Exam (elaborations)
MISSISSIPPI LIFE AND HEALTH INSURANCE TEST 2 QUESTIONS AND ANSWERS
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MISSISSIPPI LIFE AND HEALTH INSURANCE TEST 2 QUESTIONS AND ANSWERS
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1-81 of 81which of the following life insurance policies combine term insurance with an
investment element?
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Universal Life
A business overhead expense policy :
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covers business expenses such as rent and utilities
Which of the following actions require a policy owner to provide proof of insurability
in an Adjustable Life Policy?
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increase face amount
Which of the following is considered to be the time period after the Health Policy is
issued, during which no benefits are provided for illness?
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Probationary Period
K has a health policy that must be renewed by the insurer and the premiums can only
be increased if applied to the entire class of insureds. This type of policy is considered
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guaranteed renewable
, At what time must a policyowner have insurable interest on the insured in order for
the life policy to be valid?
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At the time of application.
The policy provision that entitles the insurer to establish conditions the insured must
meet while a claim is pending is:
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Time Limit of Certain Defenses
A major medical policy typically contains a provision that requires the insurer to pay
only part of the loss, when the balance is paid by the insured. This provision is called :
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Coinsurance
When an employee is required to pay a portion of the premium for an
employer/employee group health plan, the employee is covered under which of the
following plans?
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