Aflac Insurance Exam |\ |\ |\
QUESTIONS WITH ANSWERS |\ |\
Making a statement that is false or maliciously critical of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
financial condition of an insurer is known as - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔defamation |\
Which of the following statements regarding an examination of
|\ |\ |\ |\ |\ |\ |\ |\ |\
an insurer's books and records by the Commissioner is true?
|\ |\ |\ |\ |\ |\ |\ |\ |\
- An insurer has a right to delay an examination by the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Commissioner for a period of not more than 15 days after |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
notification
-The insurer must not impede an examination and is required to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
assist in the examination procedures
|\ |\ |\ |\
-Reports related to solicitors are not official records archived from
|\ |\ |\ |\ |\ |\ |\ |\ |\
insurance examinations
|\ |\
- The Commissioner only has the authority to examine domestic
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
insurers - CORRECT ANSWERS ✔✔The insurer must not impede
|\ |\ |\ |\ |\ |\ |\ |\ |\
an examination and is required to assist in the examination
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
procedures
When an intermediary's license is revoked for failure to meet
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
continuing education requirements, the intermediary CANNOT - |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔be present during the sale of insurance
|\ |\ |\ |\ |\ |\ |\ |\ |\
by another intermediary
|\ |\
,Which type of policy pays benefits to a policyholder covered
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
under a Hospital Expense policy? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔reimbursement
Qualified long-term care policies must include all of the following
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
provisions EXCEPT |\
- Nonforfeiture option
|\ |\
- Inflation protection
|\ |\
- Prior hospitalization
|\ |\
- Guaranteed renewability - CORRECT ANSWERS ✔✔Prior
|\ |\ |\ |\ |\ |\ |\
hospitalization
Medicare - CORRECT ANSWERS ✔✔a federal health insurance
|\ |\ |\ |\ |\ |\ |\ |\
program for individuals over the age of 65 or permanently
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disabled
John has a criminal record in which he was convicted of a felony
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
that involved dishonesty. Under Federal law, how would John be
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
able to engage in insurance transactions? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Given written consent by the state insurance regulatory
|\ |\ |\ |\ |\ |\ |\ |\
agency
A Medicare Supplement insurance policy may EXCLUDE coverage
|\ |\ |\ |\ |\ |\ |\ |\
for preexisting conditions for a maximum period of how many
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
months after the policy goes into effect? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔6
, An insured's statement of a policy's benefits which is to be used
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in marketing materials is called a(n) - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔testimony
Jim is covered under a disability income policy. He is hurt while
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
engaged in an occupation that is more hazardous than the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
occupation he specified in the policy. What action will the insurer|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
likely take? - CORRECT ANSWERS ✔✔Reduce the benefit level
|\ |\ |\ |\ |\ |\ |\ |\
All of these are considered to be a violation of the Federal Fraud
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
and False Statements Act EXCEPT
|\ |\ |\ |\
- Overvaluing land
|\ |\
- Abstracting funds
|\ |\
- False entries on reports
|\ |\ |\ |\
-Claims reimbursement - CORRECT ANSWERS ✔✔Claims
|\ |\ |\ |\ |\ |\
reimbursement
For group health plans covering employees in more than one
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
state, the state regulatory jurisdiction established for the plan
|\ |\ |\ |\ |\ |\ |\ |\ |\
may affect any of the following aspects EXCEPT
|\ |\ |\ |\ |\ |\ |\
- Minimum enrollment percentages
|\ |\ |\
- Eligibility qualifications
|\ |\
- Required contract provisions
|\ |\ |\
- COBRA continuation of coverage - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔COBRA continuation of coverage |\ |\ |\
QUESTIONS WITH ANSWERS |\ |\
Making a statement that is false or maliciously critical of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
financial condition of an insurer is known as - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔defamation |\
Which of the following statements regarding an examination of
|\ |\ |\ |\ |\ |\ |\ |\ |\
an insurer's books and records by the Commissioner is true?
|\ |\ |\ |\ |\ |\ |\ |\ |\
- An insurer has a right to delay an examination by the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Commissioner for a period of not more than 15 days after |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
notification
-The insurer must not impede an examination and is required to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
assist in the examination procedures
|\ |\ |\ |\
-Reports related to solicitors are not official records archived from
|\ |\ |\ |\ |\ |\ |\ |\ |\
insurance examinations
|\ |\
- The Commissioner only has the authority to examine domestic
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
insurers - CORRECT ANSWERS ✔✔The insurer must not impede
|\ |\ |\ |\ |\ |\ |\ |\ |\
an examination and is required to assist in the examination
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
procedures
When an intermediary's license is revoked for failure to meet
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
continuing education requirements, the intermediary CANNOT - |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔be present during the sale of insurance
|\ |\ |\ |\ |\ |\ |\ |\ |\
by another intermediary
|\ |\
,Which type of policy pays benefits to a policyholder covered
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
under a Hospital Expense policy? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔reimbursement
Qualified long-term care policies must include all of the following
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
provisions EXCEPT |\
- Nonforfeiture option
|\ |\
- Inflation protection
|\ |\
- Prior hospitalization
|\ |\
- Guaranteed renewability - CORRECT ANSWERS ✔✔Prior
|\ |\ |\ |\ |\ |\ |\
hospitalization
Medicare - CORRECT ANSWERS ✔✔a federal health insurance
|\ |\ |\ |\ |\ |\ |\ |\
program for individuals over the age of 65 or permanently
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
disabled
John has a criminal record in which he was convicted of a felony
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
that involved dishonesty. Under Federal law, how would John be
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
able to engage in insurance transactions? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Given written consent by the state insurance regulatory
|\ |\ |\ |\ |\ |\ |\ |\
agency
A Medicare Supplement insurance policy may EXCLUDE coverage
|\ |\ |\ |\ |\ |\ |\ |\
for preexisting conditions for a maximum period of how many
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
months after the policy goes into effect? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔6
, An insured's statement of a policy's benefits which is to be used
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in marketing materials is called a(n) - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔testimony
Jim is covered under a disability income policy. He is hurt while
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
engaged in an occupation that is more hazardous than the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
occupation he specified in the policy. What action will the insurer|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
likely take? - CORRECT ANSWERS ✔✔Reduce the benefit level
|\ |\ |\ |\ |\ |\ |\ |\
All of these are considered to be a violation of the Federal Fraud
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
and False Statements Act EXCEPT
|\ |\ |\ |\
- Overvaluing land
|\ |\
- Abstracting funds
|\ |\
- False entries on reports
|\ |\ |\ |\
-Claims reimbursement - CORRECT ANSWERS ✔✔Claims
|\ |\ |\ |\ |\ |\
reimbursement
For group health plans covering employees in more than one
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
state, the state regulatory jurisdiction established for the plan
|\ |\ |\ |\ |\ |\ |\ |\ |\
may affect any of the following aspects EXCEPT
|\ |\ |\ |\ |\ |\ |\
- Minimum enrollment percentages
|\ |\ |\
- Eligibility qualifications
|\ |\
- Required contract provisions
|\ |\ |\
- COBRA continuation of coverage - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔COBRA continuation of coverage |\ |\ |\
