Kentucky Health Insurance exam study
questions with complete solutions
The |full |premium |was |submitted |with |the |application |for |life |insurance, |and |the |policy |was |
issued |two |weeks |later |as |requested. |When |does |the |policy |become |effective? |A. |as |of |the |
application |date
B. |As |of |the |policy |delivery |date
C. |As |of |the |first |of |the |month |after |the |policy |issue |date
D. |As |of |the |policy |issue |date |- |CORRECT |ANSWER✔✔-A. |As |of |the |application |date
All |of |the |following |are |true |about |group |disability |income |insurance |EXCEPT: |A. |The |waiting |
period |starts |at |the |onset |of |the |injury |or |sickness.
B. |The |longer |the |waiting |period, |the |lower |the |premium.
C. |Coverage |applies |both |on |and |off |the |job.
D. |Benefits |are |usually |short |term. |- |CORRECT |ANSWER✔✔-C. |Coverage |applies |both |on |and |
off |the |job.
Under |the |age |discrimination |in |employment |act, |if |the |obligation |of |the |employer |to |provide |
retiree |health |benefits, |what |will |an |individual |younger |than |65 |receive |in |benefits |each |year? |
A. |one-fourth |of |the |benefits |required |under |the |social |security |act. |B. |at |least |10,000. |C. |At |
least |the |value |of |the |Social |Security |Benefits. |D. |The |minimum |established |by |the |employer |- |
CORRECT |ANSWER✔✔-C. |At |least |the |value |of |the |Social |Security |benefits
Disability |income |policies |can |provide |coverage |for |a |loss |of |income |when |returning |to |work |
only |part-time |after |recovering |from |total |disability. |What |is |the |benefit |that |is |based |on |the |
insured's |loss |of |earnings |after |recovery |from |a |disability? |A. |recurrent |disability |B. |partial |
disability |C. |income |replacement |D. |Residual |disability |- |CORRECT |ANSWER✔✔-D. |Residual |
disability
, A |producer |is |acting |in |what |capacity |when |he |or |she |is |trying |to |obtain |credible |information |
about |an |applicant |for |health |insurance? |A. |office |underwriter |B. |General |agent |C. |Consumer |
report |investigator |D. |Field |underwriter |- |CORRECT |ANSWER✔✔-D. |Field |underwriter
Which |of |the |following |riders |would |NOT |increase |the |premium |for |a |policyowner? |A. |
impairment |rider |B. |payor |benefit |rider |C. |Waiver |of |premium |rider |D. |Multiple |indemnity |
rider |- |CORRECT |ANSWER✔✔-A. |impairment |rider
An |insured |wants |to |name |her |husband |as |the |beneficiary |of |her |health |policy. |She |also |
wishes |to |retain |all |of |the |rights |of |ownership. |The |insured |should |have |her |husband |named |
as |what |type |of |beneficiary? |A. |Contingent |B. |Irrevocable |C. |Revocable |D. |Primary |- |CORRECT |
ANSWER✔✔-C. |Revocable
Guarantee |of |insurability |option |in |long-term |care |policies |allows |the |insured |to: |A. |Secure |the
|policy's |nonforfeiture |values |regardless |of |the |insured's |age |or |health |status. |A. |Secure |the |
policy's |value |regardless |of |the |insured's |age |or |health |status. |B. |Increase |benefit |levels |
without |providing |proof |of |insurability. |C. |Add |dependents |to |the |plan |without |providing |proof
|of |their |insurability. |D. |Replace |the |existing |LTC |policy |based |on |the |original |underwriting. |- |
CORRECT |ANSWER✔✔-B. |Increase |benefit |levels |without |providing |proof |of |insurability.
What |is |the |maximum |age |for |qualifying |for |a |catastrophic |plan? |A. |26 |B. |30 |C. |45 |D. |62 |- |
CORRECT |ANSWER✔✔-B. |30
Which |type |of |dental |care |would |cover |operative |treatment |of |the |mouth? |A. |Endodontics |B. |
Orthodontics |C. |Oral |surgery |D. |Restoratvie |- |CORRECT |ANSWER✔✔-C. |Oral |surgery
Under |a |key |person |disability |income |policy, |premium |payments... |A. |Are |made |by |the |
business |and |are |tax-deductible |B. |Are |made |by |the |business |and |are |not |tax |deductible. |C. |
Are |made |by |the |employee |and |are |not |tax |deductible |D. |Are |made |by |the |employee |and |are |
tax |free. |- |CORRECT |ANSWER✔✔-B. |Are |made |by |the |business |and |are |not |tax |deductible.
questions with complete solutions
The |full |premium |was |submitted |with |the |application |for |life |insurance, |and |the |policy |was |
issued |two |weeks |later |as |requested. |When |does |the |policy |become |effective? |A. |as |of |the |
application |date
B. |As |of |the |policy |delivery |date
C. |As |of |the |first |of |the |month |after |the |policy |issue |date
D. |As |of |the |policy |issue |date |- |CORRECT |ANSWER✔✔-A. |As |of |the |application |date
All |of |the |following |are |true |about |group |disability |income |insurance |EXCEPT: |A. |The |waiting |
period |starts |at |the |onset |of |the |injury |or |sickness.
