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Accident and Health Insurance Basics ( Latest 2023/2024 ) New Full Questions and Answers ( Included ) 100% Correct

Accident and Health Insurance Basics ( Latest 2023/2024 ) New Full Questions and Answers ( Included ) 100% Correct

1. In which of the following cases would a credit disability policy be issued?
Answer: Ifan individual is in debt to a specific creditor, payments will be made for
him/her untilthe return to work
2. An insurer hires a representative to advertise its company at a local convention.
The representative lies about the details of some of the policies, in anattempt to secure
more business for the company.Who is responsible for therepresentative's claims?
Answer: The insurer
3. A health insurance policy that pays a lump sum if the insured suffers a heartattack
or stroke is known as
Answer: Critical illness
4. All of the following statements concerning Accidental Death and
Dismemberment coverage are correct EXCEPT
Answer: Death benefits are paid only if death occurs within 24 hours of an accident
5. What is an important feature of a dental expense insurance plan that is NOT
typically found in a medical expense insurance plan?
Answer: Diagnostic and preventivecare
6. The agent is known as the "Field Underwriter" because of the information he/she
gathers for the insurer.This helps the insurer
Answer: Avoid adverse selection
7. Which of the following is true about the requirements regarding HIV exams?
Answer: The applicant must give prior informed written consent
8. Which of the following do the Standard and Preferred risk categoriesshare?
Answer: Premiums are not elevated
9. Under the Accidental Death and Dismemberment (AD&D) coverage, whattype
of benefit will be paid to the beneficiary in the event of the insured's accidental
death?
Answer: Principal sum
10. Regarding health insurance premiums, all of the following statements aretrue
EXCEPT
Answer: Substandard risks are not insurable and are always rejected

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