NJ Health and Accident Prep Exam Questions Answered Correctly.
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Course
Nj accident and health producer
Institution
Nj Accident And Health Producer
In what form do disability income policies typically pay benefits - Answer Periodic income
The Mandatory health policy provision states that the policy, including endorsements and attached papers, constitutes - Answer The entire insurance contract between the parties
The entire contract...
NJ Health and Accident Prep Exam
Questions Answered Correctly.
In what form do disability income policies typically pay benefits - Answer Periodic income
The Mandatory health policy provision states that the policy, including endorsements and attached
papers, constitutes - Answer The entire insurance contract between the parties
The entire contract includes the actual policy and the - Answer application
employer sponsored group health insurance provides coverage for which of the following - Answer
Alcoholism
The term which describes the fact that both parties of a contract may not receive the same value is
referred to as - Answer Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT typically covered
- Answer Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - Answer Nonpayment
Credit Accident and Health plans are designed to - Answer help pay off existing loans during periods of
disability
A payment system for health care in which the provider is paid for each service given is called - Answer
fee-for-service
An insurance company ONLY pay a sales commission to - Answer individuals licensed by the state
, Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the Fair
Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? - Answer $5000 and
1 year imprisonment
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care
physician outside of the network, the subscriber will likely pay - Answer 100% of the billed amount
What is the maximum fine for a producer violating an NJ insurance law for the first time? - Answer
$5000
A licensed producer is required to file notice to any changes of address within how many days - Answer
30 days
Jonas has disability insurance through his employer. The employer pays 75% of the premium, and Jonas
pays the other 25%. What is Jonas's tax liability for any benefits paid from the disability plan? - Answer
Taxes must be paid on 75% of the benefits received
After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? -
Answer File written proof of loss
Which of the following is an example of the insured's consideration? - Answer A paid premium
A(n) _______ insurance company is one that was formed under the laws of a state other than NJ -
Answer Foreign
Kathy pays a monthly premium on her health insurance policy. How long is her grace period? - Answer
10 days
Insurance licenses are intended to be issued for the purpose of authorizing the transaction of business
with members of the general public and not primarily allowing someone to benefit from commissions on
business that insurers their personal interest. The description of which of the following? - Answer
Controlled business
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