NY Accident and Health 17-52 exam with
complete solutions.
NY Accident and Health 17-52 exam with
complete solutions.
If an insurance company obtains an investigative consumer report on a prospective
insured , it MUST inform the prospect that it is permitted to do so under which of the
following Federal laws ? - Answer = The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - Answer = established procedures that
consumer-reporting agencies must follow in order to ensure that records are
confidential, accurate, relevant, and properly used
Obtaining consumer information reports under false pretenses is prosecutable by which
of the following? - Answer = Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain
consent? - Answer = The applicant
How many years must credit information be retained? - Answer = 7 years
What is the Gramm-Leach-Bliley Act? - Answer = Establishes rules for financial
institutions on privacy notices that must be sent to consumers informing what
information is collected, how it's shared and used, and how it is protected.
Which federal law requires financial institutions to provide the consumer with
information on how personal information is used? - Answer = Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act
(ACA)? - Answer = High deductible health plans (HDHP) (HDHP is established by the
IRS and not the ACA)
Which insurance plans are commonly offered through the worksite (employer
sponsored)? - Answer = Medicare (offered by the federal government)
The benefits paid by Medicare are most similar to? - Answer = Major medical
How long after being entitled to social security benefits will an individual be eligible to
receive Medicare benefits? - Answer = 2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - Answer =
financial need
