Long term care policies
How many consecutive months of coverage must LTC insurance provide in this state?
12 months
What is the required free-look period in long-term care policies issued in this state?
30 days
The long-term care insurance outline of coverage includes all the following except
Advertising material
All of the following are covered by a long-term care policy except
Alcoholism
Every insurer providing long-term care insurance in North Carolina is required to issue a Shopper's Guide
Before the sale
Long-term care policies must be issued as
Guaranteed renewable
Which of the following provisions states that a company cannot cancel or nonrenew coverage because of a person's health or age, but that premiums can be increased?
Guaranteed renewable
Long-term care is care provided in all of the following facilities except
Hospital
Which of the following is true regarding a Suitability Personal Worksheet for long-term care insurance?
It must be submitted with an application for LTC insurance
In a long-term care policy, which of the following terms can only be used when the insurer does not have the right to change the premium?
Level premium
Any contract of insurance offering institutional and noninstitutional support to restore deteriorating health and to maintain functional independence is
Long-term care insurance
All of the following are provisions of a tax qualified long-term care policy except
Medical necessity can be used as a trigger for benefits
An optional long-term care insurance benefit that provides a reduced paid-up benefit amount is the
Nonforfeiture benefit
A long-term care policy may exclude coverage for
Pre-existing conditions
Round the clock care, supervised by a registered nurse or licensed practical nurse, prescribed by a doctor is a definition of
Skilled nursing care
Reasons to purchase a long-term care policy include
To make sure the insured can choose the type of care they get
According to the definition of activities of daily living, moving into or out of a bed, chair or wheelchair is called
Transferring
Knowingly making any misleading representation or incomplete or fraudulent comparisons of any insurance policies for the purpose of inducing an insured to surrender, terminate or convert an insurance policy or to take out a policy of insurance with another insurer, is an unfair practice known as
Twisting