100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
NJ HEALTH AND ACCIDENT INSURANCE EXAM ACTUAL EXAM COMPREHENSIVE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWER S) /ALREADY GRADED A+$15.69
Add to cart
NJ HEALTH AND ACCIDENT INSURANCE EXAM ACTUAL EXAM
COMPREHENSIVE QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWER S) /ALREADY GRADED A+
In what form do disability income policies typically pay benefits - correct answer Periodic
income
The Mandatory health policy provision states that the policy, including endorsements and
attached papers, constitutes - correct answer The entire insurance contract between the
parties
The entire contract includes the actual policy and the - correct answer application
employer sponsored group health insurance provides coverage for which of the following -
correct answer Alcoholism
The term which describes the fact that both parties of a contract may not receive the same
value is referred to as - correct answer Aleatory
Tom has a home health care benefit and is confined to his home. Which of these is NOT
typically covered - correct answer Full-time nursing care
A Medicare Supplement policy can be cancelled by the insurer for - correct answer
Nonpayment
Credit Accident and Health plans are designed to - correct 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 -
correct answer fee-for-service
An insurance company ONLY pay a sales commission to - correct 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? - correct 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 - correct answer 100% of
the billed amount
, What is the maximum fine for a producer violating an NJ insurance law for the first time? -
correct answer $5000
A licensed producer is required to file notice to any changes of address within how many days -
correct 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? - correct 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?
- correct answer File written proof of loss
Which of the following is an example of the insured's consideration? - correct answer A paid
premium
A(n) _______ insurance company is one that was formed under the laws of a state other than
NJ - correct answer Foreign
Kathy pays a monthly premium on her health insurance policy. How long is her grace period? -
correct 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? - correct answer Controlled business
A master contract and certified coverage can be found in which type of policy? - correct
answer Group
Medicaid is a government-funded program designed to provide health care to - correct answer
poor people
Which type of long-term care benefit would be most appropriate for a stroke victim who
requires speech therapy administered at her home? - correct answer Home Health Care
What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an
employee to do? - correct answer In the event of employment termination, group health
insurance can be kept if the employee pays the premiums
Replacement regulation is designed to protect the interests of - correct answer Policy owners
Continued coverage under COBRA would be provided to all of the following except? - correct
answer a covered employee is terminated for gross misconduct
A health insurer must be provided with written proof of loss ______ days after the date of loss -
correct answer 90 days
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 atiexpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.69. You're not tied to anything after your purchase.
