XCEL Chapter 16
Kathy pays a monthly premium on her health insurance policy. How long is her grace period? A. 10 days B. 7 days C. 31 days D. 45 days
10 days
An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. A. 10 B. 15 C. 20 D. 25
15
The entire contract includes the actual policy and the A. inspection report B. warranty statements C. provisions D. application
application
The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called A. noncancelable B. conditionally renewable C. optionally renewable D. cancelable
cancelable
In contrast to a guaranteed renewable policy, a noncancellable policy? A. may cancel the policy only at renewal B. may raise premiums at policy renewal C. may raise premiums at anytime D. may never raise premiums
may never raise premiums
Richard owns an insurance policy that is renewable only at the option of the insurance company. His policy is considered to be A. cancelable B. guaranteed renewable C. conditionally renewable D. optionally renewable
optionally renewable
When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? A. Relation of earnings to insurance provision B. Change of occupation provision C. Conformity of state statutes provision D. Modified occupation provision
Change of occupation provision
In group health care, what is the purpose of the coordination of benefits provision? A. Determines where an insured goes to receive treatment B. Determines what is paid by the primary and secondary insurers in the event of a claim C. Ensures that a health provider receives the proper benefit amount owed D. Determines which parent's plan covers a dependent child
Determines what is paid by the primary and secondary insurers in the event of a claim
Which of the following is NOT a common exclusion for a medical expense policy? A. Physical therapy B. Act of war C. On-the-job injury D. Self inflicted injury
Physical therapy
All of the following are functions of an insuring clause EXCEPT? A. States the conditions under which the policy will pay B. Outlines the kind of benefits provided C. Primarily describes the free-look period D. Provides the policy's scope and limits of coverage
Primarily describes the free-look period