latest update 2025
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 for
24 months
D. People with any life-threatening condition --- correct answer ---D.
People with any life threatening condition
A company that I licensed to sell insurance in a particular state is
A. domestic
,B. Alien
C. non admitted company
D. Authorized comany --- correct answer ---D. Authorized Company
Optional Provisions 1 and 2, addressing changes of occupation and
misstatement of age, Kermit the insurer to do which of the following?
A. Cancel the policy
B. Request the insured to fill out a new application to correct previous
misstatements or alter information that has changed since the
application was originally submitted.
C. Charge a "back-end" premium to make up for the premium the
insurer would have charged had the true situation been known.
D. Pay indemnities equal to the benefits that would have purchased at
the premium paid had the insurer known the facts when the premium
was established. --- correct answer ---A. Cancel the policy
,What term describes the concept that the insurer and the insured
share in the cost of medical expenses, with the insurer bearing the
greater share? --- correct answer ---Stop-Loss Limit
With regard to group insurance, who has the responsibility to apply
for coverage, provide information about the group, maintain the
policy, and pay premiums?
A. The agent that wrote the group coverage
B. The insurer that provides the group coverage
C. The individuals that make up the group
D. The master policy owner --- correct answer ---D. The master policy
owner
Trent Bixley is named by the insured, Nancy Bixley as the first in line
to recieve the death benefit provided by Nancy's accident policy. Their
daughter Elaine is named as second in line to recieve the benefit.
Which statement is correct?
, A. Trent is the primary beneficiary and Elaine is the contingent
beneficiary
B. Trent is the contingent beneficiary and Nancy is the primary
beneficiary.
C. Nancy is the primary beneficiary and Elaine is the contingent
beneficiary
D. Both Trent and Elaine are primary beneficiaries. --- correct answer
---B. Trent is the contingent beneficiary and Nancy is the primary
beneficiary.
The type of health insurance policy most likely used to cover all
students attending a large university is?
A. Blanket Policy
B. A Franchise Policy
C. An ASO
