EXAM SIMULATOR - COLORADO ACCIDENT
AND HEALTH GENERAL STATE EXAM
SIMULATOR QUESTIONS WITH ALL
CORRECT & VERIFIED ANSWERS
Which of the following statements about Health Reimbursement Arrangements (HRA) is correct?
Correct answer-If the employee paid for qualified medical expenses, the reimbursements may be tax
free.
Which parts of a health insurance policy are guaranteed to be true? Correct answer-warranty
What is usually excluded from medical expense policies? Correct answer-Intentionally self-inflicted
injuries
insurable interest only needs to exist at the time of application. Correct answer-F
Blue Cross/Blue Shield Correct answer-non-profit organizations
reimbursement of benefits for the treatment of a beneficiary's injures caused by a third party?
Correct answer-subrogation is the right for an insurer to purse a third party the caused an insurance
loss to the insured
accident policy will most likely pay a benefit for an Correct answer-off-the-job-accident
deductibles are used in health policies to lower Correct answer-coinsurance amount
must be renewed by the insurer and the premiums can only be increased if applied to the entire
class of insureds Correct answer-guaranteed renewable
dental care indemnity coverage Correct answer-services are reimbursed after insurer receives the
invoice
agent authority Correct answer-express, implied, and apparent
document NOT required to mention the Colorado fraud statute Correct answer-certificates of
authority
which of these arrangements allows one to bypass insurable interest laws? Correct answer-
investor-originated life insurance sometimes called stranger originated life insurance is used to
circumvent state insurable interest statutes.
all of the following are considered to be typical characteristics describing nature of an insurance
contract except Correct answer-bilateral (unilateral, aleatory, and adhesion are all characteristics of
insurance contract)
surgeon's fees are not Correct answer-covered under hospitalization expense policy
after an insured gives notice of loss what must be done if the insurer does not furnish forms?
Correct answer-file written proof of loss
AND HEALTH GENERAL STATE EXAM
SIMULATOR QUESTIONS WITH ALL
CORRECT & VERIFIED ANSWERS
Which of the following statements about Health Reimbursement Arrangements (HRA) is correct?
Correct answer-If the employee paid for qualified medical expenses, the reimbursements may be tax
free.
Which parts of a health insurance policy are guaranteed to be true? Correct answer-warranty
What is usually excluded from medical expense policies? Correct answer-Intentionally self-inflicted
injuries
insurable interest only needs to exist at the time of application. Correct answer-F
Blue Cross/Blue Shield Correct answer-non-profit organizations
reimbursement of benefits for the treatment of a beneficiary's injures caused by a third party?
Correct answer-subrogation is the right for an insurer to purse a third party the caused an insurance
loss to the insured
accident policy will most likely pay a benefit for an Correct answer-off-the-job-accident
deductibles are used in health policies to lower Correct answer-coinsurance amount
must be renewed by the insurer and the premiums can only be increased if applied to the entire
class of insureds Correct answer-guaranteed renewable
dental care indemnity coverage Correct answer-services are reimbursed after insurer receives the
invoice
agent authority Correct answer-express, implied, and apparent
document NOT required to mention the Colorado fraud statute Correct answer-certificates of
authority
which of these arrangements allows one to bypass insurable interest laws? Correct answer-
investor-originated life insurance sometimes called stranger originated life insurance is used to
circumvent state insurable interest statutes.
all of the following are considered to be typical characteristics describing nature of an insurance
contract except Correct answer-bilateral (unilateral, aleatory, and adhesion are all characteristics of
insurance contract)
surgeon's fees are not Correct answer-covered under hospitalization expense policy
after an insured gives notice of loss what must be done if the insurer does not furnish forms?
Correct answer-file written proof of loss
