NV Health Final Exam 1 Questions and Answers 100% Correct(GRADED A+)

Which law requires the applicant be notified before a consumer report is ordered: - ANSWER-Fair Credit Reporting Act The Insuring Clause of an A&H policy usually states all of the following, EXCEPT: A. That insurance against loss is provided B. That a loss must result directly from stated accidents or sicknesses C. The method of premium payment D. The identities of the insurance company and the insured - ANSWER-C. The method of premium payment Which of the following statements about Medicare is/are true? I. Payments are made directly to the hospital providing services rather than to the insured II. Benefits can continue beyond the hospitalization period - ANSWER-Correct Answer: Both I and II The Misstatement of Age provision gives the insurance company the right to: A. Bring suit for fraud B. Cancel the contract C. Adjust benefits payable D. Reduce dividends payable - ANSWER-C. Adjust benefits payable Which of the following statements about group A&H provisions and practices is/are true? I. Insurance company practices are generally less liberal under Group policies than under Individual policies II. Experience rating is generally utilized under Group policies - ANSWER-Correct Answer: II only A&H insurance provides coverage for sickness and injury that includes which of the following benefits? I. Income benefits due to loss of time from work II. Benefit payments for hospital care - ANSWER-Correct Answer: Both I and II Explanation