Insurance Principles MCQ Questions Answers

1. In alphabetic filing, a patients first name is the __________ filing unit.

2. Motor vehicle crashes cost over ______ in lost wages and medical bills every year.

3. Medicare covers beneficiaries who are __________ and have elected to pay a premium for coverage.

4. A(n) ____ agent represents multiple insurance companies.

5. Gatekeeping ______ secondary care services.

6. Credit term life insurance is a ____ policy with ____ named as beneficiary.

7. When a patient elects to receive care from a non-par, the patient will accrue _____.

8. Hospital inpatient charges are reported on the __________ claim.

9. Cash-value buildup is relatively slow in ____ life policies.

10. The __________ mailing list includes announcements and discussion of an open-source idps.

11. The community rating approach to health insurance premium pricing _____.

12. Nonforfeiture rights guarantee that a policy owner will not lose his or her policys _____.

13. Health insurance involves two perils, accident and ____.

14. _____ can be both an advantage and a disadvantage of universal life insurance.

15. A(n) _____ policy is a type of term insurance.

16. As a rule of thumb, your piti costs shouldn't exceed ________ of your pretax monthly income.

17. Using the ____ approach is the most accurate method to determine life insurance needs.