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, Question 1
How many eligible employees must be included in a contributory health insurance plan?
Correct Answer
50%
Question 2
A man works for Company A and his wife works for Company B. The spouses are covered by health plans
through their respective companies that also cover the other spouse. If the husband files a claim,
Correct Answer
The insurance through his company is primary.
Question 3
What is the period of coverage for events such as death or divorce under COBRA?
Correct Answer
36 months
Question 4
Twenty-five days after a health insurance policy is delivered, the policyowner decides that she would like to
return the policy and receive a refund of premium. Which of the following is true?
Correct Answer
The policyowner will not receive a refund because the free-look period is over.
Question 5
An insured is involved in a car accident. In addition to general, less serious injuries, he permanently loses the
use of his leg and is rendered completely blind. The blindness improves a month later. To what extent will he
receive Presumptive Disability benefits?
Correct Answer
No benefits
Question 6
For the purpose of insurance, risk is defined as
Correct Answer
The uncertainty or chance of loss.
Question 7
Which of the following is an example of a producer's fiduciary duty?
Correct Answer
The trust that a client places in the producer in regard to handling premiums.
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