Nebraska Life and Health License Exam Questions and Answers 100% Pass

Nebraska Life and Health License Exam Questions and Answers 100% Pass Before delivering a health insurance policy to a client, the producer alters the insuring clause in a way that he believes will benefit the insurance company. Which of the following statements is true about this alteration? - Answer- It is prohibited by the entire contract provision Which organization offers health insurance to Nebraska residents who are denied health insurance and unable to obtain coverage from private companies due to pre- existing medical conditions? - Answer- Nebraska Comprehensive Health Insurance Pool Newborn children are automatically covered under an insured's individual health insurance policy for how long? - Answer- from birth to 31 days As beneficiary of her husband's life insurance, Beth chooses to receive payments for life. However, she is guaranteed that the payments will be made for ten years. Beth has chosen which of the following? - Answer- life income with period certain Which method of determining the benefit amount is most common in individual disability income policies? - Answer- flat amount Which statement describes the "pool of money" approach to benefits under a long-term care insurance policy? - Answer- Benefits are defined as a total sum of money from which money can be drawn in any amount for as long as the money lasts. Which statement best describes the restrictions an insurer must operate under when using information from the MIB? - Answer- Insurers cannot rate or decline a life insurance applicant based solely on MIB information. Which of the following must HMO members use to receive covered care? - Answer- HMO's network of providers and caregivers Which statement is correct about a buy-up option in a disability income insurance policy for professionals? - Answer- It lets the insured buy more coverage in the future without evidence of insurability. Bill believes he has a cause of action against his health insurer for its refusal to pay benefits on a claim. He filed written proof of loss on April 1. Not having received a response by May 1, he decides to take legal action. What will his attorney probably do? - Answer- advise him to wait For tax purposes, a self-employed person includes all of the following, EXCEPT: - Answer- an incorporated business owner