Health Test Final Exam
Insured construction worker Carl has been out of work for 35 days with a broken leg. His monthly bills include $500 rent, $125 car payment, $35 car insurance, $75 minimum credit card payment, and $90 student loan repayment. What will his credit disability policy cover? Select one: a. $290. b. $325. c. $325 but it does not begin for 60 days after the time Carl became disabled. d. $825 but it does not begin for 60 days after the time Carl became disabled.
$290
If an insurance carrier issues 200 policies and 150 of those policies holders renew, what is the persistency factor of the carrier? Select one: a. 0.5 b. 0.85 c. 0.75 d. 0, it starts over with every renewal period.
0.75
Stan is insured under an ACA health exchange plan with all of the usual benefits and exclusions. One Friday night he gets caught up in a riot in his neighborhood over some local price increases and ends up taking a rock to the head. When he wakes up he's in the ER. He's coherent enough to realize this is going to have a price tag attached to it. What does Stan have to pay for this medical visit? Select one: a. Just the ER visit but no follow up doctor appointments. b. Just his deductible and/or co-pay. c. Nothing. It is against the public policy of the ACA to not pay for insured's medical claims. d. 100%. Likely this type of claim would by excluded because the injuries were sustained while participating in a riot.
100%. Likely this type of claim would by excluded because the injuries were sustained while participating in a riot.
Premiums paid on personal long-term care insurance policies that began after ______ may be deducted from taxable income but only under certain conditions. Select one: a. 2000 b. 2005 c. 1985 d. 1996
1996
COBRA generally requires that group health plans sponsored by employers with _____ or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage in certain instances where coverage under the plan would otherwise end. Select one: a. 10 b. 50 c. 5 d. 20
20
All advertisements shall be retained by the insurer, health care service plan or other entity for at least how many years from the date the advertisement was first used? Select one: a. 7 years. b. 5 years. c. 3 years. d. 1 year.
3 years
What is the official term for a group of ten or more employers who form a trust in order to minimize the tax implications of providing certain types of benefits for their employees? Select one: a. A Multiple Employer Trust (MET) b. An individual employer group c. A Taft-Hartley group d. A Multi-Employer Welfare Arrangement (MEWAs)
A Multiple Employer Trust (MET)
What is Medicaid? Select one: a. A combination state and federal program which provides assistance to individuals who have a demonstrated financial need and are therefore unable to pay their medical expenses b. A network of free clinics operated in almost every state c. A type of Medicare health plan offered by a private company that contracts with Medicare to provide the enrolled individual with Part A and Part B benefits d. A type of Medigap policy sold in some states that requires the enrolled individual to use hospitals and, in some cases, doctors within its network to be eligible for full insurance benefits
A combination state and federal program which provides assistance to individuals who have a demonstrated financial need and are therefore unable to pay their medical expenses
If an insured chooses a doctor on his own, pays for the services provided, then files a claim with his insurer and is reimbursed according to the limits of his insurance plan, it is called: Select one: a. A scheduled medical services reimbursement plan b. A fee-for-service plan c. An open -source plan d. A preferred provider choice plan
A fee-for-service plan
The National Flood Insurance Program is an example of: Select one: a. A program of private insurance heavily regulated by the federal government with claims by private insurers, supplemented in the case of a disaster by FEMA b. A government insurance program funded entirely through the U.S. Treasury c. A private, competitive insurance market d. A government subsidized insurance program to offer coverage where private insurers were unable to do so
A government subsidized insurance program to offer coverage where private insurers were unable to do so
What is a benefit schedule? Select one: a. A listing of medical services that are not covered along with the amount of money the insurer would have paid out in for those services b. The average price for a particular service in a specific geographic area as determined by the insurer c. A listing of covered medical services along with the amount of money the insurer will pay out in for a listed service d. A calendar that indicate the points in the year when a particular medical service is available for use
A listing of covered medical services along with the amount of money the insurer will pay out in for a listed service
A Preferred Provider Organization (PPO) health plan is defined as: Select one: a. Any health care plan where the insured can choose which health care providers they prefer, with no restrictions b. Another name for a Health Maintenance Organization (HMO) c. A plan where the insured can only seek treatment from specialists or laboratories preferred by their primary care physician d. A network of contracted but otherwise independent medical providers where an insured can receive treatment at a lower cost and with fewer restrictions than if seeking care from a non-preferred medical provider
