Wisconsin Accident and Health
Quiz_________________?
A business becoming incorporated is an example of risk
Reduction
Severance
Retention
Transfer -
Answer✅
Transfer
Quiz_________________?
A certificate of coverage for a group health policy is best described as
A contract between the employer and employee
A contract between the employer and insurer
Proof of coverage for the employee
Proof of coverage for the employer -
Answer✅
Proof of coverage for the employee
1
, Quiz_________________?
A comprehensive group policy also covers expenses related to vision care. Which of the
following is not typically covered under a vision plan?
Cataract Surgery.
Routine eye exam.
Corrective vision glasses.
Corrective contact lenses. -
Answer✅
Cataract Surgery.
Quiz_________________?
A contract is considered void in all of the following situations EXCEPT
When one party is a minor
When consideration is unequal
When consideration is incomplete
When agreement cannot be reached between parties -
Answer✅
When consideration is unequal
Quiz_________________?
A disability income insurance policy was recently issued with a rating. What does this mean?
Policyowner will be charged an additional premium.
Policy will have specific illnesses excluded from coverage.
Policyowner will be charged a reduced premium.
Policy will have a longer waiting period. -
Answer✅
Policyowner will be charged an additional premium.
2
, Quiz_________________?
A disabled business owner who has payroll and business expenses paid for has what kind of
insurance policy?
Key person.
Franchise disability.
Business overhead expense.
Disability income. -
Answer✅
Business overhead expense.
Quiz_________________?
A group health insurance policy is a contract between an
Employee and insurance company
Employee and employer
Employer and insurance company
Employer and producer -
Answer✅
Employer and insurance company
Quiz_________________?
A group health insurer's acquisition costs are usually highest:
In the first plan year
In the second plan year
After the first renewal
After the second renewal -
3
, Answer✅
In the first plan year
Quiz_________________?
A group-owned insurance company that is formed to assume and spread the liability risks of
its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer -
Answer✅
Risk retention group
Quiz_________________?
A health maintenance organization (HMO) usually provides all of the following inpatient
hospital services EXCEPT:
Preadmission certification
Concurrent utilization review
Discharge planning
Payment for convenience items -
Answer✅
Payment for convenience items
Quiz_________________?
A hold-harmless clause is an example of risk
Avoidance
Retention
Transfer
4
Quiz_________________?
A business becoming incorporated is an example of risk
Reduction
Severance
Retention
Transfer -
Answer✅
Transfer
Quiz_________________?
A certificate of coverage for a group health policy is best described as
A contract between the employer and employee
A contract between the employer and insurer
Proof of coverage for the employee
Proof of coverage for the employer -
Answer✅
Proof of coverage for the employee
1
, Quiz_________________?
A comprehensive group policy also covers expenses related to vision care. Which of the
following is not typically covered under a vision plan?
Cataract Surgery.
Routine eye exam.
Corrective vision glasses.
Corrective contact lenses. -
Answer✅
Cataract Surgery.
Quiz_________________?
A contract is considered void in all of the following situations EXCEPT
When one party is a minor
When consideration is unequal
When consideration is incomplete
When agreement cannot be reached between parties -
Answer✅
When consideration is unequal
Quiz_________________?
A disability income insurance policy was recently issued with a rating. What does this mean?
Policyowner will be charged an additional premium.
Policy will have specific illnesses excluded from coverage.
Policyowner will be charged a reduced premium.
Policy will have a longer waiting period. -
Answer✅
Policyowner will be charged an additional premium.
2
, Quiz_________________?
A disabled business owner who has payroll and business expenses paid for has what kind of
insurance policy?
Key person.
Franchise disability.
Business overhead expense.
Disability income. -
Answer✅
Business overhead expense.
Quiz_________________?
A group health insurance policy is a contract between an
Employee and insurance company
Employee and employer
Employer and insurance company
Employer and producer -
Answer✅
Employer and insurance company
Quiz_________________?
A group health insurer's acquisition costs are usually highest:
In the first plan year
In the second plan year
After the first renewal
After the second renewal -
3
, Answer✅
In the first plan year
Quiz_________________?
A group-owned insurance company that is formed to assume and spread the liability risks of
its members is known as a
Risk retention group
Treaty insurer
Risk assumption group
Captive insurer -
Answer✅
Risk retention group
Quiz_________________?
A health maintenance organization (HMO) usually provides all of the following inpatient
hospital services EXCEPT:
Preadmission certification
Concurrent utilization review
Discharge planning
Payment for convenience items -
Answer✅
Payment for convenience items
Quiz_________________?
A hold-harmless clause is an example of risk
Avoidance
Retention
Transfer
4
