Classrep2

A service that charges a flat fee for medical care provided at its own clinic is called a: Select one: a. Risk Retention Group. b. Blue Cross/Blue Shield organization. c. Health Maintenance organization. d. Multiple Employer Trust (MET). - ANSWERc. Health Maintenance organization. HMOs provide the Health Care coverage, as well as the medical care itself (including prescription medication). HMO members are allowed to go to hospitals, physicians, or clinics that are part of the plan, o...

Total disability definition can - ANSWERvary among policies and companies Permanent partial disability would be covered by - ANSWERresidual disability An agent discussing disability income coverage with an individual who has recently finished college and started with an entry level job. What rider should the agent recommend for the client? - ANSWERGuaranteed insurability rider Allows you to purchase additional disability income insurance in the future without having to prove insurabilit...

Public Adjuster License - ANSWERA solicitors/adjusters license is valid for two years and must be renewed every two years Public Adjuster Bond - ANSWER$10,000 bond is required for solicitors/adjusters Proof of Loss - ANSWERdocumentation of loss required of a policy owner by an insurance company; must usually be filed within 60 days after the request of the insured or according to policy provision, 60 days after the date of loss Loss to a Pair or Set - ANSWER(1) repair or replace any par...

non-resident producer - ANSWERout of state prelicensing education required for each line of authority - ANSWER20 hours Period of time that temporary WORK AUTHORITY is valid - ANSWER60 days How long to apply for license after completing PRELICENSING education? - ANSWER2 years To apply for a license after passing the licensing EXAMINATION - ANSWER1 YEAR Temporary LICENSE valid - ANSWER180 days

Renewable Term Life Insurance - ANSWERAn insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. Fixed-amount - ANSWERThe settlement option that provides for payments to be made in regular installments to a beneficiary until the principal and interest are exhausted best describes: Must give public reasonable access. - ANSWERWhat hours of operation is a branch office required to have? Amount of indeptness - ANSWERUnde...

False - ANSWERAs people age, they get wiser False - ANSWERMost older people end up in Nursing Homes True - ANSWERSexuality is still a part of aging True - ANSWERCreativity can actually

The Commissioner must approve - ANSWERContinuing education courses Employer sponsored group health insurance provides coverage for which of the following? Self-inflicted injuries cosmetic surgery custodial care alcoholism - ANSWERalcoholism A Medicare supplement policy can be cancelled by the insurer for - ANSWERNonpayment Which entity is responsible for regulating insurance advertising in NJ? - ANSWERNew Jersey Department of Banking and Insurance Which of the following are ret...

Cash Basis Accounting - ANSWERKeeping records that shows only income actually received during a fiscal period and only expenses paid during a fiscal year. *Record income when cash or check is received *Record expense when check is written Accrual Basis Accounting - ANSWERKeeping records that show all income earned during a fiscal period even though it isn't received yet and all expenses incurred during a fiscal period even though the expenses are not yet paid *Record income when a bill is...

A) Licensed Nurse B) Registered Professional Nurse C) The Administrator D) Residents Physician - ANSWERRegistered Professional Nurse A reportable event requires notification of the DOH - ANSWERimmediately by telephone and in writing 72 hours Discharge records should include - ANSWERdestination of residents who are discharged Personal Care Assistants who are not certified must complete and approved program and pass the exam within - ANSWER6 months of hire date Number of air exchan...

Aging in Place - ANSWERprocess which allows individuals to remain in their living environment despite cognitive or physical decline occurred in aging AL census must be Medicaid - ANSWER10% AL census must be Long Term Care (LTC) - ANSWER20%. 3 years after opening Assisted Living Principles - ANSWERPromotes maximum independence Promotes dignity Promotes self-direction & participation Allows aging in place AL Values - ANSWERDIPCI Dignity Individuality Privacy Choice Inde...