NJ Accident and Health Producer Exam
Practice ACTUAL QUESTIONS AND
CORRECT ANSWERS
Which of the following occurs immediately after the application is submitted and the initial
premium is paid? - CORRECT ANSWERS✅✅the underwriting process begins
which option enables the insured to purchase additional disability income protection at
specified future dates at the applicable premium rate at the attained age at the time of future
purchase? - CORRECT ANSWERS✅✅guaranteed insurability
How do most disability policies handle the case of a recurrent disability occurring at least 90
days after the first claim? - CORRECT ANSWERS✅✅it must be handled as a new claim for
a new period of disability, requiring a new elimination period
in which type of insurance is individually purchased coverage commonly more economical
than group offered coverage? - CORRECT ANSWERS✅✅long term care insurance
in which of the following types of contracts is only one party legally required to do
something after the insured has completed the act of paying the premium? - CORRECT
ANSWERS✅✅unilateral
Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER
the time granted by the insurer, what is the maximum amount of time for reinstatement of the
policy? - CORRECT ANSWERS✅✅45 days
in a home healthcare benefit, all of the following are eligible expenses EXCEPT
A. physical, occupational, or speech therapy
B. blood transfusions
C. medical social services
D. Intermittent part time nursing care - CORRECT ANSWERS✅✅B. blood transfusions
, which of the following coverage types pays a monthly cash benefit following the elimination
period for total disability due to accident or sickness? - CORRECT ANSWERS✅✅disability
income insurance
which of the following refers to how often a premium is paid?
A. net
B. ratio
C. level
D. mode - CORRECT ANSWERS✅✅mode
Obtaining consumer information reports under false pretenses is prosecutable by which of the
following?
A. USA Patriot Act
B. state laws where the applicant lives
C. Fair Credit Reporting Act
D. Securities and Exchange Commission - CORRECT ANSWERS✅✅Fair Credit Reporting
Act
Which insurance plans are commonly offered through worksite (employer sponsored)
EXCEPT?
A. supplemental disability insurance
B. dental insurance
C. long term care insurance
D. medicare - CORRECT ANSWERS✅✅medicare
what is the primary purpose of the Health Reimbursement Accounts (HRAs)? - CORRECT
ANSWERS✅✅to assist covered employees with the payment of medical expenses on a high
deductible plan funded though pre-tax contributions
Practice ACTUAL QUESTIONS AND
CORRECT ANSWERS
Which of the following occurs immediately after the application is submitted and the initial
premium is paid? - CORRECT ANSWERS✅✅the underwriting process begins
which option enables the insured to purchase additional disability income protection at
specified future dates at the applicable premium rate at the attained age at the time of future
purchase? - CORRECT ANSWERS✅✅guaranteed insurability
How do most disability policies handle the case of a recurrent disability occurring at least 90
days after the first claim? - CORRECT ANSWERS✅✅it must be handled as a new claim for
a new period of disability, requiring a new elimination period
in which type of insurance is individually purchased coverage commonly more economical
than group offered coverage? - CORRECT ANSWERS✅✅long term care insurance
in which of the following types of contracts is only one party legally required to do
something after the insured has completed the act of paying the premium? - CORRECT
ANSWERS✅✅unilateral
Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER
the time granted by the insurer, what is the maximum amount of time for reinstatement of the
policy? - CORRECT ANSWERS✅✅45 days
in a home healthcare benefit, all of the following are eligible expenses EXCEPT
A. physical, occupational, or speech therapy
B. blood transfusions
C. medical social services
D. Intermittent part time nursing care - CORRECT ANSWERS✅✅B. blood transfusions
, which of the following coverage types pays a monthly cash benefit following the elimination
period for total disability due to accident or sickness? - CORRECT ANSWERS✅✅disability
income insurance
which of the following refers to how often a premium is paid?
A. net
B. ratio
C. level
D. mode - CORRECT ANSWERS✅✅mode
Obtaining consumer information reports under false pretenses is prosecutable by which of the
following?
A. USA Patriot Act
B. state laws where the applicant lives
C. Fair Credit Reporting Act
D. Securities and Exchange Commission - CORRECT ANSWERS✅✅Fair Credit Reporting
Act
Which insurance plans are commonly offered through worksite (employer sponsored)
EXCEPT?
A. supplemental disability insurance
B. dental insurance
C. long term care insurance
D. medicare - CORRECT ANSWERS✅✅medicare
what is the primary purpose of the Health Reimbursement Accounts (HRAs)? - CORRECT
ANSWERS✅✅to assist covered employees with the payment of medical expenses on a high
deductible plan funded though pre-tax contributions
