License Test Review

80 Questions  I  By Sagemk on September 3, 2009
A pracitce exam to help in the preparation for the Indiana State Accident & Health Insurance test.

  
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Question Excerpt

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1.  Which type of company pays dividends to its policyholders who voted for the company's management?
A.
B.
C.
D.
2.  To join a medicare PLUS choice the recipient must continue to ...
A.
B.
C.
D.
3.  In a Family Health Policy, a dependent will continue to be covered after the limiting age if the dependent is ...
A.
B.
C.
D.
4.  Sally discovers she is pregnant. She gets a new job with health insurance benefits 5 months later.  Which of the folloowing is true?
A.
B.
C.
D.
5.  If an employer has 15 employees and one of these employees leaves to go to another employer, which of the following would provide coverage?
A.
B.
C.
D.
6.  Under which of teh following circumstances would be an insurer be also responsible if a producer violated the law?
A.
B.
C.
D.
7.  If an employee terminates from a small group coverage, the employee converts to an individual policy provided employment was at least ...
A.
B.
C.
D.
8.  Which of the following conditions would qualify a recipient for medicare Part A at any age?
A.
B.
C.
D.
9.  Medicare Part A will cover all of the following except...
A.
B.
C.
D.
10.  Which provision is designed to protect an insurer against over insurance when an insured has more than one policy with the same company?
A.
B.
C.
D.
11.  Medicaid is funded by which of the following?
A.
B.
C.
D.
12.  What is the maximum payment to be made to a variable anuity policy holder?
A.
B.
C.
D.
13.  To be eligble to recieve social security disability the applicant must have been totally disabled for ...
A.
B.
C.
D.
14.  A consultant must obtain a written agreement with a client, specifying service to be given. How long must a concultant keep this agreement?
A.
B.
C.
D.
15.  How often must a company providing vision coverage allow eye exams and new glasses?
A.
B.
C.
D.
16.  If an employee is over 65 and decides to keep working and is covered by medicare, what is required of teh emplyer regarding group coverage?
A.
B.
C.
D.
17.  The responsiblity to provide information regarding COBRA is given to ...
A.
B.
C.
D.
18.  Under which process does the insurer monitor the insured's hospital stay to make sure everything is proceeding according to schedule and that the insured will be released from the hospital as planned?
A.
B.
C.
D.
19.  Medicare is more like ...
A.
B.
C.
D.
20.  The federal HIPAA Regulation applies to employees changing employment. HIPAA does not apply when the employee does not make a change after how many days?
A.
B.
C.
D.
21.  Which of the following is a requirement for Medicaid?
A.
B.
C.
D.
22.  A consultant is required to have which of the following?
A.
B.
C.
D.
23.  Which of the following uniform provisions does not have a required time limit?
A.
B.
C.
D.
24.  If a producer from another state wants a non-resident license in Indiana, what must the applicant provide with the application?
A.
B.
C.
D.
25.  In a non-contributory Medical Plan, the premium is ___ and teh benefits are ___.
A.
B.
C.
D.
26.  Which of the following type of renewability does not allow the insurer to increase the premium?
A.
B.
C.
D.
27.  Under which of the following circumstances may a temporary license be issued?
A.
B.
C.
D.
28.  A person with total assets of $4000 with a LTCP Policy of $100,000 how much Proection of Nursing cost is available?
A.
B.
C.
D.
29.  Which of the following is incorrect regarding HIPAAs creditable coverage?
A.
B.
C.
D.
30.  Which of the following is a requirement of an insurance consultant in Indiana?
A.
B.
C.
D.
31.  When an applicant does not isclose a known fact on the aplpication, it is ...
A.
B.
C.
D.
32.  Which of the following is an alternate term used for schedule indemnity plans?
A.
B.
C.
D.
33.  The Commissioner has the power to do all of the following except...
A.
B.
C.
D.
34.  The Commisioner can do all of teh following except ...
A.
B.
C.
D.
35.  An application for insurance is submitted to request a policy to be issued. The person responsible for the approval is ...
A.
B.
C.
D.
36.  Which provision designed to protect against over-insurance when a policy holder has duplication policies with two or more insurers?
A.
B.
C.
D.
37.  In a Health Insurance Policy, when does the 10-day Free look begin?
A.
B.
C.
D.
38.  Indiana comprehensive heath covers uninsurable hoosiers under three plans. If an insured selects a $1000 deductable, what is the maximum stop-loss?
A.
B.
C.
D.
39.  The characteristics of HMO's include all of the folowing except...
A.
B.
C.
D.
40.  In Long-Term Care policies, which of the following would be covered?
