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NJ HEALTH AND ACCIDENT INSURANCE EXAM 2025
ACTUAL EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS WITH RATIONALES
(100% CORRECT ANSWERS) /ALREADY GRADED A+/
LATEST EXAM!!!
According to the Time Payment of Claims provision, the
insurer must make the payment immediately after
receiving proof of loss EXCEPT:
- if the insured is able to eventually return to work
-if the death is suicide or due to a pre existing condition
-when the policy is in the incontestability period
-for claims involving periodic payments - Answer-for claims
involving periodic payments
INSURERS MUST PAY LUMP SUM CLAIMS
IMMEDIATELY AFTER RECEIVING PROOF OF LOSS
What does coinsurance mean?
- a policy covers the insured and the any additional named
persons
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-the insurer and the insured share expenses over the
deductible
-the insurer and the insured share ALL expenses
-the policy owner holds multiple policies through the same
insurer - Answer-The insurer and the insured share
expenses over the deductible
COINSURANCE IS THE SHARING BETWEEN THE
INSURER AND THE INSURED OF COVERED
EXPENSES THAT EXCEED THE DEDUCTIBLE
AMOUNT. THE SHARING ENDS WHEN THE "STOP
LOSS LIMIT" IS REACHED
The life insurance policy will not be truly effect until all of
the following occur EXCEPT:
-the statement of good health is obtained by the insurer
-the first premium is collected
-the policy is delivered to the applicant
-the producer has explained the policy to the client -
Answer--the producer has explained the policy to the client
EFFECTIVE DATE BASED ON :
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-APP DATE
-IF PREMIUM HAS BEEN PAID
-IF A STATEMENT OF GOOD HEALTH MUST BE
OBTAINED IF PREMIUM WAS NOT SUBMITTED WITH
APPLICATION
Which of the following coverage types pays a monthly
cash benefit following the elimination period for total
disability due to accident or sickness?
-credit disability
-works comp disability
-recurrent disability
-disability income - Answer--disability income insurance
PROVIDES PAYMENT OF REGULAR PERIODIC
INCOME SHOULD THE INSURED BECOME DISABLED
FROM ILLNESS OR INJURY
The period beginning at the time of an insured loss that an
insured must wait before benefits are payable is called
the:
-probationary period
NJ HEALTH AND ACCIDENT INSURANCE EXAM 2025
ACTUAL EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS WITH RATIONALES
(100% CORRECT ANSWERS) /ALREADY GRADED A+/
LATEST EXAM!!!
According to the Time Payment of Claims provision, the
insurer must make the payment immediately after
receiving proof of loss EXCEPT:
- if the insured is able to eventually return to work
-if the death is suicide or due to a pre existing condition
-when the policy is in the incontestability period
-for claims involving periodic payments - Answer-for claims
involving periodic payments
INSURERS MUST PAY LUMP SUM CLAIMS
IMMEDIATELY AFTER RECEIVING PROOF OF LOSS
What does coinsurance mean?
- a policy covers the insured and the any additional named
persons
,2|Page
-the insurer and the insured share expenses over the
deductible
-the insurer and the insured share ALL expenses
-the policy owner holds multiple policies through the same
insurer - Answer-The insurer and the insured share
expenses over the deductible
COINSURANCE IS THE SHARING BETWEEN THE
INSURER AND THE INSURED OF COVERED
EXPENSES THAT EXCEED THE DEDUCTIBLE
AMOUNT. THE SHARING ENDS WHEN THE "STOP
LOSS LIMIT" IS REACHED
The life insurance policy will not be truly effect until all of
the following occur EXCEPT:
-the statement of good health is obtained by the insurer
-the first premium is collected
-the policy is delivered to the applicant
-the producer has explained the policy to the client -
Answer--the producer has explained the policy to the client
EFFECTIVE DATE BASED ON :
, 3|Page
-APP DATE
-IF PREMIUM HAS BEEN PAID
-IF A STATEMENT OF GOOD HEALTH MUST BE
OBTAINED IF PREMIUM WAS NOT SUBMITTED WITH
APPLICATION
Which of the following coverage types pays a monthly
cash benefit following the elimination period for total
disability due to accident or sickness?
-credit disability
-works comp disability
-recurrent disability
-disability income - Answer--disability income insurance
PROVIDES PAYMENT OF REGULAR PERIODIC
INCOME SHOULD THE INSURED BECOME DISABLED
FROM ILLNESS OR INJURY
The period beginning at the time of an insured loss that an
insured must wait before benefits are payable is called
the:
-probationary period
