test 15

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Author:
riosjuank
ID:
231897
Filename:
test 15
Updated:
2013-09-04 00:40:20
Tags:
health insurance
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Description:
chapter 15 test
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  1. 1. Which of the following statements pertaining to health insurance policy premium factors is CORRECT?

    A.  A "policy fee" is another term for policy premium.
    B. Age and sex of the individual insureds would have the most influence on a group health insurance policy's experience rating .....refund credit.
    C. Pearl files a claim against her major medical policy for a $9,800 hospital bill. The claim will likely be paid out of the insurer's reserves.
    D. A policyowner has an individual health plan; therefore, the policy is most likely a participating policy.
    C. Pearl files a claim against her major medical policy for a $9,800 hospital bill. The claim will likely be paid out of the insurer's reserves.
    (this multiple choice question has been scrambled)
  2. 2. Assume a health insurance contract states that it will pay $350 a month to the insured, should he or she become totally disabled. Which term most aptly defines' this kind of contract?

    A. Participating
    B. Valued
    C. Inclusive
    D. Reimbursement
    B. Valued
    (this multiple choice question has been scrambled)
  3. 3. Which of the following premium factors is unique to health insurance (as opposed to life insurance)?

    A. Interest
    B. Morbidity
    C. Age
    D. Sex
    B. Morbidity
    (this multiple choice question has been scrambled)
  4. 4. Which of the following statements regarding health insurance is CORRECT?

    A. Once issued, health insurance policies cannot be cancelled by the insurer.
    B. There are many premium-payment options available with health insurance policies.
    C. Medical expense policies reimburse the insured for the cost of medical care.
    D. Disability income policies are designed to pay the medical expenses associated with a disability.
    C. Medical expense policies reimburse the insured for the cost of medical care.
    (this multiple choice question has been scrambled)
  5. 5. All of the following are basic forms of health insurance coverage EXCEPT

    A. disability income
    B. medical expense
    C. limited pay health
    D. accidental death and dismemberment
    C. limited pay health
    (this multiple choice question has been scrambled)

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