NJ Health and Accident Exam With complete solu on
LATEST 2025/2026 UPDATED 100% VERIFIED CORRECT
In what form do disability income policies typically pay benefits - Correct Answers Periodic
income
The Mandatory health policy provision states that the policy, including endorsements and
a ached papers, cons!tutes - Correct Answers The en!re insurance contract between the
par!es
The en!re contract includes the actual policy and the - Correct Answers applica!on
employer sponsored group health insurance provides coverage for which of the following -
Correct Answers Alcoholism
The term which describes the fact that both par!es of a contract may not receive the same
value is referred to as - Correct Answers Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT
typically covered - Correct Answers Full-!me nursing care
A Medicare Supplement policy can be cancelled by the insurer for - Correct Answers
Nonpayment
Credit Accident and Health plans are designed to - Correct Answers help pay off exis!ng loans
during periods of disability
A payment system for health care in which the provider is paid for each service given is called -
Correct Answers fee-for-service
, An insurance company ONLY pay a sales commission to - Correct Answers individuals licensed
by the state
Ken is a producer who has obtained Consumer Informa!on Reports under false pretenses.
Under the Fair Credit Repor!ng Act, what is the maximum penalty that may be imposed on
Ken? - Correct Answers $5000 and 1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a
primary care physician outside of the network, the subscriber will likely pay - Correct Answers
100% of the billed amount
What is the maximum fine for a producer viola!ng an NJ insurance law for the first !me? -
Correct Answers $5000
A licensed producer is required to file no!ce to any changes of address within how many days -
Correct Answers 30 days
Jonas has disability insurance through his employer. The employer pays 75% of the premium,
and Jonas pays the other 25%. What is Jonas's tax liability for any benefits paid from the
disability plan? - Correct Answers Taxes must be paid on 75% of the benefits received
A=er an insured gives no!ce of loss, what must he/she do if the insurer does not furnish forms?
- Correct Answers File wri en proof of loss
Which of the following is an example of the insured's considera!on? - Correct Answers A paid
premium
A(n) _______ insurance company is one that was formed under the laws of a state other than
NJ - Correct Answers Foreign
LATEST 2025/2026 UPDATED 100% VERIFIED CORRECT
In what form do disability income policies typically pay benefits - Correct Answers Periodic
income
The Mandatory health policy provision states that the policy, including endorsements and
a ached papers, cons!tutes - Correct Answers The en!re insurance contract between the
par!es
The en!re contract includes the actual policy and the - Correct Answers applica!on
employer sponsored group health insurance provides coverage for which of the following -
Correct Answers Alcoholism
The term which describes the fact that both par!es of a contract may not receive the same
value is referred to as - Correct Answers Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT
typically covered - Correct Answers Full-!me nursing care
A Medicare Supplement policy can be cancelled by the insurer for - Correct Answers
Nonpayment
Credit Accident and Health plans are designed to - Correct Answers help pay off exis!ng loans
during periods of disability
A payment system for health care in which the provider is paid for each service given is called -
Correct Answers fee-for-service
, An insurance company ONLY pay a sales commission to - Correct Answers individuals licensed
by the state
Ken is a producer who has obtained Consumer Informa!on Reports under false pretenses.
Under the Fair Credit Repor!ng Act, what is the maximum penalty that may be imposed on
Ken? - Correct Answers $5000 and 1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a
primary care physician outside of the network, the subscriber will likely pay - Correct Answers
100% of the billed amount
What is the maximum fine for a producer viola!ng an NJ insurance law for the first !me? -
Correct Answers $5000
A licensed producer is required to file no!ce to any changes of address within how many days -
Correct Answers 30 days
Jonas has disability insurance through his employer. The employer pays 75% of the premium,
and Jonas pays the other 25%. What is Jonas's tax liability for any benefits paid from the
disability plan? - Correct Answers Taxes must be paid on 75% of the benefits received
A=er an insured gives no!ce of loss, what must he/she do if the insurer does not furnish forms?
- Correct Answers File wri en proof of loss
Which of the following is an example of the insured's considera!on? - Correct Answers A paid
premium
A(n) _______ insurance company is one that was formed under the laws of a state other than
NJ - Correct Answers Foreign
