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1. In the absence of a coordination of benefits clause, all of the following circumstances might result in recovery of more than 100% of actual health care expenses EXCEPT
A) a worker's group medical plan includes a carryover deductible provision.
B) spouses are both employed and eligible for group medical benefits.
C) a person working for two employers has insurance through both.
D) an executive has additional coverage through an association policy.
2. Insurer policy expenses include all of the following EXCEPT
A) agent commissions.
B) home office operations.
C) premiums.
D) taxes.
3. California long-term care policies may be identified as any of the following EXCEPT
A) Acute Hospital Care only.
B) Nursing Facility and Residential Care Facility only.
C) Home Care only.
D) Comprehensive Long-Term Care.
4. According to the California Insurance Code, all of the following Long-Term Care (LTC) insurance sales are considered unnecessary EXCEPT
A) an additional LTC policy to an insured who already has two LTC policies.
B) a replacement LTC policy with equal benefits for a lower premium.
C) two additional LTC policies that equal the combined benefits on an existing one.
D) a replacement LTC policy with fewer benefits and a higher premium.
5. All of the following statements about mortality tables are true EXCEPT
A) the tables track a group of people from the year they were born until they all die.
B) actuaries use the tables to predict the number of deaths among a given number of people at a given age.
C) the numbers in the tables are based on past experience.
D) the theory of probability is applied to numbers in the tables.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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