Health Insurance License Readiness Test

10 questions, balanced across the exam's topics. Answer each one, then submit for your practice readiness estimate and per-topic breakdown. This is a practice estimate — not a prediction or guarantee of your official exam result.

After your result, you can start studying right away: the first questions of the full practice bank are free, with no card required.

Question 1

In what year did enactment of the McCarran-Ferguson Act occur?

1,946 1,945 1,944 1,947

Question 2

Which term is defined as: "restoring a lapsed policy upon evidence of insurability and back premiums"

Reinstatement provision Nonrenewal Policy conditions Notice of claim provision

Question 3

A disabled dentist owns a practice with monthly rent of $2,500, utilities of $400, and staff salaries of $6,100. Her business overhead expense (BOE) policy reimburses covered fixed expenses. What is the total of these eligible monthly expenses?

$9,000 $6,100 $2,900 $15,100

Question 4

A policy's rate is $4.50 per $1,000 of coverage. What is the premium for $500,000 of coverage?

$22,500 $4,500 $2,750 $2,250

Question 5

Each of the following is a type of Medicare parts EXCEPT:

Medicare Part A Medicare Part D Professional liability (E&O) Medicare Part C

Question 6

After Mrs. Lane's true out-of-pocket drug costs reach the annual threshold, she enters catastrophic coverage. What does this phase mean for her cost sharing for covered Part D drugs for the rest of the year?

She pays the lowest cost sharing of the benefit — only small copayments or coinsurance, or nothing, for covered drugs for the remainder of the year Her full deductible resets and must be paid a second time She pays 100% of drug costs until the new plan year begins The plan may terminate her enrollment because her costs are too high

Question 7

Which term is defined as: "an applicant's medical records obtained for underwriting"

Reinsurance Law of large numbers Inspection report Attending physician statement

Question 8

What does the term "Rebating" mean?

coverage placed with nonadmitted insurers for hard-to-place risks the National Association of Insurance Commissioners an insurer licensed and authorized to do business in the state returning part of the premium as an inducement to buy; illegal

Question 9

Which term is defined as: "the health provision requiring written evidence of the loss"

Proof of loss provision Grace period provision Waiver and estoppel Reinstatement provision

Question 10

A group LTD plan pays 60% of a claimant's $6,000 monthly salary and offsets the full SSDI award, including dependent (family) benefits. The claimant receives SSDI of $1,500 for herself plus $500 in dependent benefits for her children. How much does the insurer pay?

$2,100 $3,600 $1,100 $1,600

Unanswered questions count as incorrect. Your answers are graded on the server; no answer key is sent to your browser.

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