Other General Provisions 2020

Time limit: 0

Quiz Summary

0 of 9 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 9 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9

Current
Review / Skip
Answered
Correct
Incorrect

Question 1 of 9

1. Question
Which of the following statements regarding the Right to Examine/Free Look provision is false?
- According to Utah law, for general accident and health insurance policies, the right to examine/free look period must be at least 10 days from the time the policy was delivered.
- According to Utah law, for limited accident and health insurance policies or certificates issued to persons eligible for Medicare (Medicare Supplement and Advantage Plans), the right to examine/free look period must be at least 20 days from the time the policy was delivered.
- If a policyholder chooses to return a policy within the right to examine/free look period, the premium paid is refunded to the policyholder.
- The time period that the policyholder has to look over the policy and return it for any reason (the right to examine/free look period) must be clearly stated on the first page of the policy.
Correct

Incorrect
Question 2 of 9

2. Question
Which clause in an accident and health insurance policy states that the insurer provides coverage to the insured in exchange for the insured’s premiums and statements made on the insurance application?
- Exchange Clause
- Insuring Clause
- Coinsurance Clause
- Consideration Clause
Correct

Incorrect
Question 3 of 9

3. Question
Which provision in an accident and health insurance policy can be described as the “insurer’s promise to pay?”
- Insuring Clause
- Consideration Clause
- Guaranteed Clause
- Promissory Clause
Correct

Incorrect
Question 4 of 9

4. Question
Which type of renewability clause provides the insurer with the least amount of control to terminate coverage/terminate a policy?
- Guaranteed renewable
- Non-cancelable
- Conditionally renewable
- Renewable at the option of the insurer
Correct

Incorrect
Question 5 of 9

5. Question
For which type of policy renewability does the insurer have the right to increase the premiums, but does not have the right to terminate coverage for as long as the policyowner pays the premiums (up to a certain age, e.g. 65)?
- Conditionally Renewable
- Non-Cancelable
- Guaranteed Renewable
- Renewable at the Option of the Insurer
Correct

Incorrect
Question 6 of 9

6. Question
Shannon’s health insurance policy has a coinsurance of 80/20. What does this mean?
- After any deductible has been met, Shannon is responsible for 80% of the covered costs, and the insurer is responsible for the other 20%.
- After any deductible has been met, the insurer is responsible for 80% of the covered costs, and Shannon is responsible for the other 20%.
- Shannon is responsible for 80% of the deductible, and her employer is responsible for the other 20%.
- Shannon's employer is responsible for 80% of the deductible, and Shannon is responsible for the other 20%.
Correct

Incorrect
Question 7 of 9

7. Question
Which of the following is not true regarding the probationary period of an accident and health insurance policy?
- The purpose of a probationary period is to prevent adverse selection.
- It is the period of time following the date of issuance or effective date of the policy before coverage begins for all or certain conditions.
- According to Utah law, a probationary period for an accident policy shall not exceed 10 days.
- According to Utah law, a probationary period for a specified disease policy shall not exceed 30 days.
Correct

Incorrect
Question 8 of 9

8. Question
Which of the following is not true regarding an insurance policy’s elimination period?
- It is the length of time an insured shall wait before becoming eligible for benefits under the policy, after a triggering event has occurred.
- A policy’s elimination period can be considered similar to a coinsurance, but it is measured in days not dollars.
- A longer elimination period will result in a lower policy premium.
- It is typical for disability income and long-term care insurance policies to have an elimination period.
Correct

Incorrect
Question 9 of 9

9. Question
Which of the following is NOT an exclusion commonly found in accident and health insurance policies?
- Alcoholism and other drug addictions
- Hearing aids
- Custodial (long-term) care
- Reconstructive surgery
Correct

Incorrect

(801) 518-1956

marlene@mountaince.com

Home
CE Courses
CE Requirements
Pre-Licensing
About Us
FAQ
Blog

Arizona requires that students have a proctor present while taking an insurance professional continuing education course test. Is your proctor present now and for the duration of the test?

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question