Accident and Health Insurance Basics
Which of the following is the most common time for errors and omissions to occur on the part of an insurer
Policy delivery
Which of the following do the Standard and Preferred risk categories share?
Premiums are not elevated
On a health insurance application, a signature from _________ is not required
The spouse of the policy owner.
Which of the following statements regarding conditional receipts is true?
They are temporary insuring agreements
Which of the following is NOT required for a producer to tell a prospect?
What requirements the producer needed to meet to obtain the insurance license.
When is the insurability conditional receipt given?
When the premium is paid at the time of application
A policy which covers medical costs related to a specific condition is called a
Dread Disease Policy
The insured's health policy only pays for medical costs related to accidents. Which of the following types of policies does the insured have?
Accident-only
The first street church plans to sponsor a summer camp for the youth of their congregation. They would like to purchase the insurance that would pay benefits should one of the youth get injured while participating in the camp activities. The type of policy they would likely need is a/an
Blanket
Medicaid is sponsored by what kind of sources?
Both state and federal
Why is it essential for an insurer to document all correspondence with an insured?
Errors and omissions
In a group prescription drug plan, the insured typically pays what amount of the drug cost?
Copayment
If an insurer makes a statement that its policies are guaranteed by the existance of the Life and Health Guaranty Association, which of the following is true?
It would be considered an unfair trade practice
All of the following statements describe a MEWA EXCEPT
MEWAs are groups of at least 3 employers
Under a typical health insurance policy, claims that result from injuries while the insured was intoxicated or under the influence of drugs are generally
excluded
