H04 Health Insurance Underwriting MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on H04 Health Insurance Underwriting, a fundamental topic in the field of IC38 Life Insurance Agent Exam. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our H04 Health Insurance Underwriting MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of H04 Health Insurance Underwriting mcq questions that explore various aspects of H04 Health Insurance Underwriting problems. Each MCQ is crafted to challenge your understanding of H04 Health Insurance Underwriting principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC38 Life Insurance Agent Exam tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our H04 Health Insurance Underwriting MCQs are your pathway to success in mastering this essential IC38 Life Insurance Agent Exam topic.

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H04 Health Insurance Underwriting MCQs | Page 6 of 7

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Q51.
What is one of the factors considered when underwriting non-employer employee groups for health insurance?

a.

The location of the group members

b.

The group members' credit card history

c.

The professional associations or societies they belong to

d.

The number of policies already issued to group members

Discuss
Answer: (c).The professional associations or societies they belong to Explanation:When underwriting non-employer employee groups for health insurance, factors like professional associations or societies to which the group members belong can be considered.
Q52.
What is one purpose of group health insurance underwriting?

a.

To exclude certain individuals from coverage

b.

To evaluate the characteristics of the group and determine premium rates

c.

To provide uniform coverage to all group members

d.

To offer group members the option to opt out of coverage

Discuss
Answer: (b).To evaluate the characteristics of the group and determine premium rates Explanation:One purpose of group health insurance underwriting is to evaluate the characteristics of the group and determine premium rates based on those characteristics.
Q53.
What is one important factor that affects the premium rate for overseas travel insurance?

a.

The number of people covered by the policy

b.

The proposer's occupation

c.

The policyholder's age and the travel duration

d.

The countries to be visited

Discuss
Answer: (c).The policyholder's age and the travel duration Explanation:The premium rate for overseas travel insurance depends on the policyholder's age and the duration of foreign travel.
Q54.
Among foreign countries, which countries typically have the highest premium rates for overseas travel insurance?

a.

European countries

b.

Asian countries

c.

USA and Canada

d.

African countries

Discuss
Answer: (c).USA and Canada Explanation:Among foreign countries, the USA and Canada typically have the highest premium rates for overseas travel insurance due to the high cost of medical treatment in these countries.
Q55.
What is one of the primary underwriting considerations for personal accident insurance?

a.

The insured's gender

b.

The insured's nationality

c.

The nature of the insured's occupation

d.

The insured's travel history

Discuss
Answer: (c).The nature of the insured's occupation Explanation:The primary underwriting consideration for personal accident insurance is the nature of the insured's occupation.
Q56.
In personal accident insurance, what does the term "Risk group I" typically represent?

a.

People engaged in manual labor

b.

Persons working in underground mines

c.

Professionals and individuals in administrative functions

d.

People engaged in high-risk activities like racing

Discuss
Answer: (c).Professionals and individuals in administrative functions Explanation:"Risk group I" in personal accident insurance typically represents professionals and individuals in administrative functions.
Q57.
What is the general age limit for the working population (employer-employee) in personal accident insurance?

a.

18-70 years

b.

5-70 years

c.

18-60 years

d.

20-75 years

Discuss
Answer: (a).18-70 years Explanation:The general age limit for the working population (employer-employee) in personal accident insurance is 18-70 years.
Q58.
What does a family package cover in a personal accident policy typically include?

a.

Coverage for children only

b.

Coverage for non-earning spouses only

c.

Coverage for death and permanent disablement of children and non-earning spouses

d.

Coverage for death and permanent disablement of the policyholder's parents

Discuss
Answer: (c).Coverage for death and permanent disablement of children and non-earning spouses Explanation:A family package cover in a personal accident policy typically includes coverage for death and permanent disablement of children and non-earning spouses.
Q59.
What criteria must a proposed "Group" fall under to avail of group discounts and other benefits?

a.

Must include a specific number of employees

b.

Must be a co-operative society

c.

Must be a registered service club

d.

Must be categorized under specific groups like employer-employee relationships, co-operative societies, service clubs, or credit card holders

Discuss
Answer: (d).Must be categorized under specific groups like employer-employee relationships, co-operative societies, service clubs, or credit card holders Explanation:A proposed "Group" must fall under specific categories like employer-employee relationships, co-operative societies, service clubs, or credit card holders to avail of group discounts and other benefits.
Q60.
What is one of the factors that can determine the premium for Personal Accident (PA) policies in group insurance?

a.

The occupation of the insured

b.

The marital status of the insured

c.

The location of the insured's residence

d.

The insured's educational background

Discuss
Answer: (a).The occupation of the insured Explanation:The occupation of the insured is one of the factors that can determine the premium for Personal Accident (PA) policies in group insurance.
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