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5 Written questions

5 Matching questions

  1. Medicare
  2. Coverage expense
  3. New Business Department
  4. Fraud
  5. Insurance
  1. a processes new business acquired by the company and Department also schedules physical examination for policies that require evidence of insurability
  2. b is an agreement whereby companies collect fees or "premiums" from individuals or companies on a regular basis
  3. c Any expense complete or partial payment is provided under the insurance policy
  4. d 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. e deception to cause a person to give up property or something of lawful right

5 Multiple choice questions

  1. entire insurance industry is overseen by a larger body
  2. responsible for ensuring that the company's operation are conducted on a mathematically sound basis
  3. are designed to compensate an insured for all of the actual losses or damages to make that person whole again
  4. often the larger of the two awards and are intended primarily to punish wrongdoing by the defendant and make an example of them to help deter such actions in the future
  5. covers medical and hospital services. Such policies are sold as individual or group policies

5 True/False questions

  1. Embezzlementis the act of an employee illegally taking funds from a company they work for

          

  2. Third Party Administratorthe ability to transfer insurance companies and still be covered for pre-exisiting conditions

          

  3. Accounting Departmentresponsible for ensuring that the company's operation are conducted on a mathematically sound basis

          

  4. Conventional insurancean employer or individual purchases an insurance plan and agrees to pay premiums to the insurance company

          

  5. Accidental Death and Dismemberment Insuranceentire insurance industry is overseen by a larger body