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Where are premiums for fixed annuities invested

A general account if fix annuity is characterized by a general account into which purchase payments premiums are invested

Catastrophic plans

Catastrophic plans usually have high high deductibles and lower monthly premiums

How is the insurance guaranty Association founded

Guarantee association is founded by its members are authorized insurers are required to contribute to a fund two provide for the payment of claims for insolvent shirts

Which of the following is not mandatory under the uniform provisions law as applied to an accident and health policy's

Change of occupation is an optional provisions

And employee that becomes in eligible for a group coverage because of termination of employment or change in status must exercise extension of benefits under COBRA

The terminated employee must exercise extension of benefits under COBRA within 60 days of separation from employment

And insured has a heart attack while jogging but is expected to return to work in approximately six weeks. The insured's disability income policy will

Replace a percentage of his lost income disability income insurance covers income only not medical expenses

Which of the following provisions gives an employee the right to exchange group insurance for an individual policy within a certain number of days from termination of employment

Conversion provision State law requires that an insured under a group insurance plan be given at least 31 days to convert group coverage to an individual coverage without proof of insurability

An insurer must notify the consumer in writing that and investigative consumer report has been requested within how many days of the initial request

If A consumer report is requested the insurer must notify the consumer at least three days following the initial request

What is intermediate care

Intermediate care is in his occasional nursing in real rehabilitative care of that is ordered by physician and provided by skilled medical Fessional for such things as changing the bandage or administration make medications

Your elderly client wants to provide a retirement income for his elderly parents in case something happens to him he wants to make sure that both beneficiaries are guaranteed an income for life which settlement option should this policy under select

Joint and survivor

To what type of insurance policies does the policyholders protection act apply

Life insurance and annuity policy holders protection act applies to life insurance and annuity annuity policies that cover residents of the state

And employer is no longer able to afford the group health insurance plan and the plan terminates however one of the employees continues to receive coverage under the plan which of the following explains the reason for the continued coverage

Most plans provide for reasonable coverage extension beyond plan termination for totally disabled employees

Cache Valley guarantees and a whole life policy are called

Nonforfeiture values

Reciprocity

Reciprocity occurs when the state in which the person resides accords the same privilege to residence of Oklahoma

Our health insurance policies in force material to a life insurance contract

The information about the applicants health insurance policies is not material to life insurance contract

Which of the following is the primary source of information that and ensure uses to evaluate an insureds risk for life insurance

The insurance application is the data gathering tool utilized in evaluating and individual risk

The provision that sets forth the basic agreement between the insured and the insured and states the insurers promised to pay the death benefit upon the insured's death is called

The insuring clause states the insurers promise to pay the death benefit upon the insurance death and sets forth the basic agreement between insure on the insurance

A whole life policy is surrendered for a reduced paid up policy the cash value in the new policy will

The new policy continues to build its own cash value and will remain in force until the insured's death or maturity

Are there limitations on the number of teeth that can be treated and one given year

There is no limitation on the number of teeth that maybe treated in a given year but other than Tatian's exist

The replacing insurer must send a written notification to the home office of the replaced and sure within how many days of the application

They're replacing insurer must and written notification to the home office of the replaced and insurer within five days of application

Common disaster clause

According to the common disaster clause if it cannot be determined who died first the insured or the primary beneficiary it will be assumed the primary beneficiary died first so the proceeds go to the contingent beneficiary proceeds will go to the insured the estate only if there's no contingent beneficiary

Applicants who may require a larger death benefit in the future should buy convertible term policy insurance

Convertible term converts a cashValue policy with the same death benefit but at a higher premium

A husband and wife both incur expenses that are attributed to a single major medical insurance deductible which type of deductible do they have in their policy

Family

Refusing to pay claims without conducting a reasonable investigation upon based all available information is it example of

Refusing to pay claims without conducting a reasonable investigation based upon all available information is in unfair claims practice

Which of the following should not be stated on the notice when replacement is occurring

Suicide clause is not begin anew Because incontestability and suicide clause is both begin a new

A major medical expense policy would exclude coverage for all of the following treatments except

Treatment for drug and alcohol addiction is provided on a limited basis

What is it called when a doctor excepts the Medicare approved amount

Assignment

What is the fixed amount option

He fixed them out option pays the next specific amount installments until the proceeds principal and interest are exhausted the recipient selects a specified dollar amount to be paid until it's gone if the beneficiary dies before the proceeds are exhausted installments will continue to be paid to a contingent beneficiary until all the proceeds of been paid out

Notice of claim vision mandates that a written notice of claim must be submitted to the insurance within what time parameter

Within 20 days

Which entity has the option of including optional provisions in the health insurance policy

Ensure has the option of including optional provisions in the health insurance policy

What is the premium of survivorship life based on

Survivorship life or second to die policy is much the same as joint life in that it ensures two or more lives her opinion is based on the joint age

Are waivers of cost of insurance rider is included in whole life policies

The waiver of cost insurance rider is found in universal life policy is not in whole life policies

According to the life insurance replacement regulations which of the following would be an example of policy replacement

A policy reissued with a reduction in cash value

And individual covered under good dental expense plant needs average are done bridgework is covered as

Prosthodontics is bridgework periodontics is gum treatment endodontics covers root canals orthodontics covers braces

Health insurance policy provisions

All health insurance policies are required to contain uniform mandatory provisions which are specific provisions that are required to be in every health insurance contract ensure it may add provisions they're not in conflict with uniform provisions provided the provision is approved by the state in which the policy is delivered these additional provisions are not catalog


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