Dread disease policy - Study guides, Class notes & Summaries

ExamFX Guarantee Exam which of the following would NOT be considered limited coverage policy? a. accident-only insurance b. travel policy c. major medical expense insurance d. special risk policy - c. major medical exoense insurance limited policies cover only expense incurred from specific diseases, or specific causes which of the following is NOT mandatory under the uniform provision law as applied to accident and health policies? a. physical examination and autopsy b. entire c...

California Life, Accident, and Health Licensing Exam Questions and Answers 100% Pass Co-insurance - Correct Answer ️️ -The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio - Correct Answer ️️ -The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - Correct Answer ️️ -When a disability income policy provides coverage for injuries wh...

The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds. - Answer-All of the following statements about noncancellable polices are true EXCEPT A factory worker fractures an elbow while working overtime. - Answer-Which of the following qualifies as a compensable injury under Workers Compensation coverage? Information and Privacy Protection Act - Answer-Which of the following represents certain consumer safeguards enacted by states a...

Florida Laws and Rules Pertinent to Insurance CH. 8 Which of the following is NOT required in the Outline of Coverage for a health insurance policy? Explanation of the policy's benefits Listing of the policy's exclusions and limitations Projection of the policy's future costs Explanation of the policy's renewal and cancellation provisions costs Projection of the policy's future A person insured under a health policy is required to give the insurance company a Notice of C...

30 day free look in health insurance - CORRECT ANSWER—dread disease -Medicare supplement -long term care -any kind of insurance through direct response sales A 68 year old man had a heart attack on January 1st. Three months later he purchased an individual health insurance policy. On December 1st of that year he has another heart attack. Which type of policy would he have had to purchase for it to cover the December heart attack? - CORRECT ANSWER-Medicare supplement A common "benefit tri...

Life, Accident and Health Pearson Final Exams - Exam 5 with Complete Solutions(RATED A+). Which of the following health insurance policy provisions allows an insurer to deny a claim that does not occur during the policy period? AReinstatement provision BInsuring clause COwnership provision DConsideration clause - ANSWER-B insuring clause The insuring clause specifies the time frame of the policy period which is generally one year. Therefore, accidents or illnesses occurring prior t...

Co-insurance - The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio - The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - When a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaning - They only cover the insured if they become disabled while a...

Kentucky Life & Health Complete Guide A complaint was lodged against a producer. The producer began explaining whole life insurance, then swayed the client to a term policy, without explaining the difference, and offered the client a cell phone if she bought insurance. Which would NOT pertain? Commissioner can subpoena client & producer to hearing. Producer may be liable for a penalty up to $5,000 for the first offense & $10,000 for each subsequent offense. Commissioner may revoke ...

Ohio Health Insurance Exam Latest Updated 2024 Q&A ACCIDENTAL AND HEALTH INSURANCE BASICS STARTS: 15% - CORRECT ANSWER-... Two major perils under a health insurance policy: - CORRECT ANSWER-Policies may cover both accident and sickness or accident only. Accidental bodily injury: - CORRECT ANSWER-An unforeseen and unintended injury that resulted from an accident rather than a sickness. Sickness: - CORRECT ANSWER-Normally defined as an illness, which first manifests itself while the ...

1 OHIO LIFE AND HEALTH STATE EXAM SIMULATOR REVIEW QUESTIONS AND ANSWERS, VERIFIED/ What type of policy would only provide coverage for specific type of illnesses? - -Dread disease insurance Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated for tax purposes? - -taxable income And insurance company needs to obtain personal information from a third-party concerning an applicant. Which law do you all ensures in ther...