Alabama insurance - Study guides, Class notes & Summaries

Bart is injured and provides notice of a health claim to his insurer. He later receives the required claims forms. Within how many days of the loss must Bart file proof of loss with the insurance company? correct answers 90 Which welfare program provides assistance to the needy? correct answers medicaid Who is considered the individual that retains all rights, values, and options of an insurance policy? correct answers the policy owner Long Term Care policies normally provide benefits f...

ALABAMA INSURANCE TEST Questions and Answers Latest 2024/2025 | 100% Correct. Which welfare program provides assistance to the needy? - correct answersMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - correct answersrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - correct answers30 Which type of term policy allows the policyowner to s...

Binders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy has not been issued within 90 days, can a Binder be extended or renewed? - Yes. If a policy has not been issued within 90 days, a Binder may be extended or renewed with the approval of the Commissione...

Alabama Insurance EXAM Prep CH15 Questions and Answers

ALABAMA INSURANCE TEST ALREADY GRADED Which welfare program provides assistance to the needy? ️Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): ️revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? ️30 Which type of term policy allows the policyowner to switch to permanent insurance? ️Convertible term What does renewable t...

Cease and desist correct answers to stop or discontinue Coercion correct answers the practice of persuading someone to do something by using force or threats Commission correct answers payment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Commisioner correct answers the head of the state department of insurance Disclosure correct answers revealed information to help someone make an intelligent and educated decision Exempt c...

Which welfare program provides assistance to the needy? - Answer-Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - Answer-revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - Answer-30 Which type of term policy allows the policyowner to switch to permanent insurance? - AnswerConvertible term What does renewable term guarantee? - Answer-Th...

Alabama Insurance Adjuster Exam Questions And Answers @ 2024...

Which welfare program provides assistance to the needy? - Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - 30 Which type of term policy allows the policyowner to switch to permanent insurance? - Convertible term What does renewable term guarantee? - The insured's insurability ...

2024 ALABAMA INSURANCE TEST