Unearned premiums are - Study guides, Class notes & Summaries

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

industrial life insurance is also referred to as correct answersdebt policy Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in all of the following circumstances, except: correct answersmisstatement of age on the application Insurable interest for life insurance is necessary only at the time of: correct answersapplication Which of the following types of policies would a sports team purchase to obtain coverage for a season? correct answersbla...

Twisting - ANSWER Misrepresenting for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. Unfair Discrimination - ANSWER Permitting individuals of the same class and equal life expectancy to be charged different rates for life insurance or annuities. Boycott, Coercion, Intimidation - ANSWER Entering into action resulting in an unreasonable restraint of, or monopoly in, the business of insurance. False Financial ...

Life and Health License Exam Questions and Answers 100% Pass Only one party makes a legally enforceable promise - Correct Answer ️️ -What is meant by referring to an insurance policy as a unilateral contract? At all times - Correct Answer ️️ -When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? a loss exposure - Correct Answer ️️ -Any situation that presents the possibility of a loss is known as Personal judgment - Corre...

Hawaii Insurance exam Questions and Answers 100% Pass The Insurance Commissioner must examine an insurer at least once every? - Correct Answer ️️ -5 years How many days in advance must a notice of a hearing on unfair trade practices be sent? - Correct Answer ️️ -15 days The fine PER violation for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance is: - Correct Answer ️️ -$1,000 The fine PER violation for KNOWINGLY committing an unfair or deceptive ...

Health care accounts and Dependent care accounts Answer- What are the 2 types of Flexible Spending Accounts? Cash value is guaranteed Answer- Concerning a Whole Life Policy, which of the following statements is correct? Unearned premiums are retained by the insurance company Answer- According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT Assets Answer- In a replacement situat...

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 An insured misstated her age on an application for an individual health insurance policy. The insurance company found the mistake after the contestable period had expired. The insurance company will ...

NEVADA LIFE, ACCIDENT, HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS Health care accounts and Dependent care accounts - correct answer What are the 2 types of Flexible Spending Accounts? Cash value is guaranteed - correct answer Concerning a Whole Life Policy, which of the following statements is correct? Unearned premiums are retained by the insurance company - correct answer According to the rights of renewability rider for cancellable policies, all of the following are corre...

CAIB 1 - CHAPTER 1-4 Exam Study Guide With Verified Solutions. Provide 1 reason why persons should not rely on control of risk as a total solution in eliminating financial loss - answer-Equipment will not work 100% of the time -certain types of losses such as wind, hail and lightning cannot be effectively controlled People can choose to deal with risk in a variety of ways identify four possible options and provide a brief explanation of each - answerAvoid the risk - rent rather than buy C...