Health Insurance – Questions With Answers
You must complete how many hours of LTC within how many months of the
initial course Correct Ans - 4 hr course within 24months and then
every 24 months
Which of the following laws requires an insurance company to notify an
applicant in writing that an investigative consumer report may be made on
the application? Correct Ans - Fair Credit Reporting Ace
To Trigger benefits under a LTC policy, the insured must be unable to
perform _______ of the 6 ADL's Correct Ans - 2
Under an accidental death and dismemberment (AD&D) policy, insurable
interest must exist at which of the following times? Correct Ans - At
the inception of the policy
When periodic claim payments are required, an insurance company must
make payments to an insured at least one every? Correct Ans -
Month
Which of the following expenses are generally covered under a major
medical policy? Correct Ans - Routine Physical Exams
Dave and Michele own a small interior design studio that employs six
people. The owners are concerned about the financial continuation of the
business if either of them should become permanently disabled. In this
situation, a producer would most likely recommend which of the following
types of policies? Correct Ans - Disability Buyout
Which of the following health policies requires a beneficiary designation?
Correct Ans - Travel Accident
Suicide, Pre-exisiting conditions and self-inflicted injuries are dealt with in
which of the following policy features? Correct Ans - Exclusions
What is not true about a basic hospital policy? Correct Ans - It
provides coverage for physician fees while an insured is hospitalized
You must complete how many hours of LTC within how many months of the
initial course Correct Ans - 4 hr course within 24months and then
every 24 months
Which of the following laws requires an insurance company to notify an
applicant in writing that an investigative consumer report may be made on
the application? Correct Ans - Fair Credit Reporting Ace
To Trigger benefits under a LTC policy, the insured must be unable to
perform _______ of the 6 ADL's Correct Ans - 2
Under an accidental death and dismemberment (AD&D) policy, insurable
interest must exist at which of the following times? Correct Ans - At
the inception of the policy
When periodic claim payments are required, an insurance company must
make payments to an insured at least one every? Correct Ans -
Month
Which of the following expenses are generally covered under a major
medical policy? Correct Ans - Routine Physical Exams
Dave and Michele own a small interior design studio that employs six
people. The owners are concerned about the financial continuation of the
business if either of them should become permanently disabled. In this
situation, a producer would most likely recommend which of the following
types of policies? Correct Ans - Disability Buyout
Which of the following health policies requires a beneficiary designation?
Correct Ans - Travel Accident
Suicide, Pre-exisiting conditions and self-inflicted injuries are dealt with in
which of the following policy features? Correct Ans - Exclusions
What is not true about a basic hospital policy? Correct Ans - It
provides coverage for physician fees while an insured is hospitalized
