Missouri life and health - Study guides, Class notes & Summaries

Missouri Life and Health Exam-with 100% verified solutions 2024

MISSOURI LIFE AND HEALTH INSURANCE EXAM 2024 WITH NGN QUESTIONS AND ANSWERS (VERIFIED FULL EXAM) A+ GRADE

The accelerated death benefit provision in a life insurance policy is also known as a(n): - ANSWER Living benefit. Under an individual health insurance policy, the time limit of certain defenses provision states that nonfraudulent misstatements first become incontestable two years: - ANSWER from the date that the policy was issued. ______ can be defined as "making an unfair comparison of two insurance policies". - ANSWER Misrepresentation. Which entity issues Medicare supplement insur...

Missouri Life and Health Exam Life Insurance Contracts - In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: ️ Insuring clause. - The Consideration clause in a life insurance contract contains what pertinent information? ️ Amount of premium payments and when they are due. Health Insurance Grievance Procedures - Under which circumstance MUST a health insurer have an expedited grievance review procedure? ️ When the enrollee's l...

Missouri Life and Health Exam Questions and Answers 100% Solved In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights ️️insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? ️️when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pert...

Insurance transaction includes: - ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - ANSWER - Applicant When does acceptance take place - ANSWER - An insurers underwriter approves the application and issues a pol...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWERwhen the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - ANSWERamount of premium payments and wh...

Missouri Life and Health Exam Questions and Answers 2024

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWER insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWER when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - ANSWER amount of premium payments and...

Missouri Life and Health Insurance Final Exam