Insurance Exam Already Graded A+
COBRA and HIPAA both address portability. What is the difference between them? COBRA provides a
coverage bridge, HIPAA addresses coverage under plans for new entrants
The type of health insurance policy most likely used to cover all students attending a large ...
Insurance Exam Already Graded A+ COBRA and HIPAA both address portability. What is the difference between them? ✅COBRA provides a coverage bridge, HIPAA addresses coverage under plans for new entrants The type of health insurance policy most likely used to cover all students attending a large university is ✅a blanket policy The life and health insur ance marketing system utilizing producers that represent multiple insurance companies at the same time, are compensated on a commission basis, and own their own " book of business" is the ✅independent agency system which of the following statements about key employee life insurance is true? ✅the business is always the owner and beneficiary of key employee insurance Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has billy selected? ✅life income option which if the following is correct regarding alabama's annuity suitability regulation? ✅all are correct -the p roducer must make every effort to obtain information to clarify the prospective purchaser's financial status, tax status and investment objectives -the producer must have reasonable grounds to believe the recommended annuity purchase is suitable based on t he facts disclosed -the producer must maintain records of information obtained for at least three years after the transaction withholding of facts that should be included in an application for insurance is called ✅concealment interest sensitive whole lif e is also called ✅current assumption whole life which of the following are true regarding medicare prescription drug coverage (part d)? ✅all of the above -there is a monthly premium -there is an annual deductible -there are copay requirements in general advertising would include each of the following except ✅communication of administrative matters the application has two parts. part 1 is? ✅general information about the applicant all health insurers must pay claims as prescribed by alabama law . which of these statements is false? ✅insurers may decide which claim forms they will accept Each of the following statements is true about disclosures except ✅the company must keep a copy of the buyers guide and policy summary for at least 5 years if you qualify for COBRA coverage under the group health plan ✅all of the above -may be extended for up to 18 months for you and your dependents -may be extended for a total of 29 months if on the date coverage is terminated your or any of your dependents meet the qualifications for social security disability -may be extended for your dependents for 36 months when they marry or reach the limiting age an attending physician's statement is used to do what? ✅obtain detailed information regarding a specific medica l condition when a policy claim contains a deductible and a coinsurance provision the policy holder's portion of the claim is calculated by ✅applying the deductible first a disability income policy typically covers ✅just the wage earners how can interes t rates or investments affect premiums ✅companies pass the cost of borrowing money along to customers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
