Kentucky Health Insurance exam
Kentucky Health study
Insurance Exam Study
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1. The full premium was submitted with the application A. As of the application
for life insurance, and the policy was issued two weeks date
later as requested. When does the policy become ef-
fective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue
date
D. As of the policy issue date
2. All of the following are true about group disability in- C. Coverage applies both
come insurance EXCEPT: A. The waiting period starts on and off the job.
at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premi-
um.
C. Coverage applies both on and off the job.
D. Benefits are usually short term.
3. Under the age discrimination in employment act, if the C. At least the value of the
obligation of the employer to provide retiree health Social Security benefits
benefits, what will an individual younger than 65 re-
ceive in benefits each year? A. one-fourth of the ben-
efits required under the social security act. B. at least
10,000. C. At least the value of the Social Security Ben-
efits. D. The minimum established by the employer
4. Disability income policies can provide coverage for a D. Residual disability
loss of income when returning to work only part-time
after recovering from total disability. What is the ben-
efit that is based on the insured's loss of earnings
after recovery from a disability? A. recurrent disability
B. partial disability C. income replacement D. Residual
disability
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, Kentucky Health Insurance exam
Kentucky Health study
Insurance Exam Study
Study online at https://quizlet.com/_9zaxla
5. A producer is acting in what capacity when he or she D. Field underwriter
is trying to obtain credible information about an ap-
plicant for health insurance? A. office underwriter B.
General agent C. Consumer report investigator D. Field
underwriter
6. Which of the following riders would NOT increase the A. impairment rider
premium for a policyowner? A. impairment rider B.
payor benefit rider C. Waiver of premium rider D. Mul-
tiple indemnity rider
7. An insured wants to name her husband as the benefi- C. Revocable
ciary of her health policy. She also wishes to retain all
of the rights of ownership. The insured should have
her husband named as what type of beneficiary? A.
Contingent B. Irrevocable C. Revocable D. Primary
8. Guarantee of insurability option in long-term care poli- B. Increase benefit levels
cies allows the insured to: A. Secure the policy's non- without providing proof of
forfeiture values regardless of the insured's age or insurability.
health status. A. Secure the policy's value regardless
of the insured's age or health status. B. Increase ben-
efit levels without providing proof of insurability. C.
Add dependents to the plan without providing proof
of their insurability. D. Replace the existing LTC policy
based on the original underwriting.
9. What is the maximum age for qualifying for a cata- B. 30
strophic plan? A. 26 B. 30 C. 45 D. 62
10. Which type of dental care would cover operative treat- C. Oral surgery
ment of the mouth? A. Endodontics B. Orthodontics C.
Oral surgery D. Restoratvie
www.stuvia.com
, Kentucky Health Insurance exam
Kentucky Health study
Insurance Exam Study
Study online at https://quizlet.com/_9zaxla
11. Under a key person disability income policy, premi- B. Are made by the busi-
um payments... A. Are made by the business and are ness and are not tax de-
tax-deductible B. Are made by the business and are not ductible.
tax deductible. C. Are made by the employee and are
not tax deductible D. Are made by the employee and
are tax free.
12. Premium payments for personally-owned disability in- D. An employee's group
come policies are... A. Tax deductible to the extent medical benefits are gen-
that they exceed 10% of the adjusted gross income erally exempt from taxa-
of those itemizing deductions. B. When the premiums tion as income.
and other unreimbursed medical expenses exceed 5%
of the employee's adjusted gross income. D. An em-
ployee's group medical benefits are generally exempt
from taxation as income.
13. A business entity acting as an agent is required to C. An agent's license
obtain what kind of license? A. an adjuster's license B. A
broker's license C. An agent's license D. A consultant's
license
14. ______ policies cover only those injuries and illnesses B. Non-occupation
that occur outside of one's job. A. Limited B. Nonoccu-
pational C. Workers compensation D. Full coverage
15. HMOs that are patients' cooperatives are____while D. Nonprofit, for-profit
those owned by physicians are typically______. A.
For-profit, nonprofit B. Emergency facilities, routine
outpatient facilities C. Routine outpatient facilities,
emergency facilities, D. Nonprofit, for-profit
16.
