2025 KENTUCKY HEALTH INSURANCE VERIFIED QUESTION
WITH ANSWERS 2025/2026
What is the purpose of the rehabilitation benefit in disability insurance? A. To
compensate the insured for the lost income. B. To refund the insured's premium paid
during the disability. C. To help the insured recover from a disability. D. To cover the
expenses of retraining the insured to return to work. - D. To cover the expenses of
retraining the insured to return to work.
An insurance company must notify the Commissioner whenever it terminates an agent's
appointment within how many days of the termination date? A. 10 days B. 15 days C.
30 days D. 60 days - C. 30 days
Every insurer marketing long-term care insurance must establish marketing procedures
to ensure all of the following EXCEPT... A. Excessive insurance will not be sold. B.
Every reasonable efforts is made to identify an applicant's other insurance. C. LTC
policies are marketed effectively to prospective insureds. D. Comparisons of policies are
fair and accurate. - C. LTC policies are marketed effectively to prospective insureds.
Which of the following would be considered an illegal inducement to purchase
insurance? A. Confirming future dividends in a life insurance proposal. B. Mailing an
agency brochure to a prospective client. C. Listing the insurance companies the agency
represents in a letter. D. Inviting prospective clients to the grand opening of the
producer's new office. - A. Confirming future dividends in a life insurance proposal.
What is a typical deductible for basic surgical expense insurance? A. 0 B. 100 C. 200 D.
300 - A. 0
Which of the following would NOT justify the revocation of an insurance license? A.
Misrepresentation B. Using license to place business solely on an agent's own property.
C. Sharing commissions with another licensed agent. D. Rebating - C. Sharing
commissions with another licensed agent.
Group policy types are determined by two facts, whether the policy is contributory or
noncontributory and... A. Whether the policy is paid by annual premiums or monthly
premiums. B. Whether or not the policy will be covering dependents. C. The size of the
group D. Whether the policy is occupational or nonoccupational. - D. Whether the policy
is occupational or nonoccupational.
When the insured initiates the cancellation of a policy, the unearned premium will be
refunded on a... A. Short rate basis B. extended term basis C. Pro rata basis D. Per
occurrence basis - A. Short rate basis.
Which describes the features of a comprehensive major medical policy? A. Basic
medical expense benefits are provided in a single package B. The deductible is always
, expressed as deferred amount C. It is the same as major medical insurance D. There is
no coinsurance - A. Basic medical expense benefits are provided in a single package.
Under what condition are group disability income benefits received by an employee
NOT taxable as income? A. When the benefits received are equal or less than the
employee's percentage of the contribution B. When the employer makes all the
premium payments. C. When the employee is 59 1/2 D. When the amount of the benefit
is equal or less than the amount of contributed by the employer. - A. When the benefits
received are equal or less than the employee's percentage of the contributions.
How many pints of blood will be paid for by Medicare supplement core benefits? A. First
2 B. None, Medicare pays for it all. C. Everything after first 3 D. 1 pint - A. First 3
An insured is covered under 2 group health plans - under his own and his spouse's. He
had suffered a loss of $2,000. After the insured paid the total of $500 in deductibles and
coinsurance, the primary insurer covered $1,500 of medical expenses. What amount, if
any, would be paid by the secondary insurer? A. 0 B. 500 C. 1000 D. 2000 - B. 500
Individuals who itemize deductions can claim deductions for medical expenses not
covered by health insurance that exceed what percent of their adjusted gross income?
A. 5% B. 7% C. 10% D. 15% - C. 10%
What is another name for an Administrative Services only arrangement? A. Self funding
B. Third party administrator C. A modified fully insured plan D. Modified endowment
contract - B. Third party administrator
Social Security Supplement SIS or Social Security riders would provide for the payment
of income benefit in each of the situations except A. If the insured has been denied
coverage under social security B. When the amount payable under social security is
more than the amount payable under the rider. C. When used to replace or supplement
benefits payable under other social insurance programs D. When the insured is eligible
for Social Security benefits but before the benefits begin - B. When the amount payable
under social security is more than the amount payable under the rider.
The provision in a health insurance policy that ensures that the insurer cannot refer to
any document that is not contained in the contract is the... A. Entire contract clause. B.
Time limit on certain defenses clause. C. Incontestability clause D. Legal action - A.
Entire contract clause
Which clause states that a representation may NOT be contested after a two-year
period? A. Free look. B. Noto contendere C. Grace period D. Incontestability - D.
