Wisconsin Accident and Health Insurance Exam 3 Study Questions and Answers 2024
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Course
Wisconsin Accident and Health Insurance
Institution
Wisconsin Accident And Health Insurance
What is the consequence for an intermediary's failure to pay his/her biennial license fee?
Intermediary is incarcerated by the Insurance Commissioner.
Intermediary's license is suspended for 180 days.
Intermediary's license is revoked.
Intermediary's commission rate is reduced. - ANSWER-Inter...
Wisconsin Accident and Health
Insurance Exam 3 Study Questions and
Answers 2024
What is the consequence for an intermediary's failure to pay his/her biennial license
fee?
Intermediary is incarcerated by the Insurance Commissioner.
Intermediary's license is suspended for 180 days.
Intermediary's license is revoked.
Intermediary's commission rate is reduced. - ANSWER-Intermediary's license is
revoked.
Which of these situations would NOT potentially involve a prison sentence under
Federal law?
Selling insurance with a nonresident license.
Misappropriating insurance premiums.
Embezzlement of an insurer's funds.
Sending threatening letters to an insurer. - ANSWER-Selling insurance with a
nonresident license.
How long can pre-existing conditions be excluded in long-term care policies?
What is the proper procedure for an intermediary to change his/her mailing address?
Notify the Governor's office in writing within 15 days.
Notify the Commissioner's office in writing within 30 days.
Notify the appointing insurer in writing within 15 days.
Notify the Commissioner's office via telephone within 30 days. - ANSWER-Notify the
Commissioner's office in writing within 30 days.
Health providers are compensated by a preferred provider organization (PPO) for
normal dental procedures by what means?
What is considered interstate travel under the Federal Fraud and False Statements Act?
Canada.
Jamaica.
Mexico.
Puerto Rico. - ANSWER-Puerto Rico.
Under what circumstances must an intermediary provide his or her business records to
the Commissioner?
Upon request of an insured.
Upon request of the Commissioner.
Under no circumstances due to privacy consideration.
By authorization from the National Association of Insurance Commissioners (NAIC). -
ANSWER-Upon request of the Commissioner.
For group health plans covering employees in more than one state, the state regulatory
jurisdiction established for the plan may affect any of the following aspects EXCEPT
, Wisconsin Accident and Health Insurance Exam 3
Minimum enrollment percentages.
Eligibility qualifications.
Required contract provisions.
COBRA continuation of coverage. - ANSWER-COBRA continuation of coverage.
If an intermediary chooses to conduct business under an assumed name, when must
notification be given to the Commissioner?
No notice is required.
No later than 30 days after using the assumed name.
Prior to using the assumed name.
At the time of license renewal. - ANSWER-Prior to using the assumed name.
An insurance company writing business in a state other than the one in which it is
domiciled is called
A foreign.
A domestic.
An Alien.
A Illegal. - ANSWER-A foreign.
Which of the following is NOT a valid reason for an insurer to cancel an insurance policy
midterm?
Breach of policy conditions by the insured.
Material misrepresentation.
Nonpayment of premium.
Insured's change in marital status. - ANSWER-Insured's change in marital status.
How long can an insurer exclude coverage for a preexisting condition on a Medicare
Supplement Policy?
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