7) A d eductible under which expenses are accumulated on an annual basis, and once a s is reached, the deductible is satisfied for the year is called a A) straight deductible. C) calendar-year deductible. B) prospective deductible. D) waiting period. 8) HMOs: 8) A) are the same as PPOs but cover only groups of individuals B) collect a capitation payment for each insured and provide "comprehensive" health and reventive care C) provide a reduced fee if the insured has zero claims during the preceding policy year D) tend to be found mostly in rural areas 9) Which of the following are potential benefits of a 401(k) or 403(b) plan? 9) I. You can make yourself low-interest loans. You can save for retirement. II. Your contributions to the plan are tax-free. IV. Your contributions to the plan are tax-deferred A),II, III and C) , ll and only B) I, II, and III only D) I and only 10) Amber believes that her auto insurance premium is too high. Which of the following would most 10) - likely lower Amber's premium? A) Amber could increase the amount of liability insurance that she carries. B) Amber could move from the rural area where she lives to an urban or suburban area. C) Amber could increase her collision deductible. D) Amber could add "other-than-collision loss" coverage to her policy. 11) Which automobile coverage(s) have a deductible in New Jersey? A) Coverages B and ID C) Coverages A and C B) Coverage D D) Coverages A and hB 12) What is the main reason for the increase in employee benefit costs during the last 15 years? A) Cost of funding retirement income B) Cost of sick leave and worker absenteeism C) Cost of health insurance D) None of the above 13) 13) Raising deductibles of an insurance policy A) Draresith ca raf B) Increases the cost of the policy and decreases the out of pocket cost of a claim C) Increases the cost of the policy and increases the out of pocket cost of a claim D) Decreases the cost of the policy and decreases the out of pocket cost of a claim 14) 14) A number of benefits are payable under no-fault plans. Under one provision, benefits are paid for tasks normally performed by the insured, including such things as lawn care, housework, and home repairs. These tasks are called A) home health care services. C) activities of daily living B) essential services expenses. D) hospice services. B-2 7) A d eductible under which expenses are accumulated on an annual basis, and once a s is reached, the deductible is satisfied for the year is called a A) straight deductible. C) calendar-year deductible. B) prospective deductible. D) waiting period. 8) HMOs: 8) A) are the same as PPOs but cover only groups of individuals B) collect a capitation payment for each insured and provide "comprehensive" health and reventive care C) provide a reduced fee if the insured has zero claims during the preceding policy year D) tend to be found mostly in rural areas 9) Which of the following are potential benefits of a 401(k) or 403(b) plan? 9) I. You can make yourself low-interest loans. You can save for retirement. II. Your contributions to the plan are tax-free. IV. Your contributions to the plan are tax-deferred A),II, III and C) , ll and only B) I, II, and III only D) I and only 10) Amber believes that her auto insurance premium is too high. Which of the following would most 10) - likely lower Amber's premium? A) Amber could increase the amount of liability insurance that she carries. B) Amber could move from the rural area where she lives to an urban or suburban area. C) Amber could increase her collision deductible. D) Amber could add "other-than-collision loss" coverage to her policy. 11) Which automobile coverage(s) have a deductible in New Jersey? A) Coverages B and ID C) Coverages A and C B) Coverage D D) Coverages A and hB 12) What is the main reason for the increase in employee benefit costs during the last 15 years? A) Cost of funding retirement income B) Cost of sick leave and worker absenteeism C) Cost of health insurance D) None of the above 13) 13) Raising deductibles of an insurance policy A) Draresith ca raf B) Increases the cost of the policy and decreases the out of pocket cost of a claim C) Increases the cost of the policy and increases the out of pocket cost of a claim D) Decreases the cost of the policy and decreases the out of pocket cost of a claim 14) 14) A number of benefits are payable under no-fault plans. Under one provision, benefits are paid for tasks normally performed by the insured, including such things as lawn care, housework, and home repairs. These tasks are called A) home health care services. C) activities of daily living B) essential services expenses. D) hospice services. B-2