COLORADO HEALTH INSURANCE EXAM
QUESTIONS AND ANSWERS 100% CORRECT!!
,The Consideration clause in an accident and health policy states the:
A.the applicant pays the initial premium
A.
the applicant pays the initial premium
B.conditions under which benefits are paid
B.
conditions under which benefits are paid
C.premiums will be refunded during the free look period
C.
premiums will be refunded during the free look period
D.certain claims will be excluded under the policy
D.
certain claims will be excluded under the policy - ANSWER A
An insurer must provide claim forms to an insured within a MAXIMUM of how many
days after receiving notice of an Accident & Health claim?
A.Five
B.Fifteen
C.Twenty
D.Thirty - ANSWER B
A precertification review prior to a nonemergency hospitalization is an example of:
A.managed care
B.Medicaid
C.Medicare
D.Disability Income - ANSWER A
In which of the following health policies are both the renewability and the premiums
guaranteed?
A.Noncancellable
A.
Noncancellable
B.Optionally Renewable
B.
Optionally Renewable
C.Guaranteed Renewable
C.
, Guaranteed Renewable
D.Conditionally Renewable
D.
Conditionally Renewable - ANSWER A
Which of the following laws requires an insurer to notify an applicant in writing that an
investigative consumer report may be made on the applicant?
A.Uniform Provisions Law
A.
Uniform Provisions Law
B.Freedom of Information Act
B.
Freedom of Information Act
C.Medical Information Bureau Disclosure Act
C.
Medical Information Bureau Disclosure Act
D.Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
D.
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - ANSWER
D
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT:
A.collect any premiums due
A.
collect any premiums due
B.fully explain all exclusions and/or riders
B.
fully explain all exclusions and/or riders
C.keep the policy in the producer's office for safe-keeping on behalf of the client
C.
keep the policy in the producer's office for safe-keeping on behalf of the client
D.review all benefits provided by the policy
D.
review all benefits provided by the policy - ANSWER C
An Accident and Health policy Notice of Claim provision requires that an insured give
written notice to the insurer within a MAXIMUM of how many days after a loss?
A.15
A.
15
QUESTIONS AND ANSWERS 100% CORRECT!!
,The Consideration clause in an accident and health policy states the:
A.the applicant pays the initial premium
A.
the applicant pays the initial premium
B.conditions under which benefits are paid
B.
conditions under which benefits are paid
C.premiums will be refunded during the free look period
C.
premiums will be refunded during the free look period
D.certain claims will be excluded under the policy
D.
certain claims will be excluded under the policy - ANSWER A
An insurer must provide claim forms to an insured within a MAXIMUM of how many
days after receiving notice of an Accident & Health claim?
A.Five
B.Fifteen
C.Twenty
D.Thirty - ANSWER B
A precertification review prior to a nonemergency hospitalization is an example of:
A.managed care
B.Medicaid
C.Medicare
D.Disability Income - ANSWER A
In which of the following health policies are both the renewability and the premiums
guaranteed?
A.Noncancellable
A.
Noncancellable
B.Optionally Renewable
B.
Optionally Renewable
C.Guaranteed Renewable
C.
, Guaranteed Renewable
D.Conditionally Renewable
D.
Conditionally Renewable - ANSWER A
Which of the following laws requires an insurer to notify an applicant in writing that an
investigative consumer report may be made on the applicant?
A.Uniform Provisions Law
A.
Uniform Provisions Law
B.Freedom of Information Act
B.
Freedom of Information Act
C.Medical Information Bureau Disclosure Act
C.
Medical Information Bureau Disclosure Act
D.Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
D.
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - ANSWER
D
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT:
A.collect any premiums due
A.
collect any premiums due
B.fully explain all exclusions and/or riders
B.
fully explain all exclusions and/or riders
C.keep the policy in the producer's office for safe-keeping on behalf of the client
C.
keep the policy in the producer's office for safe-keeping on behalf of the client
D.review all benefits provided by the policy
D.
review all benefits provided by the policy - ANSWER C
An Accident and Health policy Notice of Claim provision requires that an insured give
written notice to the insurer within a MAXIMUM of how many days after a loss?
A.15
A.
15
