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Maryland Insurance Administration MarylandAccident and Health or Sickness Producer Series 20-24 Sample Questions:
1. To be deemed a "qualified employer" under the Maryland Health Benefit Exchange Act, anemployer MUST:
A) Have at least 50% of its employees reside in the state of Maryland
B) Have at least 50% of its employees work in the state of Maryland
C) Contribute to employee premiums
D) Have its principal place of business in the state of Maryland
2. The waiver of premium provision in a disability income policy provides that premiums will be waived during:
A) The disability benefit period
B) The grace period
C) The time limit on certain defenses
D) The elimination period
3. All of the following are considered to be fraud EXCEPT:
A) Collecting a proper premium for insurance that is provided
B) Collecting a charge for insurance that is less than the charge applicable to that insurance
C) Collecting a premium for insurance that is not provided
D) Willfully collecting a premium that exceeds the amount of the premium
4. When an accident and health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?
A) The premium payor
B) The patient or parent of the patient
C) The principal insured individual
D) The insurer
5. Which statement is true of trade association groups eligible for group medical benefits?
A) Such associations are formed for the purpose of purchasing insurance
B) Members of the association are usually in the same industry
C) The association membership primarily consists of large employers
D) Employer contributions are usually waived
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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