When Susie takes up smoking, the cost of her insurance coverage goes up. This is a result of: Options A) Risk Insurance B) Risk Adjustment C) Clerical Error D) Risk Adversity…
Category: Insurance MCQs
What is one aspect in which managed care differs from conventional insurance?
What is one aspect in which managed care differs from conventional insurance? Options A) Assumption of risk B) Collection of premiums C) Responsibility for delivery of services D) Payments to providers….
The basic purpose of insurance is to provide
The basic purpose of insurance is to provide Options A) Loans B) Prevention C) Protection D) Liability
Which type of insurance policy would someone get to protect others only?
Which type of insurance policy would someone get to protect others only? Options A) health insurance B) life insurance C) property insurance D) disability insurance Answer Explanation Life…
Why does insurance often provide peace of mind
Why does insurance often provide peace of mind Options A) People know their insurance coverage will help prevent accidents and damage. B) People trust that they will make a profit…
When choosing a healthcare provider, who is responsible for making sure insurance covers the care?
When choosing a healthcare provider, who is responsible for making sure insurance covers the care? Options A) You B) Doctors C) Insurance Companies D) Nurses Answer Explanation Insurance companies are a…
Which of the following statements about noncontributory employee group life insurance is false?
Which of the following statements about Noncontributory Employee Group Life Insurance is false? Options A) A minimum number of employees is required to participate B) All eligible employees must be covered C)…
The person who receives financial protection from a life insurance plan is called a:
The person who receives financial protection from a life insurance plan is called a: Options: A. Beneficiary B. Payer C. Insured D. Giver Detailed Answer Explanation: A beneficiary is a person…
Jan pays $70 each month for her auto insurance policy. This regular payment is called a:
Jan pays $70 each month for her auto insurance policy. This regular payment is called a: Options: A) Co pay B) Deductible C) Premium D) Claim Explanation: Co…
Which of the following is true about Credit Life Insurance
Which of the following is true about Credit Life Insurance Options: A) Debtor is the annuitant. B) Creditor is the insured. C) Debtor is the policy beneficiary. D) Creditor is the…