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Unit 9 Quiz Questions and Verified Answers 2025
Typology: Exams
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A homeowner could not find coverage on the open market and looked to the residual market for coverage. What joint Underwriting Association would handle this risk? - ANSCitizens A selected group of hospitals and doctors in a given area who have joined together to reduce medical costs is: - ANSA PPO All of the following are true concerning Joint Underwriting Association EXCEPT - ANSIt is not possible to purchase Homeowner policies under JUA, only Dwelling policies An organization that provides comprehensive health services to its members for a prepaid fixed fee, equivalent to an insurance premium is: - ANSan HMO Bob has a basic health insurance policy. He has a covered accident in which he suffers an injury to his mouth that requires dental treatment. Which of the following is true? - ANSDental expenses will be paid Health insurance protects against all of the following EXCEPT: - ANSinjury of the job
How is funding determined for Tier Three employers? - ANSIt is based on an assessment of Tier Three participants If a health insurance policy cannot be cancelled and can be renewed at the option of the insured to a stated age with no premium increases, this policy is: - ANSNoncancelable Jane has a health insurance policy that prevents cancellation during the policy period. but reserves the right of the insurer to non-renew the policy once it expires. This is an example of: - ANSoptionally renewable Joe pays his health insurance premium on a monthly basis. If he forgets to pay this month's premium, how long will the policy remain in force after the premium date? - ANS10 days Joe wrote a policy through the Florida Automobile joint Underwriting Association, and the company issued the policy. What is the company issuing the policy called? - ANSA servicing carrier The Residual Market that is a source for persons who are unable to purchase auto insurance through normal channels is: - ANSFAJUA Under Medicare Supplement insurance, the maximum waiting period before coverage applies to pre-existing conditions is: - ANS6 months Which best describes health insurance? - ANSDisability insurance