4.02 Health/ Life Insurance Question Preview (ID: 55583)
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Blue Cross / Blue Shield of North Carolina is
a) Coverage provided by a group which is normally the insured’s employer or other inclusive group
b) Coverage provided by a club which is normally the agent and 3rd party
c)
d)
Provides for the daily custodial care as well as the long-term nursing care that an individual may need outside of the hospital.
a) Short term care
b) Long -term care
c) Daycare
d)
It is designed to protect the physical assets owned, leased, rented or used by individuals and families
a) Auto Insurance
b) Homeowner's Insurance
c) Health Insurance
d) Life Insurance
Medicare is a part of the federal Social Security program
a) True
b) False
c)
d)
Amendments to the Truth-in-Lending law that include requirements for cosigners who applicants under 21 years of age
a) Credit Card Act of 2009
b) Credit Card Act of North Carolina
c)
d)
Fair Credit Reporting Act is defined as;
a) Law that grants consumers to the right to know who requests to view their credit report over the past year
b) Law that grants consumers to the right to know who requests to use their credit card the past month
c)
d)
Provides consumers with a means to dispute a billing error on open-ended credit accounts (credit and charge cards) is
a) Fair Cash and Billing Act
b) Fair Credit Billing Act
c)
d)
Prohibits unfair, abusive, and deception methods of collecting debt
a) Fair Debt Collection Practices Act
b) Fair Credit Reporting Act
c)
d)
Requires creditors to provide consumers with the terms and cost of credit __
a) Teaching in Leading Lessons
b) Truth In Lending Law
c)
d)
Chapter 7 is defined as it requires the debtor to liquidate (sale) nonexempt property to repay creditors
a) True
b) False
c)
d)
Federal Deposit Insurance Act is defined as..
a) Created to maintain the public’s confidence in schools and encourage stable teaching practices
b) Created to maintain the public’s confidence in banks and encourage stable banking practices
c)
d)
FDIC stands for ..
a) Federal Deposit Insured Application
b) Federal Deposit Insurance Act
c)
d)
Usury law is it sets the maximum amount of interest that can be charged for a loan
a) True
b) False
c)
d)
Protects consumers against unauthorized electronic fund transactions including debit and credit card purchases
a) Electronic Funds Transfer Act
b) Electronic Funds Tip Act
c)
d)
Law that grants consumers to the right to know who requests to view their credit report over the past year
a) Fair Credit Act
b) Fair Credit Reporting Act
c)
d)
Increased the government’s ability to combat bank fraud
a) Thrift and Bank Fraud Act
b) Fair Credit Reporting Act
c)
d)
Equal Credit Opportunity Act
a) Law that grants consumers to the right to know who requests to view their credit report over the past year
b) consumer’s credit application can only be judged on the basis on financial responsibility not the applicant’s gender, race, m
c)
d)
Premium is fee paid to an insurance company in return for the insuring of property and casualty insurance
a) True
b) False
c)
d)
Spouse Rider Insurance is level term coverage on the life of the insurer’s spouse
a) True
b) False
c)
d)
Beneficiary-A ( secondary) beneficiary is entitled to the policy proceeds if the primary beneficiary has predeceased the insured
a) Contingent beneficiaries
b) Offeree
c)
d)
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