Chapter 7: Health Insurance Underwriting
which of the following correctly explains the actions an agent should take if a customer wants insurance
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P is self-employed and owns an Individual Disability Income policy. He becomes totally disabled on June 1 and receives $2,000 a month for the next 10 months. How much of this income is subject to federal income tax?
0$
which of the following are NOT managed care organiztions
MIB
Information obtained from a phone conversation to the proposed insured can be found in which of these reports?
inspection
which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for disability income
issue the policy with an altered time of payment claims
which type of plan normally includes hospice benefits
managed care plans
A prepaid application for individual disability income was recently submitted to an insurer. When the insurer received the Medical Info Beaur , the report shows that the application had suffered a stroke 18 months ago, something that ws not disclosed on the application. which of following actions would the insurance company NOT take
Send a notice the MIB that the applicant was denied
Which mode of payment is NOT used by health insurance policies?
single premium
which of the following statements about the classification of applicants is incorrect
substandard applicants are never declined by udnerwriters
which the following best describes how pre admission certificate is used
usd to prevent non essential medical costs
Prehopiitalization authorization is condersidered an example of
Managed care
T is receiving $3,000/month from a Disability Income policy in which T's employer had paid the premiums. How are the $3,000 benefit payments taxable?
benefits are taxable to T
An agent takes an individual Disability Income application, collects the appropriate premium, and issues the prospective insured a conditional receipt. The next step the insurance company will take is to
determine if the applicant is an acceptable risk by completing standard underwriting procedures
Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance company. What action should J take?
return to customer and collect new check