A network of contracted but otherwise independent medical providers where an insured can receive treatment at a lower cost and with fewer restrictions than if seeking care from a non-preferred medical provider
Rather than a deductible, most disability income polices have a set period of time that must pass before the policy will pay out benefits. What is the term for this period of time? Select one: a. Deduction period b. Regulatory phase c. Elimination period d. Probationary phase
Elimination period
A certificate of coverage is: Select one: a. A certificate sent by the insurer to a medical treatment provider to verify coverage of an individual under a group health plan b. A summary plan description with all the contact information and details on how the plan operates(premiums, coverages, exclusions, etc.) given to each individual covered under a group plan in lieu of a copy of the full policy document c. A simple one-page document with a group policy name and identification number sent to individuals covered under a group plan to verify enrollment d. A list of medical treatments covered by a group health insurance plan
A summary plan description with all the contact information and details on how the plan operates(premiums, coverages, exclusions, etc.) given to each individual covered under a group plan in lieu of a copy of the full policy document
What refers to the capacity of the employer to take steps which might minimize loss or reduce the incidence of injury or illness among its employees? Select one: a. Benefit outsourcing. b. Administrative capability. c. Persistency factor. d. None of these answers are correct.
Administrative capability.
Small employers who offer group health benefits must make the plan available to which of the following? Select one: a. All salaried employees b. At least80% of the eligible employees c. At least50% of the eligible employees d. All eligible employees
All eligible employees
Inflation protection benefit increases under a policy that contains these benefits shall continue without regard to: Select one: a. All of the answers are correct. b. an insured's age c. the length of time the person has been insured under the policy d. claim status or claim history
All of the answers are correct
What differentiates a reciprocal from other types of insurers? Select one: a. The risk associated with insurance is shared amongst the members of the reciprocal b. A reciprocal is an unincorporated group of individuals or organizations who insure each other c. All of these answers are correct d. The day to day operations of a reciprocal are managed by a third party entity called an attorney-in-fact
All of these answers are correct
In regards to a reinstatement provision, which of following is something a policyholder must do to restore a lapsed policy? Select one: a. The insured must repay any outstanding policy loans b. The insured must show proof of insurablity c. All of these are correct d. The insured must pay back premiums, with interest
All of these are correct
What is a MEWA? Select one: a. A technical term under federal law that encompasses essentially any arrangement not maintained pursuant to a collective bargaining agreement that provides health insurance benefits to the employees b. All of these are correct c. A Multi-Employer Welfare Arrangement d. A trust consisting of multiple small employers in the same industry, formed for the purpose of purchasing group health insurance
All of these are correct
The Oregon Life & Health Insurance Guaranty Association (OLHIGA) is: Select one: a. A subsidiary of a national industry organization(NOLHGA) to which all insurers in the United States must belong and pay dues which honors the policies of any insurer nationwide who has suffered financial insolvency b. An industry organization to which all insurers in the State of Oregon must belong and pay dues and from which each would have their policies honored in case of financial insolvency c. An Oregon-based private reinsurance company through which any insurer in the state can reinsure policies to guaranty they can be paid in the event of a natural disaster d. A state-run organization funded by levees on all insurers in the State of Oregon which would honor the policies of all admitted insurers if they suffered financial insolvency
An industry organization to which all insurers in the State of Oregon must belong and pay dues and from which each would have their policies honored in case of financial insolvency
Any benefits received by employees from a group accidental death and dismemberment policy: Select one: a. Are considered ordinary income b. Are taxed at a significantly higher rate c. Are considered "supplementary income" d. Are not taxable income
Are not taxable income
If a waiver of premium rider is attached to a universal life policy, in the event of the insured becoming disabled, the insurer covers the ___________ premiums paid by the insured over a preceding period of time. Select one: a. Maximum b. Minimum c. Average d. Target
Average
Grandfather hasn't missed a payment for anything in his life but 1 week before his life insurance premium was due he had a stroke, was hospitalized, and then 2 weeks from the time of his stroke, passed away. What happens to the benefits on the life insurance policy that remained unpaid at the time of his death? Select one: a. The policy was void because it was not paid in full. b. The policy was void because the coverage period had expired. c. The death benefits will pass to the beneficiaries if they make the final premium payment that was missed. d. Because Grandfather died within the grace period, the death benefits from the policy pass to his beneficiaries.
