PearsonVue Health Insurance Practice
Exam Questions With Complete
Solutions
Medicare Part A covers which of the following expenses? - CORRECT ANSWER-
Hospital room and board
Which of the following reports may include information obtained by a telephone call to
the proposed insured? - CORRECT ANSWER-Inspection report
An individual who has had a heart murmur since birth is likely to be issued an individual
disability policy that includes: - CORRECT ANSWER-an Exclusionary/ Impairment rider
On June 1, S purchased a Major Medical policy and paid the initial premium to Producer
T. On July 1, Producer T received the policy from the insurance company. The policy
contained a Ten-Day Free Look provision. On July 3, Producer T attempted to deliver
the policy but found that S was not at home. On July 5, Producer T was able to deliver
the policy to S. On July 7, S decided he did not want the policy. S had 10 days from
which of the following dates to return the policy to the company and obtain a full
premium refund? - CORRECT ANSWER-July 5
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT: - CORRECT ANSWER-keep the policy in the producer's office for safe-
keeping on behalf of the client
An applicant for insurance submits an application to an insurer for underwriting but does
not forward any premium payment with the application. Legally, the applicant is making:
- CORRECT ANSWER-an inquiry for an offer
, Which of the following definitions of disability would cover a permanent partial disability?
- CORRECT ANSWER-Residual disability
The Elimination Period in most Disability Income policies applies: - CORRECT
ANSWER-to each separate disability
Which of the following statements is CORRECT about a Waiver of Premium provision in
a Disability Income policy? - CORRECT ANSWER-It allows the insured to maintain a
policy in force while disabled and unable to pay premiums.
The Consideration clause in an accident and health policy states the: - CORRECT
ANSWER-the applicant pays the initial premium
All of the following elements are required of a contract EXCEPT: - CORRECT
ANSWER-assignment
A producer and an applicant complete an application for a health policy and submit it to
the insurer for underwriting without any premium. The underwriter issues a policy and
mails it to the producer for delivery to the applicant. The producer should take all of the
following actions during the delivery of the policy to the applicant EXCEPT: - CORRECT
ANSWER-issue a conditional receipt
Under a group health plan, an employer may offer additional benefits to classes of
employees on the basis of all of the following factors EXCEPT: - CORRECT ANSWER-
gender
A health care plan that reimburses a flat fee for medical care it provides at a clinic it
owns and operates is referred to as: - CORRECT ANSWER-a Health Maintenance
Organization
Exam Questions With Complete
Solutions
Medicare Part A covers which of the following expenses? - CORRECT ANSWER-
Hospital room and board
Which of the following reports may include information obtained by a telephone call to
the proposed insured? - CORRECT ANSWER-Inspection report
An individual who has had a heart murmur since birth is likely to be issued an individual
disability policy that includes: - CORRECT ANSWER-an Exclusionary/ Impairment rider
On June 1, S purchased a Major Medical policy and paid the initial premium to Producer
T. On July 1, Producer T received the policy from the insurance company. The policy
contained a Ten-Day Free Look provision. On July 3, Producer T attempted to deliver
the policy but found that S was not at home. On July 5, Producer T was able to deliver
the policy to S. On July 7, S decided he did not want the policy. S had 10 days from
which of the following dates to return the policy to the company and obtain a full
premium refund? - CORRECT ANSWER-July 5
When delivering a policy to a client, a producer should take all of the following actions
EXCEPT: - CORRECT ANSWER-keep the policy in the producer's office for safe-
keeping on behalf of the client
An applicant for insurance submits an application to an insurer for underwriting but does
not forward any premium payment with the application. Legally, the applicant is making:
- CORRECT ANSWER-an inquiry for an offer
, Which of the following definitions of disability would cover a permanent partial disability?
- CORRECT ANSWER-Residual disability
The Elimination Period in most Disability Income policies applies: - CORRECT
ANSWER-to each separate disability
Which of the following statements is CORRECT about a Waiver of Premium provision in
a Disability Income policy? - CORRECT ANSWER-It allows the insured to maintain a
policy in force while disabled and unable to pay premiums.
The Consideration clause in an accident and health policy states the: - CORRECT
ANSWER-the applicant pays the initial premium
All of the following elements are required of a contract EXCEPT: - CORRECT
ANSWER-assignment
A producer and an applicant complete an application for a health policy and submit it to
the insurer for underwriting without any premium. The underwriter issues a policy and
mails it to the producer for delivery to the applicant. The producer should take all of the
following actions during the delivery of the policy to the applicant EXCEPT: - CORRECT
ANSWER-issue a conditional receipt
Under a group health plan, an employer may offer additional benefits to classes of
employees on the basis of all of the following factors EXCEPT: - CORRECT ANSWER-
gender
A health care plan that reimburses a flat fee for medical care it provides at a clinic it
owns and operates is referred to as: - CORRECT ANSWER-a Health Maintenance
Organization
