Questions answered wrong
inspection report
An insurer receives a report regarding a potential insured that includes the insured's financial status, hobbies and habits. What type of a report is that?
medicare advantage
Part C offers expanded benefits for a fee through private health insurance programs such as HMOs and PPOs
integrated dental plan
The type of dental plan which is incorporated into a major medical expense plan is a/an..
probationary period
What is the initial period of time specified in a disability income policy that must pass, after a policy is in force, before a loss can be covered? This is to prevent adverse selection
coercion
a banker is ready to close on a customer's loan. The bank is prepared to offer the loan only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of ________
cervical cancer exams
as a preventative service will only be available for women at higher risk.
insuring clause
contains the company's promise to pay
when the applicant pays the initial premium
coverage is effective on the condition that the applicant proves to be insurable either on the date the application was signed or the date of the medical examination, if required
misrepresentation
during a sales presentation a producer intentionally makes a statement which may mislead the insurance applicant. This describes ________
adverse selection
group health insurance is characterized by all of the following except
life income joint and survivor option
guarantees an income for two or more recipients for as long as they live. There is no guarantee that all the life insurance proceeds will be paid out
waived
if a currently-licensed, foreign agent obtained an insurance license before written examinations were required, the written examination will be _______
replacement situation
in a __________ the agent must compare the benefits, limitations, and exclusions found in the current and the proposed _________ policy. Assets do not have to be considered
conditional receipt
it is given by the agent only to applicant who fully prepay all scheduled premiums in advance of policy issue. Only used when the applicant submits a prepaid application
HMOs
most _______ operate through a system of group enrollment either at their place of employment or as a member of an association
90/10
ray has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance would be best for ray
continuation provision
the renewal provision also known as the _________ explains the right of the insurer to alter premium accounts
absolute and collateral
the two types of assignment are _______
within 2 months
upon the submission of a death claim under a life insurance policy, when should the insurer pay the policy benefit
when the application is signed and a check is given to the agent
when is the earliest a policy may go into effect
those who have been insured under the plan for atleast 5 years
which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?
the original age is used for premium determination
What is the advantage of reinstating a policy instead of applying for a new one?
Insurer's executive officer
Which of the following entities has the authority to make changes to an insurance policy?
physical examination and autopsy
Which of the following provisions is mandatory for health insurance policies?