Colorado health insurance Study guides, Class notes & Summaries

Mandatory Uniform Provisions - Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform - Includes the policy and provisions, c a copy of the application and any riders, waivers, or endorsements Time Limit on Certain Defenses-Mandatory Uniform - No statement or misstatement may be contested after 2 years, no time...

Colorado Health Insurance Exam-with 100% verified solutions-2023-2024

Agent - correct answer Agents are the agents of the insurer Producer - correct answer Usually includes agents and brokers Applicant or proposed insured - correct answer A person applying for insurance Consent - correct answer permission to do something Insurable Interest - correct answer The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - correct answer a contract between a policyowner (and/or insured) and an ins...

Colorado Health Insurance Law exam questions and answers

Agent - Answer-Agents are the agents of the insurer Producer - Answer-Usually includes agents and brokers Applicant or proposed insured - Answer-A person applying for insurance Consent - Answer-permission to do something Insurable Interest - Answer-The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - Answer-a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured o...

Colorado Health Insurance Exam Questions with correct Answers Mandatory Uniform Provisions Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform Includes the policy and provisions, c a copy of the application and any riders, waivers, or endorsements Time Limit on Certain Defenses-Mandatory Uniform No statem...

Colorado Health Insurance Exam-with 100% verified solutions-2023-2024

Colorado Health Insurance Exam- Revision with 100% Correct Answers Insurable Interest - Answer-The policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - Answer-a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events Insured - Answer-Person covered by the insurance policy, may or may not be the policy holder. Insurer (...