Health insurance basics
The agent is known as the field underwriter because of the information he/she gathers for the insurer this helps the insurer
Aboid adverse selection
Which of the following would not be an underwriting consideration for a health insurance applicant?
Applicants sexual orientation
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
Which is the primary source of information used for insurance underwriting
Application
Untypical health insurance policy claims that result from injuries while the insured was intoxicated or under the influence of drugs are generally
Excluded
In which of the following cases would a credit disability policy be issued
If an individual is in debt to a specific creditor, payments will be made for him/her until the return to work.
What is franchise insurance
It is health coverage for small groups whose numbers are too small to qualify for true group insurance
Which of the following best describes the MIB
It's a nonprofit organization that maintains underwriting information on applicants for life and health insurance.
An applicant who receives a preferred risk classification qualifies for
Lower premiums than a person who receives a standard risk.
All insurance companies admitted to sell life and/or health insurance contracts in Oregon must as a condition to maintain their certificate of authority
Maintain membership in the Oregon Life and Health Insurance Guaranty Association.
How many pairs of glasses in a 12-month period will a vision expense insurance plan cover
One
Which of the following best details the underwriting process for life insurance?
Selection, classification, and rating of risks
When is the insurability conditional receipt given?
When the premium is paid at the time of application
A health insurance plan that covers all accidents and sicknesses that are not specifically excluded from the policy is referred to as a
comprehensive plan
Which of the following is a risk classification used by underwriters for life insurance
standard