Exam Simulator Colorado Accident and Health
General State Exam Simulator
1. Which of the following statements about Health Reimbursement Arrange-
ments (HRA) is correct?: If the employee paid for qualified medical
expenses, the reimbursements may be tax free.
2. Which parts of a health insurance policy are guaranteed to be true?:
warran- ty
3. What is usually excluded from medical expense policies?:
Intentionally self-inflicted injuries
4. insurable interest only needs to exist at the time of application.: F
5. Blue Cross/Blue Shield: non-profit organizations
6. reimbursement of benefits for the treatment of a beneficiary's injures
caused by a third party?: subrogation is the right for an insurer to
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, purse a third party the caused an insurance loss to the insured
7. accident policy will most likely pay a benefit for an: off-the-job-accident
8. deductibles are used in health policies to lower: coinsurance amount
9. must be renewed by the insurer and the premiums can only be increased
if applied to the entire class of insureds: guaranteed renewable
10.dental care indemnity coverage: services are reimbursed after
insurer re- ceives the invoice
11.agent authority: express, implied, and apparent
12.document NOT required to mention the Colorado fraud statute:
certificates of authority
13.which of these arrangements allows one to bypass insurable interest
laws?: investor-originated life insurance sometimes called stranger
originated life insurance is used to circumvent state insurable interest
statutes.
14.all of the following are considered to be typical characteristics
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General State Exam Simulator
1. Which of the following statements about Health Reimbursement Arrange-
ments (HRA) is correct?: If the employee paid for qualified medical
expenses, the reimbursements may be tax free.
2. Which parts of a health insurance policy are guaranteed to be true?:
warran- ty
3. What is usually excluded from medical expense policies?:
Intentionally self-inflicted injuries
4. insurable interest only needs to exist at the time of application.: F
5. Blue Cross/Blue Shield: non-profit organizations
6. reimbursement of benefits for the treatment of a beneficiary's injures
caused by a third party?: subrogation is the right for an insurer to
1/3
, purse a third party the caused an insurance loss to the insured
7. accident policy will most likely pay a benefit for an: off-the-job-accident
8. deductibles are used in health policies to lower: coinsurance amount
9. must be renewed by the insurer and the premiums can only be increased
if applied to the entire class of insureds: guaranteed renewable
10.dental care indemnity coverage: services are reimbursed after
insurer re- ceives the invoice
11.agent authority: express, implied, and apparent
12.document NOT required to mention the Colorado fraud statute:
certificates of authority
13.which of these arrangements allows one to bypass insurable interest
laws?: investor-originated life insurance sometimes called stranger
originated life insurance is used to circumvent state insurable interest
statutes.
14.all of the following are considered to be typical characteristics
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