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Kentucky Health study
Insurance Exam Study
Study online at https://quizlet.com/_9zaxla
1. The full premium was submitted with the application A. As of the application
for life insurance, and the policy was issued two weeks date
later as requested. When does the policy become ef-
fective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue
date
D. As of the policy issue date
2. All of the following are true about group disability in- C. Coverage applies both
come insurance EXCEPT: A. The waiting period starts on and off the job.
at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premi-
um.
C. Coverage applies both on and off the job.
D. Benefits are usually short term.
3. Under the age discrimination in employment act, if the C. At least the value of the
obligation of the employer to provide retiree health Social Security benefits
benefits, what will an individual younger than 65 re-
ceive in benefits each year? A. one-fourth of the ben-
efits required under the social security act. B. at least
10,000. C. At least the value of the Social Security Ben-
efits. D. The minimum established by the employer
4. Disability income policies can provide coverage for a D. Residual disability
loss of income when returning to work only part-time
after recovering from total disability. What is the ben-
efit that is based on the insured's loss of earnings
after recovery from a disability? A. recurrent disability
B. partial disability C. income replacement D. Residual
disability
www.stuvia.com
, Kentucky Health Insurance exam
Kentucky Health study
Insurance Exam Study
Study online at https://quizlet.com/_9zaxla
5. A producer is acting in what capacity when he or she D. Field underwriter
is trying to obtain credible information about an ap-
plicant for health insurance? A. office underwriter B.
General agent C. Consumer report investigator D. Field
underwriter
6. Which of the following riders would NOT increase the A. impairment rider
premium for a policyowner? A. impairment rider B.
payor benefit rider C. Waiver of premium rider D. Mul-
tiple indemnity rider
7. An insured wants to name her husband as the benefi- C. Revocable
ciary of her health policy. She also wishes to retain all
of the rights of ownership. The insured should have
her husband named as what type of beneficiary? A.
Contingent B. Irrevocable C. Revocable D. Primary
8. Guarantee of insurability option in long-term care poli- B. Increase benefit levels
cies allows the insured to: A. Secure the policy's non- without providing proof of
forfeiture values regardless of the insured's age or insurability.
health status. A. Secure the policy's value regardless
of the insured's age or health status. B. Increase ben-
efit levels without providing proof of insurability. C.
Add dependents to the plan without providing proof
of their insurability. D. Replace the existing LTC policy
based on the original underwriting.
9. What is the maximum age for qualifying for a cata- B. 30
strophic plan? A. 26 B. 30 C. 45 D. 62
10. Which type of dental care would cover operative treat- C. Oral surgery
ment of the mouth? A. Endodontics B. Orthodontics C.
Oral surgery D. Restoratvie
www.stuvia.com
, Kentucky Health Insurance exam
Kentucky Health study
Insurance Exam Study
Study online at https://quizlet.com/_9zaxla
11. Under a key person disability income policy, premi- B. Are made by the busi-
um payments... A. Are made by the business and are ness and are not tax de-
tax-deductible B. Are made by the business and are not ductible.
tax deductible. C. Are made by the employee and are
not tax deductible D. Are made by the employee and
are tax free.
12. Premium payments for personally-owned disability in- D. An employee's group
come policies are... A. Tax deductible to the extent medical benefits are gen-
that they exceed 10% of the adjusted gross income erally exempt from taxa-
of those itemizing deductions. B. When the premiums tion as income.
and other unreimbursed medical expenses exceed 5%
of the employee's adjusted gross income. D. An em-
ployee's group medical benefits are generally exempt
from taxation as income.
13. A business entity acting as an agent is required to C. An agent's license
obtain what kind of license? A. an adjuster's license B. A
broker's license C. An agent's license D. A consultant's
license
14. ______ policies cover only those injuries and illnesses B. Non-occupation
that occur outside of one's job. A. Limited B. Nonoccu-
pational C. Workers compensation D. Full coverage
15. HMOs that are patients' cooperatives are____while D. Nonprofit, for-profit
those owned by physicians are typically______. A.
For-profit, nonprofit B. Emergency facilities, routine
outpatient facilities C. Routine outpatient facilities,
emergency facilities, D. Nonprofit, for-profit
16.
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