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5 Written questions

5 Matching questions

  1. Health Insurance
  2. Fraud
  3. Medicare
  4. Individual Insurance
  5. Accounting Department
  1. a deception to cause a person to give up property or something of lawful right
  2. b issued to insure the life or health of a named person or persons
  3. c maintains the records to show if the company is being run in a profitable manner
  4. d covers medical and hospital services. Such policies are sold as individual or group policies
  5. e the Federal Health Insurance Benefit Plan for the Aged and Disabled under Title XVIII of Public Law 89-97 of the Social Security Act

5 Multiple choice questions

  1. is an agreement whereby companies collect fees or "premiums" from individuals or companies on a regular basis
  2. are designed to compensate an insured for all of the actual losses or damages to make that person whole again
  3. pays a benefit to the beneficiary in the event of the insured person's death by accidental means
  4. covers and employee's salary, or a percentage of it, while the employee is on disability leave
  5. an organized effort to discover the facts or truth of the matter

5 True/False questions

  1. Insurance Speculationmeans buying insurance or coverage for the purpose of making a profit

          

  2. Coverage expenseAny expense complete or partial payment is provided under the insurance policy

          

  3. Underwriting Departmentresponsible for making sure that the premium rates are accurate and that claim payments do not exceed the amount assumed when the premium rates were calculated

          

  4. Premium Services Departmenthandles and processes all premium payments received

          

  5. Legal damagesare monetary awards above and beyond the benefits provided by the group plan

          

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