ACCIDENT AND HEALTH INSURANCE
ACTUAL EXAM PAPER 2026 QUESTIONS
AND SOLUTIONS GRADED A PLUS
◉ Accidental Death coverage is provided to commercial airline
passengers in which of the following types of policies?
Answer: Blanket Accident policy
A Blanket Accident policy provides Accidental Death coverage to
airplane passengers.
◉ The Health Insurance Portability and Accountability Act (HIPAA)
gives privacy protection for
Answer: The Health Insurance Portability and Accountability Act
(HIPAA) provides privacy protection for health information.
◉ J has an Accidental Death and Dismemberment policy with a
principal sum of $50,000. While trimming the hedges, J cuts off one
of his fingers. What is the MAXIMUM J will receive from his policy?
Answer: The maximum sum payable would be the capital sum, or
$25,000.
,◉ Which of these types of coverage is best described as a short term
medical policy?
Answer: A short term medical policy is best described as interim
coverage.
◉ How would a contingent beneficiary receive the policy proceeds
in an Accidental Death and Dismemberment (AD&D) policy?
Answer: If the primary beneficiary dies before the insured
A contingent beneficiary will receive the policy proceeds if the
primary beneficiary dies before the insured's death.
◉ Under which of the following circumstances will the benefits
under COBRA continuation coverage end?
Answer: All group health plans are terminated by the employer
One of the disqualifying events that can result in the termination of
continuing coverage under COBRA is when the employer terminates
all group health plans.
◉ The Consolidated Omnibus Budget Reconciliation Act (COBRA)
gives workers (and their families) whose employment has been
terminated the right to
Answer: continue group health benefits
, ◉ When an employee is required to pay a portion of the premium
for an employer/employee group health plan, the employee is
covered under which of the following plans?
Answer: Contributory
Group plans where employees pay a portion of the premiums are
called contributory plans.
◉ On an Accidental Death and Dismemberment (AD&D) insurance
policy, who is qualified to change the beneficiary designation?
Answer: Policyowner
The policyowner has the right to change the beneficiary designation.
However, consent may needed by the current beneficiary if
designated as irrevocable.
◉ Which contract permits the remaining partners to buy-out the
interest of a disabled business partner?
Answer: Disability Buy-Sell
A disability buy-sell plan allows the remaining partners to buy out
the interest of the disabled business partner.
ACTUAL EXAM PAPER 2026 QUESTIONS
AND SOLUTIONS GRADED A PLUS
◉ Accidental Death coverage is provided to commercial airline
passengers in which of the following types of policies?
Answer: Blanket Accident policy
A Blanket Accident policy provides Accidental Death coverage to
airplane passengers.
◉ The Health Insurance Portability and Accountability Act (HIPAA)
gives privacy protection for
Answer: The Health Insurance Portability and Accountability Act
(HIPAA) provides privacy protection for health information.
◉ J has an Accidental Death and Dismemberment policy with a
principal sum of $50,000. While trimming the hedges, J cuts off one
of his fingers. What is the MAXIMUM J will receive from his policy?
Answer: The maximum sum payable would be the capital sum, or
$25,000.
,◉ Which of these types of coverage is best described as a short term
medical policy?
Answer: A short term medical policy is best described as interim
coverage.
◉ How would a contingent beneficiary receive the policy proceeds
in an Accidental Death and Dismemberment (AD&D) policy?
Answer: If the primary beneficiary dies before the insured
A contingent beneficiary will receive the policy proceeds if the
primary beneficiary dies before the insured's death.
◉ Under which of the following circumstances will the benefits
under COBRA continuation coverage end?
Answer: All group health plans are terminated by the employer
One of the disqualifying events that can result in the termination of
continuing coverage under COBRA is when the employer terminates
all group health plans.
◉ The Consolidated Omnibus Budget Reconciliation Act (COBRA)
gives workers (and their families) whose employment has been
terminated the right to
Answer: continue group health benefits
, ◉ When an employee is required to pay a portion of the premium
for an employer/employee group health plan, the employee is
covered under which of the following plans?
Answer: Contributory
Group plans where employees pay a portion of the premiums are
called contributory plans.
◉ On an Accidental Death and Dismemberment (AD&D) insurance
policy, who is qualified to change the beneficiary designation?
Answer: Policyowner
The policyowner has the right to change the beneficiary designation.
However, consent may needed by the current beneficiary if
designated as irrevocable.
◉ Which contract permits the remaining partners to buy-out the
interest of a disabled business partner?
Answer: Disability Buy-Sell
A disability buy-sell plan allows the remaining partners to buy out
the interest of the disabled business partner.