Because Grandfather died within the grace period, the death benefits from the policy pass to his beneficiaries.
If the employer and employees each pay a portion of the premiums for a group disability income policy, how are benefits that are received taxed? Select one: a. The portion of the taxes owed on benefits received by employees are deferred until the employee ceases to work for that employer b. Benefits that are received are taxed based on whether the benefits were paid for by the employees or the employer c. Benefits that are received by employees are not subject to taxation d. Benefits received by an employee are included as taxable income
Benefits that are received are taxed based on whether the benefits were paid for by the employees or the employer
An insured must pay $150 as her portion of a $1500 covered medical procedure; this is best described as: Select one: a. Coinsurance (10% of the fee for service); not copayment, since copayment is customarily a smaller, fixed amount b. An exclusion c. A copayment, since (combined with the portion covered by the insurance company) it completes a 100% payment d. A self-funded insurance plan
Coinsurance (10% of the fee for service); not copayment, since copayment is customarily a smaller, fixed amount
The contract for group insurance must conform only to the laws of the state in which it is ______, even though certificates of insurance may be issued and delivered in other states. Select one: a. Delivered b. Printed c. Approved d. Underwritten
Delivered
The general rule is that the state in which the group insurance contract is delivered to the policy owner is the state that has governing jurisdiction is called what? Select one: a. Doctrine of Jurisdiction. b. Doctrine of Delivery. c. Doctrine of Contract. d. Doctrine of Comity.
Doctrine of Comity.
What is the primary difference between an HRA and an HSA? Select one: a. HRA plans allow anyone to contribute money b. HRA plans are offered to individuals under age 55 while HRA plans are available at any age c. HSA plans are not tax deductible d. HSA plans are controlled by the individual while HRA plans are controlled by the employer
HSA plans are controlled by the individual while HRA plans are controlled by the employer
Oregon statutes with regard to newborn and adopted children stipulate that: Select one: a. Newborns from birth and adoptees from within 31 days of the date the insurance company is informed of the adoption must be provided full coverage; premiums may be adjusted to provide for the additional dependent coverage b. Newborns from birth and adoptees from the date of adoption must be given at least 31 days' coverage regardless of whether the policy has provisions for covering dependents of the insured c. If the policy already covers dependents, newborns from birth and adoptees from the date of adoption must be given at least 21 days' coverage; notification of the new dependent may be required for coverage to continue past 21 days d. If the policy already covers dependents, newborns from birth and adoptees from the date of adoption must be given at least 31 days' coverage; notification of the new dependent may be required for coverage to continue past 31 days
If the policy already covers dependents, newborns from birth and adoptees from the date of adoption must be given at least 31 days' coverage; notification of the new dependent may be required for coverage to continue past 31 days
Provides clear statutory authority for the Director of the Department of Consumer and Business Services to regulate: Select one: a. All legal matters. b. Legislative matters. c. Court proceedings. d. Insurance practices.
Insurance practices.
If the plan is organized on a/an ___________ structure the medical providers contract with the managed care organization but are independent and can see patients that are not enrolled with the managed care organization Select one: a. Closed panel b. Reserve panel c. Open panel d. Control panel
Open Panel
What is a term for medical plans which control how they pay benefits in an attempt to control costs? Select one: a. Managed care. b. Waiver of Premium. c. Benefit value. d. Medical value.
Managed care.
Medicare Part B covers which of the following? Select one: a. Preventive dental care services b. Medically necessary services c. Inpatient hospital services d. Prescription medications
Medically necessary services
A person who is under 65 and has been receiving Social Security disability benefits for 24 months is eligible for: Select one: a. Medicare, Part C. b. Medicaid. c. Medicare Part A. d. Medicare, Part D.
Medicare Part A.
Grandmother has a long-term care insurance policy but her adult day care services request is denied. Per OAR 836-052-0586, can this be done? Select one: a. No, unless the insured has other resources to provide the exact same services. b. No, unless Grandmother has already tried nursing and/or therapeutic services for the same purpose. c. Yes, if the insured is under age 75. d. No.
