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Life, Accident and Health Pearson Final Exams - exam 5 $8.00   Add to cart

Exam (elaborations)

Life, Accident and Health Pearson Final Exams - exam 5

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Life, Accident and Health Pearson Final Exams - exam 5

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  • October 19, 2024
  • 171
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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210 Multiple choice questions

Term 1 of 210
Moral Hazard

contract between the employer and the insurer

health of the individual members

arise more from an outlook on life

lifestyle of the insured person

Term 2 of 210
how long before a suicide is covered by a life insurance

6 months

30 days

3 years

2 years

Term 3 of 210
there is no ___________ period on a cobra plan?

RENEWAL


WAITING

GRACE


CANCELLATION

,Term 4 of 210
physical hazard

arise from the inherent characteristic of the exposure unit


are caused by external factors unrelated to the unit

are based solely on the actions of the insured


are only related to the financial aspects of insurance

Term 5 of 210
Three types of hazard

moral, morale, purposeful

exposures, loss, reduction

physical, moral, morale


reduction, avoidance, risk

Term 6 of 210
how long is the affiliation period?

60 days

90 days


180 days

30 days

Term 7 of 210
Captive agents represent who?

one company


one person

the bank

30 days

,Term 8 of 210
Commingling

insurers must pay dues into this association must notify the DOI of insolvency within 30
days


the next day

stock holders and most common

agent who mixes client funds with his own funds is guilty of

Term 9 of 210
how often can group health coverage rates be increased?

every 6 months

every 2 years

every 30 months

every 3 years

Term 10 of 210
What are two ways agents are classified?

express,implied, and apparent


captive or independent

individual

legal purpose insurable interest

Term 11 of 210
Capital Stock companies are owned by

health of the individual members

mortality, interest expenses

application and premium

stock holders and most common

, Term 12 of 210
what is the grace period for premiums paid monthly

30 days


10 days

31 days

20 days

Term 13 of 210
What are insurers classified as in their own state?

Domestic

Alien

Authorized

Foreign

Term 14 of 210
exposure unit

mortality, interest expenses

only insure themselves

application and premium

subject to loss

Term 15 of 210
Prescription drug coverage

covers only inpatient medications during hospital stays

is limited to generic drugs without any copayment

excludes all over-the-counter medications

is often provided for outpatient prescriptions with a copayment for each drug

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