TX-LAH05 - General Lines - Life, Accident And Heal
TX-LAH05 - General Lines - Life, Accident and Heal
Exam (elaborations)
TX-LAH05 - General Lines - Life, Accident and Health questions and verified answers
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Course
TX-LAH05 - General Lines - Life, Accident and Heal
Institution
TX-LAH05 - General Lines - Life, Accident And Heal
Accelerated Benefits - correct answer-Riders attached to life insurance policies which allow
death benefits to be used to cover nursing or convalescent home expenses.
Accident - correct answer-An unplanned, unforeseen event which occurs suddenly and at an
unspecified place.
Accident Insurance -...
TX-LAH05
-
General
Lines
-
Life,
Accident
and
Health
Accelerated
Benefits
-
correct
answer-Riders
attached
to
life
insurance
policies
which
allow
death
benefits
to
be
used
to
cover
nursing
or
convalescent
home
expenses.
Accident
-
correct
answer-An
unplanned,
unforeseen
event
which
occurs
suddenly
and
at
an
unspecified
place.
Accident
Insurance
-
correct
answer-A
type
of
insurance
that
protects
the
insured
against
loss
due
to
accidental
bodily
injury.
Accidental
Bodily
Injury
-
correct
answer-Unplanned,
unforeseen
traumatic
injury
to
the
body.
Accidental
Death
and
Dismemberment
(AD&D)
-
correct
answer-An
insurance
policy
which
pays
a
specified
amount
or
a
specified
multiple
of
the
insured's
benefit
if
the
insured
dies,
loses
his/her
sight,
or
loses
two
limbs
due
to
an
accident.
Accidental
Death
Benefits
-
correct
answer-A
policy
rider
that
states
that
the
cause
of
death
will
be
analyzed
to
determine
if
it
complies
with
the
policy
description
of
accidental
death.
Accidental
Death
Insurance
-
correct
answer-An
insurance
policy
that
provides
payment
if
the
insured's
death
is
the
result
of
an
accident.
Accumulation
Period
-
correct
answer-The
time
over
which
the
annuitant
makes
payments
or
investments
in
an
annuity,
and
when
those
payments
earn
interest
tax
deferred.
Acquired
Immunodeficiency
Syndrome
(AIDS)
-
correct
answer-An
infectious
and
incurable
disease
caused
by
the
human
immunodeficiency
virus
(HIV).
Accidental
Death
Benefits
-
correct
answer-A
policy
rider
that
states
that
the
cause
of
death
will
be
analyzed
to
determine
if
it
complies
with
the
policy
description
of
accidental
death.
Accidental
Death
Insurance
-
correct
answer-An
insurance
policy
that
provides
payment
if
the
insured's
death
is
the
result
of
an
accident.
Accumulation
Period
-
correct
answer-The
time
over
which
the
annuitant
makes
payments
or
investments
in
an
annuity,
and
when
those
payments
earn
interest
tax
deferred.
Acquired
Immunodeficiency
Syndrome
(AIDS)
-
correct
answer-An
infectious
and
incurable
disease
caused
by
the
human
immunodeficiency
virus
(HIV).
Activities
of
Dally
Living
(ADLs)
-
correct
answer-Activities
individuals
must
do
every
day
such
as
moving
about,
getting
dressed,
eating,
bathing,
etc. Actual
Cash
Value
(AC)
-
correct
answer-The
required
amount
to
pay
damages
or
for
property
loss,
which
is
calculated
based
on
the
property's
current
replacement
value
minus
depreciation.
Actual
Charge
-
correct
answer-The
amount
a
physician
or
supplier
actually
bills
for
a
particular
service
or
supply.
Actuary
-
correct
answer-A
person
trained
in
the
technical
aspects
of
insurance
and
related
fields,
particularly
in
the
mathematics
of
insurance;
a
person
who,
on
behalf
of
the
company,
determines
the
mathematical
probability
of
loss.
Adhesion
-
correct
answer-A
contract
offered
on
a
"take-it-or-leave-it'
basis
by
an
insurer,
in
which
the
insured's
only
option
is
to
accept
or
reject
the
contract.
Any
ambiguities
in
the
contract
will
be
settled
in
favor
of
the
insured.
Adjustable
Life
-
correct
answer-Life
insurance
which
permits
changes
in
the
face
amount,
premium
amount,
period
of
protection,
and
the
duration
of
the
premium
payment
period.
