2-40 practice exam| 96 Questions | Correct Answers Accurate 100%

Which of the following may qualify as sliding: - ANSWERSAdding additional coverage to a policy and indicating that it is included in the original premium. Which of the following reimburses its insureds for covered medical expenses? - ANSWERSCommercial insurers After a week in the hospital, Lola receives a bill for $9,000 of covered expenses. Her major medical policy has a $250 deductible and a 75/25 coinsurance feature. How much of the total expense will Lola's policy cover? - ANSWERS$6,563 Which of the following is known for stressing preventive health care? - ANSWERSHealth maintenance organizations Which of the following is an objective of Florida's Long Term Care Partnership Program? - ANSWERSTo contain the growth of public expenditures by encouraging consumers to purchase long-term care coverage Which of the following is CORRECT? - ANSWERSInsurance companies have to notify applicants within a few days that a consumer report has been requested. A waiver of premium provision may be included with which kind of health insurance policy? - ANSWERSDisability income On August 1st, Robert completed an application for a major medical policy, gave his agent a check for the initial premium and received an insurability receipt from the agent. On August 3rd, the agent submitted Roger's application and premium to the insurance company. On August 6th, Roger was involved in an accident and admitted to a hospital. On August 12th, the agent received Roger's policy from the insurance company. Which of the following statements concerning this situation is CORRECT? - ANSWERSRoger's coverage began when he received the insurability receipt. All of the following are mandatory provisions in health insurance policies EXCEPT - ANSWERSmisstatement of age Which of the following is NOT a typical type of long-term care coverage? - ANSWERSHospice care Which of the following is CORRECT about the Fair Credit Reporting Act? - ANSWERSIt provides insurance companies the ability to view consumers? credit history. As it pertains to group 2-40 practice exam| 96 Questions | Correct Answers Accurate 100%