Incontestability
The total of all assessments upon a member insurer for each account cannot legally
exceed what percent of the insurer's premium received in this state during the calendar
year preceding the assessment? A. 2% B. 12% C. 5% D. 20% - A. 2%
WITH ANSWERS 2025/2026
What is the purpose of the rehabilitation benefit in disability insurance? A. To
compensate the insured for the lost income. B. To refund the insured's premium paid
during the disability. C. To help the insured recover from a disability. D. To cover the
expenses of retraining the insured to return to work. - D. To cover the expenses of
retraining the insured to return to work.
An insurance company must notify the Commissioner whenever it terminates an agent's
appointment within how many days of the termination date? A. 10 days B. 15 days C.
30 days D. 60 days - C. 30 days
Every insurer marketing long-term care insurance must establish marketing procedures
to ensure all of the following EXCEPT... A. Excessive insurance will not be sold. B.
Every reasonable efforts is made to identify an applicant's other insurance. C. LTC
policies are marketed effectively to prospective insureds. D. Comparisons of policies are
fair and accurate. - C. LTC policies are marketed effectively to prospective insureds.
Which of the following would be considered an illegal inducement to purchase
insurance? A. Confirming future dividends in a life insurance proposal. B. Mailing an
agency brochure to a prospective client. C. Listing the insurance companies the agency
represents in a letter. D. Inviting prospective clients to the grand opening of the
producer's new office. - A. Confirming future dividends in a life insurance proposal.
What is a typical deductible for basic surgical expense insurance? A. 0 B. 100 C. 200 D.
300 - A. 0
Which of the following would NOT justify the revocation of an insurance license? A.
Misrepresentation B. Using license to place business solely on an agent's own property.
C. Sharing commissions with another licensed agent. D. Rebating - C. Sharing
commissions with another licensed agent.
Group policy types are determined by two facts, whether the policy is contributory or
noncontributory and... A. Whether the policy is paid by annual premiums or monthly
premiums. B. Whether or not the policy will be covering dependents. C. The size of the
group D. Whether the policy is occupational or nonoccupational. - D. Whether the policy
is occupational or nonoccupational.
When the insured initiates the cancellation of a policy, the unearned premium will be
refunded on a... A. Short rate basis B. extended term basis C. Pro rata basis D. Per
occurrence basis - A. Short rate basis.
Which describes the features of a comprehensive major medical policy? A. Basic
medical expense benefits are provided in a single package B. The deductible is always
, expressed as deferred amount C. It is the same as major medical insurance D. There is
no coinsurance - A. Basic medical expense benefits are provided in a single package.
Under what condition are group disability income benefits received by an employee
NOT taxable as income? A. When the benefits received are equal or less than the
employee's percentage of the contribution B. When the employer makes all the
premium payments. C. When the employee is 59 1/2 D. When the amount of the benefit
is equal or less than the amount of contributed by the employer. - A. When the benefits
received are equal or less than the employee's percentage of the contributions.
How many pints of blood will be paid for by Medicare supplement core benefits? A. First
2 B. None, Medicare pays for it all. C. Everything after first 3 D. 1 pint - A. First 3
An insured is covered under 2 group health plans - under his own and his spouse's. He
had suffered a loss of $2,000. After the insured paid the total of $500 in deductibles and
coinsurance, the primary insurer covered $1,500 of medical expenses. What amount, if
any, would be paid by the secondary insurer? A. 0 B. 500 C. 1000 D. 2000 - B. 500
Individuals who itemize deductions can claim deductions for medical expenses not
covered by health insurance that exceed what percent of their adjusted gross income?
A. 5% B. 7% C. 10% D. 15% - C. 10%
What is another name for an Administrative Services only arrangement? A. Self funding
B. Third party administrator C. A modified fully insured plan D. Modified endowment
contract - B. Third party administrator
Social Security Supplement SIS or Social Security riders would provide for the payment
of income benefit in each of the situations except A. If the insured has been denied
coverage under social security B. When the amount payable under social security is
more than the amount payable under the rider. C. When used to replace or supplement
benefits payable under other social insurance programs D. When the insured is eligible
for Social Security benefits but before the benefits begin - B. When the amount payable
under social security is more than the amount payable under the rider.
The provision in a health insurance policy that ensures that the insurer cannot refer to
any document that is not contained in the contract is the... A. Entire contract clause. B.
Time limit on certain defenses clause. C. Incontestability clause D. Legal action - A.
Entire contract clause
Which clause states that a representation may NOT be contested after a two-year
period? A. Free look. B. Noto contendere C. Grace period D. Incontestability - D.
Incontestability
The total of all assessments upon a member insurer for each account cannot legally
exceed what percent of the insurer's premium received in this state during the calendar
year preceding the assessment? A. 2% B. 12% C. 5% D. 20% - A. 2%
