Unit 14

Accidents immediately and sickness after 10 days

A reinstated policy will cover

Change of beneficiary

All fo the following are optional health insurance provisions except

After 45 days

Mike allows his policy to lapse, then applies for reinstatement using the company's required application. The company does not inform Mike either that the policy has been accepted or that the policy is being rejected. At what point can Mike consider the policy reinstated?

A consideration

The exchange of something of value is known as

The proportionate amount of the unearned premium

A pro rata return is one in which the insurer returns

The premium payment

According to the entire contract provision, the entire contract includes all of the following except

Renewability

All of the following are mandatory health insurance provisions except

90

Generally, written proofs of loss must be furnished within how many days after the loss?

5

How many days notice must the insured be given if an insurer cancels a policy?

Premium payment frequency

The grace period varies according to

Over-insurance

The optional provisions that deal with multiple insurance policies of the same type on a single insured deal with the problem of

Limits will be lowered

When Betty purchased her insurance policy, her age was recorded as 32 when she was actually 34. Assuming her policy includes the misstatement of age provision and the insurance company discovers this 4 years later, Betty's policy

Free look period

Which provision allows new insureds the right to examine a policy for a specified period of time with the option to return it?

The insured's estate

If there is no beneficiary listed on a policy, benefits will be paid to

10 days

Marcus pays his insurance premium monthly and has a grace period of

The state has an applicable law that forbids autopsy

There insurer may generally require an autopsy at its own expense unless