ARKANSAS HEALTH INSURANCE EXAM
_______ is NOT an detail of a valid settlement: - ANS-Countersignature
"Maximum blessings" refers back to the: - ANS-Upper restrict of the whole lifetime benefits the
insurance organisation can pay
A 70 y/o insured character has suffered from kidney failure for the beyond 24 months. She is
included by means of her spouses huge-institution business enterprise plan. How will Medicare
be applied in this case? - ANS-Will be the 2nd insurer & pay for claims no longer fully included
by means of the organization plan
A beneficiary alternate can arise: - ANS-Normally, at any time
A clause that lets in an insurer the proper to terminate coverage at any anniversary date is
called a(n): - ANS-Optional renewability clause
A commonplace exclusion with vision plans is: - ANS-Lasik Surgery
A domestic coverage organisation in Arkansas MUST: - ANS-Be organized under Arkansas
insurance laws
A dread sickness policy is considered to be a sort of - ANS-Limited medical insurance coverage
A institution Disability Income plan that pays tax-loose advantages to blanketed personnel is
considered: - ANS-Fully contributory
A medical health insurance policy that permits an insurer to change the coverage owners
premiums, but NOT cancel the coverage is referred to as a(n): - ANS-Guaranteed renewal
coverage
A medical health insurance coverage where the insurer has the right to terminate the policy for
motives apart from the insured's fitness is called: - ANS-Conditionally renewable
A healthcare issuer declare may be settled the usage of which of the subsequent fee
strategies? - ANS-Fee-for-service
A hearing ought to be held earlier than a producer's license can be suspended or revoked. Prior
to the hearing, the commissioner is required to: - ANS-Give written note to the producer
,A life insurance employer has transferred a number of its danger to every other insurer. The
insurer assuming the chance is referred to as the: - ANS-Reinsurer
A existence coverage policy owner does NOT have the proper to: - ANS-Revoke an absolute
task
A lengthy-time period care coverage usually provides all of the following levels of care EXCEPT:
- ANS-Acute care
A scientific company that accepts Medicare Assignment need to: - ANS-Accept fee primarily
based upon a described Medicare schedule as charge in full
A Medicare Supplement simple benefit is - ANS-The first three pints of blood consistent with 12
months
A Medicare Supplement Policy is - ANS-Designed to fill in the gaps of Part A and Part B
Medicare
A Medicare Supplement policy ought to NOT include advantages which: - ANS-Duplicate
Medicare blessings
A nonparticipating corporation is from time to time referred to as a(n): - ANS-Stock insurer
A nonparticipating coverage will: - ANS-Not pay dividends
A person covered with an individual fitness plan: - ANS-is issued a policy
A man or woman who's a nonsmoker, average weight, great fitness would fall into what threat
classification: - ANS-Preferred
A pharmacy gain covers prescription drugs derived from a list called a: - ANS-Drug formulary
A coverage proprietor can receive a percentage charge of the death benefits previous to loss of
life by way of the usage of what kind of agreement? - ANS-Viatical Settlement agreement
A manufacturer who knowingly submits a FALSE assertion in assist of a claim may be
discovered responsible of: - ANS-Fraud
A manufacturer who sells insurance in Arkansas but is living in every other kingdom is called
a(n): - ANS-Nonresident producer
A expert liability for which producers can be sued for errors of placing a policy into impact is
called: - ANS-Errors and omissions
, A proposed insured for a medical insurance policy became treated for heart ailment inside the
beyond yr. When applying for medical health insurance, the heart disease remedy: -
ANS-Indicates a pre-existing condition
A rehabilitation advantage is meant to: - ANS-Prepare the insured to go back to employment
A inventory coverage organization: - ANS-Is owned exclusively through its shareholders
According to Arkansas law, whilst have to a manufacturer supply the outline of insurance to a
medicare supplement applicant? - ANS-At the time of software
According to the Health Insurance Portability and Accountability Act (HIPAA), when can a group
fitness coverage renewal be denied? - ANS-Participation or contribution regulations were
violated
According to the life coverage settlement law, insurable hobby exists - ANS-At the time of the
software
According to the precept of Utmost Good Faith, the insured will solution questions about the
utility to the high-quality in their expertise and pay the required top class, whilst the insurer will
deal pretty with the insured and it's: - ANS-Promises made
After an insured offers word of loss, what need to he/she do if the insurer does no longer furnish
paperwork? - ANS-File written evidence of loss
All insurers should be individuals of what organisation, as a situation in their authority to transact
insurance in Arkansas? - ANS-Arkansas Life and Disability Insurance Guaranty Association
All of the following plans allow for employee contributions to be taken on pre-tax foundation
EXCEPT: - ANS-Health Reimbursement Arrangement Plan
All of those are considered key elements in underwriting health insurance EXCEPT: -
ANS-Marital repute
All of those are typically resources of underwriting facts for lifestyles or medical insurance
EXCEPT: - ANS-Disclosure authorization reaction
Ambiguities in an coverage coverage are usually resolved in choose of the: - ANS-Insured
Amy has a collection clinical policy through her agency with a $500 deductible and a 90%
coinsurance provision. She incurs a $1,500 in protected healthcare offerings. How plenty will her
organization insurance carrier pay? - ANS-$1,000
