All of the following are factors contributing to the cash value in an insurance policy EXCEPT?
the face amount of the policy
duration and amount of premiums paid
inflation rate and rate of unemployment
how long the policy has been in force
the face amount of the policy
duration and amount of premiums paid
inflation rate and rate of unemployment
how long the policy has been in force
Answer:
inflation rate and rate of unemployment
The cash value in the policy is determined by several factors: the face amount of the policy; duration and amount of premiums paid; how long the policy has been in force.
Category: 2-15 Life & Health Insurance: Life Insurance Policies
inflation rate and rate of unemployment
The cash value in the policy is determined by several factors: the face amount of the policy; duration and amount of premiums paid; how long the policy has been in force.
Category: 2-15 Life & Health Insurance: Life Insurance Policies
Disabled employees are entitled to workers compensation benefits as ________________ without having to sue their employer for benefits BUT the employee correspondingly gives up the right to sue the employer.
constitutional right
a matter of law
inalienable right
law of nature
constitutional right
a matter of law
inalienable right
law of nature
Answer:
a matter of law
Disabled employees are entitled to workers compensation benefits as a matter of law without having to sue their employer for benefits BUT the employee correspondingly gives up the right to sue the employer.
Category: 2-15 Health Insurance Providers
a matter of law
Disabled employees are entitled to workers compensation benefits as a matter of law without having to sue their employer for benefits BUT the employee correspondingly gives up the right to sue the employer.
Category: 2-15 Health Insurance Providers
Which, if any, of the following concerning Medicare Part C are correct.
Medicare pays 50% of the Medicare Advantage Plan premium/fee
Medicare Advantage Plans include the coverage for Part A of Medicare
Medicare Advantage Plans include the coverage for Part B of Medicare
Medicare Advantage Plans may offer extra coverage for vision and dental
Medicare pays 50% of the Medicare Advantage Plan premium/fee
Medicare Advantage Plans include the coverage for Part A of Medicare
Medicare Advantage Plans include the coverage for Part B of Medicare
Medicare Advantage Plans may offer extra coverage for vision and dental
Answer:
Medicare Advantage Plans include the coverage for Part A of Medicare, Medicare Advantage Plans include the coverage for Part B of Medicare, Medicare Advantage Plans may offer extra coverage for vision and dental
Medicare Part C is a Medicare Plan choice that is administered by private insurance companies approved by Medicare. Medicare Advantage Plans cover Hospitalization (Part A); Medical Insurance (part B); and may offer extra coverage for things like vision, dental, or well programs.
Category: 2-15 Government Health Insurance Programs
Medicare Advantage Plans include the coverage for Part A of Medicare, Medicare Advantage Plans include the coverage for Part B of Medicare, Medicare Advantage Plans may offer extra coverage for vision and dental
Medicare Part C is a Medicare Plan choice that is administered by private insurance companies approved by Medicare. Medicare Advantage Plans cover Hospitalization (Part A); Medical Insurance (part B); and may offer extra coverage for things like vision, dental, or well programs.
Category: 2-15 Government Health Insurance Programs
True or False? The cost for a group plan health insurance is more expensive than individually underwritten health insurance.
True
False
True
False
Answer:
False
The cost for group plan health insurance is less expensive than individually underwritten health insurance. The cost for a group plan is less due to economy of scale in selling expenses and cost of plan administration.
Category: 2-15 Group Health Insurance
False
The cost for group plan health insurance is less expensive than individually underwritten health insurance. The cost for a group plan is less due to economy of scale in selling expenses and cost of plan administration.
Category: 2-15 Group Health Insurance
Which, if any, of the following are considered an “insurance transaction”?
Brenda responds to a Help Wanted ad at his local independent agent’s office
Judge Nelson sees Bret''s “Sunshine State Insurance Agency” name tag and asks if he is an insurance agent
Brandon has Kathy Jones sign her health insurance application and he collect the down payment for the policy
Brenda responds to a Help Wanted ad at his local independent agent’s office
Judge Nelson sees Bret''s “Sunshine State Insurance Agency” name tag and asks if he is an insurance agent
Brandon has Kathy Jones sign her health insurance application and he collect the down payment for the policy
Answer:
Brandon has Kathy Jones sign her health insurance application and he collect the down payment for the policy
All of the following are considering "transaction" insurance: any solicitation or inducement to buy insurance; any preliminary negotiations in the sale of insurance; the actual effectuation of a contract of insurance; and transaction of matters subsequent to effectuation of a contract of insurance.
Category: 2-15 Florida-Specific Laws and Rules
Brandon has Kathy Jones sign her health insurance application and he collect the down payment for the policy
All of the following are considering "transaction" insurance: any solicitation or inducement to buy insurance; any preliminary negotiations in the sale of insurance; the actual effectuation of a contract of insurance; and transaction of matters subsequent to effectuation of a contract of insurance.
Category: 2-15 Florida-Specific Laws and Rules
A __________ is the specified dollar amount that the HMO subscriber must pay for certain covered health care services.
dollar cost average
co-payment
group-payment
pre-payment
dollar cost average
co-payment
group-payment
pre-payment
Answer:
co-payment
The co-payment is the specified dollar amount that the HMO subscriber must pay/contribute for certain covered health care services.
Category: 2-15 Florida Laws and Rules Health Maintenance Organizations
co-payment
The co-payment is the specified dollar amount that the HMO subscriber must pay/contribute for certain covered health care services.
Category: 2-15 Florida Laws and Rules Health Maintenance Organizations
