NJ HEALTH AND ACCIDENT INSURANCE FINAL EXAM |2025-2026
LATEST UPDATED|REAL EXAM QUESTIONS AND ANSWERS | 100%
RATED CORRECT | 100% VERFIED SOLUTIONS | ALREADY GRADED
A+
Which of these circumstances is a Business Disability Buy-Sell policy designed to help in the
sale of a business? - (answer)Business owner becoming disabled
A Business Disability Buy-Sell policy is designed to assist in the sale of a business when one of
the owners becomes disabled.
Accidental Death coverage is provided to commercial airline passengers in which of the
following types of policies? - (answer)Blanket Accident policy
A Blanket Accident policy provides Accidental Death coverage to airplane passengers.
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for -
(answer)The Health Insurance Portability and Accountability Act (HIPAA) provides privacy
protection for health information.
J has an Accidental Death and Dismemberment policy with a principal sum of $50,000. While
trimming the hedges, J cuts off one of his fingers. What is the MAXIMUM J will receive from
his policy? - (answer)The maximum sum payable would be the capital sum, or $25,000.
,Which of these types of coverage is best described as a short term medical policy? - (answer)A
short term medical policy is best described as interim coverage.
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - (answer)If the primary beneficiary dies before the insured
A contingent beneficiary will receive the policy proceeds if the primary beneficiary dies before
the insured's death.
Under which of the following circumstances will the benefits under COBRA continuation
coverage end? - (answer)All group health plans are terminated by the employer
One of the disqualifying events that can result in the termination of continuing coverage under
COBRA is when the employer terminates all group health plans.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers (and their
families) whose employment has been terminated the right to - (answer)continue group health
benefits
When an employee is required to pay a portion of the premium for an employer/employee group
health plan, the employee is covered under which of the following plans? - (answer)Contributory
,Group plans where employees pay a portion of the premiums are called contributory plans.
On an Accidental Death and Dismemberment (AD&D) insurance policy, who is qualified to
change the beneficiary designation? - (answer)Policyowner
The policyowner has the right to change the beneficiary designation. However, consent may
needed by the current beneficiary if designated as irrevocable.
Which contract permits the remaining partners to buy-out the interest of a disabled business
partner? - (answer)Disability Buy-Sell
A disability buy-sell plan allows the remaining partners to buy out the interest of the disabled
business partner.
A policyowner would like to change the beneficiary on an Accidental Death and Dismemberment
(AD&D) insurance policy and make the change permanent. Which type of designation would
fulfill this need? - (answer)Irrevocable
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental
Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q,
and R are involved in a car accident and Q and R are killed instantly. The Accidental Death
benefits will be paid to - (answer)P only
, In this situation, benefits will be paid to P because P survived the accident and is the primary
beneficiary.
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? -
(answer)Reimbursement
When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is
known as reimbursement.
Which of the following claims are typically excluded from Medical expense policies? -
(answer)Intentionally self-inflicted injuries
Medical expense policies usually EXCLUDE coverage for claims resulting from treatment of
intentionally self-inflicted injuries.
Which of the following statements is correct regarding an employer/employee group health plan?
- (answer)the employer receives a master policy and the employees receive certificates
Which statement is TRUE regarding a group accident & health policy issued to an employer? -
(answer)The employer receives the policy and each employee is issued a certificate
With a group accident and health plan, a master policy is issued to the employer and each
employee receives a certificate of insurance.
LATEST UPDATED|REAL EXAM QUESTIONS AND ANSWERS | 100%
RATED CORRECT | 100% VERFIED SOLUTIONS | ALREADY GRADED
A+
Which of these circumstances is a Business Disability Buy-Sell policy designed to help in the
sale of a business? - (answer)Business owner becoming disabled
A Business Disability Buy-Sell policy is designed to assist in the sale of a business when one of
the owners becomes disabled.
Accidental Death coverage is provided to commercial airline passengers in which of the
following types of policies? - (answer)Blanket Accident policy
A Blanket Accident policy provides Accidental Death coverage to airplane passengers.
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for -
(answer)The Health Insurance Portability and Accountability Act (HIPAA) provides privacy
protection for health information.
J has an Accidental Death and Dismemberment policy with a principal sum of $50,000. While
trimming the hedges, J cuts off one of his fingers. What is the MAXIMUM J will receive from
his policy? - (answer)The maximum sum payable would be the capital sum, or $25,000.
,Which of these types of coverage is best described as a short term medical policy? - (answer)A
short term medical policy is best described as interim coverage.
How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - (answer)If the primary beneficiary dies before the insured
A contingent beneficiary will receive the policy proceeds if the primary beneficiary dies before
the insured's death.
Under which of the following circumstances will the benefits under COBRA continuation
coverage end? - (answer)All group health plans are terminated by the employer
One of the disqualifying events that can result in the termination of continuing coverage under
COBRA is when the employer terminates all group health plans.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers (and their
families) whose employment has been terminated the right to - (answer)continue group health
benefits
When an employee is required to pay a portion of the premium for an employer/employee group
health plan, the employee is covered under which of the following plans? - (answer)Contributory
,Group plans where employees pay a portion of the premiums are called contributory plans.
On an Accidental Death and Dismemberment (AD&D) insurance policy, who is qualified to
change the beneficiary designation? - (answer)Policyowner
The policyowner has the right to change the beneficiary designation. However, consent may
needed by the current beneficiary if designated as irrevocable.
Which contract permits the remaining partners to buy-out the interest of a disabled business
partner? - (answer)Disability Buy-Sell
A disability buy-sell plan allows the remaining partners to buy out the interest of the disabled
business partner.
A policyowner would like to change the beneficiary on an Accidental Death and Dismemberment
(AD&D) insurance policy and make the change permanent. Which type of designation would
fulfill this need? - (answer)Irrevocable
P and Q are married and have three children. P is the primary beneficiary on Q's Accidental
Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q,
and R are involved in a car accident and Q and R are killed instantly. The Accidental Death
benefits will be paid to - (answer)P only
, In this situation, benefits will be paid to P because P survived the accident and is the primary
beneficiary.
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? -
(answer)Reimbursement
When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is
known as reimbursement.
Which of the following claims are typically excluded from Medical expense policies? -
(answer)Intentionally self-inflicted injuries
Medical expense policies usually EXCLUDE coverage for claims resulting from treatment of
intentionally self-inflicted injuries.
Which of the following statements is correct regarding an employer/employee group health plan?
- (answer)the employer receives a master policy and the employees receive certificates
Which statement is TRUE regarding a group accident & health policy issued to an employer? -
(answer)The employer receives the policy and each employee is issued a certificate
With a group accident and health plan, a master policy is issued to the employer and each
employee receives a certificate of insurance.
