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NJ ACCIDENT AND HEALTH EXAM 3 VERSIONS TESTBANK, FINAL PRACTICE EXAM AND LATEST UPDATED STUDY GUIDE NEWEST COMPLETE

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NJ ACCIDENT AND HEALTH EXAM 3 VERSIONS TESTBANK, FINAL PRACTICE EXAM AND LATEST UPDATED STUDY GUIDE NEWEST COMPLETE

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NJ HEALTH INSURANCE EXAM (XCEL S
g g g g g


OLUTIONS) | QUESTIONS &ANSWERS ( g g g g g


VERIFIED) | LATEST UPDATE | GRADED A
g g g g g g


+




Whygaregdividendsgfromgagmutualginsurergnotgsubjectgtogtaxation?

CorrectgAnswer: becausegdividendsgaregconsideredgtogbegagreturngofgpremium



ABCginsurancegcompanygtransfersgpartgofgtheirgriskgtogXYZginsurancegcompany.gThisgsituati
ongisgcalled

CorrectgAnswer: reinsurance



Agnonparticipatinggcompanygisgsometimesgcalledga(n)

CorrectgAnswer: stockginsurer



Whatgisgconsideredgtogbegthegprimarygreasongforgbuyingglifeginsurance?

CorrectgAnswer: providegdeathgbenefits



A(n)g companygisgownedgbygitsgshareholders




1

,CorrectgAnswer: stock



Agplangingwhichgangemployergpaysginsurancegbenefitsgfromgagfundgderivedgfromgthegemploy
er'sgcurrentgrevenuesgisgcalled

CorrectgAnswer: agself-fundedgplan



WhatgisgthegprimarygpurposegofgagratinggservicegcompanygsuchgasgA.M.gBest?

CorrectgAnswer: determinegfinancialgstrengthgofganginsurancegcompany



Karengisgagproducergwhoghasgobtainedgpersonalginformationgaboutgagclientgwithoutghavi
nggaglegitimategreasongtogdogso.gUndergthegMcCarran-
FergusongAct,gwhatgisgthegminimumgpenaltygforgthis?

CorrectgAnswer: $10,000



Agnonparticipatinggpolicygwill

CorrectgAnswer: notgpaygdividends



Aglifeginsurancegcompanyghasgtransferredgsomegofgitsgriskgtoganotherginsurer.gTheginsurerga
ssuminggthegriskgisgcalledgthe

CorrectgAnswer: reinsurer



KengisgagproducergwhoghasgobtainedgConsumergInformationgReportsgundergfalsegprete
nses.gUndergthegFairgCreditgReportinggAct,gwhatgisgthegmaximumgpenaltygthatgmaygbegi
mposedgongKen?




2

,CorrectgAnswer: $5,000



Agtypegofginsurergthatgisgownedgbygitsgpolicyownersgisgcalled

CorrectgAnswer: mutual



FraternalgBenefitgSocietyghasgeachgofgthegfollowinggcharacteristicsgEXCEPTgincorporat

ed

withoutgcapitalgstockg

existsgforgprofit

existsgforgthegbenefitgofgitsgmembers

CorrectgAnswer: existsgforgprofit



ThegDogNotgCallgRegistrygoffersgexemptionsgforgcallsgplacedgfromgallgofgthegfollowinggE
XCEPT

charities

politicalgorganizations

insurancegsalesgcall
g



sgsurveys

CorrectgAnswer: insurancegsalesgcalls



Whatgkindgofglifeginsurancegpolicygissuesgbygagmutualginsurergprovidesgagreturngofgdivis
iblegsurplus?

CorrectgAnswer: participatingglifeginsurancegpolicy




3

, Anginsurer'sgabilitygtogmakegunpredictablegpayoutsgtogpolicyownersgisgcalled

CorrectgAnswer: liquidity



Anginsurer'sgclaimgsettlementgpracticesgaregregulatedgbygthe

CorrectgAnswer: stateginsurancegdepartments



WhichgofgthegfollowinggisgNOTgconsideredgadvertising?

agratinggfromgagratinggservicegcompany,gsuchgasgA.M.gBestg

angillustration

agsalesgpresentation

directgmailinggfromgangagency

CorrectgAnswer: agratinggfromgagratinggservicegcompany,gsuchgasgA.M.gBest



ThegFairgCreditgandgReportinggAct'sgmaingpurposegisgto

CorrectgAnswer:
protectgconsumersgwithgguidelinesgregardinggcreditgreportinggan
dgdistribution



Whengthegprincipleggivesgthegagentgauthoritygingwriting,git'sgreferredgtogas

CorrectgAnswer: expressgauthority



Whatgaregangapplicant'sgstatementsgconcerninggoccupation,ghobbies,gandgpersonalghe
althghistorygregardedgas?
Connected book
image
Franklin L. Moore, Bradley S. Moore A Study Guide for Life, Accident, and Health Insurance
Publisher: 1999 ISBN: 9781564612618 Edition: Unknown

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