Page 1 of 69
North Carolina Health Insurance EXAM LATEST
VERSION WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS JUST RELEASED THIS YEAR
Question: If the commissioner denies an initial application for an agent, how long does the
applicant have to request a review after receiving notification of the denial?
A. 10 days
B. 20 days
C. 30 days
D. 45 days - CORRECT ANSWER✔✔C.
Question: What is the purpose of COBRA?
A. To provide continuation of coverage for terminated employees
B. To provide coverage for the dependents
C. To provide health coverage for people with low income
D. To protect the insured's against insolvent insurers - CORRECT ANSWER✔✔A.
1
SUCCESS!
,Page 2 of 69
Question: An applicant for an individual health policy failed to complete the application
properly. Before being able to complete the application and pay the initial premium, she is
confined to a hospital. This will not be covered by insurance because she has not met the
condition specified in the
A. Insuring clause
B. Pre-existing conditions clause
C. Eligibility clause
D. Consideration clause - CORRECT ANSWER✔✔D.
Question: Which of the following best describes a misrepresentation?
A. Making a deceptive or untrue statement about a person engaged in the insurance business
B. Making a maliciously critical statement that is intended to injure another person
C. Discriminating among individuals of the same insuring class
D. Issuing sales material with exaggerate statements about policy benefits - CORRECT
ANSWER✔✔D.
2
SUCCESS!
,Page 3 of 69
Question: Regarding the taxation of business overhead policies,
A. Premiums are not deductible, but expenses paid are deductible
B. Premiums are deductible, and benefits are taxed
C. Premiums are not deductible, and benefits are taxed
D. Premiums are not deductible, but benefits are deductible - CORRECT ANSWER✔✔B.
Question: The minimum number of credits required for partially insured status for Social
Security disability benefits is
A. 4 credits
B. 6 credits
C. 10 credits
D. 40 credits - CORRECT ANSWER✔✔B.
Question: An agent represents the
A. Insured
B. Beneficiaries
3
SUCCESS!
, Page 4 of 69
C. Contingent beneficiaries
D. Insurer - CORRECT ANSWER✔✔D.
Question: Which of the following is NOT true about the conversion privilege under a group
health insurance policy?
A. The premium for an individual health insurance policy can be higher than that of the group
policy
B. An individual policy must provide the same benefits as the group insurance policy
C. An employee does not need to prove evidence of insurability
D. An employee can convert from group to individual insurance within 31 days of termination -
CORRECT ANSWER✔✔B.
Question: Which rider, when added to a disability income policy, provides for changes in the
benefits payable based on changes in the consumer price index?
A. Guaranteed insurability rider
B. Cost of living adjustment rider
C. Waiver of premium rider
4
SUCCESS!
North Carolina Health Insurance EXAM LATEST
VERSION WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS JUST RELEASED THIS YEAR
Question: If the commissioner denies an initial application for an agent, how long does the
applicant have to request a review after receiving notification of the denial?
A. 10 days
B. 20 days
C. 30 days
D. 45 days - CORRECT ANSWER✔✔C.
Question: What is the purpose of COBRA?
A. To provide continuation of coverage for terminated employees
B. To provide coverage for the dependents
C. To provide health coverage for people with low income
D. To protect the insured's against insolvent insurers - CORRECT ANSWER✔✔A.
1
SUCCESS!
,Page 2 of 69
Question: An applicant for an individual health policy failed to complete the application
properly. Before being able to complete the application and pay the initial premium, she is
confined to a hospital. This will not be covered by insurance because she has not met the
condition specified in the
A. Insuring clause
B. Pre-existing conditions clause
C. Eligibility clause
D. Consideration clause - CORRECT ANSWER✔✔D.
Question: Which of the following best describes a misrepresentation?
A. Making a deceptive or untrue statement about a person engaged in the insurance business
B. Making a maliciously critical statement that is intended to injure another person
C. Discriminating among individuals of the same insuring class
D. Issuing sales material with exaggerate statements about policy benefits - CORRECT
ANSWER✔✔D.
2
SUCCESS!
,Page 3 of 69
Question: Regarding the taxation of business overhead policies,
A. Premiums are not deductible, but expenses paid are deductible
B. Premiums are deductible, and benefits are taxed
C. Premiums are not deductible, and benefits are taxed
D. Premiums are not deductible, but benefits are deductible - CORRECT ANSWER✔✔B.
Question: The minimum number of credits required for partially insured status for Social
Security disability benefits is
A. 4 credits
B. 6 credits
C. 10 credits
D. 40 credits - CORRECT ANSWER✔✔B.
Question: An agent represents the
A. Insured
B. Beneficiaries
3
SUCCESS!
, Page 4 of 69
C. Contingent beneficiaries
D. Insurer - CORRECT ANSWER✔✔D.
Question: Which of the following is NOT true about the conversion privilege under a group
health insurance policy?
A. The premium for an individual health insurance policy can be higher than that of the group
policy
B. An individual policy must provide the same benefits as the group insurance policy
C. An employee does not need to prove evidence of insurability
D. An employee can convert from group to individual insurance within 31 days of termination -
CORRECT ANSWER✔✔B.
Question: Which rider, when added to a disability income policy, provides for changes in the
benefits payable based on changes in the consumer price index?
A. Guaranteed insurability rider
B. Cost of living adjustment rider
C. Waiver of premium rider
4
SUCCESS!