B. |The |longer |the |waiting |period, |the |lower |the |premium.
C. |Coverage |applies |both |on |and |off |the |job.
D. |Benefits |are |usually |short |term. |- |CORRECT |ANSWER✔✔-C. |Coverage |applies |both |on |and |
off |the |job.
Under |the |age |discrimination |in |employment |act, |if |the |obligation |of |the |employer |to |provide |
retiree |health |benefits, |what |will |an |individual |younger |than |65 |receive |in |benefits |each |year? |
A. |one-fourth |of |the |benefits |required |under |the |social |security |act. |B. |at |least |10,000. |C. |At |
least |the |value |of |the |Social |Security |Benefits. |D. |The |minimum |established |by |the |employer |- |
CORRECT |ANSWER✔✔-C. |At |least |the |value |of |the |Social |Security |benefits
Disability |income |policies |can |provide |coverage |for |a |loss |of |income |when |returning |to |work |
only |part-time |after |recovering |from |total |disability. |What |is |the |benefit |that |is |based |on |the |
insured's |loss |of |earnings |after |recovery |from |a |disability? |A. |recurrent |disability |B. |partial |
disability |C. |income |replacement |D. |Residual |disability |- |CORRECT |ANSWER✔✔-D. |Residual |
disability
, A |producer |is |acting |in |what |capacity |when |he |or |she |is |trying |to |obtain |credible |information |
about |an |applicant |for |health |insurance? |A. |office |underwriter |B. |General |agent |C. |Consumer |
report |investigator |D. |Field |underwriter |- |CORRECT |ANSWER✔✔-D. |Field |underwriter
Which |of |the |following |riders |would |NOT |increase |the |premium |for |a |policyowner? |A. |
impairment |rider |B. |payor |benefit |rider |C. |Waiver |of |premium |rider |D. |Multiple |indemnity |
rider |- |CORRECT |ANSWER✔✔-A. |impairment |rider
An |insured |wants |to |name |her |husband |as |the |beneficiary |of |her |health |policy. |She |also |
wishes |to |retain |all |of |the |rights |of |ownership. |The |insured |should |have |her |husband |named |
as |what |type |of |beneficiary? |A. |Contingent |B. |Irrevocable |C. |Revocable |D. |Primary |- |CORRECT |
ANSWER✔✔-C. |Revocable
Guarantee |of |insurability |option |in |long-term |care |policies |allows |the |insured |to: |A. |Secure |the
|policy's |nonforfeiture |values |regardless |of |the |insured's |age |or |health |status. |A. |Secure |the |
policy's |value |regardless |of |the |insured's |age |or |health |status. |B. |Increase |benefit |levels |
without |providing |proof |of |insurability. |C. |Add |dependents |to |the |plan |without |providing |proof
|of |their |insurability. |D. |Replace |the |existing |LTC |policy |based |on |the |original |underwriting. |- |
CORRECT |ANSWER✔✔-B. |Increase |benefit |levels |without |providing |proof |of |insurability.
What |is |the |maximum |age |for |qualifying |for |a |catastrophic |plan? |A. |26 |B. |30 |C. |45 |D. |62 |- |
CORRECT |ANSWER✔✔-B. |30
Which |type |of |dental |care |would |cover |operative |treatment |of |the |mouth? |A. |Endodontics |B. |
Orthodontics |C. |Oral |surgery |D. |Restoratvie |- |CORRECT |ANSWER✔✔-C. |Oral |surgery
Under |a |key |person |disability |income |policy, |premium |payments... |A. |Are |made |by |the |
business |and |are |tax-deductible |B. |Are |made |by |the |business |and |are |not |tax |deductible. |C. |
Are |made |by |the |employee |and |are |not |tax |deductible |D. |Are |made |by |the |employee |and |are |
tax |free. |- |CORRECT |ANSWER✔✔-B. |Are |made |by |the |business |and |are |not |tax |deductible.
