LAWS SET NWM TEST QUESTIONS & ANSWERS
Group dental plans will frequently place a limit on annual benefits in order to minimize -
Answer -adverse selection
In Louisiana legal action can be taken for up to __ year(s) against an insurer for failure
to pay health insurance claims after proof of loss was submitted - Answer -1
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are
paid within - Answer -20 days after the death of the insured
Which of the following does restorative dental treatment cover? - Answer -Crowns
How often must the Commissioner examine each domestic insurance company? -
Answer -Every 5 years
What license is required in order to solicit long term care insurance in LA - Answer -
Health Insurance Producer License
In Louisiana a small employer may not consist of more than how many eligible
employees? - Answer -50
A viatical settlement broker may not - Answer -make any transactions before being
approved for a license
Under the Louisiana Health Plan, comprehensive health benefits are provided to -
Answer -medically uninsurable residents
What must an insurer offer to each long-term care applicant at the time of purchase? -
Answer -Inflation Protection
As classified by the Affordable Care Act (ACA), a Silver Plan offers
60% actuarial level of coverage provided
70% actuarial level of coverage provided
80% actuarial level of coverage provided
90% actuarial level of coverage provided - Answer -70% actuarial level of coverage
provided
According to the Affordable Care Act, what is the maximum amount an individual can
contribute to a Flexible Savings Account - Answer -$2,500
Coverage for newborns under an accident and health plan MUST include coverage for?
- Answer -Birth abnormalities
Group dental plans will frequently place a limit on annual benefits in order to minimize -
Answer -adverse selection
In Louisiana legal action can be taken for up to __ year(s) against an insurer for failure
to pay health insurance claims after proof of loss was submitted - Answer -1
An insurer need NOT pay interest on death benefits if the proceeds of the life policy are
paid within - Answer -20 days after the death of the insured
Which of the following does restorative dental treatment cover? - Answer -Crowns
How often must the Commissioner examine each domestic insurance company? -
Answer -Every 5 years
What license is required in order to solicit long term care insurance in LA - Answer -
Health Insurance Producer License
In Louisiana a small employer may not consist of more than how many eligible
employees? - Answer -50
A viatical settlement broker may not - Answer -make any transactions before being
approved for a license
Under the Louisiana Health Plan, comprehensive health benefits are provided to -
Answer -medically uninsurable residents
What must an insurer offer to each long-term care applicant at the time of purchase? -
Answer -Inflation Protection
As classified by the Affordable Care Act (ACA), a Silver Plan offers
60% actuarial level of coverage provided
70% actuarial level of coverage provided
80% actuarial level of coverage provided
90% actuarial level of coverage provided - Answer -70% actuarial level of coverage
provided
According to the Affordable Care Act, what is the maximum amount an individual can
contribute to a Flexible Savings Account - Answer -$2,500
Coverage for newborns under an accident and health plan MUST include coverage for?
- Answer -Birth abnormalities
