MO State insurance exam with 100% correct answers 2024

Capital Sum correct answers the sum that is paid upon the loss of 1 limb or sight in 1 eye What are the main activities of daily living(ADL)? correct answers bathing, continence, dressing, eating, toileting, and transferring Hospital income and indemnity correct answers a type of health insurance policy that pays its benefits directly to the insured on a dollar amount per day basis when confined to a hospital Probationary period correct answers a specified period of time before coverage goes into effect or specified conditions is designed to protect the insurer of losses due to a sickness that immediately occur after the policy is issued A stop loss feature in a medical expense policy is a dollar amount beyond which the insured Is no longer participating in the payment of any medical expense while the insurer pays ____% up to the policy's benefit limit. correct answers 100% Adverse Selection correct answers an employer that has an open enrollment every quarter for a group dental coverage might cause the insurer to have concerns about: Medicare Part B covers all of the following EXCEPT: A. physician's and surgeon's services B. physical, occupational, and/or speech therapy C. hospital care and skilled nursing D. preventative care correct answers C. Hospital care and skilled nursing care Which of the following is NOT true? A. Business overhead expense premiums are not deductible B. The benefits from a disability buy-sell agreement policy are income tax free C. Business overhead expense benefits are taxable as income D. An employer purchasing key person disability insurance where they are also the beneficiary makes the premium non-deductible correct answers A. business overhead expense premiums are not deductible Which of the following items does not become part of the insurance contract as defined in the entire contract clause? A. the medical examination report