A.
B.
C.
D.
41.  Which of the following is a requirement of an applicant for a non-resident license in Indiana?
A.
B.
C.
D.
42.  When a person enrolls in an HMO plan, what selection must be made?
A.
B.
C.
D.
43.  In order to qualify for social security disability benefits the follwing is true.
A.
B.
C.
D.
44.  If the principal sum of a AD&D policy is $100,000, what is the value of the capital sum?
A.
B.
C.
D.
45.  To qualify for coverage under ICHIA, what is required?
A.
B.
C.
D.
46.  Medicare Part B covers which of the following?
A.
B.
C.
D.
47.  If an employer has 15 emplyees and one quits, which of the following would continue to cover the employee?
A.
B.
C.
D.
48.  When an application submits a pre-paid application, this constitutes ...
A.
B.
C.
D.
49.  The grace period for an individual policy ...
A.
B.
C.
D.
50.  When two groups cover one loss, what will excess insurer pay?
A.
B.
C.
D.
51.  In a non-contributory plan for Disability, the premiums are ___ and the benefits are ___.
A.
B.
C.
D.
52.  In a Health Savings Account which of the following is true?
A.
B.
C.
D.
53.  If both Mr. and Mrs. Jones each have group health insurance coverage for themselves and their dependents, and their 15 year old son has a bicycle accident and is hospitalized, how is the primary insurer determined?
A.
B.
C.
D.
54.  Which of the following is true regarding the premium and benefits in a Business Overhead Expense Policy?
A.
B.
C.
D.
55.  A contract in which the premium is known but there is no guarantee that the company will pay out anything is ...
A.
B.
C.
D.
56.  A dependent in a family may be continued on the coverage after age 18 if the dependent is ...
A.
B.
C.
D.
57.  Sixteen-year-old Rachael applies for a Health Insurance Policy. She excels in school and leads a very healthy life style. What risk classification would te underwriter assign to her?
A.
B.
C.
D.
58.  All of the following is required by Skilled Nursing Care except...
A.
B.
C.
D.
59.  An insurance company's consideration in an insurance contract includes which of the following?
A.
B.
C.
D.
60.  Jack is licensed as a Life producer and Jill is licensed in Property and Casualty. Jack sends a client to Jill to get auto insurance. Jill writes the policy and sends a portion of the commission to jack as a Finders Fee. Which is true concerning these events?
A.
B.
C.
D.
61.  Which of teh following documents is given to the employee as proof of group health coverage?
A.
B.
C.
D.
62.  The minimum number of employees in a small group ploicy in Indiana is ...
A.
B.
C.
D.
63.  In group health insurance what does the employer ercieve from the insurer?
A.
B.
C.
D.
64.  LTC policy would cover a policy holder unable to perform 2 or more ADL's. Which of the follwoing is not a listed ADL?
A.
B.
C.
D.
65.  In Indiana, a MSP and Long Term Care policies have a free look  period of how many days?
A.
B.
C.
D.
66.  When a policy holder purchases a medicare supplement policy, how long does the person have to exercise the free look provision?
A.
B.
C.
D.
67.  According to COBRA, the number of employees required to constitute a large group is ...
A.
B.
C.
D.
68.  According to the mandatory uniform provisions, who can change policy provisions?
A.
B.
C.
D.
69.  When presenting a medigap policy, the producer is required to ask about existing policies to comply with which regulation?
A.
B.
C.
D.
70.  If a company becomes insolvent a policy holder may recieve benefits from the life and health guarantee association up to
A.
B.
C.
D.
71.  How many days does the insurer have to send proof of loss forms when the insured notifies the insurer of a loss?
A.
B.
C.
D.
72.  If an employee is covered by Group Insurance and a Private Policy, and is injured in a covered worker's compensation accident, which is true?
A.
B.
C.
D.
73.  Medicare Supplement Policies are designed to pay ...
A.
B.
C.
D.
74.  A person is covered by both Medicare and Medicaid. A producer can provide medicare Supplement POlicies and Long Term Care Policies. Which should the client select?
A.
B.
C.
D.
75.  If the policy holder selects a high deductable health plan to preserve premiums with a tax advantage it is ...
A.
B.
C.
D.
76.  The purpose of the Coinsurance provision in a mjor medical policy is to minimize ...
A.
B.
C.
D.
77.  In an insurance contract the applicants consideration is ...
A.
B.
C.
D.
78.  A gatekeeper is selected in which of teh following types of medical providers?
A.
B.
C.
D.
79.  All the following may trigger benefits to be provided in a long-term care policy except...
A.
B.
C.
D.
80.  A guaranteed renewable policy is a policy guaranteed to be renewed to a specific age; However, the premium ...
A.
B.
C.
D.
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