NJ Accident and Health final exams updated questions and answers 100% guaranteed pass

NJ Accident and Health final exams updated questions and answers 100% guaranteed pass The Commissioner must approve - ANSWER Continuing education courses Employer sponsored group health insurance provides coverage for which of the following? Self-inflicted injuries cosmetic surgery custodial care alcoholism - ANSWER alcoholism A Medicare supplement policy can be cancelled by the insurer for - ANSWER Nonpayment Which entity is responsible for regulating insurance advertising in NJ? - ANSWER New Jersey Department of Banking and Insurance Which of the following are retained at the expense of an insurance buyer to give advice on insurance needed by the buyer? Brokers and consultants Insurance prospectors Third-party administrators Agents - ANSWER Brokers and consultants Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. - ANSWER 20 In which of the following situations would the insurer be liable for a loss? a) The insured skipped a payment beyond the 31 day grace period b) The insured was injured while participating in an illegal occupation c) The insured was given a notice of cancellation from the insurer d) The insured suffered an injury as an innocent bystander during a bank robbery - ANSWER d) The insured suffered an injury as an innocent bystander during a bank robbery When a Medicare supplement policy is purchased during the open enrolment period - ANSWER The policy must be issued regardless of health status In what form do disability income policies typically pay benefits? - ANSWER Periodic income What is considered to be the primary reason for buying life insurance? - ANSWER Provide death benefits A newborn is required to be covered for ____ days from the moment of birth - ANSWER 30 Once an accident and health insurance policy has been in force for ___ year(s), the policy may NOT be contested by the insurer - ANSWER 2 A doctor who accepts Medicare assignment agrees to which of the following - Doctor may charge up to a maximum of 15% more than Medicare pays for the service - Doctor is not bound by Medicare's limitations on charges - Doctor cannot charge more than Medicare's scheduled coverage - Doctor bills the Medicare beneficiary directly for services performed - ANSWER Doctor cannot charge more than Medicare's scheduled coverage What is issued to each employee with an employer health plan? - ANSWER Certificate What is the tax liability for employer contributions in Health Savings Accounts (HSA's)? - ANSWER No tax payment needed All of these are considered sources of information that can assist an underwriter in determining whether or not to accept a risk EXCEPT Agent's report Medical Information Bureau (MIB) Inspection reports National Association of Insurance Underwriters - ANSWER National Association of Insurance Underwriters In NJ, health insurance advertisements are required to contain the - ANSWER insurance company's name Replacement regulation is designed to protect the interests of - ANSWER Policyowners The Commissioner of Insurance is appointed by - ANSWER The governor Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will NOT pay for charges exceeding the approved amount? - ANSWER Medicare supplement plan F Which of the following is NOT a common exclusion for a medical expense policy? Physical therapy Act of war on the job injury