Nc accident and health - Study guides, Class notes & Summaries

NC ACCIDENT AND HEALTH EXAM, QUESTIONS WITH ANSWERS.

Insurance - a plan of spreading the risk of possible loss over a large number of people Representation - information believed to be true to the best of one's knowledge Agents - Representatives of the INSURER - represents single insurer Brokers - Representatives of the INSURED - represents multiple firms Unilateral Contract - Type of contract that is an exchange of an act for a promise - i.e. - the INSURED may discontinue coverage at any time and the INSURER can not enforce the conti...

NC Accident and Health Final Exam Prep

Which of these statements concerning an individual Disability Income policy is TRUE? - ANSWER-Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - ANSWER-Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - ANSWER-Determined by the terms of...

NC Accident and Health or Sickness Exam Prep (Group 4)

NC Accident and Health or Sickness Exam Prep (Group 5)

NC Accident and Health or Sickness Exam Prep (Group 2)

NC Accident and Health or Sickness Exam Prep

NC Accident and Health or Sickness Exam Prep (Group 3)

Beatrice is a member of the Supreme Lodge fraternal benefit society. What must Beatrice do before she can sell insurance on its behalf? correct answerscomply with the same general licensing requirements that apply to resident agents An agent's apparent authority is defined by: correct answersthe customer's perceptions Emily solicits policies and accepts premiums from the public but is not licensed as an agent. She then turns over the applications and premiums to her husband, who is licen...