Life health and accident insurance

PA Life, Accident, & Health Insurance Exam With 100% Correct Answers 2023

Life Health and Accident Insurance, Practice Test Questions With Correct Answers Latest Updated 2024/2025 | Graded A+. Which of the following is a true statement about dependent coverage on group health policies? Select one: a. The dependent can be a natural child, step child or adopted child. b. A child can be considered dependent after age 19 if he/she was disabled before that time. c. A child can be considered dependent after 19 if a full time student. d. All of the above: A dependent ...

Life Health and Accident Insurance Practice Test Questions With Correct Answers Latest Updated 2024/2025 | Graded A+. Which of the following is a true statement about dependent coverage on group health policies? Select one: a. The dependent can be a natural child, step child or adopted child. b. A child can be considered dependent after age 19 if he/she was disabled before that time. c. A child can be considered dependent after 19 if a full time student. d. All of the above: A dependent c...

Life Health and Accident Insurance Exam and Notes Verified Solutions When completing the application, the agent would be expected to do all of the following EXCEPT? Set the final rates for the new policy If after completing the application the agent finds that a question was missed. The agent should? Schedule another appointment with the applicant to properly complete the application All of the following must sign the application EXCEPT? The underwriter or beneifciary If the agent co...

50. If an employee contributes 50% toward the disability plan premium provided by an employer, what would be considered the taxable income of a $1,000 monthly disability benefit? A) $100 B) $250 C) $500 D) $1,000 51. Minimum participation standards exist for group health insurance plans in order to A) cover the agent's commission B) prevent adverse selection C) avoid treating benefits as taxable income D) meet state requirements 52. Which of the following would evidence ownership ...

Which of the following is a true statement about dependent coverage on group health policies? Select one: a. The dependent can be a natural child, step child or adopted child. b. A child can be considered dependent after age 19 if he/she was disabled before that time. c. A child can be considered dependent after 19 if a full time student. d. All of the above: A dependent can be any of those listed. Usually coverage lasts until they reach 19, but if the child was mentally or physically di...

50. Mary is an employee who is covered with a disability income policy through her employer. She pays for the portion of the premium attributable to the cost of residual disability benefits, while her employer pays for the remainder. What are the tax implications of this policy? 51. What is the name of the period of time during which a new employee is ineligible for group Health insurance coverage? 52. Under HIPAA, medical plan late enrollees may be excluded for pre-existing conditions for...

Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible d) Taxable c) Totally tax deductible - answerc) What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue b) It is intended to provide coverage on a date earlier than the date of the issuance of the policy...

85. A contract that heavily restricts one party while leaving the other free (as some standard form printed contracts), and implies inequality in bargaining power is: 1. A contract of adhesion 2. A conditional contract 3. An aleatory contract 4. A unilateral contract 86. There are number of clauses in an insurance contract. One of the clauses identifies the contracting parties (the insured and the insurance company) and also the scope and limits of coverage. This clause is referred to as:...