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Life and Health Insurance Producer Exam

Group insurance: practice questions

Our Life & Health Insurance bank has 15 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

What does HIPAA's portability provision help with?

  1. Taking a 401(k) plan to a new employer
  2. Moving to a new state without losing a license
  3. Limiting pre-existing condition exclusions when changing group plans
  4. Keeping individual life insurance policies when changing from one employer to another
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C. Limiting pre-existing condition exclusions when changing group plans — The ACA now prohibits pre-existing condition exclusions in most plans.

Question 2

What is 'coordination of benefits' in group health insurance?

  1. Rules that require both plans to pay the full amount of each claim
  2. Rules that let the insured choose which plan to bill each time
  3. Rules that combine two plans into one policy with one premium
  4. Rules that determine which plan pays first when a person has two plans, to prevent overpayment
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D. Rules that determine which plan pays first when a person has two plans, to prevent overpayment — The primary plan pays first; the secondary pays some or all of the rest.

Question 3

Under coordination of benefits, whose plan is primary for an employee?

  1. The plan covering the person as a dependant
  2. The plan covering the person as an employee
  3. The plan with the lower premium
  4. The plan that was bought most recently
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B. The plan covering the person as an employee — The birthday rule usually applies to dependent children.

Question 4

What is the conversion privilege in group life insurance?

  1. The right to switch to a different employer's group plan
  2. The right to convert to an individual policy without proof of insurability, usually within 31 days
  3. The right to convert the group policy into cash at any time
  4. The right to convert the benefit into an annuity at retirement
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B. The right to convert to an individual policy without proof of insurability, usually within 31 days — Premiums are based on attained age.

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