Health Insurance ch 1
All students attending a large university could be covered by
a blanket policy
J has an Accidental Death and Dismemberment policy with a principal sum of $50,000. While trimming the hedges, J cuts off one of his fingers. What is the MAXIMUM J will receive from his policy?
$25,000
What is issued to each employee of an employer health plan?
Certificate
Which of the following statements BEST describes how a policy that uses the "accidental bodily injury" definition of an accident differs from one that uses the "accidental means" definition?
Less restrictive
Which of the following characteristics are associated with a large group disability income policy?
No medical underwriting
To obtain group Major Medical insurance from an employer, a new employee MUST perform which of the following actions during the open enrollment period?
Sign an enrollment card
Which statement is TRUE regarding a group accident & health policy issued to an employer?
The employer is the policyowner and each employee receives a certificate of coverage
A Business Overhead Expense policy
covers business expenses such as rent and utilities
An accident policy will most likely pay a benefit for a(n)
off-the-job accident
The Coordination of Benefits provision
prevents an insured covered by two health plans from making a profit on a covered loss