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Exam 9: Risk Management: the Role of Insurance

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Question 61

Multiple Choice

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Which of the following is a state-administered health insurance designed to provide coverage for individuals and families with low incomes and limited financial assets?

A) Medicaid.
B) Medicare.
C) State Children's Health Insurance.
D) Affordable Care Act.

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Question 62

Multiple Choice

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Which of the following is the most flexible, and costly, type of coverage available?

A) Insurance.
B) Managed care plan.
C) Fee-for-service plan.
D) Health maintenance organization.

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Question 63

Multiple Choice

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Which of the following is an example of a peril?

Which of the following is intended to pay for damage to your vehicle caused by an event, such as a tree falling on the parked car?

Which of the following is a governmental comprehensive health insurance program that provides essential medical care to the neediest in society?

Which of the following is an example of an event that could trigger a comprehensive claim?

Which of the following is a factor that decreases your premium?

At what age might a long-term care policy premium be too expensive?

Which of the following will replace a portion of your salary for 3, 6, or 12 months if you cannot work?

Which of the following factors affects your health the most?

Which of the following will only pay if your loss is caused by something specifically listed in the policy?

What should you do if the severity of a risk is medium and the frequency of the risk event occurring is low?

Which of the following refers to the amount of time between the disability occurring and the insurance company paying the claim?