XCEL Chapter 16

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Kathy pays a monthly premium on her health insurance policy. How long is her grace period? A. 10 days B. 7 days C. 31 days D. 45 days

10 days

An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. A. 10 B. 15 C. 20 D. 25

15

The entire contract includes the actual policy and the A. inspection report B. warranty statements C. provisions D. application

application

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called A. noncancelable B. conditionally renewable C. optionally renewable D. cancelable

cancelable

In contrast to a guaranteed renewable policy, a noncancellable policy? A. may cancel the policy only at renewal B. may raise premiums at policy renewal C. may raise premiums at anytime D. may never raise premiums

may never raise premiums

Richard owns an insurance policy that is renewable only at the option of the insurance company. His policy is considered to be A. cancelable B. guaranteed renewable C. conditionally renewable D. optionally renewable

optionally renewable

When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? A. Relation of earnings to insurance provision B. Change of occupation provision C. Conformity of state statutes provision D. Modified occupation provision

Change of occupation provision

In group health care, what is the purpose of the coordination of benefits provision? A. Determines where an insured goes to receive treatment B. Determines what is paid by the primary and secondary insurers in the event of a claim C. Ensures that a health provider receives the proper benefit amount owed D. Determines which parent's plan covers a dependent child

Determines what is paid by the primary and secondary insurers in the event of a claim

Which of the following is NOT a common exclusion for a medical expense policy? A. Physical therapy B. Act of war C. On-the-job injury D. Self inflicted injury

Physical therapy

All of the following are functions of an insuring clause EXCEPT? A. States the conditions under which the policy will pay B. Outlines the kind of benefits provided C. Primarily describes the free-look period D. Provides the policy's scope and limits of coverage

Primarily describes the free-look period


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