_______ is NOT an detail of a valid settlement: - ANS-Countersignature
"Maximum blessings" refers back to the: - ANS-Upper restrict of the whole lifetime benefits the
insurance organisation can pay
A 70 y/o insured character has suffered from kidney failure for the beyond 24 months. She is
included by means of her spouses huge-institution business enterprise plan. How will Medicare
be applied in this case? - ANS-Will be the 2nd insurer & pay for claims no longer fully included
by means of the organization plan
A beneficiary alternate can arise: - ANS-Normally, at any time
A clause that lets in an insurer the proper to terminate coverage at any anniversary date is
called a(n): - ANS-Optional renewability clause
A commonplace exclusion with vision plans is: - ANS-Lasik Surgery
A domestic coverage organisation in Arkansas MUST: - ANS-Be organized under Arkansas
insurance laws
A dread sickness policy is considered to be a sort of - ANS-Limited medical insurance coverage
A institution Disability Income plan that pays tax-loose advantages to blanketed personnel is
considered: - ANS-Fully contributory
A medical health insurance policy that permits an insurer to change the coverage owners
premiums, but NOT cancel the coverage is referred to as a(n): - ANS-Guaranteed renewal
coverage
A medical health insurance coverage where the insurer has the right to terminate the policy for
motives apart from the insured's fitness is called: - ANS-Conditionally renewable
A healthcare issuer declare may be settled the usage of which of the subsequent fee
strategies? - ANS-Fee-for-service
A hearing ought to be held earlier than a producer's license can be suspended or revoked. Prior
to the hearing, the commissioner is required to: - ANS-Give written note to the producer
,A life insurance employer has transferred a number of its danger to every other insurer. The
insurer assuming the chance is referred to as the: - ANS-Reinsurer
A existence coverage policy owner does NOT have the proper to: - ANS-Revoke an absolute
task
A lengthy-time period care coverage usually provides all of the following levels of care EXCEPT:
- ANS-Acute care
A scientific company that accepts Medicare Assignment need to: - ANS-Accept fee primarily
based upon a described Medicare schedule as charge in full
A Medicare Supplement simple benefit is - ANS-The first three pints of blood consistent with 12
months
A Medicare Supplement Policy is - ANS-Designed to fill in the gaps of Part A and Part B
Medicare
A Medicare Supplement policy ought to NOT include advantages which: - ANS-Duplicate
Medicare blessings
A nonparticipating corporation is from time to time referred to as a(n): - ANS-Stock insurer
A nonparticipating coverage will: - ANS-Not pay dividends
A person covered with an individual fitness plan: - ANS-is issued a policy
A man or woman who's a nonsmoker, average weight, great fitness would fall into what threat
classification: - ANS-Preferred
A pharmacy gain covers prescription drugs derived from a list called a: - ANS-Drug formulary
A coverage proprietor can receive a percentage charge of the death benefits previous to loss of
life by way of the usage of what kind of agreement? - ANS-Viatical Settlement agreement
A manufacturer who knowingly submits a FALSE assertion in assist of a claim may be
discovered responsible of: - ANS-Fraud
A manufacturer who sells insurance in Arkansas but is living in every other kingdom is called
a(n): - ANS-Nonresident producer
A expert liability for which producers can be sued for errors of placing a policy into impact is
called: - ANS-Errors and omissions
, A proposed insured for a medical insurance policy became treated for heart ailment inside the
beyond yr. When applying for medical health insurance, the heart disease remedy: -
ANS-Indicates a pre-existing condition
A rehabilitation advantage is meant to: - ANS-Prepare the insured to go back to employment
A inventory coverage organization: - ANS-Is owned exclusively through its shareholders
According to Arkansas law, whilst have to a manufacturer supply the outline of insurance to a
medicare supplement applicant? - ANS-At the time of software
According to the Health Insurance Portability and Accountability Act (HIPAA), when can a group
fitness coverage renewal be denied? - ANS-Participation or contribution regulations were
violated
According to the life coverage settlement law, insurable hobby exists - ANS-At the time of the
software
According to the precept of Utmost Good Faith, the insured will solution questions about the
utility to the high-quality in their expertise and pay the required top class, whilst the insurer will
deal pretty with the insured and it's: - ANS-Promises made
After an insured offers word of loss, what need to he/she do if the insurer does no longer furnish
paperwork? - ANS-File written evidence of loss
All insurers should be individuals of what organisation, as a situation in their authority to transact
insurance in Arkansas? - ANS-Arkansas Life and Disability Insurance Guaranty Association
All of the following plans allow for employee contributions to be taken on pre-tax foundation
EXCEPT: - ANS-Health Reimbursement Arrangement Plan
All of those are considered key elements in underwriting health insurance EXCEPT: -
ANS-Marital repute
All of those are typically resources of underwriting facts for lifestyles or medical insurance
EXCEPT: - ANS-Disclosure authorization reaction
Ambiguities in an coverage coverage are usually resolved in choose of the: - ANS-Insured
Amy has a collection clinical policy through her agency with a $500 deductible and a 90%
coinsurance provision. She incurs a $1,500 in protected healthcare offerings. How plenty will her
organization insurance carrier pay? - ANS-$1,000
