100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
LIFE insurance Exam Practice Questions and Answers | 100% Pass $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life insurance

Exam (elaborations)

LIFE insurance Exam Practice Questions and Answers | 100% Pass
 6 views  0 purchase
  • Course
  • Life insurance
  • Institution
  • Life Insurance

LIFE insurance Exam Practice Questions and Answers | 100% Pass Which health insurance contract provision addresses the problem of over insurance? - Answer️️ -Coordination of Benefits Which health provision protects an insured from the expense of a catastrophic illness? - Answer️️ -Stop...

[Show more]

Preview 4 out of 33  pages

Document information

  • September 1, 2024
  • 33
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance exam practice questions and answers

Written for

  • Life insurance
  • Life insurance

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

,LIFE insurance Exam Practice
Questions and Answers | 100% Pass


Which health insurance contract provision addresses the problem of over insurance? -

Answer✔️✔️-Coordination of Benefits


Which health provision protects an insured from the expense of a catastrophic illness? -

Answer✔️✔️-Stop-Loss

Which of the following statements concerning the usual coordination of benefits

provision is correct? - Answer✔️✔️-When two plans both have provision, coverage as an

employee is primary to coverage as a dependent.

After the deductible is satisfied, what percentage of a reasonable charge does Medicare

Part B pay? - Answer✔️✔️-80%

The most common type of specified disease insurance policy is - Answer✔️✔️-cancer

All of the following types of insurance pay benefits in addition to those paid by other

insurance policies held by the insured EXCEPT - Answer✔️✔️-medical expense

According to the California Insurance Code, all the following Long-Term Care (LTC)

insurance sales are considered unnecessary EXCEPT - Answer✔️✔️-a replacement LTC

policy with equal benefits for a lower premium.

A health insurance issuer offering coverage in the individual market must provide

premium rebates if its medical loss ratio (MLR) is less than what percentage? -

Answer✔️✔️-80%

Page 1 of 32

,With Medicare coverage - Answer✔️✔️-Part B provides benefits for diagnostic tests and

X-rays performed on an outpatient basis.

Group health plans obligated by the Consolidated Omnibus Budget Reconciliation Act

(COBRA) cover groups of at least - Answer✔️✔️-20 employees

Benefits under Social Security are available only for workers who are - Answer✔️✔️-fully

insured

Which of the conditions would NOT be included among the chronic illness triggers of a

long-term care policy? - Answer✔️✔️-Deafness

What is covered by Part A Medicare - Answer✔️✔️-Hospitalization

Which program pays the cost of nursing home care for people who cannot afford it

themselves? - Answer✔️✔️-Medi-Cal

What is the purpose of social insurance? - Answer✔️✔️-To protect certain vulnerable

segments of the population

The Family and Medical Leave Act (FMLA) covers all of the following EXCEPT -

Answer✔️✔️-Traveling with a spouse who has been transferred overseas

An example of a third-party administrator is an - Answer✔️✔️-Outside organization that

processes claims for an employer's self-funded group plan

In medical expense insurance, what serves the same purpose as the elimination period

in disability income insurance? - Answer✔️✔️-Deductible

The type of health care provider that provides both the health care services and health

care coverage is called - Answer✔️✔️-a Health Maintenance Organization



Page 2 of 32

, Which plan covers the medical expenses that are NOT covered by Medicare? -

Answer✔️✔️-Medicare supplement

Providers of coverage for all of the following types of care are subject to the jurisdiction

of the California Department of Insurance (CDI) EXCEPT - Answer✔️✔️-lasik

The premium of proposed disability income policy could be lowered by increasing the -

Answer✔️✔️-elimination period

Members of the Medical Information Bureau are required to report: - Answer✔️✔️-

medical impairments found during the underwriting process

A worker dies who is credited with 6 quarters of coverage during the last 13-quarter

period. What status does the worker have under Social Security? - Answer✔️✔️-Currently

insured

What is the cost of service from the Health Insurance Counseling Advocacy Program

(HICAP)? - Answer✔️✔️-No charge

Which program pays the cost of nursing home care for people who cannot afford it

themselves? - Answer✔️✔️-Medi-Cal

The frequency and severity of certain illnesses and accidents is known as - Answer✔️✔️-

morbidity

A Long-Term Care Insurance rider can include coverage for all of the following EXCEPT

- Answer✔️✔️-hospital acute care

A terminating employee who wants to exercise the conversion privilege must meet all of

the following requirements EXCEPT - Answer✔️✔️-supply evidence of insurability




Page 3 of 32

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart