Pre existing condition - Study guides, Class notes & Summaries

AZ Insurance Exam 13-33 (2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following is NOT a valid contract age? Answer: An annuity exchanged for a life insurance policy. Q: Tim is covered by an accident and health insurance policy that may not be changed in any way by the insurer up to a stetted age, as long as the premiums are paid. What type of policy is this? Answer: Noncancelable Q: An insurer will typically assess a bac...

NY state insurance license practice exam questions/answers already passed Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary 3. When not prohibited by state law Which of the following accurately describes the "time limit on certain defenses"? 1. After a stated peri...

Louisiana Life and Health Insurance Questions and Answers 100% Pass All of the following long-term care coverages would allow an insured to receive care at home EXCEPT a. Skilled Care b. Custodial care in insured's house c. Respite care d. Home health care a. What is the purpose of a suicide provision within a life insurance policy? To protect the insurer from persons who purchase life insurance with the intention of committing suicide Which of the following is not true of Disability Buy-...

AZ Insurance Exam #1333 (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: a terminally ill policy owner decides to sell his life insurance policy at a discount to help support his family. this sale is called a(n) Answer: viatical settlement Q: the administrator for a corporate pension plan bought an accumulation annuity contract for its 2,000 employees. all 2,000 employees received certifi- cates of participation. what kind of contract is this? A...

Colorado producers selling health insurance must provide disclosure regarding all of the following types of compensation, except: Contingent compensation What is the primary source of underwriting information for an individual health insurance policy? The application _______ income benefits received by an employee are subject to taxation in proportion to the amount of premium that the employer paid. That income attributable to the employee's premium is not taxable. Disability A q...

Under what circumstance does an accident and health insurer have the right to request an autopsy? 1. When the claim exceeds an amount specified in the policy 2. When 2 days have passed after death 3. When not prohibited by state law 4. When consent is given by the beneficiary - ANSWER-3. When not prohibited by state law Which of the following accurately describes the "time limit on certain defenses"? 1. After a stated period of time, claims cannot be denied due to mater...

Entire Contract Ans- is the provision that states that the producer does NOT have the authority to change the policy or waive any of its provisions Decreasing Term Ans- the automatic load provision can be incorporated into all of these policies except... variable life insurance Ans- insurance policy that has a level premium but allows the policy owner to choose from a selection of investment options pre-existing condition clause Ans- long-term care policy must be waived when a new p...

Xcel Final Exam Questions and Answers Already Passed Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 because this policy has a zero deductible, the i...

S13 standpipe test Questions Complete Solutions Which option best describes a the term: Operational - ANSWER- Water availability An Automatic Standpipe System is - ANSWER- A standpipe system that is attached to a water supply capable of supplying the system demand at all times and that requires no action other than opening a hose valve to provide water at hose connections. Auxiliary water supply - ANSWER- supplementary source of water for a standpipe and/or sprinkler system. Control Va...

Xcel Final Exam Questions and Answers 100% Pass Typically, Long-Term Disability benefits are coordinated with which benefit plan? Social Security The focus of major medical insurance is providing coverage for medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? $200 because this policy has a zero deductible, the insure...