Free Accident and Health Insurance Basics Practice Questions
Vermont Accident & Health exam (series 14-27) — 70 practice questions.
Subtopics: Portability, Field underwriting, Blanket insurance, Outline of coverage, Accidental injury, Sickness defined, Disability income benefit, Medical expense benefit, AD&D, Hospital indemnity, Critical illness, Limited policies, Self-inflicted exclusion, War exclusion, Cosmetic exclusion, Workers comp overlap, Sources of information, Substandard risk, Statement of good health, Long-term care expense, Prescription benefit, Accidental means test, Total disability defined, Partial disability defined, Principal sum, Capital sum, Travel accident insurance, Accident-only policy, Blanket health insurance, Franchise health insurance, Medical Information Bureau, Attending Physician Statement, Preferred risk classification, Impairment exclusion rider, Basic hospital expense coverage, Basic surgical expense coverage, Basic physicians expense coverage, Surgical schedule, First-dollar coverage, Classes of policies, Types of losses, Exclusions, Premium receipts, Policy delivery, Disclosure, Underwriting sources, Risk classification, Replacement, Producer liability, Group vs. individual, Employee association
Read the Accident and Health Insurance Basics study guide
Sample questions & answers
1. Federal portability rules for health coverage are designed mainly to help individuals:
Maintain coverage and limit pre-existing condition exclusions when changing plans
Portability rules help people keep coverage and limit pre-existing condition exclusions when moving between health plans.
2. When a Vermont producer completes a health insurance application and records the applicant's answers accurately, the producer is performing:
Field underwriting
Recording accurate information on the application is field underwriting, the producer's first step in risk selection.
3. Under 8 V.S.A. § 4052, which group is an example of a group that may be covered by blanket health insurance in Vermont?
All persons who may become passengers on a common carrier
8 V.S.A. § 4052(a)(1) lists a policy issued to a common carrier covering all persons who may become passengers, along with students, volunteer groups, and others.
4. Under Vermont Regulation I-80-1, an agent-sold individual accident and sickness policy's outline of coverage must be:
Delivered with the policy, or at application with a signed receipt
Regulation I-80-1, Section 8(B), requires the outline to be delivered with the policy, or to the applicant at the time of application with an acknowledgment of receipt provided to the insurer; direct response insurers deliver it no later than policy delivery.
Practice: Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
