Kentucky Health Insurance Exam Questions and
Correct Answers | Highly Most Frequently Tested
Questions and 100% Accurate | Graded A+ , Reviewed
and Well Revised | Well Elaborated and Latest Update
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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
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
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 company
Correct Answer: D. Authorized Company
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
Trent Bixley is named by the insured, Nancy Bixley as the first in line to recieve
the death benefit provided by Nancy's accident policy. Their daughter Elaine is
named as second in line to recieve the benefit. Which statement is correct?
A. Trent is the primary beneficiary and Elaine is the contingent beneficiary
B. Trent is the contingent beneficiary and Nancy is the primary beneficiary.
C. Nancy is the primary beneficiary and Elaine is the contingent beneficiary
Correct Answers | Highly Most Frequently Tested
Questions and 100% Accurate | Graded A+ , Reviewed
and Well Revised | Well Elaborated and Latest Update
| Latest Exam and Newest Version!!!
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
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
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 company
Correct Answer: D. Authorized Company
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
Trent Bixley is named by the insured, Nancy Bixley as the first in line to recieve
the death benefit provided by Nancy's accident policy. Their daughter Elaine is
named as second in line to recieve the benefit. Which statement is correct?
A. Trent is the primary beneficiary and Elaine is the contingent beneficiary
B. Trent is the contingent beneficiary and Nancy is the primary beneficiary.
C. Nancy is the primary beneficiary and Elaine is the contingent beneficiary
