ACCIDENT AND HEALTH INSURANCE
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS COMPLETE STUDY
GUIDE
◉ trade association groups that are eligible for group medical
benefits normally are
Answer: in the same industry
◉ Typically, states will permit the grouping of two or more small
employers in the same industry for obtaining group health
insurance at a favorable rate. This grouping of employers is
known as a multiple employer
Answer: trust
◉ Darrel has a group long-term disability income policy paid by
his employer. Which of these statements is true?
Answer: the specified benefit amount is a percentage of his wages
◉ If group Health benefit levels are too high, what could be the
end result?
Answer: over utilization
, ◉ Under a key person disability income policy, benefits will be
received as
Answer: tax free income to the business
◉ Laura is a new employee and will be obtaining non-
contributory group Major Medical insurance from her employer.
Which of the following actions must she take during the open
enrollment period?
Answer: sing an enrollment card
◉ Tina is insured under a business overhead expense insurance
policy. Which of the following would be covered if she were to
become disabled?
Answer: business property renal expense
◉ Notice of information practices must be given to a policyholder
at least
Answer: every 3 years
◉ Kate received a group accident and health termination notice.
How many days does she have to apply for a converted policy?
Answer: 31 days
◉ the health insurance premiums paid for by each partner in a
partnership is considered to be
Answer: 100% tax deductible
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS COMPLETE STUDY
GUIDE
◉ trade association groups that are eligible for group medical
benefits normally are
Answer: in the same industry
◉ Typically, states will permit the grouping of two or more small
employers in the same industry for obtaining group health
insurance at a favorable rate. This grouping of employers is
known as a multiple employer
Answer: trust
◉ Darrel has a group long-term disability income policy paid by
his employer. Which of these statements is true?
Answer: the specified benefit amount is a percentage of his wages
◉ If group Health benefit levels are too high, what could be the
end result?
Answer: over utilization
, ◉ Under a key person disability income policy, benefits will be
received as
Answer: tax free income to the business
◉ Laura is a new employee and will be obtaining non-
contributory group Major Medical insurance from her employer.
Which of the following actions must she take during the open
enrollment period?
Answer: sing an enrollment card
◉ Tina is insured under a business overhead expense insurance
policy. Which of the following would be covered if she were to
become disabled?
Answer: business property renal expense
◉ Notice of information practices must be given to a policyholder
at least
Answer: every 3 years
◉ Kate received a group accident and health termination notice.
How many days does she have to apply for a converted policy?
Answer: 31 days
◉ the health insurance premiums paid for by each partner in a
partnership is considered to be
Answer: 100% tax deductible
