NJ HEALTH AND ACCIDENT INSURANCE EXAM REAL
QUESTIONS AND CORRECT DETAILED ANSWERS LATEST
2024-2025(VERIFIED ANSWERS) GUARANTEED A+
Within how many days must a producer notify the Department of Baking and
Insurance of a change of address? - ANSWER-30
Under the NJ continuance of benefits law, notice to extend coverage is required
within how many days of a qualifying event? - ANSWER-30
Health insurance advertisements that mention statistical information are required
by NJ law to - ANSWER-accurately convey all pertinent facts
What type of injury would NOT be covered under a health insurance policy?
Work related
accidental
Sports related
recreational - ANSWER-Work related
NJ Insurance law requires eligible individuals to make an election to continue
health insurance benefits within a MAXIMUM of ___ days after coverage
termination - ANSWER-60
,The NJ temporary disability benefits law - ANSWER-provides non-occupational
disability benefits
Johan the producer charged a fee to a sales prospect for analyzing insurance
coverages. According to NJ law, a reasonable relationship must exist between the
fee and the - ANSWER-Substance of the services performed
In NJ, group health insurance may be offered to all of these groups EXCEPT
private employer
city government
college seminar participants
small employer - ANSWER-college seminar participants
An insured under a Major Medical expense plan with a zero deductible and 80/20
coinsurance provision files a $1,000 claim. How much of this claim is the insured
responsible for? - ANSWER-$200
A producer must notify the commissioner within ___ days of a felony conviction -
ANSWER-30
All of the following are functions of an insuring clause EXCEPT
States the conditions under which the policy will pay
Outlines the kind of benefits provided
Primarily describes the free-look period
, Provides the policy's scope and limits of coverage - ANSWER-Primarily describes
the free-look period
After an insured gives notice of loss, what must he/she do if the insurer does not
furnish forms? - ANSWER-File a written proof of loss
Which of the following circumstances requires an individual to be a licensed
producer?
Discussing premiums with a potential insured
setting up sales appointments
following up with a policyowner about a change in address
conduct an agency sales meeting - ANSWER-Discussing premiums with a potential
insured
Which type of clause describes the following statement: "We have issued the
policy in consideration of the representations in your applications and payment of
the first-term premium". - ANSWER-Consideration clause
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
QUESTIONS AND CORRECT DETAILED ANSWERS LATEST
2024-2025(VERIFIED ANSWERS) GUARANTEED A+
Within how many days must a producer notify the Department of Baking and
Insurance of a change of address? - ANSWER-30
Under the NJ continuance of benefits law, notice to extend coverage is required
within how many days of a qualifying event? - ANSWER-30
Health insurance advertisements that mention statistical information are required
by NJ law to - ANSWER-accurately convey all pertinent facts
What type of injury would NOT be covered under a health insurance policy?
Work related
accidental
Sports related
recreational - ANSWER-Work related
NJ Insurance law requires eligible individuals to make an election to continue
health insurance benefits within a MAXIMUM of ___ days after coverage
termination - ANSWER-60
,The NJ temporary disability benefits law - ANSWER-provides non-occupational
disability benefits
Johan the producer charged a fee to a sales prospect for analyzing insurance
coverages. According to NJ law, a reasonable relationship must exist between the
fee and the - ANSWER-Substance of the services performed
In NJ, group health insurance may be offered to all of these groups EXCEPT
private employer
city government
college seminar participants
small employer - ANSWER-college seminar participants
An insured under a Major Medical expense plan with a zero deductible and 80/20
coinsurance provision files a $1,000 claim. How much of this claim is the insured
responsible for? - ANSWER-$200
A producer must notify the commissioner within ___ days of a felony conviction -
ANSWER-30
All of the following are functions of an insuring clause EXCEPT
States the conditions under which the policy will pay
Outlines the kind of benefits provided
Primarily describes the free-look period
, Provides the policy's scope and limits of coverage - ANSWER-Primarily describes
the free-look period
After an insured gives notice of loss, what must he/she do if the insurer does not
furnish forms? - ANSWER-File a written proof of loss
Which of the following circumstances requires an individual to be a licensed
producer?
Discussing premiums with a potential insured
setting up sales appointments
following up with a policyowner about a change in address
conduct an agency sales meeting - ANSWER-Discussing premiums with a potential
insured
Which type of clause describes the following statement: "We have issued the
policy in consideration of the representations in your applications and payment of
the first-term premium". - ANSWER-Consideration clause
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
