NJ Health and Accident Exam Questions and
Answers 100% Pass
In what form do disability income policies typically pay benefits - ✅✅- Periodic
earnings
The Mandatory Health Policy Provision says that ;the policy, including
endorsements and related documentation, forms the whole insurance contract
between the parties.
The entire contract contains the actual policy and the application.
Employer-sponsored group health insurance covers alcoholism.
The term "Aleatory" refers to the reality that both parties in a contract may not
receive the same value.
Tomhasa home healthcare benefit and is confined to his home. Which of these is not
normally covered? ✅✅- Full-time nursing care.
The insurer can cancel a Medicare Supplement policy for nonpayment. Credit
Accident and Health plans are designed to help pay off current loans during
disability periods.
Fee-for-service is a healthcare payment system in which providers are compensated
for each service provided.
An insurance business only pays a sales commission to individuals licensed by the
state.
, Kenisa is a producer who collected consumer information reports through
fraudulent pretenses. What is the maximum penalty under the Fair Credit
Reporting Act that might be levied on Ken? - ✅✅-$5000 and one year of detention
A closed network plan offers a primary physician copayment of $25. If a subscriber
picks a primary care provider outside the network, the user will most likely pay. -
✅-100% of the billing amount What is the maximum penalties for a producer
breaching a New Jersey insurance law for the first time? - ✅✅-$5000 A licensed
producer must file notification of address changes within how many days. - ✅✅-30
days
Jona shas disability insurance through his employer. The employer pays 75% of the
premium and Jonas pays the remaining 25%. What is Jonas' tax responsibility for
disability plan payments? Taxes must be paid on 75% of benefits received.
If an insured provides notice of loss, what should they do if the insurer does not
provide forms? - ✅✅- Provide written proof of loss.
Whichofthefollowingisanexampleoftheinsured'sconsideration? - ✅✅- A
paid-premium insurance company is one that was created under the laws of a state
other than NJ. Kathy pays a monthly premium for her health insurance policy. How
long is the grace period? - ✅✅-10 days
Insurance licenses are provided to authorize transactions with the public, not to
gain from commissions based on personal interests.
Thedescriptionofwhichofthefollowing? - ✅✅- A controlled business
Amastercontractandcertifiedcoveragecanbefoundinwhichtypeofpolicy?
Answers 100% Pass
In what form do disability income policies typically pay benefits - ✅✅- Periodic
earnings
The Mandatory Health Policy Provision says that ;the policy, including
endorsements and related documentation, forms the whole insurance contract
between the parties.
The entire contract contains the actual policy and the application.
Employer-sponsored group health insurance covers alcoholism.
The term "Aleatory" refers to the reality that both parties in a contract may not
receive the same value.
Tomhasa home healthcare benefit and is confined to his home. Which of these is not
normally covered? ✅✅- Full-time nursing care.
The insurer can cancel a Medicare Supplement policy for nonpayment. Credit
Accident and Health plans are designed to help pay off current loans during
disability periods.
Fee-for-service is a healthcare payment system in which providers are compensated
for each service provided.
An insurance business only pays a sales commission to individuals licensed by the
state.
, Kenisa is a producer who collected consumer information reports through
fraudulent pretenses. What is the maximum penalty under the Fair Credit
Reporting Act that might be levied on Ken? - ✅✅-$5000 and one year of detention
A closed network plan offers a primary physician copayment of $25. If a subscriber
picks a primary care provider outside the network, the user will most likely pay. -
✅-100% of the billing amount What is the maximum penalties for a producer
breaching a New Jersey insurance law for the first time? - ✅✅-$5000 A licensed
producer must file notification of address changes within how many days. - ✅✅-30
days
Jona shas disability insurance through his employer. The employer pays 75% of the
premium and Jonas pays the remaining 25%. What is Jonas' tax responsibility for
disability plan payments? Taxes must be paid on 75% of benefits received.
If an insured provides notice of loss, what should they do if the insurer does not
provide forms? - ✅✅- Provide written proof of loss.
Whichofthefollowingisanexampleoftheinsured'sconsideration? - ✅✅- A
paid-premium insurance company is one that was created under the laws of a state
other than NJ. Kathy pays a monthly premium for her health insurance policy. How
long is the grace period? - ✅✅-10 days
Insurance licenses are provided to authorize transactions with the public, not to
gain from commissions based on personal interests.
Thedescriptionofwhichofthefollowing? - ✅✅- A controlled business
Amastercontractandcertifiedcoveragecanbefoundinwhichtypeofpolicy?
