Basic Insurance Principles MCQ
1. In alphabetic filing, a patients first name is the __________ filing unit.
Note: This Question is unanswered, help us to find answer for this one
2. Motor vehicle crashes cost over ______ in lost wages and medical bills every year.
Answer
Correct Answer:
$150 billion
Note: This Question is unanswered, help us to find answer for this one
3. Medicare covers beneficiaries who are __________ and have elected to pay a premium for coverage.
Answer
Correct Answer:
All of these are correct
Note: This Question is unanswered, help us to find answer for this one
4. A(n) ____ agent represents multiple insurance companies.
Answer
Correct Answer:
Independent
Note: This Question is unanswered, help us to find answer for this one
5. Gatekeeping ______ secondary care services.
Answer
Correct Answer:
Requires a referral for
Note: This Question is unanswered, help us to find answer for this one
6. Credit term life insurance is a ____ policy with ____ named as beneficiary.
Answer
Correct Answer:
Decreasing term; the creditor
Note: This Question is unanswered, help us to find answer for this one
7. When a patient elects to receive care from a non-par, the patient will accrue _____.
Answer
Correct Answer:
Higher copays
Note: This Question is unanswered, help us to find answer for this one
8. Hospital inpatient charges are reported on the __________ claim.
Note: This Question is unanswered, help us to find answer for this one
9. Cash-value buildup is relatively slow in ____ life policies.
Note: This Question is unanswered, help us to find answer for this one
10. The __________ mailing list includes announcements and discussion of an open-source idps.
Answer
Correct Answer:
Optometry
Note: This Question is unanswered, help us to find answer for this one
11. The community rating approach to health insurance premium pricing _____.
Answer
Correct Answer:
Prohibits insurance companies from varying rates based on health status or claims history
Note: This Question is unanswered, help us to find answer for this one
12. Nonforfeiture rights guarantee that a policy owner will not lose his or her policys _____.
Answer
Correct Answer:
Cash Value
Note: This Question is unanswered, help us to find answer for this one
13. Health insurance involves two perils, accident and ____.
Note: This Question is unanswered, help us to find answer for this one
14. _____ can be both an advantage and a disadvantage of universal life insurance.
Answer
Correct Answer:
Flexible premiums
Note: This Question is unanswered, help us to find answer for this one
15. A(n) _____ policy is a type of term insurance.
Answer
Correct Answer:
Straight term
Note: This Question is unanswered, help us to find answer for this one
16. As a rule of thumb, your piti costs shouldn't exceed ________ of your pretax monthly income.
Answer
Correct Answer:
28 percent
Note: This Question is unanswered, help us to find answer for this one
17. Using the ____ approach is the most accurate method to determine life insurance needs.
Answer
Correct Answer:
Needs analysis
Note: This Question is unanswered, help us to find answer for this one
Insurance Principles MCQs | Topic-wise