# qna_tbl

source: mock_exam_1
src_question: question_4
chapter: Chapter_2
section: Section 2.1.1(iii)
option_1: Outpatient liver treatment charges
option_2: Outpatient kidney treatment charges
option_3: Outpatient Hepatitis B Vaccination
option_4: Outpatient assisted conception procedures
reasoning: Please refer to textbook.
question:
Which of the following is covered under catastrophic outpatient expenses in Medical Expense Insurance Policy?


source: mock_exam_1
src_question: question_5
chapter: Chapter_2
section: Section 2.2.3
question: Miscarriage Benefit in a Medical Expense Policy provides for:
option_1: The reimbursement of expenses in a willful termination to a pregnancy.
option_2: The reimbursement of Assisted Conception Procedure treatments.
option_4: The reimbursement of medical expenses in an ectopic pregnancy
reasoning: Please refer to textbook.
option_3:
The reimbursement of charges incurred for the consultation of a specialist within a number of days before termination.


source: mock_exam_1
src_question: question_6
chapter: Chapter_2
section: Section 3.3
option_1: $512.70
option_2: $584.44
option_3: $615.20
option_4: $487
reasoning: ($182.31 + $227.89 + $102.5 + $102.5 )X 95% (enjoy family discount of 5%) = $584.44
question:
Mr. Lim is buying a policy for himself and his wife and 2 children of the same premium each.\nWhat is the premium payable given the following?\nMr. Ang’s premium $182.31\nMrs. Ang’s premium $227.89\n1 child’s premium $102.50


source: mock_exam_1
src_question: question_8
chapter: Chapter_2
section: Section 3.5.1
question: Which of the following statement is TRUE?
option_3: Per annum deductible includes a variety of covered sickness or injuries within a policy year.
reasoning: Please refer to textbook.
option_1:
Per disability/per year deductible is more restrictive as compared to per disability/per claim deductible.

option_2:
The same sickness or injury within the same policy year applies to “per disability/per claim deductible”.

option_4:
Under per disability/per year deductible, the insured will have to bear the deductible each time he makes a claim regardless of the number claims made within the same year.


source: mock_exam_1
src_question: question_9
chapter: Chapter_2
section: Section 3.5.3
option_1: Deductible
option_2: Co–insurance
option_3: Means Testing
option_4: Pro-ration factor
reasoning: Please refer to textbook.
question:
When the insured person is admitted to a ward higher than what he is entitled to under his existing plan, ___________is applied on the actual charges incurred and covered under the policy. It will cause actual benefits payable to be reduced.


source: mock_exam_1
src_question: question_10
chapter: Chapter_3
section: Section 2
option_1: Minimal underwriting requirement, as employee only need to complete a health declaration form.
option_2: Experience-rating, as it is usually underwritten based on past claims experience.
option_3: Cost effective, as it provides low cost protection.
option_4: Plan is renewable by the employer on a yearly basis.
reasoning: Please refer to textbook.
question:
Which of the following characteristics of group insurance is important to the underwriter in determining the 'feel' of future claim experience?


source: mock_exam_1
src_question: question_11
chapter: Chapter_3
section: Section 2
option_1: The employee to be under a compulsory scheme.
option_2: The employee to be full time employed on the day the insurance coverage takes effect.
option_3: The employee to be at work on the day the insurance coverage takes effect.
reasoning: Please refer to textbook.
question:
Group Polices often have an 'actively at work' clause. In order to be eligible for the cover, this clause requires:

option_4:
The employee to obtain official Medical Certificate if he is unwell on the day the insurance coverage takes effect.


source: mock_exam_1
src_question: question_13
chapter: Chapter_3
section: Section 4.2
option_1: Group Medical Expense Insurance
option_2: Portable Medical Benefit Scheme
option_3: Transferable Medical Insurance Scheme
option_4: Integrated Shield Plans
reasoning: Please refer to textbook.
question:
When an employee leaves his current company, medical benefits provided by his employer will automatically be terminated. Which of the following plans purchased by the employer will solve this problem?


source: mock_exam_1
src_question: question_14
chapter: Chapter_4
section: Section 4.3
option_1: $1,141,809
option_2: $1,712,714
option_3: $2,140,893
option_4: $2,854,524
question:
Compute Disability Income Benefit. Given the following details:\nEscalation Benefit : 3%\nMonthly Income : $5000\nMonthly Expense : $3000\nNo of years : 30 years

reasoning:
$5000 x 75% = $3750\n$3750 X 12 x *47.5754 = $2,140,893\n* 47.5754 (factor from Table A1 – 3%; 30 years)


source: mock_exam_1
src_question: question_15
chapter: Chapter_4
section: Section 5.1.2
option_1: Any Occupation
option_2: Own Occupation
option_3: Specific Occupation
option_4: Modified Own Occupation
reasoning: Please refer to textbook.
question:
\“The insured’s inability to perform any gainful occupation or a similar occupation for which he is reasonably suited by reason of education, training or experience\” refers to: 


source: mock_exam_1
src_question: question_16
chapter: Chapter_4
section: Section 6.2b
option_1: $3,000 per month
option_2: $2,500 per month
option_3: $1,875 per month
option_4: $4,000 per month
reasoning: $4000 - $1500 / $4000 x $3000 = $1875.
question:
Mr Tan, who is an accountant, used to earn $4,000 per month before he was disabled. After partial recovery from his disability, he found a suitable job as a clerk, which pays him $1,500 per month. What would Mr Tan’s disability income benefit be?


source: mock_exam_1
src_question: question_18
chapter: Chapter_5
section: Section 2
question: Which of the following regarding Long Term Care Insurance (LTCI) is true?
option_2: The young and healthy need not buy LTCI.
option_3: It is not governed by the Over Insurance Provision Clause.
option_4: Premiums are based on age band basis.
reasoning: Please refer to textbook.
option_1:
LTCI is meant to meet costs of care to a special group of elderly who is physically impaired and unable to function independently.


