Health Insurance Exam Kentucky
Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
1. C. The insurer may in- All of the following statements about non-cancellable policies are true
crease the premium rate EXCEPT
after the policy is in ef-
fect provided it does so A. A noncancellible police is also called a noncancellible and guaranteed
by classes of insureds renewable policy
B. The only right to cancel the noncancellable policy is for nonpayment
of premiums
C. The insurer may increase the premium rate after the policy is in effect
provided it does so by classes of insureds
D. the insurer may regain the right to cancel or not to renew when they
insured reaches and age specified in the policy
2. A. A factory worker frac- Which of the following qualifies as a compensable injury under workers
tures an elbow while compensation coverage?
working overtime
A. A factory worker fractures an elbow while working overtime
B. An employee is struck by a car and seriously injured while walking
back to work following a lunch break
C. A worker is involved in an auto accident while driving to work
D. All of the above qualify
3. C. Information and priva- Which of the following represents certain consumer safeguards enact-
cy protection act ed by states and pattered after a model act developed by NAIC?
A. Fair credit reporting Act
B. the MIB
C. Information and privacy protection act
D. COBRA
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, Health Insurance Exam Kentucky
Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
4. B. elective indemnity The optional short term disability income benefit that pays a lump sum
benefit for specified injuries is called the
A. hospital income benefit
B. elective indemnity benefit
C. supplemental income benefit
D. partial disability benefit
5. B. health maintenance The type of health care provider that provides birth the health care
organization services and the healthy care coverage is
A. Preferred provider organization
B. Health maintenance organization
C. Blue cross/blue shield organization
D. Traditional health insurance company
6. B. Limited Policies Dread disease, travel accident, vision care, and hospital indemnity poli-
cies are all examples of
A. ltc policies
B. limited policies
C. group policies
D. blanket policies
7. D. People with any life Which of the following are NOT eligible for Medicare coverage?
threatening condition
A. People age 65 and older who are eligible for social security
B. People age 65 and older not eligible for social security but willing to
pay a monthly premium
C. People of any age who have been entitled to disability benefits for
24 months
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Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
D. People with any life-threatening condition
8. D. Authorized Company A company that I licensed to sell insurance in a particular state is
A. domestic
B. Alien
C. non admitted company
D. Authorized comany
9. A. Cancel the policy Optional Provisions 1 and 2, addressing changes of occupation and
misstatement of age, Kermit the insurer to do which of the following?
A. Cancel the policy
B. Request the insured to fill out a new application to correct previous
misstatements or alter information that has changed since the applica-
tion was originally submitted.
C. Charge a "back-end" premium to make up for the premium the
insurer would have charged had the true situation been known.
D. Pay indemnities equal to the benefits that would have purchased at
the premium paid had the insurer known the facts when the premium
was established.
10. Stop-Loss Limit What term describes the concept that the insurer and the insured share
in the cost of medical expenses, with the insurer bearing the greater
share?
11. D. The master policy With regard to group insurance, who has the responsibility to apply
owner for coverage, provide information about the group, maintain the policy,
and pay premiums?
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Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
1. C. The insurer may in- All of the following statements about non-cancellable policies are true
crease the premium rate EXCEPT
after the policy is in ef-
fect provided it does so A. A noncancellible police is also called a noncancellible and guaranteed
by classes of insureds renewable policy
B. The only right to cancel the noncancellable policy is for nonpayment
of premiums
C. The insurer may increase the premium rate after the policy is in effect
provided it does so by classes of insureds
D. the insurer may regain the right to cancel or not to renew when they
insured reaches and age specified in the policy
2. A. A factory worker frac- Which of the following qualifies as a compensable injury under workers
tures an elbow while compensation coverage?
working overtime
A. A factory worker fractures an elbow while working overtime
B. An employee is struck by a car and seriously injured while walking
back to work following a lunch break
C. A worker is involved in an auto accident while driving to work
D. All of the above qualify
3. C. Information and priva- Which of the following represents certain consumer safeguards enact-
cy protection act ed by states and pattered after a model act developed by NAIC?
A. Fair credit reporting Act
B. the MIB
C. Information and privacy protection act
D. COBRA
www.stuvia.com
, Health Insurance Exam Kentucky
Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
4. B. elective indemnity The optional short term disability income benefit that pays a lump sum
benefit for specified injuries is called the
A. hospital income benefit
B. elective indemnity benefit
C. supplemental income benefit
D. partial disability benefit
5. B. health maintenance The type of health care provider that provides birth the health care
organization services and the healthy care coverage is
A. Preferred provider organization
B. Health maintenance organization
C. Blue cross/blue shield organization
D. Traditional health insurance company
6. B. Limited Policies Dread disease, travel accident, vision care, and hospital indemnity poli-
cies are all examples of
A. ltc policies
B. limited policies
C. group policies
D. blanket policies
7. D. People with any life Which of the following are NOT eligible for Medicare coverage?
threatening condition
A. People age 65 and older who are eligible for social security
B. People age 65 and older not eligible for social security but willing to
pay a monthly premium
C. People of any age who have been entitled to disability benefits for
24 months
www.stuvia.com
, Health Insurance Exam Kentucky
Health Insurance Exam Kentucky
Study online at https://quizlet.com/_93o12z
D. People with any life-threatening condition
8. D. Authorized Company A company that I licensed to sell insurance in a particular state is
A. domestic
B. Alien
C. non admitted company
D. Authorized comany
9. A. Cancel the policy Optional Provisions 1 and 2, addressing changes of occupation and
misstatement of age, Kermit the insurer to do which of the following?
A. Cancel the policy
B. Request the insured to fill out a new application to correct previous
misstatements or alter information that has changed since the applica-
tion was originally submitted.
C. Charge a "back-end" premium to make up for the premium the
insurer would have charged had the true situation been known.
D. Pay indemnities equal to the benefits that would have purchased at
the premium paid had the insurer known the facts when the premium
was established.
10. Stop-Loss Limit What term describes the concept that the insurer and the insured share
in the cost of medical expenses, with the insurer bearing the greater
share?
11. D. The master policy With regard to group insurance, who has the responsibility to apply
owner for coverage, provide information about the group, maintain the policy,
and pay premiums?
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