!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
Arkansas Health and Accident Practice Exam
$10,000 - ANS-Karen is a producer who has obtained personal information about a client
without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the
minimum penalty for this?
$50
$5,000
$10,000
$15,000
100% of his health insurance costs can be deducted from his gross income - ANS-Owen is self
employed with an S corporation. He is unmarried and had a net profit for the tax year.
What are the tax ramifications of his health insurance premiums paid for the year?
50% of his health insurance costs can be deducted from his gross income
75% of his health care costs can be paid with pre-tax income
100% of his health insurance costs can be deducted from his gross income
100% of his health insurance costs can be paid with tax credits
15 days - ANS-Once a policy has been reinstated, the insured MUST wait what amount of time
before coverage for sickness is covered?
45 days
15 days
10 days
3 days
180 days - ANS-An Arkansas temporary producer license may be issued for a period not to
exceed:
30 days
45 days
90 days
180 days
24 - ANS-A licensee who is required to take continuing education must complete ___ hours of
continuing education coursework?
20
24
30
!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
,!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
34
6 months - ANS-How long can an insurer exclude coverage for a preexisting condition on a
Medicare Supplement Policy?
6 months
12 months
18 months
24 months
80% - ANS-How much does Medicare Part B pay for physician fees?
40%
60%
80%
100%
A contract that requires certain conditions or acts by the insured individual - ANS-Which of the
following BEST describes a conditional insurance contract?
A contract that requires certain conditions or acts by the insured individual
A contract that has the potential for the unequal exchange of consideration for both parties
A contract where one party "adheres to the terms of the contract
A contract where only one party makes any kind of enforceable contract
A paid premium - ANS-Which of the following is an example of the insured's consideration?
Insurer's promise to pay benefits
A paid premium
Legal purpose
Intent
A person's health claim information - ANS-HIPPA considers which of the following as
"individually identifiable health information"?
A person's employment history
A person's net income
A person's hire date
A person's health claim information
accept payment based upon a defined Medicare schedule as payment in full - ANS-A medical
provider that accepts Medicare Assignment must
accept payment based upon a defined Medicare schedule and bill the insured for any difference
!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
Arkansas Health and Accident Practice Exam
$10,000 - ANS-Karen is a producer who has obtained personal information about a client
without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the
minimum penalty for this?
$50
$5,000
$10,000
$15,000
100% of his health insurance costs can be deducted from his gross income - ANS-Owen is self
employed with an S corporation. He is unmarried and had a net profit for the tax year.
What are the tax ramifications of his health insurance premiums paid for the year?
50% of his health insurance costs can be deducted from his gross income
75% of his health care costs can be paid with pre-tax income
100% of his health insurance costs can be deducted from his gross income
100% of his health insurance costs can be paid with tax credits
15 days - ANS-Once a policy has been reinstated, the insured MUST wait what amount of time
before coverage for sickness is covered?
45 days
15 days
10 days
3 days
180 days - ANS-An Arkansas temporary producer license may be issued for a period not to
exceed:
30 days
45 days
90 days
180 days
24 - ANS-A licensee who is required to take continuing education must complete ___ hours of
continuing education coursework?
20
24
30
!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
,!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
34
6 months - ANS-How long can an insurer exclude coverage for a preexisting condition on a
Medicare Supplement Policy?
6 months
12 months
18 months
24 months
80% - ANS-How much does Medicare Part B pay for physician fees?
40%
60%
80%
100%
A contract that requires certain conditions or acts by the insured individual - ANS-Which of the
following BEST describes a conditional insurance contract?
A contract that requires certain conditions or acts by the insured individual
A contract that has the potential for the unequal exchange of consideration for both parties
A contract where one party "adheres to the terms of the contract
A contract where only one party makes any kind of enforceable contract
A paid premium - ANS-Which of the following is an example of the insured's consideration?
Insurer's promise to pay benefits
A paid premium
Legal purpose
Intent
A person's health claim information - ANS-HIPPA considers which of the following as
"individually identifiable health information"?
A person's employment history
A person's net income
A person's hire date
A person's health claim information
accept payment based upon a defined Medicare schedule as payment in full - ANS-A medical
provider that accepts Medicare Assignment must
accept payment based upon a defined Medicare schedule and bill the insured for any difference
!!!!!!!!!!#######################Arkansas
h and Accident
ArkansasPractice
Health and
Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!######################################
Accident PracticeHealth Exam.pdf!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!#######################Arka
and Accident Practice Exam.pdfArkansas Health and Accident Practice Exam.pdf!!!!!!!!
