Health Insurance Exam Kentucky Questions
With Correct Answers
All |of |the |following |statements |about |non-cancellable |policies |are |true |EXCEPT |
A. |A |noncancellible |police |is |also |called |a |noncancellible |and |guaranteed |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 |- |CORRECT |ANSWER✔✔-C. |The |insurer |may |increase |the |premium |
rate |after |the |policy |is |in |effect |provided |it |does |so |by |classes |of |insureds
Which |of |the |following |qualifies |as |a |compensable |injury |under |workers |compensation |
coverage?
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 |- |CORRECT |ANSWER✔✔-A. |A |factory |worker |fractures |an |elbow |
while |working |overtime
Which |of |the |following |represents |certain |consumer |safeguards |enacted |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 |- |CORRECT |ANSWER✔✔-C. |Information |and |privacy |protection |act
The |optional |short |term |disability |income |benefit |that |pays |a |lump |sum |for |specified |injuries |is
|called |the |
A. |hospital |income |benefit |
B. |elective |indemnity |benefit |
C. |supplemental |income |benefit |
D. |partial |disability |benefit |- |CORRECT |ANSWER✔✔-B. |elective |indemnity |benefit
The |type |of |health |care |provider |that |provides |birth |the |health |care |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 |- |CORRECT |ANSWER✔✔-B. |health |maintenance |
organization
,Dread |disease, |travel |accident, |vision |care, |and |hospital |indemnity |policies |are |all |examples |of |
A. |ltc |policies |
B. |limited |policies |
C. |group |policies |
D. |blanket |policies |- |CORRECT |ANSWER✔✔-B. |Limited |Policies
Which |of |the |following |are |NOT |eligible |for |Medicare |coverage?
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 |
D. |People |with |any |life-threatening |condition |- |CORRECT |ANSWER✔✔-D. |People |with |any |life |
threatening |condition
A |company |that |I |licensed |to |sell |insurance |in |a |particular |state |is |
A. |domestic |
B. |Alien |
C. |non |admitted |company |
D. |Authorized |comany |- |CORRECT |ANSWER✔✔-D. |Authorized |Company
, 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 |application |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. |- |CORRECT |ANSWER✔✔-A. |
Cancel |the |policy
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? |- |CORRECT |ANSWER✔✔-Stop-
Loss |Limit
With |regard |to |group |insurance, |who |has |the |responsibility |to |apply |for |coverage, |provide |
information |about |the |group, |maintain |the |policy, |and |pay |premiums?
A. |The |agent |that |wrote |the |group |coverage |
B. |The |insurer |that |provides |the |group |coverage |
C. |The |individuals |that |make |up |the |group |
D. |The |master |policy |owner |- |CORRECT |ANSWER✔✔-D. |The |master |policy |owner
With Correct Answers
All |of |the |following |statements |about |non-cancellable |policies |are |true |EXCEPT |
A. |A |noncancellible |police |is |also |called |a |noncancellible |and |guaranteed |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 |- |CORRECT |ANSWER✔✔-C. |The |insurer |may |increase |the |premium |
rate |after |the |policy |is |in |effect |provided |it |does |so |by |classes |of |insureds
Which |of |the |following |qualifies |as |a |compensable |injury |under |workers |compensation |
coverage?
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 |- |CORRECT |ANSWER✔✔-A. |A |factory |worker |fractures |an |elbow |
while |working |overtime
Which |of |the |following |represents |certain |consumer |safeguards |enacted |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 |- |CORRECT |ANSWER✔✔-C. |Information |and |privacy |protection |act
The |optional |short |term |disability |income |benefit |that |pays |a |lump |sum |for |specified |injuries |is
|called |the |
A. |hospital |income |benefit |
B. |elective |indemnity |benefit |
C. |supplemental |income |benefit |
D. |partial |disability |benefit |- |CORRECT |ANSWER✔✔-B. |elective |indemnity |benefit
The |type |of |health |care |provider |that |provides |birth |the |health |care |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 |- |CORRECT |ANSWER✔✔-B. |health |maintenance |
organization
,Dread |disease, |travel |accident, |vision |care, |and |hospital |indemnity |policies |are |all |examples |of |
A. |ltc |policies |
B. |limited |policies |
C. |group |policies |
D. |blanket |policies |- |CORRECT |ANSWER✔✔-B. |Limited |Policies
Which |of |the |following |are |NOT |eligible |for |Medicare |coverage?
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 |
D. |People |with |any |life-threatening |condition |- |CORRECT |ANSWER✔✔-D. |People |with |any |life |
threatening |condition
A |company |that |I |licensed |to |sell |insurance |in |a |particular |state |is |
A. |domestic |
B. |Alien |
C. |non |admitted |company |
D. |Authorized |comany |- |CORRECT |ANSWER✔✔-D. |Authorized |Company
, 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 |application |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. |- |CORRECT |ANSWER✔✔-A. |
Cancel |the |policy
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? |- |CORRECT |ANSWER✔✔-Stop-
Loss |Limit
With |regard |to |group |insurance, |who |has |the |responsibility |to |apply |for |coverage, |provide |
information |about |the |group, |maintain |the |policy, |and |pay |premiums?
A. |The |agent |that |wrote |the |group |coverage |
B. |The |insurer |that |provides |the |group |coverage |
C. |The |individuals |that |make |up |the |group |
D. |The |master |policy |owner |- |CORRECT |ANSWER✔✔-D. |The |master |policy |owner
