NJ Accident and Health
Producer Exam WITH CORRECT
AND VERRIFIED ANSWERS
which policy provision permits the policy owner to take a specified number of days to
examine the contract, and allows for cancellation and a full refund if the policy owner
rejects the terms or costs? - ANSWER: >>>>/free look
The following statements define pre-existing conditions EXCEPT
A. any health condition that existed before the effective date of the policy for which the
insured sought treatment.
B. any chronic health condition that presents symptoms and which was unknown at the
time of application.
C. any chronic health condition disclosed on the application that coverage is excluded
for.
D. any symptom that would cause a reasonable and prudent person to seek diagnosis
and medical treatment. - ANSWER: >>>>/B. any chronic health condition that presents
symptoms and which was unknown at the time of application.
which of the following coverage types pays a monthly cash benefit following the
elimination period for total disability due to accident or sickness? - ANSWER:
>>>>/disability income insurance
which of the following refers to how often a premium is paid?
, A. net
B. ratio
C. level
D. mode - ANSWER: >>>>/mode
What is a MIB report? - ANSWER: >>>>/medical information on an applicant for assessing
life or health insurance risk
How are issues of ambiguity usually resolved because insurance contracts are
contracts of adhesion? - ANSWER: >>>>/In favor of the insured because the insurance
company drafts the language in the contract.
all of the following can be used to qualify for Medicare Parts A and B EXCEPT
A. permanent kidney failure
B. financial need
C. age
D. disability - ANSWER: >>>>/B. financial need
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 - ANSWER: >>>>/Fair Credit Reporting Act
Producer Exam WITH CORRECT
AND VERRIFIED ANSWERS
which policy provision permits the policy owner to take a specified number of days to
examine the contract, and allows for cancellation and a full refund if the policy owner
rejects the terms or costs? - ANSWER: >>>>/free look
The following statements define pre-existing conditions EXCEPT
A. any health condition that existed before the effective date of the policy for which the
insured sought treatment.
B. any chronic health condition that presents symptoms and which was unknown at the
time of application.
C. any chronic health condition disclosed on the application that coverage is excluded
for.
D. any symptom that would cause a reasonable and prudent person to seek diagnosis
and medical treatment. - ANSWER: >>>>/B. any chronic health condition that presents
symptoms and which was unknown at the time of application.
which of the following coverage types pays a monthly cash benefit following the
elimination period for total disability due to accident or sickness? - ANSWER:
>>>>/disability income insurance
which of the following refers to how often a premium is paid?
, A. net
B. ratio
C. level
D. mode - ANSWER: >>>>/mode
What is a MIB report? - ANSWER: >>>>/medical information on an applicant for assessing
life or health insurance risk
How are issues of ambiguity usually resolved because insurance contracts are
contracts of adhesion? - ANSWER: >>>>/In favor of the insured because the insurance
company drafts the language in the contract.
all of the following can be used to qualify for Medicare Parts A and B EXCEPT
A. permanent kidney failure
B. financial need
C. age
D. disability - ANSWER: >>>>/B. financial need
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 - ANSWER: >>>>/Fair Credit Reporting Act
