NJ Health and Accident Exam Practice
Questions and Answers Already Graded
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Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech
therapy administered at her home? - SOLUTION-Home Health Care
What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to
do? - SOLUTION-In the event of employment termination, group health insurance can be kept if the
employee pays the premiums
In what form do disability income policies typically pay benefits - SOLUTION-Periodic income The
Mandatory health policy provision states that the policy, including endorsements and attached papers,
constitutes - SOLUTION-The entire insurance contract between the parties
, The entire contract includes the actual policy and the - SOLUTION-application
employer sponsored group health insurance provides coverage for which of the following - SOLUTION-
Alcoholism
The term which describes the fact that both parties of a contract may not receive the same value is
referred to as - SOLUTION-Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT typically covered
- SOLUTION-Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - SOLUTION-Nonpayment
Credit Accident and Health plans are designed to - SOLUTION-help pay off existing loans during periods
of disability
A payment system for health care in which the provider is paid for each service given is called -
SOLUTION-fee-for-service
An insurance company ONLY pay a sales commission to - SOLUTION-individuals licensed by the state
Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the
Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? - CORRECT
ANSWER-$5000 and 1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care
physician outside of the network, the subscriber will likely pay - SOLUTION-100% of the billed amount
What is the maximum fine for a producer violating an NJ insurance law for the first time? - SOLUTION-
$5000
Questions and Answers Already Graded
A+|100% Guarantee Pass!!!
Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech
therapy administered at her home? - SOLUTION-Home Health Care
What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to
do? - SOLUTION-In the event of employment termination, group health insurance can be kept if the
employee pays the premiums
In what form do disability income policies typically pay benefits - SOLUTION-Periodic income The
Mandatory health policy provision states that the policy, including endorsements and attached papers,
constitutes - SOLUTION-The entire insurance contract between the parties
, The entire contract includes the actual policy and the - SOLUTION-application
employer sponsored group health insurance provides coverage for which of the following - SOLUTION-
Alcoholism
The term which describes the fact that both parties of a contract may not receive the same value is
referred to as - SOLUTION-Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT typically covered
- SOLUTION-Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - SOLUTION-Nonpayment
Credit Accident and Health plans are designed to - SOLUTION-help pay off existing loans during periods
of disability
A payment system for health care in which the provider is paid for each service given is called -
SOLUTION-fee-for-service
An insurance company ONLY pay a sales commission to - SOLUTION-individuals licensed by the state
Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the
Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? - CORRECT
ANSWER-$5000 and 1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care
physician outside of the network, the subscriber will likely pay - SOLUTION-100% of the billed amount
What is the maximum fine for a producer violating an NJ insurance law for the first time? - SOLUTION-
$5000
