Download Tennessee Health Insurance Exam - Pearson VUE (GRADED A) and more Exams Nursing in PDF only on Docsity! Tennessee Health Insurance Exam - Pearson VUE (GRADED A) What is required for insurance applicants for an insurer who are required to pass a written exam? complete a pre-licensing course of study, pass a background check, obtain license What is correct about the life and health guaranty association? it is to protect policyholders when an insurance company becomes insolvent. Moving from one state to another, a producer must file a change of address within how many days? 30 days Which of the following acts by an insurance company would be considered unfair claims settlement practice? making claims payments to an insured or beneficiary without indicating the coverage under which each payment is being made. A limited insurance rep may sell what insurance? limited travel, credit life, mortgage guaranty insurance, personal property insurance, crop hail insurance and title insurance Free look provision in health policy begins when? at the beginning of the policy What must a license holder meet continuing education requirements in Tennessee? 40 hours of continuing education every two years In Tennessee a long-term policy must be renewable in what way? guaranteed renewable. What is not required in accidental and health policies in Tennessee? change of occupation What is not a legit insurance practice from a business competitor? reducing commissions in order to make a sale. Medicare supplement contract may include a preexisting condition exclusion in how many months? 6 months What is an example of defamation in insurance? the act of making false statements or spreading false information about a person or entity that harms their reputation. Commissioner of insurance is able to suspend or revoke a license except when? a licensee defaults on a personal loan K applies for a health insurance policy on herself and submits the initial premium with the application. She is given a receipt by the producer stating that coverage begins immediately if the application is approved. What kind of receipt was used? she used a conditional receipt misstatement of age provision in an accident and health policy allows insurance companies to take the following action Adjust the benefit payable A self employee becomes totally disabled and receives disability insurance how taxes much can be taken out ? Purpose of insuring clause in an accident and health policy is to outlines the risks assumed by the insurer basic cancer plans pay for all except physical therapy the coinsurance clause in an individual medical expense refers to is a provision that requires the insured to share in the costs of medical care with the insurance company after expiration cobra laws what is correct about an employee who quits the job and wants to convert She does NOT need to provide evidence of insurability. a type of health contract that allows remaining partners to buy out interests is known as Disability Buy-Sell most insurance companies use customary reasonable precharges to determine what amount of a medical bill the insurance plan will cover. what statement is generally correct about major medical policy its comprehensive, complies with the Affordable Care Act's (ACA) regulations for qualifying health plans, and are designed to minimize out-of-pocket expenses for individuals and families. under the guaranteed renewable provision a group having common occupations may not terminate coverage if a member becomes disabled an insured who has disability income forgot to pay premium if they file the insurance will most likely get a cancellation notice, 30 day grace period what condition is typical of a major medical policy Emergency Care Hospitalization Doctor Visit Diagnostic Tests Preventive Care Rehabilitation Services Home Health Care Hospice Care what provisions establishes a restoring policy after its lapsed Reinstatement social security provides all of the following services except unemployment time of payment claims provision stated that intervals between disability income benefit may not exceed 30 days producer must deliver outline of coverage who is eligible for Medicare at what time Before the application is taken what of the following kinds of policies contain a limited daily room and board basic hospital what statement about dismemberment is true It provides benefits for the loss of specific parts of the body.