Texas Life and Health: Field underwriting procedures Questions and Answers
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Course
Texas life and health
Institution
Texas Life And Health
If an applicant does not received a new insurance policy, who would be held responsible? -ANSWER- The Agent
Which of the following is true about the requirements regarding HIV exams? -ANSWER- The applicant must give prior informed written consent
Who must pay for the cost of medical examinati...
Texas Life and Health: Field underwriting
procedures Questions and Answers
Which is true regarding obtaining underwriting sources? -ANSWER- The applicant must
be informed of the sources contacted and how the information is being gathered
If an applicant does not received a new insurance policy, who would be held
responsible? -ANSWER- The Agent
Which of the following is true about the requirements regarding HIV exams? -ANSWER-
The applicant must give prior informed written consent
Who must pay for the cost of medical examination required in the process of
underwriting? -ANSWER- Insurer
Underwriting is a major consideration when an insured wishes to replace her current
policy for all of the following reasons EXCEPT -ANSWER- Premiums always stay the
same
What is the term used for an applicant's written request to an insurer for the company to
issue a contract, based on the information provided? -ANSWER- Application
An agent makes a mistake on the application and then corrects his mistake by
physically entering the necessary information. Who must then intial that change? -
ANSWER- Applicant
To comply with Fair Credit Reporting Act, when must a poducer notify an applicant that
a credit report may be requested? -ANSWER- At the time of application
An agent is ready to deliver a policy to an applicant but has not yet received payment.
Upon delivery, the agent collects the applicant's premium check, answers any questions
the applicant may have, and then leaves. What did he forget to do? -ANSWER- Ask her
to sign a statement of good health - if the premium is not collected until the policy is
delivered, the agent must receive a statement of good health, which acknowledges that
the insured's health status has not changed since the policy was approved.
in a replacement situation, all of the following must be considered EXCEPT -ANSWER-
Assets
under the Privacy Rule for HIPAA, protected information includes all individually
identifiable health information -ANSWER- held or transmitted in any form
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