Colorado Accident and Health General State Simulator Exam
Questions and Answers Graded A+
which of these arrangements allows one to bypass insurable interest
laws? - ANSWER-investor-originated life insurance sometimes called
stranger originated life insurance is used to circumvent state insurable
interest statutes.
all of the following are considered to be typical characteristics describing
nature of an insurance contract except - ANSWER-bilateral (unilateral,
aleatory, and adhesion are all characteristics of insurance contract)
surgeon's fees are not - ANSWER-covered under hospitalization expense
policy
after an insured gives notice of loss what must be done if the insurer
does not furnish forms? - ANSWER-file written proof of loss
medicare is interned for all of the following groups except - ANSWER-
those enrolled as full-time students
, disability income policy the ___ acts as a deductible clause - ANSWER-
deductible period
the elimination period serves as the deductible - ANSWER-in a disability
income policy
a characteristic of preferred provider organizations (PPOs) - ANSWER-
discounted fees for the patient. feed are discounted in return for using
listed providers
the primary difference between the Colorado partnership LTC policy and
the other LTC policies are - ANSWER-medicaid assest protection
single premium is not used by - ANSWER-health insurance policies
Which of the following statements about Health Reimbursement
Arrangements (HRA) is correct? - ANSWER-If the employee paid for
qualified medical expenses, the reimbursements may be tax free.
Which parts of a health insurance policy are guaranteed to be true? -
ANSWER-warranty
Questions and Answers Graded A+
which of these arrangements allows one to bypass insurable interest
laws? - ANSWER-investor-originated life insurance sometimes called
stranger originated life insurance is used to circumvent state insurable
interest statutes.
all of the following are considered to be typical characteristics describing
nature of an insurance contract except - ANSWER-bilateral (unilateral,
aleatory, and adhesion are all characteristics of insurance contract)
surgeon's fees are not - ANSWER-covered under hospitalization expense
policy
after an insured gives notice of loss what must be done if the insurer
does not furnish forms? - ANSWER-file written proof of loss
medicare is interned for all of the following groups except - ANSWER-
those enrolled as full-time students
, disability income policy the ___ acts as a deductible clause - ANSWER-
deductible period
the elimination period serves as the deductible - ANSWER-in a disability
income policy
a characteristic of preferred provider organizations (PPOs) - ANSWER-
discounted fees for the patient. feed are discounted in return for using
listed providers
the primary difference between the Colorado partnership LTC policy and
the other LTC policies are - ANSWER-medicaid assest protection
single premium is not used by - ANSWER-health insurance policies
Which of the following statements about Health Reimbursement
Arrangements (HRA) is correct? - ANSWER-If the employee paid for
qualified medical expenses, the reimbursements may be tax free.
Which parts of a health insurance policy are guaranteed to be true? -
ANSWER-warranty
