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KENTUCKY HEALTH INSURANCE EXAM LATEST
WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+
The full premium was submitted with the application for
life insurance, and the policy was issued two weeks later
as requested. When does the policy become effective?
A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - .....ANSWER ...✔✔ A.
As of the application date
All of the following are true about group disability
income insurance EXCEPT: A. The waiting period starts at
the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - .....ANSWER
...✔✔ C. Coverage applies both on and off the job.
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Under the age discrimination in employment act, if the
obligation of the employer to provide retiree health
benefits, what will an individual younger than 65
receive in benefits each year? A. one-fourth of the
benefits required under the social security act. B. at least
10,000. C. At least the value of the Social Security
Benefits. D. The minimum established by the employer -
.....ANSWER ...✔✔ C. At least the value of the Social
Security benefits
Disability income policies can provide coverage for a
loss of income when returning to work only part-time
after recovering from total disability. What is the
benefit that is based on the insured's loss of earnings
after recovery from a disability? A. recurrent disability
B. partial disability C. income replacement D. Residual
disability - .....ANSWER ...✔✔ D. Residual disability
A producer is acting in what capacity when he or she is
trying to obtain credible information about an applicant
for health insurance? A. office underwriter B. General
agent C. Consumer report investigator D. Field
underwriter - .....ANSWER ...✔✔ D. Field underwriter
Which of the following riders would NOT increase the
premium for a policyowner? A. impairment rider B.
payor benefit rider C. Waiver of premium rider D.
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Multiple indemnity rider - .....ANSWER ...✔✔ A.
impairment rider
An insured wants to name her husband as the
beneficiary of her health policy. She also wishes to
retain all of the rights of ownership. The insured should
have her husband named as what type of beneficiary?
A. Contingent B. Irrevocable C. Revocable D. Primary -
.....ANSWER ...✔✔ C. Revocable
Guarantee of insurability option in long-term care
policies allows the insured to: A. Secure the policy's
nonforfeiture values regardless of the insured's age or
health status. A. Secure the policy's value regardless of
the insured's age or health status. B. Increase benefit
levels without providing proof of insurability. C. Add
dependents to the plan without providing proof of their
insurability. D. Replace the existing LTC policy based on
the original underwriting. - .....ANSWER ...✔✔ B.
Increase benefit levels without providing proof of
insurability.
What is the maximum age for qualifying for a
catastrophic plan? A. 26 B. 30 C. 45 D. 62 -
.....ANSWER ...✔✔ B. 30
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Which type of dental care would cover operative
treatment of the mouth? A. Endodontics B. Orthodontics
C. Oral surgery D. Restoratvie - .....ANSWER ...✔✔ C.
Oral surgery
Under a key person disability income policy, premium
payments... A. Are made by the business and are tax-
deductible B. Are made by the business and are not tax
deductible. C. Are made by the employee and are not
tax deductible D. Are made by the employee and are
tax free. - .....ANSWER ...✔✔ B. Are made by the
business and are not tax deductible.
Premium payments for personally-owned disability
income policies are... A. Tax deductible to the extent
that they exceed 10% of the adjusted gross income of
those itemizing deductions. B. When the premiums and
other unreimbursed medical expenses exceed 5% of the
employee's adjusted gross income. D. An employee's
group medical benefits are generally exempt from
taxation as income. - .....ANSWER ...✔✔ D. An
employee's group medical benefits are generally
exempt from taxation as income.
A business entity acting as an agent is required to
obtain what kind of license? A. an adjuster's license B. A
KENTUCKY HEALTH INSURANCE EXAM LATEST
WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+
The full premium was submitted with the application for
life insurance, and the policy was issued two weeks later
as requested. When does the policy become effective?
A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - .....ANSWER ...✔✔ A.
As of the application date
All of the following are true about group disability
income insurance EXCEPT: A. The waiting period starts at
the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - .....ANSWER
...✔✔ C. Coverage applies both on and off the job.
,2|Page
Under the age discrimination in employment act, if the
obligation of the employer to provide retiree health
benefits, what will an individual younger than 65
receive in benefits each year? A. one-fourth of the
benefits required under the social security act. B. at least
10,000. C. At least the value of the Social Security
Benefits. D. The minimum established by the employer -
.....ANSWER ...✔✔ C. At least the value of the Social
Security benefits
Disability income policies can provide coverage for a
loss of income when returning to work only part-time
after recovering from total disability. What is the
benefit that is based on the insured's loss of earnings
after recovery from a disability? A. recurrent disability
B. partial disability C. income replacement D. Residual
disability - .....ANSWER ...✔✔ D. Residual disability
A producer is acting in what capacity when he or she is
trying to obtain credible information about an applicant
for health insurance? A. office underwriter B. General
agent C. Consumer report investigator D. Field
underwriter - .....ANSWER ...✔✔ D. Field underwriter
Which of the following riders would NOT increase the
premium for a policyowner? A. impairment rider B.
payor benefit rider C. Waiver of premium rider D.
,3|Page
Multiple indemnity rider - .....ANSWER ...✔✔ A.
impairment rider
An insured wants to name her husband as the
beneficiary of her health policy. She also wishes to
retain all of the rights of ownership. The insured should
have her husband named as what type of beneficiary?
A. Contingent B. Irrevocable C. Revocable D. Primary -
.....ANSWER ...✔✔ C. Revocable
Guarantee of insurability option in long-term care
policies allows the insured to: A. Secure the policy's
nonforfeiture values regardless of the insured's age or
health status. A. Secure the policy's value regardless of
the insured's age or health status. B. Increase benefit
levels without providing proof of insurability. C. Add
dependents to the plan without providing proof of their
insurability. D. Replace the existing LTC policy based on
the original underwriting. - .....ANSWER ...✔✔ B.
Increase benefit levels without providing proof of
insurability.
What is the maximum age for qualifying for a
catastrophic plan? A. 26 B. 30 C. 45 D. 62 -
.....ANSWER ...✔✔ B. 30
, 4|Page
Which type of dental care would cover operative
treatment of the mouth? A. Endodontics B. Orthodontics
C. Oral surgery D. Restoratvie - .....ANSWER ...✔✔ C.
Oral surgery
Under a key person disability income policy, premium
payments... A. Are made by the business and are tax-
deductible B. Are made by the business and are not tax
deductible. C. Are made by the employee and are not
tax deductible D. Are made by the employee and are
tax free. - .....ANSWER ...✔✔ B. Are made by the
business and are not tax deductible.
Premium payments for personally-owned disability
income policies are... A. Tax deductible to the extent
that they exceed 10% of the adjusted gross income of
those itemizing deductions. B. When the premiums and
other unreimbursed medical expenses exceed 5% of the
employee's adjusted gross income. D. An employee's
group medical benefits are generally exempt from
taxation as income. - .....ANSWER ...✔✔ D. An
employee's group medical benefits are generally
exempt from taxation as income.
A business entity acting as an agent is required to
obtain what kind of license? A. an adjuster's license B. A
