An insured who suffered a Study guides, Class notes & Summaries

ARKANSAS HEALTH INSURANCE EXAM WITH 100% CORRECT ANSWERS 2024. In order for a contract to be valid, it must: Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? Age 65 A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the: Reinsurer A common exclusion with vision plans is: Lasik Surgery What are applicants statements concerning occupation, hobbies and personal h...

Accident and Health Insurance Exam Questions and Answers 100% Pass H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value C: relation of earning to insurance The insured should be aware of the issue date upon delive...

Accident and Health Insurance Exam Questions and Answers (230Questions) Latest 2024. H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - C: relation of earning to insurance The insured should be aware of ...

Claims Adjuster Exam 2024 Questions And Correct Solution Update |guaranteed success| A claim in the property/casualty industry is defined as: - ANS - An assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation fro injuries or damages. What are you really buying when you purchase insurance: - ANS - Peace of mind. Why is insurance such a unique product: - ANS - Its a financial produc...

In order for a contract to be valid, it must: - CORRECT ANSWER-Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? - CORRECT ANSWER-Age 65 A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the: - CORRECT ANSWER-Reinsurer A common exclusion with vision plans is: - CORRECT ANSWER-Lasik Surgery What are applicants statements concerning occupation, hobbies and persona...

Arizona Health Insurance Exam Questions and Answers 100% Pass Insurance a contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In ___________ insurance, the policy protects survivors from losses suffered after the insured's death Life Insurance __________ the risk of loss from an individual or business to an insurance company Transfers Risk the uncertainty or chance of a loss occurring ...

ARKANSAS HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS In order for a contract to be valid, it must: - ANS Contain an offer & acceptance When does a nondisabled person first qualify for a Medicare Supplement Policy? - ANS Age 65 A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called the: - ANS Reinsurer A common exclusion with vision plans is: - ANS Lasik Surgery What are applicants' statements concerning occ...

Practice Exam for Wisconsin Accident and Health Insurance Actual Questions and Answers 2024 H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - CORRECT ANSWER-C: relation of earning to insurance The...

Insurance a contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In ___________ insurance, the policy protects survivors from losses suffered after the insured's death Life Insurance __________ the risk of loss from an individual or business to an insurance company Transfers Risk the uncertainty or chance of a loss occurring Pure Risk situations that can only result in a loss or no ...