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License Test Review

80 Questions  I  By Sagemk
License Test Review
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.  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.
3.  Under which of the following circumstances may a temporary license be issued?
A.
B.
C.
D.
4.  Medicare is more like ...
A.
B.
C.
D.
5.  Which of the following is an alternate term used for schedule indemnity plans?
A.
B.
C.
D.
6.  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.
7.  Which of the following is a requirement of an insurance consultant in Indiana?
A.
B.
C.
D.
8.  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.
9.  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.
10.  To be eligble to recieve social security disability the applicant must have been totally disabled for ...
A.
B.
C.
D.
11.  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.
12.  In Indiana, a MSP and Long Term Care policies have a free look  period of how many days?
A.
B.
C.
D.
13.  In a Family Health Policy, a dependent will continue to be covered after the limiting age if the dependent is ...
A.
B.
C.
D.
14.  Which provision designed to protect against over-insurance when a policy holder has duplication policies with two or more insurers?
A.
B.
C.
D.
15.  If the policy holder selects a high deductable health plan to preserve premiums with a tax advantage it is ...
A.
B.
C.
D.
16.  In order to qualify for social security disability benefits the follwing is true.
A.
B.
C.
D.
17.  Which of the following conditions would qualify a recipient for medicare Part A at any age?
A.
B.
C.
D.
18.  Medicare Part A will cover all of the following except...
A.
B.
C.
D.
19.  A consultant is required to have which of the following?
A.
B.
C.
D.
20.  In a non-contributory plan for Disability, the premiums are ___ and the benefits are ___.
A.
B.
C.
D.
21.  The Commissioner has the power to do all of the following except...
A.
B.
C.
D.
22.  When an application submits a pre-paid application, this constitutes ...
A.
B.
C.
D.
23.  The characteristics of HMO's include all of the folowing except...
A.
B.
C.
D.
24.  In a non-contributory Medical Plan, the premium is ___ and teh benefits are ___.
A.
B.
C.
D.
25.  Medicare Supplement Policies are designed to pay ...
A.
B.
C.
D.
26.  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.
27.  Which of the following is a requirement for Medicaid?
A.
B.
C.
D.
28.  The responsiblity to provide information regarding COBRA is given to ...
A.
B.
C.
D.
29.  Which of the following uniform provisions does not have a required time limit?
A.
B.
C.
D.
30.  An application for insurance is submitted to request a policy to be issued. The person responsible for the approval is ...
A.
B.
C.
D.
31.  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.
32.  What is the maximum payment to be made to a variable anuity policy holder?
A.
B.
C.
D.
33.  Which of the following is incorrect regarding HIPAAs creditable coverage?
A.
B.
C.
D.
34.  If a company becomes insolvent a policy holder may recieve benefits from the life and health guarantee association up to
A.
B.
C.
D.
35.  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.
36.  An insurance company's consideration in an insurance contract includes which of the following?
A.
B.
C.
D.
37.  In Long-Term Care policies, which of the following would be covered?
A.
B.
C.
D.
38.  When a person enrolls in an HMO plan, what selection must be made?
A.
B.
C.
D.
39.  The minimum number of employees in a small group ploicy in Indiana is ...
A.
B.
C.
D.
40.  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.
41.  Which of teh following documents is given to the employee as proof of group health coverage?
A.
B.
C.
D.
42.  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.
43.  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.
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.  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.
46.  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.
47.  Which of the following is true regarding the premium and benefits in a Business Overhead Expense Policy?
A.
B.
C.
D.
48.  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.
49.  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.
50.  According to the mandatory uniform provisions, who can change policy provisions?
A.
B.
C.
D.
51.  How often must a company providing vision coverage allow eye exams and new glasses?
A.
B.
C.
D.
52.  If an employer has 15 emplyees and one quits, which of the following would continue to cover the employee?
A.
B.
C.
D.
53.  Under which of teh following circumstances would be an insurer be also responsible if a producer violated the law?
A.
B.
C.
D.
54.  In group health insurance what does the employer ercieve from the insurer?
A.
B.
C.
D.
55.  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.
56.  When an applicant does not isclose a known fact on the aplpication, it is ...
A.
B.
C.
D.
57.  In an insurance contract the applicants consideration is ...
A.
B.
C.
D.
58.  The grace period for an individual policy ...
A.
B.
C.
D.
59.  A guaranteed renewable policy is a policy guaranteed to be renewed to a specific age; However, the premium ...
A.
B.
C.
D.
60.  Which of the following type of renewability does not allow the insurer to increase the premium?
A.
B.
C.
D.
61.  Medicaid is funded by which of the following?
A.
B.
C.
D.
62.  When two groups cover one loss, what will excess insurer pay?
A.
B.
C.
D.
63.  In a Health Savings Account which of the following is true?
A.
B.
C.
D.
64.  Medicare Part B covers which of the following?
A.
B.
C.
D.
65.  According to COBRA, the number of employees required to constitute a large group is ...
A.
B.
C.
D.
66.  All of the following is required by Skilled Nursing Care except...
A.
B.
C.
D.
67.  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.
68.  A gatekeeper is selected in which of teh following types of medical providers?
A.
B.
C.
D.
69.  All the following may trigger benefits to be provided in a long-term care policy except...
A.
B.
C.
D.
70.  To join a medicare PLUS choice the recipient must continue to ...
A.
B.
C.
D.
71.  A dependent in a family may be continued on the coverage after age 18 if the dependent is ...
A.
B.
C.
D.
72.  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.
73.  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.
74.  When presenting a medigap policy, the producer is required to ask about existing policies to comply with which regulation?
A.
B.
C.
D.
75.  The Commisioner can do all of teh following except ...
A.
B.
C.
D.
76.  Which of the following is a requirement of an applicant for a non-resident license in Indiana?
A.
B.
C.
D.
77.  To qualify for coverage under ICHIA, what is required?
A.
B.
C.
D.
78.  In a Health Insurance Policy, when does the 10-day Free look begin?
A.
B.
C.
D.
79.  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.
80.  The purpose of the Coinsurance provision in a mjor medical policy is to minimize ...
A.
B.
C.
D.
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