Question 1

Nearly all citizens of the U.S.A., regardless of age, are eligible for Medicare Part B if they are:

Options :

A : Retired permanently

B : Eligible for Medicare Part A

C : Uninsurable through commercial insurers

D : "Fully insured" under Social Security

Answer: B

Question 2

In addition to the applicant, who signs an application for health insurance?

Options :

A : The applicant’s spouse

B : The applicant’s dependents

C : The inspection company representative

D : The agent

Answer: D

Question 3

When a health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?

Options :

A : The premium payor

B : The principal insured individual

C : The patient or parent of the patient

D : The insurer

Answer: D

Question 4

If an employee in poor health is part of a large group that is acceptable for group life insurance, that employee is:

Options :

A : Ineligible for coverage under the plan

B : Eligible for coverage, but on a rated basis

C : Eligible for the same type of coverage as other employees

D : Eligible for coverage more limited than that of other employees

Answer: C

Question 5

Which is true about ownership of a deferred annuity contract?

Options :

A : All of the participants in a group contract are part-owners

B : Ownership rights are neither transferable nor assignable

C : An owner may be the annuitant or the beneficiary or neither

D : An owner’s rights take effect when the benefit payment phase begins

Answer: C