Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Insurance 5
| Question | Answer |
|---|---|
| Sole proprietors are permitted tax deductions for health costs paid from their earnings in the amount of | 100% of costs |
| A nonparticipating policy will | not pay dividends |
| A(n) ______ company is owned by its shareholders. | stock |
| Which disability policy provision would address any concerns of the value of the benefits decreasing over time? | Cost of living benefit |
| A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n) | association or labor group |
| Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the maximum penalty for this? | $10,000 |
| Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? | It would be considered taxable income to the employee |
| Coordination of Benefits regulation applies to all of the following plans EXCEPT | Preferred Provider Organization plan |
| Written notice for a health claim must be given to the insurer ___ days after the occurrence of the loss. | 20 |
| Health insurance involves two perils, accident and ____. | Sickness |
| As of January 1, 2014, an employer with up to 25 full time equivalent (FTE's) with average annual wages of less than $50,000 may be eligible for a tax credit of ___ of the premiums paid by the employer. | 50 |
Created by:
johnnywaldron71