Exam 16 Wrong Answers Flashcards
When an insurer issued an individual health insurance policy that is guaranteed renewable, the insurer agrees
To new the policy until the insured has reached age 65
Within how many days must a producer respond to an inquiry from the Commissioner?
30 days
Violation of unfair discrimination law may result in all of the following penalties except
Fines of up to $1,000 for each act
Which of the following is true regarding a term health policy?
It is nonrenewable
Which of the following is not a goal of risk retention?
To minimize the insured’s level of liability in the event of loss
The type of term insurance that provides increasing death benefits as the insured ages is called
Increasing term
What is the civil penalty for violating a cease and desist order of the Commissioner?
$10,000
An insured’s disability income policy includes an additional monthly benefit rider. For how many years can the insured expect to receive payment from the insurer before Social Security benefits begin?
1
An employee insured under a group health policy is injured in a car wreck while performing her duties for her employer. This results in a long hospitalization period. Which of the following is true?
The group plan will not pay because the employee was injured at work
Which of the following is not covered under Plan A in Medigap insurance?
The Medicare Part A deductible
Which of the following is not considered to be a basic service under a nonscheduled plan?
Dentures
On a major medical insurance policy, the amount that an insured must pay on a claim before the insurer will pay is known as
Deductible
Adopting parents must inform their insurer that a child has been added to the family within
31 days
All of the following statements are true of a combination dental plan except
It is also known as the superimposed plan
How must a replacing producer respond to an applicant wishing to replace existing life insurance?
The producer must provide the applicant with a Notice Regarding Replacement
