Chapter 2 Review Questions
a. premium rates are relatively inexpensive compared to other comparable policies
b. premium quotes do not vary between applicants
c. applicants must join an association or union to obtain coverage
d. all of the above
a. illegal
b. fraudulent
c. exempt from state regulation
d. none of the above
a. subject to federal jurisdiction
b. subject to state jurisdiction
c. subject to joint state and federal jurisdiction
d. not subject to state jurisdiction but possibly subject to federal jurisdiction
a. a single-employer ERISA benefits plan
b. multiple-employer ERISA benefits plans
c. "association" ERISA benefits plans
d. none of the above are exemption from state regulation
a. health insurance benefits exempt from state regulation
b. health insurance benefits exempt from federal regulation
c. tax deductible health insurance benefits
d. federally regulated health insurance benefits
a. is exempt from state insurance laws regarding health benefits
b. is considered a multiple employer welfare arrangement
c. is subject to the minimum participation standards under ERISA
d. is classified as a self-insured health plan
a. lower cost employee benefits for smaller employers
b. availability of employee benefits not generally obtainable by smaller employers
c. exemption from state licensing requirements
d. all of the above are benefits of an employee leasing arrangement
a. a third degree misdemeanor
b. a second degree misdemeanor
c. a first degree misdemeanor
d. a third degree felony
a. $500 per violation
b. $1,000 per violation
c. $5,000 per violation
d. $50,000 per violation
a. up to one year in county jail
b. up to one year in prison
c. up to three years in prison
d. up to five years in prison
a. civil liability for all unpaid claims
b. revocation of all insurance licenses
c. suspension of all insurance licenses
d. all of the above
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