ARKANSAS HEALTH INSURANCE EXAM WITH VERIFIED ANSWERS
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ARKANSAS HEALTH INSURANCE
Institution
ARKANSAS HEALTH INSURANCE
ARKANSAS HEALTH INSURANCE EXAM WITH VERIFIED ANSWERS
If an agent makes a correction on the ap-
plication for health insurance, who must
initial the correct answer?
What is the term used for a written re-
quest for an insurer to issue an insurance
contract based on the provided informa-
tion?...
ARKANSAS HEALTH INSURANCE EXAM WITH VERIFIED ANSWERS
If an agent makes a correction on the ap-
plication for health insurance, who must The applicant
initial the correct answer?
What is the term used for a written re-
quest for an insurer to issue an insurance
Application
contract based on the provided informa-
tion?
What information are the members of the
Adverse medical information about the
Medical Information Bureau required to
applicants or insured.
report?
When should an agent obtain a State- When the premium was paid upon policy
ment of Good Health from the insured? delivery and not the time of application.
What is the entire contract in health in-
The application and policy issued.
surance underwriting?
What entities make up the Medical Infor-
Insurers
mation Bureau?
What is the best way to make a change
Start over with a fresh application
on an application for insurance?
In health insurance, the policy itself and
The entire contract
the insurance application form what?
If an insurer decides to obtain medical
information from different sources in or-
der to determine the insurability of an The applicant
applicant, who must be notified of the
investigation?
Who must sign a health insurance appli- The policyowner, the insured (if differ-
cation? ent), and the agent
If an underwriter requires extensive in-
formation about the applicant's medical
Attending Physicians statement
history, what report will best serve this
purpose?
Who is responsible for paying the cost
of a medical examination required in the Insurer
process of underwriting?
, ARKANSAS HEALTH INSURANCE EXAM WITH VERIFIED ANSWERS
Whose responsibility is it to inform an ap-
plicant for health insurance about the in- The agent
surer's information gathering practices?
What type of hospital policy pays a fixed
amount each day that the insured is in Hospital indemnity
the hospital?
What is the term for a period of time
immediately following a disability during Elimination period
which benefits are not payable?
What is the primary purpose of disability
To replace income lost due to a disability
income insurance?
Who are the parties in a group health
The employer and the insurer
contract?
Under what type of care do insur-
ers negotiate contracts with health care
providers to allow subscribers have ac- Preferred Provider Organization (PPO)
cess to health care services at a favor-
able cost?
How are HMO territories typically divid-
geographic areas
ed?
To help catch health problems early
Why do HMOs encourage members to
when treatment has the greatest chance
get regular checkups?
for success (i.e. preventive care)
Who chooses a primary care physician
The individual member
in an HMO plan?
Under a fee-for-service plan, providers
What is a fee-for-service health plan? receive payments for each service pro-
vided
What are the three types of basic med-
Hospital, surgical, and medical
ical expense insurance?
What is the capital sum in Acciden-
tal Death and Dismemberment (AD&D) A percentage of the principle sum
coverage?
Preventive care
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