1. Exam Prep
  2. New Mexico
  3. Accident & Health
  4. Guaranty Association and Seniors

Free Guaranty Association and Seniors Practice Questions

New Mexico Accident & Health exam — 51 practice questions.

Subtopics: Guaranty association, Advertising guaranty, Medicare supplement, Medigap open enrollment, Medigap free look, Suitability for seniors, Long-term care, LTC inflation, Outline of coverage, Replacement waiting period, Guaranty limits, Medicare Part A, Own occupation, Any occupation, Residual disability, Presumptive disability, Recurrent disability, Elimination period effect, Benefit period, COLA rider, Future increase option, Benefit limits, Waiver of premium, Short-term disability, Social insurance offset, Business overhead expense, Disability buy-sell, Key employee DI, Social Security disability definition, Probationary period DI, Relation of earnings to insurance, Partial disability benefit, Group long-term disability, Accident vs sickness elimination period, Flat benefit amount, Automatic increase rider, Return of premium rider, Additional monthly benefit rider, Hospital confinement rider, Nondisabling injury benefit, Rehabilitation benefit, Survivor benefit, Catastrophic disability rider, Transition benefit, Occupational classification, Income replacement ratio, Workers compensation offset, Group LTD definition of disability, Retroactive benefit, Maximum benefit period to age 65, Disability benefit

Sample questions & answers

1. The New Mexico Life and Health Insurance Guaranty Association exists primarily to:

Protect covered policyholders if a member insurer becomes insolvent

The guaranty association provides limited protection to policyholders when a member life or health insurer becomes insolvent.

2. A New Mexico producer may NOT use the existence of the guaranty association to:

Induce a sale by advertising the guaranty fund

Using the guaranty association in sales or advertising as an inducement to buy is prohibited.

3. A New Mexico Medicare supplement (Medigap) policy is designed to:

Pay gaps such as Medicare deductibles and coinsurance

Medicare supplement policies pay certain costs Medicare does not, such as deductibles and coinsurance.

4. The Medicare supplement open enrollment period in New Mexico generally begins when the applicant:

Is first enrolled in Medicare Part B at or after age 65

Medigap open enrollment generally starts when the individual is 65 or older and enrolled in Medicare Part B; verify current rules.

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Practice: Guaranty Association and Seniors

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.