Missouri health insurance - Study guides, Class notes & Summaries

Life and Health Insurance Exam (Missouri) 101 Questions with Verified Answers

Missouri Life and Health InsuranceInsurance transaction includes: - correct answer By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - correct answer -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - correct answer - Applicant When does acceptance take place - correct answer -...

MISSOURI LIFE AND HEALTH INSURANCE

Missouri Life and Health Insurance Final Exam

Missouri Life and Health Insurance Final Exam | 235 Questions with 100% Correct Answers | Verified | Latest Update 2024

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 LAWS & RULES EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS A health insurance policy application may ONLY be altered with the written consent of the - Precise Answer Applicant All of these statements concerning a licensee's responsibility for premiums received are true EXCEPT - Precise Answer The licensee shall hold them in a fiduciary capacity before transmitting them to the insurance company In order to terminate a producer's appointment, the insurer MUST - Precise Answer S...

Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud - ANS - Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal premium within the time granted by the insurer. K then sends in a payment which the...

Missouri Life and Health Insurance State Exam Questions and Answers 100% Solved The accelerated death benefit provision in a life insurance policy is also known as a(n):️️Living benefit. Under an individual health insurance policy, the time limit of certain defenses provision states that nonfraudulent misstatements first become incontestable two years:️️from the date that the policy was issued. ______ can be defined as "making an unfair comparison of two insurance policie...

Life And Health Insurance Exam (Missouri) – Qs And As