Not On State Exam (Life and Health Insurance)

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How much of the premium is paid by employees participating in a non-contributory plan?

Negligence

Liability is usually determined by proving

Moral Hazard

Living behaviors that ten to put an individual at greater risk of injury

Dividends

May allow for a vanishing premium in life insurance policies

Coinsurance

Money that an individual pays for health care services after a deductible has been paid is called ___________.

Builder's risk disability

The following are all types of disability income insurance EXCEPT: 1. Key person 2. Builder's risk disability 3. Business overhead 4. Disability buyout

A group of retired individuals who need to find a solution for group insurance coverage

This group does NOT qualify to receive a group life insurance policy

Reinstatement provision

determines the process for reactivating coverage once a policy has lapsed

At the time of the purchase of the policy

in life insurance, when must insurable interest exist

Insurable interst

to purchase insurance, the policyowner must face the possibility of a financial loss or the loss of something else. This is called ____________.

63 days

to qualify as an eligible insured under HIPPA, a person must NOT have had a gap in coverage lasting more than how many days?