NJ Health and Accident Questions and Answers 100% Pass

NJ Health and Accident Questions and Answers 100% Pass In what form do disability income policies typically pay benefits ✔✔Periodic income The Mandatory health policy provision states that the policy, including endorsements and attached papers , constitutes ✔✔The entire insurance contract between the parties The entire contract includes the actual policy and the ✔✔application employer sponsored group health insurance provides coverage for which of the following ✔✔Alcoholism The term which describes the fact that both parties of a contract may not receive the same value is referred to as ✔✔Aleatory Tom has a home health care benefit and is confined to his home. Which of these is NOT typically covered ✔✔Full-time nursing care A Medicare Supplement policy can be cancelled by the insurer for ✔✔Nonpayment Credit Accident and Health plans are designed to ✔✔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 ✔✔fee-for-service An insurance company ONLY pay a sales commission to ✔✔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? ✔✔$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 ✔✔100% of the billed amount What is the maximum fine for a producer violating an NJ insurance law for the first time? ✔✔$5000 A licensed producer is required to file notice to any changes of address within how many days ✔✔30 days Jonas has disabili ty insurance through his employer. The employer pays 75% of the premium, and Jonas pays the other 25%. What is Jonas's tax liability for any benefits paid from the disability plan? ✔✔Taxes must be paid on 75% of the benefits received After an insured give s notice of loss, what must he/she do if the insurer does not furnish forms? ✔✔File written proof of loss Which of the following is an example of the insured's consideration? ✔✔A paid premium A(n) _______ insurance company is one that was formed under the laws of a state other than NJ ✔✔Foreign