NV Health Final Exam 2
A customer buys AD&D with a $10,000 major sum and a $5,000 capital sum. He dies in a
aircraft crash 2 years later. How an awful lot will the coverage pay?
A. $five,000
B. $7,500
C. $10,000
D. $15,000 - ANS-Correct Answer: C. $10,000
Explanation:
AD&D has two elements. The predominant sum is what's paid if the insured dies in an accident.
The capital sum is what is paid for dismemberment. Never upload those numbers together!
A purchaser fails to say his youth history of hypersensitive reactions whilst he enrolls in his
organization's group fitness insurance, as it's been a long term considering he had an allergy
attack. If he now suffers an assault, the insurer will:
A. Deny the claim and keep the top class
B. Deny the declare and refund the top rate
C. Pay the claim
D. Deny the declare - ANS-Correct Answer: Pay the claim
Explanation:
Remember, fraud calls for purpose. There is no purpose to lie to in this question; subsequently
the insurer pays the claim.
A customer purchased Major Medical from you final month and would now like to feature AD&D
coverage. As a producer, you need to:
A. Meet with the client for my part and feature them entire the software
B. Complete via smartphone, signing the customer's call
C. Mail out the new application, making it powerful upon go back
D. Use the statistics you have already got on file to finish the utility - ANS-Correct Answer:
A. Meet with the client in my opinion and have them complete the application
A customer who has a $25,000 AD&D policy with triple indemnity dies of a coronary heart attack
even as going for walks. How plenty will the insurer pay?
A. 0
B. $50,000
C. $25,000
D. $75,000 - ANS-Correct Answer: 0 Accidental Death and Dismemberment
, A customer with Disability coverage is off paintings for 2 months and is going back to paintings
again. If his disability recurs, it can be protected as a:
A. Recurrent Disability
B. Residual Disability
C. Partial Disability
D. Temporary Disability - ANS-A. Recurrent Disability
A health practitioner, who become definitely disabled, goes returned to paintings making best
50% of his former profits due to his disability. His coverage will maintain to pay his loss if he has
what form of disability insurance:
A. Permanent
B. Partial
C. Residual
D. Recurrent - ANS-Correct Answer: C. Residual
A coverage is implemented for on September 14th, permitted on September 30th, issued on
October twelfth, and delivered on October 18th. When does the unfastened look start?
A. September 14th
B. September thirtieth
C. October twelfth
D. October 18th - ANS-Correct Answer: D. October 18th
A policy that should be renewed up to a sure age or date until distinct things occur is referred to
as:
A. Optionally Renewable
B. Non-cancelable
C. Conditionally Renewable
D. Guaranteed Renewable - ANS-D. Guaranteed Renewable
Explanation:
When the policy is speakme approximately renewability, it's miles referencing the following
coverage renewal date. There are three varieties of renewability: guaranteed, conditional and
optional. The handiest one which have to be renewed, up to age sixty five, is assured
renewability. The only reasons why the insurer ought to non-renew a assured renewable policy
is for non-charge of top class, or fraud. If the insured evolved terrible health and it became a
assured renewable coverage, it must be renewed. It can also get more steeply-priced every
year based totally upon magnificence of the insured (age, gender).
An applicant has a slight case of shingles however fails to say it on her software for Health
coverage due to the fact she did no longer think it became very essential. Five years later, she
becomes severely sick with this disease. What will the insurer do?
A. Pay the declare, but charge an additional top rate
B. Pay the claim, in view that fraud calls for the reason to mislead
C. Deny the claim
A customer buys AD&D with a $10,000 major sum and a $5,000 capital sum. He dies in a
aircraft crash 2 years later. How an awful lot will the coverage pay?
A. $five,000
B. $7,500
C. $10,000
D. $15,000 - ANS-Correct Answer: C. $10,000
Explanation:
AD&D has two elements. The predominant sum is what's paid if the insured dies in an accident.
The capital sum is what is paid for dismemberment. Never upload those numbers together!
A purchaser fails to say his youth history of hypersensitive reactions whilst he enrolls in his
organization's group fitness insurance, as it's been a long term considering he had an allergy
attack. If he now suffers an assault, the insurer will:
A. Deny the claim and keep the top class
B. Deny the declare and refund the top rate
C. Pay the claim
D. Deny the declare - ANS-Correct Answer: Pay the claim
Explanation:
Remember, fraud calls for purpose. There is no purpose to lie to in this question; subsequently
the insurer pays the claim.
A customer purchased Major Medical from you final month and would now like to feature AD&D
coverage. As a producer, you need to:
A. Meet with the client for my part and feature them entire the software
B. Complete via smartphone, signing the customer's call
C. Mail out the new application, making it powerful upon go back
D. Use the statistics you have already got on file to finish the utility - ANS-Correct Answer:
A. Meet with the client in my opinion and have them complete the application
A customer who has a $25,000 AD&D policy with triple indemnity dies of a coronary heart attack
even as going for walks. How plenty will the insurer pay?
A. 0
B. $50,000
C. $25,000
D. $75,000 - ANS-Correct Answer: 0 Accidental Death and Dismemberment
, A customer with Disability coverage is off paintings for 2 months and is going back to paintings
again. If his disability recurs, it can be protected as a:
A. Recurrent Disability
B. Residual Disability
C. Partial Disability
D. Temporary Disability - ANS-A. Recurrent Disability
A health practitioner, who become definitely disabled, goes returned to paintings making best
50% of his former profits due to his disability. His coverage will maintain to pay his loss if he has
what form of disability insurance:
A. Permanent
B. Partial
C. Residual
D. Recurrent - ANS-Correct Answer: C. Residual
A coverage is implemented for on September 14th, permitted on September 30th, issued on
October twelfth, and delivered on October 18th. When does the unfastened look start?
A. September 14th
B. September thirtieth
C. October twelfth
D. October 18th - ANS-Correct Answer: D. October 18th
A policy that should be renewed up to a sure age or date until distinct things occur is referred to
as:
A. Optionally Renewable
B. Non-cancelable
C. Conditionally Renewable
D. Guaranteed Renewable - ANS-D. Guaranteed Renewable
Explanation:
When the policy is speakme approximately renewability, it's miles referencing the following
coverage renewal date. There are three varieties of renewability: guaranteed, conditional and
optional. The handiest one which have to be renewed, up to age sixty five, is assured
renewability. The only reasons why the insurer ought to non-renew a assured renewable policy
is for non-charge of top class, or fraud. If the insured evolved terrible health and it became a
assured renewable coverage, it must be renewed. It can also get more steeply-priced every
year based totally upon magnificence of the insured (age, gender).
An applicant has a slight case of shingles however fails to say it on her software for Health
coverage due to the fact she did no longer think it became very essential. Five years later, she
becomes severely sick with this disease. What will the insurer do?
A. Pay the declare, but charge an additional top rate
B. Pay the claim, in view that fraud calls for the reason to mislead
C. Deny the claim
