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NJ Health and Accident 100% VERIFIED ANSWERS 2024/2025 CORRECT RATED A++
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NJ Health and Accident 100% VERIFIED ANSWERS 2024/2025 CORRECT In what form do disability income policies typically pay benefits Periodic income The Mandato ry health policy provision states that the policy, including endorsements and attached papers, constitutes The entire insurance contract between the parties The entire contract includes the actual policy and the application employer sponsored group health insurance provides coverage for which of the following Alcoholism The term which describes the fact that both parties of a contract may not receive the same value is referred to as Aleatory Tom has a home health care benefit and is confined to his home. Wh ich of these is NOT typically covered Full-time nursing care A Medicare Supplement policy can be cancelled by the insurer for Nonpayment Credit Accident and Health plans are designed to 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 fee-for-service An insurance company ONLY pay a sales commission to individuals licensed by the state Ken is a producer who has obtained Consumer Information Re ports under false pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? $5000 and 1 year imprisonment A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care ph ysician outside of the network, the subscriber will likely pay 100% of the billed amount What is the maximum fine for a producer violating an NJ insurance law for the first time? $5000 A licensed producer is required to file notice to any changes of addres s within how many days 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? 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? File written proof of loss Which of the following is an example of the insured's consideration? A paid premium A(n) _______ insurance company is one that was formed under the laws of a state other than NJ Foreign Kathy pays a monthly premium on her health insurance policy. How long is her grace period? 10 days Insurance licenses are intended to be issued for the purpose of authorizing t he 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? Controlled business A master contract and certified coverage can be found in which type of policy? Group Medicaid is a government -funded program designed to provide health care toThe benefits of buying summaries with Stuvia:
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