LIFE AND HEALTH INSURANCE EXAM MULTIPLE CHOICE QUESTIONS AND ANSWERS LOUISIANA UNIVERSITY
If deductibles increase, premiums decrease in response. In other words, if
the insured assumes more risk by paying a higher deductible, the insurer
will lower premium amounts in response.
Which of the following are responsible for making premium payments in
an HMO plan?
A. Payors
B. Subscribers
C. Producers
D. Insureds
Verified Answer -B. Subscribers
Subscribers are people in whose name the contract is issued. They would
be responsible for making premium payments.
Which of the following would be a typical maximum benefit offered by
major medical plans?
A. $10 million
B. $50,000
C. $500,000
D. $1 million
Verified Answer -D. $1 million