Health Insurance Exam Kentucky
(update) Questions and Correct
Answers,.
C. The insurer may increase the premium rate after the policy is in effect provided it
does so by classes of insureds - Correct answerAll of the following statements
about non-cancellable policies are true EXCEPT
A. A noncancellible police is also called a noncancellible and guaranteed renewable
policy
B. The only right to cancel the noncancellable policy is for nonpayment of premiums
C. The insurer may increase the premium rate after the policy is in effect provided it
does so by classes of insureds
D. the insurer may regain the right to cancel or not to renew when they insured reaches
and age specified in the policy
A. A factory worker fractures an elbow while working overtime - Correct
answerWhich of the following qualifies as a compensable injury under workers
compensation coverage?
A. A factory worker fractures an elbow while working overtime
B. An employee is struck by a car and seriously injured while walking back to work
following a lunch break
C. A worker is involved in an auto accident while driving to work
D. All of the above qualify
C. Information and privacy protection act - Correct answerWhich of the following
represents certain consumer safeguards enacted by states and pattered after a model
act developed by NAIC?
A. Fair credit reporting Act
B. the MIB
C. Information and privacy protection act
D. COBRA
,B. elective indemnity benefit - Correct answerThe optional short term disability
income benefit that pays a lump sum for specified injuries is called the
A. hospital income benefit
B. elective indemnity benefit
C. supplemental income benefit
D. partial disability benefit
B. health maintenance organization - Correct answerThe type of health care
provider that provides birth the health care services and the healthy care coverage is
A. Preferred provider organization
B. Health maintenance organization
C. Blue cross/blue shield organization
D. Traditional health insurance company
B. Limited Policies - Correct answerDread disease, travel accident, vision care,
and hospital indemnity policies are all examples of
A. ltc policies
B. limited policies
C. group policies
D. blanket policies
D. People with any life threatening condition - Correct answerWhich 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
D. Authorized Company - Correct answerA company that I licensed to sell
insurance in a particular state is
A. domestic
B. Alien
C. non admitted company
D. Authorized comany
, A. Cancel the policy - Correct answerOptional 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.
Stop-Loss Limit - Correct answerWhat term describes the concept that the
insurer and the insured share in the cost of medical expenses, with the insurer bearing
the greater share?
D. The master policy owner - Correct answerWith 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
B. Trent is the contingent beneficiary and Nancy is the primary beneficiary. - Correct
answerTrent 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.
(update) Questions and Correct
Answers,.
C. The insurer may increase the premium rate after the policy is in effect provided it
does so by classes of insureds - Correct answerAll of the following statements
about non-cancellable policies are true EXCEPT
A. A noncancellible police is also called a noncancellible and guaranteed renewable
policy
B. The only right to cancel the noncancellable policy is for nonpayment of premiums
C. The insurer may increase the premium rate after the policy is in effect provided it
does so by classes of insureds
D. the insurer may regain the right to cancel or not to renew when they insured reaches
and age specified in the policy
A. A factory worker fractures an elbow while working overtime - Correct
answerWhich of the following qualifies as a compensable injury under workers
compensation coverage?
A. A factory worker fractures an elbow while working overtime
B. An employee is struck by a car and seriously injured while walking back to work
following a lunch break
C. A worker is involved in an auto accident while driving to work
D. All of the above qualify
C. Information and privacy protection act - Correct answerWhich of the following
represents certain consumer safeguards enacted by states and pattered after a model
act developed by NAIC?
A. Fair credit reporting Act
B. the MIB
C. Information and privacy protection act
D. COBRA
,B. elective indemnity benefit - Correct answerThe optional short term disability
income benefit that pays a lump sum for specified injuries is called the
A. hospital income benefit
B. elective indemnity benefit
C. supplemental income benefit
D. partial disability benefit
B. health maintenance organization - Correct answerThe type of health care
provider that provides birth the health care services and the healthy care coverage is
A. Preferred provider organization
B. Health maintenance organization
C. Blue cross/blue shield organization
D. Traditional health insurance company
B. Limited Policies - Correct answerDread disease, travel accident, vision care,
and hospital indemnity policies are all examples of
A. ltc policies
B. limited policies
C. group policies
D. blanket policies
D. People with any life threatening condition - Correct answerWhich 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
D. Authorized Company - Correct answerA company that I licensed to sell
insurance in a particular state is
A. domestic
B. Alien
C. non admitted company
D. Authorized comany
, A. Cancel the policy - Correct answerOptional 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.
Stop-Loss Limit - Correct answerWhat term describes the concept that the
insurer and the insured share in the cost of medical expenses, with the insurer bearing
the greater share?
D. The master policy owner - Correct answerWith 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
B. Trent is the contingent beneficiary and Nancy is the primary beneficiary. - Correct
answerTrent 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.