Adjuster
-
correct
answer-A
representative
of
an
insurance
company
who
investigates
and
acts
on
the
behalf
of
the
company
to
obtain
agreements
for
the
amount
of
the
insurance
claim.
Administrator
-
correct
answer-An
individual
appointed
by
a
court
as
a
fiduciary
to
settle
the
financial
affairs
and
estate
of
a
deceased
person.
Admitted
(Authorized)
Insurer
-
correct
answer-An
insurance
company
authorized
and
licensed
to
transact
business
in
a
particular
state.
Adult
Day
Care
-
correct
answer-A
program
for
impaired
adults
that
attempts
to
meet
their
health,
social,
and
functional
needs
in
a
setting
away
from
their
homes.
Adverse
Selection
-
correct
answer-The
tendency
of
risks
with
higher
probability
of
loss
to
purchase
and
maintain
insurance
more
often
than
the
risks
who
present
lower
probability.
Agency
-
correct
answer-An
insurance
sales
office
or
company.
Agent
-
correct
answer-An
individual
who
is
licensed
to
sell,
negotiate,
or
effect
insurance
contracts
on
behalf
of
an
insurer.
Agent's
Authority
-
correct
answer-Special
powers
granted
to
an
agent
by
his
or
her
agency
contract.
Aleatory
-
correct
answer-A
contract
in
which
participating
parties
exchange
unequal
amounts.
Insurance
contracts
are
aleatory
in
that
the
amount
the
insured
will
pay
in
premiums
is
unequal
to
the
amount
the
insurer
will
pay
in
the
event
of
a
loss.
Alien
Insurer
-
correct
answer-An
insurance
company
that
is
incorporated
outside
the
United
States. Alzheimer's
Disease
-
correct
answer-A
disease
that
causes
the
victim
to
become
dysfunctional
due
to
degeneration
of
brain
cells
causing
severe
memory
loss.
Ancillary
-
correct
answer-Additional,
miscellaneous
services
provided
by
a
hospital,
such
as
x-rays,
anesthesia;
and
lab
work,
but:
not
hospital
room
and
board
expenses.
Annual
Statement
-
correct
answer-A
detailed
financial
report
that
an
insurance
company
must
submit
every
year
to
the
insurance
department
of
state(s)
in
which
it
conducts
business.
Annuity
-
correct
answer-A
contract
that
provides
income
for
a
specified
period
of
years,
or
for
life.
Apparent
Authority
-
correct
answer-The
appearance
or
the
assumption
of
authority
based
on
the
actions,
words,
or
deeds
of
the
principal
or
because
of
circumstances
the
principal
created.
Applicant
-
correct
answer-A
person
making
application
for,
or
offering
him/herself
or
another
to
be
insured
under
an
insurance
contract.
Application
-
correct
answer-A
document
that
provides
information
for
underwriting
purposes.
After
the
policy
is
issued,
any
unanswered
questions
are
considered
waived
by
the
insurer.
Approved
Amount
-
correct
answer-The
amount
Medicare
determines
to
be
reasonable
for
a
service
that
is
covered
under
part
B
of
Medicare.
Assignment
(Life)
-
correct
answer-The
transfer
of
ownership
rights
of
a
life
insurance
policy
from
one
person
to
another.
Assignment
(Health)
-
correct
answer-A
claim
to
a
provider
or
medical
supplier
to
receive
payments
directly
from
Medicare
Attained
Age
-
correct
answer-The
age
of
the
insured
at
a
determined
date.
Attending
Physician's
Statement
(APS)
-
correct
answer-A
statement
usually
obtained
from
the
applicant's
doctor.
Authorized
(Admitted)
Insurer
-
correct
answer-An
insurance
company
authorized
and
licensed
to
transact
business
in
a
particular
state.
Avoidance
-
correct
answer-A
method
of
dealing
with
risk
by
deliberately
keeping
away
from
it
(e.g.
if
a
person
wanted
to
avoid
the
risk
of
being
killed
in
an
airplane
crash,
he/she
might
choose
never
to
fly
in
a
plane).
Back-End
Load
-
correct
answer-a
fee
charged
at
the
time
of
a
sale,
transfer
or
withdrawal
from
an
annuity
or
a
life
insurance
policy.
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