Accident and Health Insurance Final Exam Questions & Answers 100% correct

Your license will be considered to be inactive when you: - ANSWER-No longer have any appointments On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - ANSWER-Not taxable since the IRS treats them as a refund of a portion of the premium paid All of the following are true regarding a non-contributory employer group medical expense insurance policy EXCEPT: - ANSWER-Premiums must be paid entirely by the employees Which two of the following are considered to be activities of daily living in most long-term care policies: - ANSWER-Eating and dressing The Employee Retirement Income Security Act (ERISA) requires that employee benefit plans be managed for the benefit of: - ANSWER-Participants and beneficiaries Which of the following must be printed on every licensee's business cards, written price quotations and printed advertisements: - ANSWER-Their insurance license number At age 65, an individual would be eligible for which of the following at no charge - ANSWER-Part A of Medicare Under the California Insurance Code (CIC), neither party to a contract of insurance is bound to communicate any of the following EXCEPT: - ANSWER-Information known to be material The enrollee pays what percentage of the premium for Medicare Part B? - ANSWER-100%