Accidental death benefits Study guides, Class notes & Summaries

Insurance (General concept) - ANSWER - transfers the risk of loss from an individual to an insurer - based on the principle of indemnity - based on the principle of risk (risk pooling) insurable interest (General Concept) - ANSWER - must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements - buyer's guide is generic information abo...

EDPNA Exam 2023 Questions with All Correct Answers Social Security Disability Insurance SSDI Citation - ANSWER CFR 20 Section 404 Good Cause for Late Filing (Citations: 404.911, 416.1411) - ANSWER If an appeal deadline is missed, and the claimant wants to appeal, he or she must show "good cause" for late filing. Examples of good cause are described in 404.911: - ANSWER • You were seriously ill and were prevented from contacting us in person, by phone, in writing, or...

Delaware Life Insurance Exam Terms (Questions and Answers) 2024 Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies which allow death benefits to be used to cover nursing home expenses or convalescent home expenses Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death Accidental Death Insurance - CORRECT ANSWER-An insurance ...

A funeral prearrangement life insurance agent must be supervised - Answer- By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Answer- $15,000 A funeral prearrangement life insurance agent license expires when the agent - Answer- Fails to submit a biannual renewal application and fee When an application for an insurance agent license is denied, except...

Accelerated Benefits - Answer- Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. accident - Answer- An unplanned unforeseen event, which occurs suddenly and an unspecific place accident insurance - Answer- A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Answer- Unplanned, unforeseen traumatic injury to the body. Accidental death and dis...

Health Insurance Florida 2-40 Practice Exam 2023 Questions & Correct Answers. Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Correct Answer: Fair Credit Reporting Act (Insurance Information and Privacy Protection Ac...

The 4 basic elements of an employee welfare benefit plan are: 1. there must be a plan, fund or program 2. the plan, fund or program is established or maintained by an ER 3. the plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise 4. benefits are provided to participants and beneficiaries The courts have held that a plan, fund or program under ERISA is established if from the surrounding circumstances,...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident - an unplanned, unforeseen event which occurs suddenly and at unspecified place Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury - unplanned, unforeseen, traumatic injury to the body Accidental Death and Dismemberment (AD&D) - An insurance policy...

2024 Idaho Life Insurance Exam Final Questions and Answers Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - CORRECT ANSWER-An insurance policy that provide...

Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Accelerated Benefits - ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWER-A policy rider that states that ...