Field underwriting procedures

what phase begins after a new policy is delivered?

free-look period

under the privacy rule for HIPAA, protected information includes all individually identifiable health information

held or transmitted in any form

what is the best way to change an application?

start over with a fresh application

what is the term used for an applicant's written request to an insurer for the company to issue a contract, based on the information provided?

application

in a replacement situation, all of the following must be considered EXCEPT

assets

to comply with fair credit reporting act, when must a producer notify an applicant that a credit report may be requested?

at the time of application

what document describes an insured's medical history, including diagnoses and treatments?

attending physician's statement

which of the following entities can legally bind coverage?

insurer

who must pay for the cost of a medical examination required in the process of underwriting?

insurer

an applicant for a health insurance policy returns a completed application to her agent, along with a check for the first premium. she receives a conditional receipt two weeks later. which of the following has the insurer done by this point?

neither approved the application nor issued the policy

whose responsibility is it to determine if all of the questions on an application have been answered?

the agent

before a customer's agent delivers his policy, the insurer makes a last-minute change to the policy. the agent informs the customer of this change, and he accepts it. what must the agent do now?

the agent should ask the customer to sign a statement acknowledging that he is aware of the change

an insurer is attempting to determine the insurability of an applicant and decides to obtain medical information from several different sources. which entity must be notified of the investigation?

the applicant

which is true regarding obtaining underwriting sources?

the applicant must be informed of the sources contracted and how the information is being

which of the following is true regarding health insurance underwriting for a person with HIV?

the person may not be declined for medical coverage solely based on HIV status

an agent is in the process of replacing the insured's current health insurance policy with a new one. which of the following would be a proper action?

the policy should stay in force until the new policy is issued