New york insurance Bundled Cases New 2024 Versions Fully Solved 100%

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that protec...

Define Aleatory contract. - An Aleatory contract is a contract in which participating parties exchange unequal amounts. Insurance contracts are aleatory in that the amount the insured will pay in premiums is is unequal to the amount the insurer will pay in the event of a loss. Define warranty: - ...

A beneficiary change can occur? - normally at any time during the policy term A disability policy where the premiums are due monthly require a grace period of? - 10 days A domestic insurance company in NY must - formed under the laws of New York A dread disease policy is considered to be a type o...

According to the HIPAA Privacy Rule, what is protected health information (PHI)? - All individually identifiable health information about the insured, such as demographic data that relates to past, present or future physical or mental health or conditions, or payment information. An insured purch...

Accellerated Death benefits can effect - whether you get public assistance program help - information about the effects on the policy of accellerated death benefits must be shown to the policy holder Adjuster License - acts on behalf of th insurer to investigata and sjust claims arising under in...

A "premature" distribution from a modified endowment contract (MEC) incurs a penalty tax of - 10% A characteristic of preferred provider organizations (PPO) is - If service is obtained outside the PPO, benefits are reduced and costs increase A copy of all Medicare Supplement advertisements mus...

A "premature" distribution from a modified endowment contract (MEC) incurs a penalty tax of - 10% A certificate of coverage for a group health policy is best described as - proof of coverage for the employee A comprehensive group policy also covers expenses related to vision care. Which of the...