How can insur - Study guides, Class notes & Summaries

CEBS - GBA Practice Exam 1 Questions and Answers 1. Which of the following statements correctly describes minimum require- ments that group benefit plans typically must meet in order to be prospec- tively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematica...

1. 1. The insured carries a BOP policy with protective systems such as a sprinkler system. If the system becomes inoperative, the insured must advise the insurance company of the problem within if the system cannot be restored to working order: 48 hours Your Answer 2. 2. Tina has two policies (Policy X and Policy Y) that cover the same risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y has a limit of $25,000. When Tina suffers a loss totaling $75,000, how will the two pol...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

1. Which of the following would not be accomplished with the purchase of an insurance policy? ANS Risk is eliminated 2. Individuals become eligible for Medicare Part A benefits at what age? ANS 65 3. At what point does a self-insured group qualify for a stop-loss coverage? ANS - When claims exceed a specified limit in a set period of time 4. What percentage of eligible employees must participate in a noncontributo- ry group health plan before it can be put in effect? ANS 100% 5. In a li...

How often should women get PAP/HPV testing? At what ages should they be tested? : Ages 30-65 -cytology + HPV every 5yrs OR cytology alone every 3yrs What is ASCUS? How do you handle it? : Atypical squamous cells of undetermined significance -Perform HPV testing. If high risk, then colposcopy OR pap smear in 12mo What is another name for Pelvic Inflammatory Disease? : Acute Salpingitis Testing for HSV2 has a high _ rate 2 | P a g e : false negative rate Should patients with previous hy...

WGU D076 Objective Assessment Version 2 (New 2024/ 2025 Update) Finance Skills for Managers| Questions and Verified Answers| 100% Correct| A Grade QUESTION In 1980, the inflation rate was 5% and a particular investment gave a return of 15%. In 2010, the inflation rate was 5% and the same investment gave a return of 12%. In which year did stockholders gain greater purchasing power and why? Answer: 1980 because the real rate was higher than in 2010 QUESTION The word r...

XCEL TESTING SOLUTIONS – LIFE & HEALTH INSURANCE WEIGHTED EXAM WITH 100% CORRECT QUESTIONS AND ANSWERS 2024. 2 / 16 1. The Do Not Call Registry offers exemptions for calls placed from all of thefollowing EXCEPT: insurance sales calls Charities, political organizations, and surveys are all offered exemptions fromTheDo Not Call Registry 2. The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called: cance...

1. A financial counselor/Financial Assistance: In accordance with Section 501(r) regulations through the Affordable Care Act, a hospital must establish a written financial assistance policy and make it available to patients. 2. Batch Processing: Execution of a series of jobs in a computer program without manual intervention; it is used to help maximize the use of computer resources and stabilize response time by performing system-intensive work during hours when users are less likely to require...

GEORGIA- PROPERTY & CASUALTY EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ All of the following are true regarding aviation insurance EXCEPT: Correct Answer: It can be added to the CPP A customer has 5 identical vases that are insured on an inland marine floater for $30,000 and 1 of the vases is stolen. The remaining 4 vases are appraised at $20,000, how much will the insurer pay? Correct Answer: $10,000 Which of the following is not an unfair claims...

MPOETC Certification Exam Questions and Verified Answers| 100% Correct| Grade A (Latest 2023/ 2024 Update) Q: What are the 2 standards for traffic stops? Answer: 1.Reasonable suspicion- inves- tigative offense (DUI) 2.Probable cause Q: What can police do during a traffic stop? Answer: -Ask for ID, registration and insur- ance -Order everyone out of the car -question about offense -Keep at the scene Q: What can't police do during a traffic stop? Answer: -Search for ...