Nj health insurance - Study guides, Class notes & Summaries

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called - Correct Answer ️️ -reinsurance A nonparticipating company is sometimes called a(n) - Correct Answer ️️ -stock insurer What is considered to be the primary r...

NJ Health Insurance Exam Questions and Answers

NJ Health Insurance Exam (XCEL Solutions) | 2024/25

NJ Health Insurance Exam (XCEL Solutions)

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called - Correct Answer ️️ -reinsurance A nonparticipating company is sometimes called a(n) - Correct Answer ️️ -stock insurer What is considered to be the primary r...

30 day free look in health insurance - CORRECT ANSWER—dread disease -Medicare supplement -long term care -any kind of insurance through direct response sales A 68 year old man had a heart attack on January 1st. Three months later he purchased an individual health insurance policy. On December 1st of that year he has another heart attack. Which type of policy would he have had to purchase for it to cover the December heart attack? - CORRECT ANSWER-Medicare supplement A common "benefit tri...

1 NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to be t...

1 NJ HEALTH INSURANCE EXAM (XCEL SOLUTIONS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Why are dividends from a mutual insurer not subject to taxation? Correct Answer: because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called Correct Answer: reinsurance A nonparticipating company is sometimes called a(n) Correct Answer: stock insurer What is considered to...

Why are dividends from a mutual insurer not subject to taxation? because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called reinsurance A nonparticipating company is sometimes called a(n) stock insurer What is considered to be the primary reason for buying life insurance? provide death benefits A(n) _____ company is owned by its shareholders stock A plan in which an employer pays insurance ...

NJ Health Insurance questions & answers