NC Accident and Health Final Exam Prep
Questions With correct answers
Which |of |these |statements |concerning |an |individual |Disability |Income |policy |is |TRUE? |- |VERIFIED |
ANSWER✔✔-Normally |includes |an |Elimination |period
Which |health |policy |clause |stipulates |that |an |insurance |company |must |attach |a |copy |of |the |
application |to |the |policy |to |ensure |that |it |is |part |of |the |contract? |- |VERIFIED |ANSWER✔✔-Entire |
contract
M |is |insured |under |a |basic |Hospital/Surgical |Expense |policy. |A |physician |performs |surgery |on |M. |
What |determines |the |claim |M |is |eligible |for? |- |VERIFIED |ANSWER✔✔-Determined |by |the |terms |of |the
|policy
An |insurance |broker |in |North |Carolina |is |a |representative |of |the |- |VERIFIED |ANSWER✔✔-Insured
A |vacancy |that |occurs |during |the |North |Carolina |Commissioner |of |Insurance's |term |of |office |MUST |be
|filled |by |the |- |VERIFIED |ANSWER✔✔-Governor
A |person |is |required |to |be |AT |LEAST |how |old |before |he |or |she |is |licensed |as |an |agent |in |North |
Carolina? |- |VERIFIED |ANSWER✔✔-18
Which |of |the |following |claims |are |typically |excluded |from |Medical |expense |policies? |- |VERIFIED |
ANSWER✔✔-Intentionally |self-inflicted |injuries
The |provision |in |a |health |insurance |policy |that |suspends |premiums |being |paid |to |the |insurer |while |
the |insured |is |disabled |is |called |the: |- |VERIFIED |ANSWER✔✔-Waiver |of |Premium
Which |of |the |following |reimburses |its |insureds |for |covered |medical |expenses? |- |VERIFIED |
ANSWER✔✔-Commercial |insurers
, When |an |insured |changes |to |a |more |hazardous |occupation, |which |disability |policy |provision |allows |an
|insurer |to |adjust |policy |benefits |and |rates? |- |VERIFIED |ANSWER✔✔-Change |of |occupation |provision
For |which |of |the |following |expenses |does |a |Basic |Hospital |policy |pay? |- |VERIFIED |ANSWER✔✔-
Hospital |room |and |board
Which |of |these |terms |accurately |defines |an |underwriter's |assessment |of |information |on |a |health |
insurance |application? |- |VERIFIED |ANSWER✔✔-Risk |classification
Which |of |the |following |are |NOT |managed |care |organizations? |- |VERIFIED |ANSWER✔✔-Medical |
Information |Bureau |(MIB)
Which |of |the |following |statements |about |a |Guaranteed |Renewable |Health |Insurance |policy |is |
CORRECT? |- |VERIFIED |ANSWER✔✔-Premiums |normally |increase |at |time |of |renewal
The |policyholder |has |how |many |days |to |return |an |Accident/Health |Insurance |Policy |and |receive |a |full |
refund |on |premiums? |- |VERIFIED |ANSWER✔✔-10
After |an |insured |gives |notice |of |loss, |what |must |he/she |do |if |the |insurer |does |not |furnish |forms? |- |
VERIFIED |ANSWER✔✔-File |written |proof |of |loss
All |of |the |following |statements |regarding |group |health |insurance |is |true, |EXCEPT: |- |VERIFIED |
ANSWER✔✔-An |individual |policy |is |given |to |each |member
Which |parts |of |a |health |insurance |policy |are |guaranteed |to |be |true? |- |VERIFIED |ANSWER✔✔-
Warranty
The |fund |that |assures |policyholders |payment |of |death |benefits |on |Life |Policies, |if |the |company |is |
insolvent |at |the |time |of |the |claim, |is |called |the |- |VERIFIED |ANSWER✔✔-Life |and |Health |Insurance |
Guaranty |Association
Questions With correct answers
Which |of |these |statements |concerning |an |individual |Disability |Income |policy |is |TRUE? |- |VERIFIED |
ANSWER✔✔-Normally |includes |an |Elimination |period
Which |health |policy |clause |stipulates |that |an |insurance |company |must |attach |a |copy |of |the |
application |to |the |policy |to |ensure |that |it |is |part |of |the |contract? |- |VERIFIED |ANSWER✔✔-Entire |
contract
M |is |insured |under |a |basic |Hospital/Surgical |Expense |policy. |A |physician |performs |surgery |on |M. |
What |determines |the |claim |M |is |eligible |for? |- |VERIFIED |ANSWER✔✔-Determined |by |the |terms |of |the
|policy
An |insurance |broker |in |North |Carolina |is |a |representative |of |the |- |VERIFIED |ANSWER✔✔-Insured
A |vacancy |that |occurs |during |the |North |Carolina |Commissioner |of |Insurance's |term |of |office |MUST |be
|filled |by |the |- |VERIFIED |ANSWER✔✔-Governor
A |person |is |required |to |be |AT |LEAST |how |old |before |he |or |she |is |licensed |as |an |agent |in |North |
Carolina? |- |VERIFIED |ANSWER✔✔-18
Which |of |the |following |claims |are |typically |excluded |from |Medical |expense |policies? |- |VERIFIED |
ANSWER✔✔-Intentionally |self-inflicted |injuries
The |provision |in |a |health |insurance |policy |that |suspends |premiums |being |paid |to |the |insurer |while |
the |insured |is |disabled |is |called |the: |- |VERIFIED |ANSWER✔✔-Waiver |of |Premium
Which |of |the |following |reimburses |its |insureds |for |covered |medical |expenses? |- |VERIFIED |
ANSWER✔✔-Commercial |insurers
, When |an |insured |changes |to |a |more |hazardous |occupation, |which |disability |policy |provision |allows |an
|insurer |to |adjust |policy |benefits |and |rates? |- |VERIFIED |ANSWER✔✔-Change |of |occupation |provision
For |which |of |the |following |expenses |does |a |Basic |Hospital |policy |pay? |- |VERIFIED |ANSWER✔✔-
Hospital |room |and |board
Which |of |these |terms |accurately |defines |an |underwriter's |assessment |of |information |on |a |health |
insurance |application? |- |VERIFIED |ANSWER✔✔-Risk |classification
Which |of |the |following |are |NOT |managed |care |organizations? |- |VERIFIED |ANSWER✔✔-Medical |
Information |Bureau |(MIB)
Which |of |the |following |statements |about |a |Guaranteed |Renewable |Health |Insurance |policy |is |
CORRECT? |- |VERIFIED |ANSWER✔✔-Premiums |normally |increase |at |time |of |renewal
The |policyholder |has |how |many |days |to |return |an |Accident/Health |Insurance |Policy |and |receive |a |full |
refund |on |premiums? |- |VERIFIED |ANSWER✔✔-10
After |an |insured |gives |notice |of |loss, |what |must |he/she |do |if |the |insurer |does |not |furnish |forms? |- |
VERIFIED |ANSWER✔✔-File |written |proof |of |loss
All |of |the |following |statements |regarding |group |health |insurance |is |true, |EXCEPT: |- |VERIFIED |
ANSWER✔✔-An |individual |policy |is |given |to |each |member
Which |parts |of |a |health |insurance |policy |are |guaranteed |to |be |true? |- |VERIFIED |ANSWER✔✔-
Warranty
The |fund |that |assures |policyholders |payment |of |death |benefits |on |Life |Policies, |if |the |company |is |
insolvent |at |the |time |of |the |claim, |is |called |the |- |VERIFIED |ANSWER✔✔-Life |and |Health |Insurance |
Guaranty |Association
