Self insured plans Study guides, Class notes & Summaries

CEBS - GBA 1 - Practice Exam Questions and Answers 100% Pass Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? It is a mathematical process that...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - correct answer The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - correct answer It is a mathematical process that removes anomalies tha...

AHIP - FINAL EXAM | 141 QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ | ALREADY GRADED Insurer vs Insured ANSWER: - insurer is a company that provides plan - insured are the people that buy into the plan Group health insurance ANSWER: Health coverage provided by employers to members of a group. Group health insurance - types of coverage ANSWER: You can choose among several or just one depending on your employer * dental, vision, medical benefits, mana...

Interim Coverage - short-term policies that can be purchased on an interim basis when in between jobs or waiting for a new policy to start how is health insurance calculated? - Interest,expense,types of benefits and morbidity, or the expected incidence of sickness or disability within given age group during the given period of time. Health insurance - broad field of insurance plans that provide protection against the financial consequences of illness, accidents, injury and disability What ...

California Life, Accident, and Health Licensing Exam Questions and Answers 100% Pass Co-insurance - Correct Answer ️️ -The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio - Correct Answer ️️ -The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - Correct Answer ️️ -When a disability income policy provides coverage for injuries wh...

XCEL Exam Solutions A partial surrender is allowed in which of the following life policies? - Universal life All of the following riders can increase the death benefit amount EXCEPT - Waiver of Premium A health insurance policy where the insurer has the right to terminate the policy fr reasons other than the insureds health is called - Conditionally Renewable A proposed insured for a health insurance policy was treated for heart disease within the past year. When applying for heal...

Florida Insurance Exam (2-15) Questions and Answers with Certified Solutions A Supplementary Medical Expense policy combines the benefits of what two types of plans? Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? Benefits are paid directly to the hospital When benefits are paid to a policyowner covered under a Hospital ...

Contributory Health Insurance - Answer-If the employees share a portion of the premium. Often require participation by 75% of eligible members. Noncontributory Health Insurance - Answer-If the employer pays the entire premium. Most require 100% participation by eligible members. (Funding of Group Insurance) Shared funding - Answer-Allows employer to self-fund health care expenses, select a deductible and pay covered expenses for any individual incurring claims up to that max, insurer assum...

If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - the premium to purchase the coverage comes from the policy's cash value Which of the following is not a reason for a business to buy key person life insurance? - an increased pension liability if the key employee di...

RMIN 4000 Edmunds Test 3 Questions and Answers 100% Pass Basic Parts of an Insurance Contract 1. Declarations 2. Definitions 3. Insuring agreement 4. Exclusions 5. Conditions 6. Miscellaneous provisions Declarations statements that provide information about the particular property or activity to be insured definitions statements that provide information about the particular property or activity to be insured Insuring Agreement Summary of the major promises of the insure...