NJ HEALTH AND ACCIDENT TEST||questions and
detailed answers (100% correct verified answers)
||latest updated version|| pass guaranteed|
(Brand New!!)
In what form do disability income policies typically pay benefits: Answer periodic income.
The Mandatory health policy provision specifies that the policy, including endorsements
and attached documents constitutes, Answer :the entire insurance contract between the
parties
The complete contract contains the real policy and the - ANSWER: application.
Employer-sponsored group health insurance covers which of the following - ANSWER:
Alcoholism
ANSWER: Aleatory is the term used to explain the reality that both parties to a contract
may not receive the same value.
,Tom has a home health care benefit and is limited to his house. Which of these is NOT
normally covered? ANSWER: Full-time nursing care.
The insurer can cancel a Medicare Supplement coverage for the following reason:
nonpayment.
Credit Accident and Health policies are meant to Answer: help repay existing loans during
periods of disability.
ANSWER: fee-for-service is a health care payment system in which the provider gets
compensated for each service provided.
An insurance business only pays a sales commission to individuals licensed by the state.
Ken, a producer, received Consumer Information Reports under false pretense. What is
the maximum penalty that Ken could face under the Fair Credit Reporting Act? -
ANSWER: $5,000 and one year in prison.
, A closed network plan includes a $25 primary physician copay. If a subscriber chooses a
primary care physician outside of the network, the customer will most likely pay:
ANSWER: 100% of the billed amount.
What is the maximum penalties for a producer who violates a New Jersey insurance
legislation for the first time? - ANSWER: $5000
A licensed producer is expected to file notification of any changes in address within how
many days? ANSWER: 30 days.
Jonas has disability insurance from his company. The employer pays 75% of the
premium, with Jonas paying the remaining 25%. How much tax does Jonas owe on any
disability benefits received? - ANSWER: You must pay taxes on 75% of the advantages
you receive.
What should an insured do after giving notice of loss if the insurer fails to provide forms?
- ANSWER: Provide written proof of loss.
Which of the following illustrates the insured's consideration? - Answer: A paid premium.
detailed answers (100% correct verified answers)
||latest updated version|| pass guaranteed|
(Brand New!!)
In what form do disability income policies typically pay benefits: Answer periodic income.
The Mandatory health policy provision specifies that the policy, including endorsements
and attached documents constitutes, Answer :the entire insurance contract between the
parties
The complete contract contains the real policy and the - ANSWER: application.
Employer-sponsored group health insurance covers which of the following - ANSWER:
Alcoholism
ANSWER: Aleatory is the term used to explain the reality that both parties to a contract
may not receive the same value.
,Tom has a home health care benefit and is limited to his house. Which of these is NOT
normally covered? ANSWER: Full-time nursing care.
The insurer can cancel a Medicare Supplement coverage for the following reason:
nonpayment.
Credit Accident and Health policies are meant to Answer: help repay existing loans during
periods of disability.
ANSWER: fee-for-service is a health care payment system in which the provider gets
compensated for each service provided.
An insurance business only pays a sales commission to individuals licensed by the state.
Ken, a producer, received Consumer Information Reports under false pretense. What is
the maximum penalty that Ken could face under the Fair Credit Reporting Act? -
ANSWER: $5,000 and one year in prison.
, A closed network plan includes a $25 primary physician copay. If a subscriber chooses a
primary care physician outside of the network, the customer will most likely pay:
ANSWER: 100% of the billed amount.
What is the maximum penalties for a producer who violates a New Jersey insurance
legislation for the first time? - ANSWER: $5000
A licensed producer is expected to file notification of any changes in address within how
many days? ANSWER: 30 days.
Jonas has disability insurance from his company. The employer pays 75% of the
premium, with Jonas paying the remaining 25%. How much tax does Jonas owe on any
disability benefits received? - ANSWER: You must pay taxes on 75% of the advantages
you receive.
What should an insured do after giving notice of loss if the insurer fails to provide forms?
- ANSWER: Provide written proof of loss.
Which of the following illustrates the insured's consideration? - Answer: A paid premium.
