Mississippi Health and Life Insurance
exam question and answers well defined
latest 2024/25
Accident (CORRECT ANSWER) An unplanned, unforeseen event
which occurs suddenly and at an unspecified place.
Accident Insurance (CORRECT ANSWER) A type of insurance that
protects the insured against loss due to accidental bodily injury
Accidental Death and Dismemberment (CORRECT ANSWER) An
insurance policy which pays a specified amount or a specified multiple
of the insured's benefit if the insured dies, loses sight, or loses two limbs
due to an accident
Accidental Death Benefits (CORRECT ANSWER) A policy rider that
states that the cause of death will be analyzed to determine if it complies
with the policy description of accidental death
Actual Charge (CORRECT ANSWER) The amount a physician or
supplier actually bills for a particular service or supply
Adhesion (CORRECT ANSWER) A contract offereed on a take it or
leave it basis by an insurer, in which the insured's only option is to
,accept or reject the contract. Any ambiguities in the contract will be
settled in favor of the insured
Admitted (Authorized) Insurer (CORRECT ANSWER) An insurance
company authorized and licensed to transact insurance in a paricular
state
Adult Day Care (CORRECT ANSWER) A program for impaired adults
that attempts to meet their health, social, and functional needs ins a
setting away from their homes
Adverse Selection (CORRECT ANSWER) The tendency of risks with
higher probability of loss to purchase and maintain insurance more often
than the risks who present lower probability
Aleatory (CORRECT ANSWER) A contract in which participating
parties exhange unequal amounts. Insurance contracts are aleatory in
that the amount the insured will pay in premiums is unequal to the
amount the insurer will pay in the event of a loss
Alien Insurer (CORRECT ANSWER) An insurance company that is
incorporated outside the United States.
Apparent Authority (CORRECT ANSWER) The appearance or the
assumption of authority based on the actions, words, or deeds of the
principal or because of circumstances the principal created.
, Approved Amount (CORRECT ANSWER) The amount Medicare
determines to be reasonable for a service that is covered under part B of
Medicare.
Assignment (CORRECT ANSWER) A claim to a provider or medical
supplier to receive payments directly from Medicare
Attained Age (CORRECT ANSWER) The age of the insured at a
determined date.
Attending Physician's Statement (APS) (CORRECT ANSWER) A
statement usually obtained from the applicant's doctor.
Avoidance (CORRECT ANSWER) A method of dealing with risk by
deliberately keeping away from it (e.g. if a person wanted to avoid the
risk of being killed in an airplane crash, he/she might choose never to fly
in a plane).
Basic Hospital Expense Insurance (CORRECT ANSWER) Coverage
that provides benefits for room, board and miscellaneous hospital
expenses for a certain number of days during a hospital stay.
Basic Medical Expense Insurance (CORRECT ANSWER) Coverage for
doctor visits, x-rays, lab tests, and emergency room visits; benefits,
however, are limited to specified dollar amounts.
exam question and answers well defined
latest 2024/25
Accident (CORRECT ANSWER) An unplanned, unforeseen event
which occurs suddenly and at an unspecified place.
Accident Insurance (CORRECT ANSWER) A type of insurance that
protects the insured against loss due to accidental bodily injury
Accidental Death and Dismemberment (CORRECT ANSWER) An
insurance policy which pays a specified amount or a specified multiple
of the insured's benefit if the insured dies, loses sight, or loses two limbs
due to an accident
Accidental Death Benefits (CORRECT ANSWER) A policy rider that
states that the cause of death will be analyzed to determine if it complies
with the policy description of accidental death
Actual Charge (CORRECT ANSWER) The amount a physician or
supplier actually bills for a particular service or supply
Adhesion (CORRECT ANSWER) A contract offereed on a take it or
leave it basis by an insurer, in which the insured's only option is to
,accept or reject the contract. Any ambiguities in the contract will be
settled in favor of the insured
Admitted (Authorized) Insurer (CORRECT ANSWER) An insurance
company authorized and licensed to transact insurance in a paricular
state
Adult Day Care (CORRECT ANSWER) A program for impaired adults
that attempts to meet their health, social, and functional needs ins a
setting away from their homes
Adverse Selection (CORRECT ANSWER) The tendency of risks with
higher probability of loss to purchase and maintain insurance more often
than the risks who present lower probability
Aleatory (CORRECT ANSWER) A contract in which participating
parties exhange unequal amounts. Insurance contracts are aleatory in
that the amount the insured will pay in premiums is unequal to the
amount the insurer will pay in the event of a loss
Alien Insurer (CORRECT ANSWER) An insurance company that is
incorporated outside the United States.
Apparent Authority (CORRECT ANSWER) The appearance or the
assumption of authority based on the actions, words, or deeds of the
principal or because of circumstances the principal created.
, Approved Amount (CORRECT ANSWER) The amount Medicare
determines to be reasonable for a service that is covered under part B of
Medicare.
Assignment (CORRECT ANSWER) A claim to a provider or medical
supplier to receive payments directly from Medicare
Attained Age (CORRECT ANSWER) The age of the insured at a
determined date.
Attending Physician's Statement (APS) (CORRECT ANSWER) A
statement usually obtained from the applicant's doctor.
Avoidance (CORRECT ANSWER) A method of dealing with risk by
deliberately keeping away from it (e.g. if a person wanted to avoid the
risk of being killed in an airplane crash, he/she might choose never to fly
in a plane).
Basic Hospital Expense Insurance (CORRECT ANSWER) Coverage
that provides benefits for room, board and miscellaneous hospital
expenses for a certain number of days during a hospital stay.
Basic Medical Expense Insurance (CORRECT ANSWER) Coverage for
doctor visits, x-rays, lab tests, and emergency room visits; benefits,
however, are limited to specified dollar amounts.
