NJ Health and Accident Exam
QUESTIONS & ANSWERS 2026 | A+
GRADED 100% VERIFIED
• No contract is in force until ______ is paid? -✓✓Initial premium
• In Key Employee Disability Policy, if the business pays the premium
as a tax-deductible expense, any benefits paid are ______? -✓✓Fully
taxable
• Policies that pay higher benefits, command ______ ? -✓✓Higher
premiums
• One of the main responsibilities of an underwriter is to protect the
insurer against ______? -✓✓Adverse selection
• Insurers issue preferred risk policies with reduced premiums with the
expectation of ______? -✓✓Better than normal mortality or morbidity
experience
• Monitoring the insured's hospital stay to ensure everything is going
according to schedule and that the insured will be released as planned is
called ______? -✓✓Concurrent review
• HIPAA provides that the 10% excise of tax for early withdrawal from
IRAs will not apply to the extent a withdrawal is used for medical
expenses that exceed ______ of the individual's adjusted gross income. -
✓✓7.5%
, • One of the most important considerations in replacing medical
insurance is ______? -✓✓Exclusions or limitations on a new policy
• Upon policy delivery, if no initial payment is collected with the
application, the producer must request ______? -✓✓The applicant to
sign a Statement of Good Health
• Managed care is provided with which policies, except ______? -
✓✓Covered:
- PPO
- POS (point-of-service)
- HMO
• Point of service plan is considered what kind of plan? -✓✓Managed
care plan
• Underwriters acquire information from these sources ______ -✓✓-
MIB
- Consumer report
- Attending physician statement
• Main field underwriter task is to ______? -✓✓Ensure accuracy and
completeness of an individual's medical information
• Sources of information that can assist underwriters are ______? -✓✓-
Agents report
- MIB
- Inspection reports
• In a specified disease insurance policy to a new policyowner, the
producer can expect to collect all of these, ______? -✓✓- Initial
premium
- Signed impairment rider acknowledgment
QUESTIONS & ANSWERS 2026 | A+
GRADED 100% VERIFIED
• No contract is in force until ______ is paid? -✓✓Initial premium
• In Key Employee Disability Policy, if the business pays the premium
as a tax-deductible expense, any benefits paid are ______? -✓✓Fully
taxable
• Policies that pay higher benefits, command ______ ? -✓✓Higher
premiums
• One of the main responsibilities of an underwriter is to protect the
insurer against ______? -✓✓Adverse selection
• Insurers issue preferred risk policies with reduced premiums with the
expectation of ______? -✓✓Better than normal mortality or morbidity
experience
• Monitoring the insured's hospital stay to ensure everything is going
according to schedule and that the insured will be released as planned is
called ______? -✓✓Concurrent review
• HIPAA provides that the 10% excise of tax for early withdrawal from
IRAs will not apply to the extent a withdrawal is used for medical
expenses that exceed ______ of the individual's adjusted gross income. -
✓✓7.5%
, • One of the most important considerations in replacing medical
insurance is ______? -✓✓Exclusions or limitations on a new policy
• Upon policy delivery, if no initial payment is collected with the
application, the producer must request ______? -✓✓The applicant to
sign a Statement of Good Health
• Managed care is provided with which policies, except ______? -
✓✓Covered:
- PPO
- POS (point-of-service)
- HMO
• Point of service plan is considered what kind of plan? -✓✓Managed
care plan
• Underwriters acquire information from these sources ______ -✓✓-
MIB
- Consumer report
- Attending physician statement
• Main field underwriter task is to ______? -✓✓Ensure accuracy and
completeness of an individual's medical information
• Sources of information that can assist underwriters are ______? -✓✓-
Agents report
- MIB
- Inspection reports
• In a specified disease insurance policy to a new policyowner, the
producer can expect to collect all of these, ______? -✓✓- Initial
premium
- Signed impairment rider acknowledgment
