Comprehensive Final Certification
Exam Illinois Health Insurance (Xcel
Solutions) Questions & Answers14
Which type of long-term care benefit would be most appropriate for a stroke victim who
requires speech therapy administered at her home? - ANSWERS-home health care
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year.
Her health policy most likely contains a(n) - ANSWERS-deductible
When a producer submits an insurance applicaton, the application is REQUIRED to contain the
producer's - ANSWERS-name and address
Which of these provisions is required under an inidvidual Accident and Health policy? -
ANSWERS-renewal, continuation, or nonrenewal provision
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution
to an HSA? - ANSWERS-it would be considered taxable income to the employee
If an insurance company issues a Disability Income policy that it cannot cancel or for which it
cannot increase premiums, the type of renewability that best desribes this policy is called -
ANSWERS-noncancellable
What should an insured do if the insurer does not send claims forms within the time period set
forth in a health policy's Claims Forms provision? - ANSWERS-submit the claim in any form
Kathy pays a monthly premium on her health insurance policy. How long is her grace period? -
ANSWERS-10 days
, All of the following statements correctly describe the purpose of Social Security EXCEPT -
ANSWERS-it provides a source of income for a meaningful standard of living during retirement
Ted has a health insurance plan that requires him to pay a specific sum out of pocket before any
benefits are paid in a calendar year. Which of these does his health plan have? - ANSWERS-
Calendar-year deductible
A policyowner decides to cancel an insurance policy within 90 days of the issue date. As a result
of this cancellation, the producer is REQUIRED to refund a prorated portion of any fee charged
within __ days of recieving the cancellation notice - ANSWERS-30
A(n) _____lines producer may sell Travel Accident insurance in Illinois - ANSWERS-limited
Benefits provided by a Medicare Supplement policy must NOT - ANSWERS-duplicate Medicare
benefits
Which of these would NOT be considered a presumptive disability? - ANSWERS-loss of a leg or
arm
When does a health insurance policy typically become effective? - ANSWERS-when initial
premium is collected and policy is issued
An insurer must furnish to a claimaint forms for filing proof of loss within __ days upon recieving
a notice of claim - ANSWERS-15
When an insured changes to a more hazardous occupation, which disability policy provision
allows an insurer to adjust policy benefits and rates? - ANSWERS-change of occupation
provision
Exam Illinois Health Insurance (Xcel
Solutions) Questions & Answers14
Which type of long-term care benefit would be most appropriate for a stroke victim who
requires speech therapy administered at her home? - ANSWERS-home health care
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year.
Her health policy most likely contains a(n) - ANSWERS-deductible
When a producer submits an insurance applicaton, the application is REQUIRED to contain the
producer's - ANSWERS-name and address
Which of these provisions is required under an inidvidual Accident and Health policy? -
ANSWERS-renewal, continuation, or nonrenewal provision
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution
to an HSA? - ANSWERS-it would be considered taxable income to the employee
If an insurance company issues a Disability Income policy that it cannot cancel or for which it
cannot increase premiums, the type of renewability that best desribes this policy is called -
ANSWERS-noncancellable
What should an insured do if the insurer does not send claims forms within the time period set
forth in a health policy's Claims Forms provision? - ANSWERS-submit the claim in any form
Kathy pays a monthly premium on her health insurance policy. How long is her grace period? -
ANSWERS-10 days
, All of the following statements correctly describe the purpose of Social Security EXCEPT -
ANSWERS-it provides a source of income for a meaningful standard of living during retirement
Ted has a health insurance plan that requires him to pay a specific sum out of pocket before any
benefits are paid in a calendar year. Which of these does his health plan have? - ANSWERS-
Calendar-year deductible
A policyowner decides to cancel an insurance policy within 90 days of the issue date. As a result
of this cancellation, the producer is REQUIRED to refund a prorated portion of any fee charged
within __ days of recieving the cancellation notice - ANSWERS-30
A(n) _____lines producer may sell Travel Accident insurance in Illinois - ANSWERS-limited
Benefits provided by a Medicare Supplement policy must NOT - ANSWERS-duplicate Medicare
benefits
Which of these would NOT be considered a presumptive disability? - ANSWERS-loss of a leg or
arm
When does a health insurance policy typically become effective? - ANSWERS-when initial
premium is collected and policy is issued
An insurer must furnish to a claimaint forms for filing proof of loss within __ days upon recieving
a notice of claim - ANSWERS-15
When an insured changes to a more hazardous occupation, which disability policy provision
allows an insurer to adjust policy benefits and rates? - ANSWERS-change of occupation
provision
