NJ HEALTH AND ACCIDENT INSURANCE EXAM 2026
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS LATEST UPDATES (VERIFIED ANSWERS)
ALREADY GRADED A+
The Commissioner must approve - ANSWERS-Continuing education courses
Employer sponsored group health insurance provides coverage for which of the following?
Self-inflicted injuries
cosmetic surgery
custodial care
alcoholism - ANSWERS-alcoholism
A Medicare supplement policy can be cancelled by the insurer for - ANSWERS-Nonpayment
Which entity is responsible for regulating insurance advertising in NJ? - ANSWERS-New Jersey
Department of Banking and Insurance
Which of the following are retained at the expense of an insurance buyer to give advice on
insurance needed by the buyer?
Brokers and consultants
Insurance prospectors
,Third-party adminstrators
Agents - ANSWERS-Brokers and consultants
Written notice for a health claim must be given to the insurer ___ days after the occurrence of
the loss. - ANSWERS-20
In which of the following situations would the insurer be liable for a loss?
a) The insured skipped a payment beyond the 31 day grace period
b) The insured was injured while participating in an illegal occupation
c) The insured was given a notice of cancellation from the insurer
d) The insured suffered an injury as an innocent bystander during a bank robbery - ANSWERS-d)
The insured suffered an injury as an innocent bystander during a bank robbery
When a Medicare supplement policy is purchased during the open enrollment period -
ANSWERS-The policy must be issued regardless of health status
In what form do disability income policies typically pay benefits? - ANSWERS-Periodic income
What is considered to be the primary reason for buying life insurance? - ANSWERS-Provide
death benefits
A newborn is required to be covered for ____ days from the moment of birth - ANSWERS-30
Once an accident and health insurance policy has been in force for ___ year(s), the policy may
NOT be contested by the insurer - ANSWERS-2
, A doctor who accepts Medicare assignment agrees to which of the following
- Doctor may charge up to a maximum of 15% more than Medicare pays for the service
- Doctor is not bound by Medicare's limitations on charges
- Doctor cannot charge more than Medicare's scheduled coverage
- Doctor bills the Medicare beneficiary directly for services performed - ANSWERS-Doctor
cannot charge more than Medicare's scheduled coverage
What is issued to each employee with an employer health plan? - ANSWERS-Certificate
What is the tax liability for employer contributions in Health Savings Accounts (HSA's)? -
ANSWERS-No tax payment needed
All of these are considered sources of information that can assist an underwriter in determining
whether or not to accept a risk EXCEPT
Agent's report
Medical Information Bureau (MIB)
Inspection reports
National Association of Insurance Underwriters - ANSWERS-National Association of Insurance
Underwriters
In NJ, health insurance advertisements are required to contain the - ANSWERS-insurance
company's name
Replacement regulation is designed to protect the interests of - ANSWERS-Policyowners
ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS LATEST UPDATES (VERIFIED ANSWERS)
ALREADY GRADED A+
The Commissioner must approve - ANSWERS-Continuing education courses
Employer sponsored group health insurance provides coverage for which of the following?
Self-inflicted injuries
cosmetic surgery
custodial care
alcoholism - ANSWERS-alcoholism
A Medicare supplement policy can be cancelled by the insurer for - ANSWERS-Nonpayment
Which entity is responsible for regulating insurance advertising in NJ? - ANSWERS-New Jersey
Department of Banking and Insurance
Which of the following are retained at the expense of an insurance buyer to give advice on
insurance needed by the buyer?
Brokers and consultants
Insurance prospectors
,Third-party adminstrators
Agents - ANSWERS-Brokers and consultants
Written notice for a health claim must be given to the insurer ___ days after the occurrence of
the loss. - ANSWERS-20
In which of the following situations would the insurer be liable for a loss?
a) The insured skipped a payment beyond the 31 day grace period
b) The insured was injured while participating in an illegal occupation
c) The insured was given a notice of cancellation from the insurer
d) The insured suffered an injury as an innocent bystander during a bank robbery - ANSWERS-d)
The insured suffered an injury as an innocent bystander during a bank robbery
When a Medicare supplement policy is purchased during the open enrollment period -
ANSWERS-The policy must be issued regardless of health status
In what form do disability income policies typically pay benefits? - ANSWERS-Periodic income
What is considered to be the primary reason for buying life insurance? - ANSWERS-Provide
death benefits
A newborn is required to be covered for ____ days from the moment of birth - ANSWERS-30
Once an accident and health insurance policy has been in force for ___ year(s), the policy may
NOT be contested by the insurer - ANSWERS-2
, A doctor who accepts Medicare assignment agrees to which of the following
- Doctor may charge up to a maximum of 15% more than Medicare pays for the service
- Doctor is not bound by Medicare's limitations on charges
- Doctor cannot charge more than Medicare's scheduled coverage
- Doctor bills the Medicare beneficiary directly for services performed - ANSWERS-Doctor
cannot charge more than Medicare's scheduled coverage
What is issued to each employee with an employer health plan? - ANSWERS-Certificate
What is the tax liability for employer contributions in Health Savings Accounts (HSA's)? -
ANSWERS-No tax payment needed
All of these are considered sources of information that can assist an underwriter in determining
whether or not to accept a risk EXCEPT
Agent's report
Medical Information Bureau (MIB)
Inspection reports
National Association of Insurance Underwriters - ANSWERS-National Association of Insurance
Underwriters
In NJ, health insurance advertisements are required to contain the - ANSWERS-insurance
company's name
Replacement regulation is designed to protect the interests of - ANSWERS-Policyowners
