NJ Health State Insurance Exam

NJ Life and Health XCEL questions (Post course exam) Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated? - correct answer-Taxable Income Which of these is not a non forfeiture option - correct answer-Reduction of Premium W...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called? Cancelable 3 multiple choice options A policyowner can receive a percentage payment of the death benefits prior to death by using what kind of contract? ...

non-resident producer - correct answer-out of state prelicensing education required for each line of authority - correct answer-20 hours Period of time that temporary WORK AUTHORITY is valid - correct answer-60 days How long to apply for license after completing PRELICENSING education? - correct ...

The Legal actions provisions of an accident and sickness policy require - correct answer-An insured wait at least 60 days after the submission of proof of loss before starting a law suit Pre-existing conditions are deferred to during this provision - correct answer-Time limit on certain defenses ...

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 organisation. c. Health Maintenance organisation. d. Multiple Employer Trust (MET). - correct answer-c. Health Maintenance organization. HMO...

A long-term care policy typically provides all of the following levels of care EXCEPT Skilled care Intermediate care Acute care Custodial care - correct answer-acute care All of the following are included as part of a contract in the entire contract provision EXCEPT the: Riders application ...

In what form do disability income policies typically pay benefits - correct answer-Periodic income The Mandatory health policy provision states that the policy, including endorsements and attached papers, constitutes - correct answer-The entire insurance contract between the parties The entire ...

According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT: - if the insured is able to eventually return to work -if the death is suicide or due to a pre existing condition -when the policy is in the incontestability per...

The Agent/ Producer is - correct answer-The legal representative of an insurance company The Applicant/ Proposed insured is - correct answer-a person applying for the insurance The insurable interest is - correct answer-the policy owner facing the possibility of losing something of value in the e...

The benefit period under New Jersey Temporary Disability Law is: A) 14 weeks B) 26 weeks C) 86 weeks D) 52 weeks - correct answer-B In the case of replacement of a group health insurance policy, if a person is not covered by the succeeding plan's eligibility rules because of absence from work...

The Commissioner must approve - correct answer-Continuing education courses Employer sponsored group health insurance provides coverage for which of the following? Self-inflicted injuries cosmetic surgery custodial care alcoholism - correct answer-alcoholism A Medicare supplement policy can be...

Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - correct answer-Home health care Which of the following is NOT a federal requirement of a qualified plan? - correct answer-Employee must be able to make unlimi...