ExamFX Chapter 3 Policy, Provisions, Clauses, and Riders

An insurance agent proposed an individual health insurance policy that is guaranteed renewable if the applicant accepts this policy the insurer agrees that..

The company will continue to renew the policy until the insured has reached age 65.

Under a health insurance policy, benefits, other than death benefits, that have not other wise been assigned , will be paid to

The insured.

Which of the following is NOT a feature of guaranteed renewable provisions?

The insurer can increase the policy premium on an individual basis.

Which of the following statements are true about coinsurance?

The larger the percentage that is paid by the insured, the lower the premium.

Under the physical exam and autopsy provision, how many times can the insurer have the insured examined at its own expense, while a claim is pending?

Unlimited.

How soon following the occurrence of a covered loss must an insured submit a written proof of such loss to the insurance company?

within 90 days or ASAP, but not to exceed one year.

Items stipulated in the contract that the insurer will not provide coverage are found in the

Exclusions

Which of the following riders would NOT increase the premium for a policy owner?

Impairment rider.

A guaranteed renewable disability insurance policy..

Is renewable at the insureds option to a specified age.