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NJ HEALTH AND ACCIDENT INSURANCE EXAM 2024 ACTUAL EXAM
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COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (1
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00% CORRECT ANSWERS) ALREADY GRADED A+
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In what form do disability income policies typicall
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y pay benefits - CORRECT ANSWER
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>>>>Periodic income d
The Mandatory health policy provision states that
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the policy, including endorsements and attached
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papers, constitutes - d d
CORRECT ANSWER >>>>The entire insurance con
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tract between the parties
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The entire contract includes the actual policy and
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the - CORRECT ANSWER >>>>application
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employer sponsored group health insurance prov d d d d d
ides coverage for which of the following -
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CORRECT ANSWER >>>>Alcoholism
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The term which describes the fact that both parti
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es of a contract may not receive the same value is r
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eferred to as - CORRECT ANSWER d d d d d
>>>>Aleatory
Tom has a home health care benefit and is confine
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d to his home. Which of these is NOT typically cov
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ered - CORRECT ANSWER >>>>Full-
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time nursing care
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A Medicare Supplement policy can be cancelled b
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y the insurer for - CORRECT ANSWER
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>>>>Nonpayment
Credit Accident and Health plans are designed to
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-
CORRECT ANSWER >>>>help pay off existing loa
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ns during periods of disability
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A payment system for health care in which the pr
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ovider is paid for each service given is called -
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CORRECT ANSWER >>>>fee-for-service
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An insurance company ONLY pay a sales commissi
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on to - CORRECT ANSWER
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>>>>individuals licensed by the state d d d d
Ken is a producer who has obtained Consumer Inf
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ormation Reports under false pretenses. d d d d
Under the Fair Credit Reporting Act, what is the m
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aximum penalty that may be imposed on Ken? -d d d d d d d d
CORRECT ANSWER >>>>$5000 and 1
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year imprisonment d
A closed network plan offers a primary physician
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copay of $25. If a subscriber chooses a primary ca
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re physician outside of the network, the subscrib
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er will likely pay -
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CORRECT ANSWER >>>>100% of the billed amou
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nt
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What is the maximum fine for a producer violatin
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g an NJ insurance law for the first time?
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- CORRECT ANSWER >>>>$5000
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A licensed producer is required to file notice to an
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y changes of address within how many days -
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CORRECT ANSWER >>>>30 days
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Jonas has disability insurance through his employ
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er. The employer pays 75% of the premium, and J
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onas pays the other 25%. What is Jonas's tax liabili
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ty for any benefits paid from the disability plan? -
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CORRECT ANSWER
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>>>>Taxes must be paid on 75% of the benefits re d d d d d d d d d
ceived
After an insured gives notice of loss, what must he
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/she do if the insurer does not furnish forms?
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- CORRECT ANSWER >>>>File written proof of loss
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NJ HEALTH AND ACCIDENT INSURANCE EXAM 2024 ACTUAL EXAM
d d d d d d d d d
COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS (1
d d d d d d d
00% CORRECT ANSWERS) ALREADY GRADED A+
d d d d d
In what form do disability income policies typicall
d d d d d d d
y pay benefits - CORRECT ANSWER
d d d d d
>>>>Periodic income d
The Mandatory health policy provision states that
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the policy, including endorsements and attached
d d d d d d d
papers, constitutes - d d
CORRECT ANSWER >>>>The entire insurance con
d d d d d d
tract between the parties
d d d
The entire contract includes the actual policy and
d d d d d d d d
the - CORRECT ANSWER >>>>application
d d d d
, Pd ad gd ed |d2
employer sponsored group health insurance prov d d d d d
ides coverage for which of the following -
d d d d d d d
CORRECT ANSWER >>>>Alcoholism
d d d
The term which describes the fact that both parti
d d d d d d d d
es of a contract may not receive the same value is r
d d d d d d d d d d d
eferred to as - CORRECT ANSWER d d d d d
>>>>Aleatory
Tom has a home health care benefit and is confine
d d d d d d d d d
d to his home. Which of these is NOT typically cov
d d d d d d d d d d
ered - CORRECT ANSWER >>>>Full-
d d d d
time nursing care
d d d
A Medicare Supplement policy can be cancelled b
d d d d d d d
y the insurer for - CORRECT ANSWER
d d d d d d
>>>>Nonpayment
Credit Accident and Health plans are designed to
d d d d d d d d
-
CORRECT ANSWER >>>>help pay off existing loa
d d d d d d d
ns during periods of disability
d d d d
, Pd ad gd ed |d3
A payment system for health care in which the pr
d d d d d d d d d
ovider is paid for each service given is called -
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CORRECT ANSWER >>>>fee-for-service
d d d
An insurance company ONLY pay a sales commissi
d d d d d d d
on to - CORRECT ANSWER
d d d d
>>>>individuals licensed by the state d d d d
Ken is a producer who has obtained Consumer Inf
d d d d d d d d
ormation Reports under false pretenses. d d d d
Under the Fair Credit Reporting Act, what is the m
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aximum penalty that may be imposed on Ken? -d d d d d d d d
CORRECT ANSWER >>>>$5000 and 1
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year imprisonment d
A closed network plan offers a primary physician
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copay of $25. If a subscriber chooses a primary ca
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re physician outside of the network, the subscrib
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er will likely pay -
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CORRECT ANSWER >>>>100% of the billed amou
d d d d d d d
nt
, Pd ad gd ed |d4
What is the maximum fine for a producer violatin
d d d d d d d d
g an NJ insurance law for the first time?
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- CORRECT ANSWER >>>>$5000
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A licensed producer is required to file notice to an
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y changes of address within how many days -
d d d d d d d d
CORRECT ANSWER >>>>30 days
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Jonas has disability insurance through his employ
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er. The employer pays 75% of the premium, and J
d d d d d d d d d
onas pays the other 25%. What is Jonas's tax liabili
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ty for any benefits paid from the disability plan? -
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CORRECT ANSWER
d d
>>>>Taxes must be paid on 75% of the benefits re d d d d d d d d d
ceived
After an insured gives notice of loss, what must he
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/she do if the insurer does not furnish forms?
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- CORRECT ANSWER >>>>File written proof of loss
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