CA LIFE ACCIDENT AND HEALTH
EXAM 2024 ACTUAL EXAM
COMPLETE 300 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT) / ALREADY GRADED A+
joe dies before his annuity has been paid out equal
to the purchase price of the annuity, so the
beneficiary recieves payments until that amount has
been reached. this is a ___ life annuity -
....ANSWER...refund
a universal life policy with a back end load, makes a
service charge when the policy is _____. -
....ANSWER...surrenedered
an indeterminate premium policy offers a ___ initial
premium with succeeding premiums based on the
companies investment return mortality and
expenses - ....ANSWER...low
,in many jurisdictions permanent policies are
required to have some cash value by the end of the
policies ___ year - ....ANSWER...3rd
a ____ provides both health care services and
healthcare coverage - ....ANSWER...HMO
are people with life threatening conditions eligible
for medicare coverage? - ....ANSWER...No
the ____ of _____ is designed to give insureds as
much coverage as possible while eliminating
overinsurance. - ....ANSWER...coordination of
benefits
the health care system operated by the department
of defense to cover active and retired military
personnel is known as - ....ANSWER...TRICARE
LTC policies are ___ likely to pay benefits regardless
of the level of care required by the insured -
....ANSWER...more
,primary support for medicare part A comes from
________ payroll taxes - ....ANSWER...social security
compared with individual disability income policies,
group disability income policies are generally ___
costly and have ___ liberal provisions. -
....ANSWER...Less, more
Which policies were standardized to help consumers
make informed decisions? - ....ANSWER...medigap
a major medical policy states a maximum number of
days for which convalescent care will be paid and a
max number of x rays that will be paid for any one
claim, these are ___. - ....ANSWER...inside limits
a HMO in certain city contracts with an independent
medical group to provide services to HMO
subscribers, the HMO pays the group organization
rather than the individual practitioners, this is a ___
model. - ....ANSWER...group
in a disability policy there is a period during no
benefits will be paid for illness of any kind, this is
called the ____ period. - ....ANSWER...probationary
, the usual payment arrangement under a ____
contract is fee for each service. - ....ANSWER...PPO
bobs company is located in Ca but he gets hurt while
on work in Nevada, his workers compensation is
____. - ....ANSWER...elective
a health policy that the insurer may choose not to
renew the policy on the premium due date is an ____
renewable policy - ....ANSWER...optionally
second surgical opinions, pre certification,
concurrent reviews, outpatient/ambulatory services
are elements of a cost containment system known
as - ....ANSWER...case management
when does restoration of benefits occur? after a
specified dollar amount of benefits has been -
....ANSWER...exhausted
the medical information bureau (MIB) is a nonprofit
organization supported by - ....ANSWER...insurance
companies
EXAM 2024 ACTUAL EXAM
COMPLETE 300 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT) / ALREADY GRADED A+
joe dies before his annuity has been paid out equal
to the purchase price of the annuity, so the
beneficiary recieves payments until that amount has
been reached. this is a ___ life annuity -
....ANSWER...refund
a universal life policy with a back end load, makes a
service charge when the policy is _____. -
....ANSWER...surrenedered
an indeterminate premium policy offers a ___ initial
premium with succeeding premiums based on the
companies investment return mortality and
expenses - ....ANSWER...low
,in many jurisdictions permanent policies are
required to have some cash value by the end of the
policies ___ year - ....ANSWER...3rd
a ____ provides both health care services and
healthcare coverage - ....ANSWER...HMO
are people with life threatening conditions eligible
for medicare coverage? - ....ANSWER...No
the ____ of _____ is designed to give insureds as
much coverage as possible while eliminating
overinsurance. - ....ANSWER...coordination of
benefits
the health care system operated by the department
of defense to cover active and retired military
personnel is known as - ....ANSWER...TRICARE
LTC policies are ___ likely to pay benefits regardless
of the level of care required by the insured -
....ANSWER...more
,primary support for medicare part A comes from
________ payroll taxes - ....ANSWER...social security
compared with individual disability income policies,
group disability income policies are generally ___
costly and have ___ liberal provisions. -
....ANSWER...Less, more
Which policies were standardized to help consumers
make informed decisions? - ....ANSWER...medigap
a major medical policy states a maximum number of
days for which convalescent care will be paid and a
max number of x rays that will be paid for any one
claim, these are ___. - ....ANSWER...inside limits
a HMO in certain city contracts with an independent
medical group to provide services to HMO
subscribers, the HMO pays the group organization
rather than the individual practitioners, this is a ___
model. - ....ANSWER...group
in a disability policy there is a period during no
benefits will be paid for illness of any kind, this is
called the ____ period. - ....ANSWER...probationary
, the usual payment arrangement under a ____
contract is fee for each service. - ....ANSWER...PPO
bobs company is located in Ca but he gets hurt while
on work in Nevada, his workers compensation is
____. - ....ANSWER...elective
a health policy that the insurer may choose not to
renew the policy on the premium due date is an ____
renewable policy - ....ANSWER...optionally
second surgical opinions, pre certification,
concurrent reviews, outpatient/ambulatory services
are elements of a cost containment system known
as - ....ANSWER...case management
when does restoration of benefits occur? after a
specified dollar amount of benefits has been -
....ANSWER...exhausted
the medical information bureau (MIB) is a nonprofit
organization supported by - ....ANSWER...insurance
companies
