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Accident and Health Insurance Agent/Broker Practice Exam Questions with Correct Answers
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Accident and Health Insurance Agent/Broker Practice Exam Questions with Correct Answers
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Accident and Health Insurance Agent/Broker PracticeExam Questions with Correct Answers
Sally is considering her Medicare options. She understands that to enroll
in Medicare Part B, she will have to pay a monthly premium. Since she
is healthy, she is considering delaying her enrollment until later. Will
she be able to enroll at a later date?
1.Yes, she can enroll at anytime in the future
2.Yes, however; she would have a permanent premium penalty when she
does enroll
3.No, this is a take or leave it situation
4.Yes, but she would have to show evidence of good health. Correct
Answer-Yes, however; she would have a permanent premium penalty
when she does enroll
Under Medicare Part A, a spell of illness begins again and is subject to a
new deductible for another admission when:
1.The patient has been discharged from a prior stay and 45 days have
elapsed
2.The patient has been discharged from a prior stay and 30 days have
elapsed
3.The patient has been discharged from a prior stay and 60 days have
elapsed
4.The patient has been discharged from a prior stay and 90 days have
elapsed Correct Answer-The patient has been discharged from a prior
stay and 60 days have elapsed
,What type of insurer retains risk?
1.Government insurance.
2.Reinsurers.
3.Self insurers.
4.Assessment insurers. Correct Answer-Self insurers.
A variety of types of care are provided under a long-term care policy.
All of the following are types of care generally provided EXCEPT:
1.Home health care
2.Intensive care
3.Custodial care
4.Skilled care Correct Answer-Intensive care
Melvin has a long-term care policy with a 30-day elimination period.
The policy has a daily benefit of $100/day. The policy has a 3-year
benefit period. If Melvin is confined to a nursing home for 9 months,
how much in benefits will his policy pay?
1.$27,000
2.$18,000
3.$24,000
,4.$17,000 Correct Answer-$24,000
Martin and his friends were at a local tavern celebrating his birthday.
Martin left the bar to drive home, but unfortunately, he was involved in a
fatal accident, killing himself and two other individuals. An autopsy
reveals that Martin was well above the legal limit on his blood alcohol
test. Martin's family will receive the following from his Accidental
Death and Dismemberment policy:
1.His family will receive reduced benefits since other deaths were
involved.
2.His family will receive the principal sum since this was death
3.His family will receive no benefits, since he was in the act of
committing a felony
4.His family will receive no benefits since there was no dismemberment
involved. Correct Answer-His family will receive no benefits, since he
was in the act of committing a felony
An exclusion that always appears in a health policy is:
1.No coverage for drug or alcohol related illness
2.Hernia from an accident
3.Travel outside of the USA
4.Injury in the act of committing a felony Correct Answer-Injury in the
act of committing a felony
, Bruce owns a plan that pays $100 daily benefit for a hospital stay with
no deductible. This kind of policy is known as a (an):
1.Major medical plan
2.Basic plan
3.Indemnity plan
4.Reimbursement plan Correct Answer-Indemnity plan
Under what conditions is the death benefit (principal sum) payable under
an Accidental Death and Dismemberment (AD&D) policy?
1.The insured dies from a grave illness
2.The insured dies from natural causes
3.The insured dies from an accident
4.All of the above Correct Answer-The insured dies from an accident
An insurance agent told a member of his church who had recently
experienced several personal and financial losses that he could see that
she got a more favorable rate on her insurance policies than her health
and general circumstances would warrant. The woman had been his
kindergarten teacher and was a pillar in the community's life. He wanted
to help her. Which of the following is FALSE?
1.The agent was breaking the law.
2.The agent is compassionate.
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