Life and Health Insurance Practice Test 2

Insurance is regulated by the:

Legislation that governs and regulates the insurance industry is referred to as:

Which of the following questions is NOT an example of a life insurance plan rider?

Which department of an insurance company decides which applications will be approved or declined and is responsible for assigning risk classifications?

The 11 optional provisions included in life insurance contracts lean more toward restrictions placed on the:

Which entities are responsible for selecting which of the 11 optional life insurance provisions will be included in insurance contracts?

As of January 2023, a Qualified Health Plan is considered to be “affordable” if an individual’s share of premiums for the lowest cost plan offered does not exceed:

Which of the answers below is NOT one of the ten categories of “minimum essential coverage (MEC)” as defined by the Affordable Care Act:

Co-Insurance is the percentage of healthcare costs an insured individual pays after the insured:

Outside the initial or annual enrollment period, an insured individual can only make changes to the plan when: