Type of insurance - Study guides, Class notes & Summaries

ALABAMA INSURANCE TEST QUESTIONS & ANSWERS (100% CORRECT) ALABAMA INSURANCE TEST QUESTIONS & ANSWERS (100% CORRECT) 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 ...

Ohio Property and Casualty Exam Questions & Answers 2023-24 What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...

Primerica Life Insurance Exam Questions and Answers Already Passed An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

Health contracts are prepared by insurers and must be accepted by the insured on an 'as is' basis. This described what aspect of a health insurance contract? - ANSWER Contract of Adhesion If an insurer decides to obtain medical information from different sources in order to determine the insurability of an applicant, who must be notified of the investigation? - ANSWER The applicant. What are the two types of expenses that are covered by health insurance? - ANSWER Expenses related to heal...

South Carolina Insurance Exam Questions and Answers Already Passed An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered Nonconcellable What is the required action to be taken by a...

This document contains workings, explanations and solutions to the IOP4861 Assignment 6 (QUALITY ANSWERS) 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4... Questions 1 to 5 are based on scenario A: (15marks) Scenario A: Expert Bank is an insurance company and a financial credit provider. Every three years, Expert Bank selects 10 people for their graduate program. These prospective graduates are selected, based on their ability to learn new material quickly and efficiently. Specifi...

Midterm Exam: NR605 / NR 605 (Latest Update 2024 / 2025) Diagnosis & Management in Psychiatric-Mental Health across the Lifespan I Practicum Review | Weeks 1-4 Covered | Questions and Verified Answers | 100% Correct - Chamberlain Q: Treatment Hierarchy Framework Answer: therapeutic aims at the base of the model must be addressed before the client can move up the triangle Top: Stabilization Internal resources External resources Bottom: Foundational needs Q: strategies to support resource developm...

NSG 5002 Final Exam – Advanced Theoretical Perspectives for Nursing-Questions and Answers/NSG 5002 Final Exam – Advanced Theoretical Perspectives for Nursing-Questions and Answers. As patients that entrust our care to another individual, we always expect honesty to avoid leading us down a deceptive pathway in our healthcare decisions. Adherence to which principle compels providers to be truthful What purpose does the principle of fidelity serve in the provider/patient relationship? We all kn...

CPMA Questions with Correct Answers Graded A+ Under CIA, 50 sampling units are reviewed. What is the sample referred as? A. Discovery Sample B. Initial Sample C. Complete Sample D. Selective Sample A. Discovery Sample (used to determine the net financial error rate) Which may result in false claims act violation? A. A provider routinely waives the copay for MCR beneficiaries B. A provider accepts insurance only payments from MCR beneficiaries C. A provider submits claims to MCR for D...

FLORIDA 2-15 INSURANCE LICENSE EXAM ACTUAL UPDATE WITH LATEST ONLINE WRITTEN EXAM QUESTIONS AND ANSWERS NEW UPDATE Accumulation units are converted into annuity units: A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. Robert had an accid...