Arkansas health licensing exam Questions
And Answers
A
R
U
LA
C
O
D
, Insurable Interest - ANS something of value that, if lost, would cause you financial harm
When delivering a policy what is the agents responsibility - ANS Collect payment
Unilateral Contract - ANS A one-sided contract wherein one party makes a promise
A
What is the minimum schedule of time in which payments must be made to the insured - ANS
Monthly
R
When an insured mistakes their age what must happen? - ANS adjust the claim benefits to
reflect the insurers true age.
U
stop-loss - ANS The specified dollar amount beyond which the insured no longer pays.
Who takes over insolvent insurance funds and management - ANS The department of
LA
insurance
Reciprocity - ANS mutual exchange of a producer over state lines
-can't prevent care
C
- have 30 days to provide evidence of coverage
- early detection - ANS HMO
O
Grace Period - ANS 7 days for a weekly payment methods
10 days for a monthly payment methods
D
31 days for all other payment methods
benefits schedule - ANS List of coverage and costs
Helps control specialists costs - ANS HMO gatekeeper
What coverage is not required to pay a deductible - ANS First dollar coverage
Insuring Clause - ANS The cause of eligible loss
And Answers
A
R
U
LA
C
O
D
, Insurable Interest - ANS something of value that, if lost, would cause you financial harm
When delivering a policy what is the agents responsibility - ANS Collect payment
Unilateral Contract - ANS A one-sided contract wherein one party makes a promise
A
What is the minimum schedule of time in which payments must be made to the insured - ANS
Monthly
R
When an insured mistakes their age what must happen? - ANS adjust the claim benefits to
reflect the insurers true age.
U
stop-loss - ANS The specified dollar amount beyond which the insured no longer pays.
Who takes over insolvent insurance funds and management - ANS The department of
LA
insurance
Reciprocity - ANS mutual exchange of a producer over state lines
-can't prevent care
C
- have 30 days to provide evidence of coverage
- early detection - ANS HMO
O
Grace Period - ANS 7 days for a weekly payment methods
10 days for a monthly payment methods
D
31 days for all other payment methods
benefits schedule - ANS List of coverage and costs
Helps control specialists costs - ANS HMO gatekeeper
What coverage is not required to pay a deductible - ANS First dollar coverage
Insuring Clause - ANS The cause of eligible loss