No
Insured Denise is worried that her health insurance carrier is not going to renew her policy because this has been a rough year and she has had several claims. Should she be worried? Select one: a. No, except for a few situations, the ACA states that all insurance policies must be guaranteed renewable. b. Yes, because if they don't renew her policy she will have a gap in coverage and have to pay the tax penalty. c. No, because if they don't renew her policy she is guaranteed to find a new one on the federal health care exchange. d. Yes, if she falls into the 'donut hole' coverage gap.
No, except for a few situations, the ACA states that all insurance policies must be guaranteed renewable.
Individuals insured by an employer group policy do which of the following? Select one: a. None of these are correct b. Apply for the coverage c. Maintain the policy d. Make premium payments
None of these are correct
How long does a producer have before he or she informs the Director of a change in or deletion or addition of an assumed business name under which the licensee conducts business? Select one: a. "In a reasonable time." b. Not later than the 30th day. c. Not later than the 45th day. d. Not later than the 15th day.
Not later than the 30th day.
If a PPO insured uses an out of network provider, how do they manage the claim? Select one: a. Pay for the services and then file for reimbursement from the PPO. b. None of these answers are correct. c. Pay for the service. d. Tell the service provider to bill the PPO.
Pay for the services and then file for reimbursement from the PPO.
In regards to medical expense tax deductions, which of the following is not considered a valid medical expense? Select one: a. Payments for procedures intended to diagnose, cure, mitigate, treat, or prevent disease b. Payments for care provided in a skilled nursing facility c. Premiums paid for policies covering medical care d. Payments for treatments affecting the structure or function of the body
Payments for care provided in a skilled nursing facility
A disability which prohibits the injured person from performing any type of work for the rest of his/her life is __________. Select one: a. Permanent Total Disability b. Temporary Total Disability c. Permanent Partial Disability d. Temporary Partial Disability
Permanent Total Disability
The classification of risks in life insurance include: Select one: a. Preferred smoker b. Standard c. Substandard d. Platinum
Platinum
Medicare Part B is paid for completely by: Select one: a. Premiums generally deducted from the insured's social security check supplemented as needed from the general fund b. Federal income taxes c. A fund created by private insurers d. FICA contributions over the working life of the insured
Premiums generally deducted from the insured's social security check supplemented as needed from the general fund
Any carrier offering long term care policies must provide all applicants with a Director approved: Select one: a. Shoppers Guide. b. Advertising Guide. c. Suitability Guide. d. Marketing Guide.
Shoppers Guide.
The two primary perils covered by a health insurance plan are: Select one: a. Preventive and Restorative Care b. Chronic illness or injury and episodic illness or injury c. Outpatient and Inpatient Care d. Sickness and Accidental Injury
Sickness and Accidental Injury
Angela is fairly regularly behind on various payments and her life insurance policy is no different. This time though, Angela doesn't get her payment in until 45 days after her premium due date. What could her insurer do at this point? Select one: a. Since Angela is likely out of the grace period, the policy provisions are terminated. b. Since Angela is likely out of the grace period, her insurer will warn her and continue coverage. c. Nothing, the grace period extends to one year from the time the last premium was due. d. Since Angela is likely out of the grace period she will reinstate the old policy.
Since Angela is likely out of the grace period, the policy provisions are terminated
How does the retention risk management technique work? Select one: a. An activity that could carry risk is not performed b. The impact of the risk is reduced by sharing it among multiple parties c. The risk is shifted to another party d. The business owner identifies and acknowledges the existence of a specific risk, accepts the consequences of that risk
The business owner identifies and acknowledges the existence of a specific risk, accepts the consequences of that risk
A group insurance "Master Policy" refers to: Select one: a. The description of how the plan operates (premiums, coverages, exclusions, etc.) delivered to the purchaser of the plan, i.e. the employer, association or other authority for the group b. A type of group health insurance plan that has the widest possible range of coverage and the fewest exclusions or copayment requirements c. The description of how the plan operates (premiums, coverages, exclusions, etc.) for all such policies, from which a particular group plan can be adapted d. The description of how the plan operates (premiums, coverages, exclusions, etc.) delivered to each individual covered by a group plan
The description of how the plan operates (premiums, coverages, exclusions, etc.) delivered to the purchaser of the plan, i.e. the employer, association or other authority for the group
COBRA generally requires that group health plans sponsored by employers with 20 or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage in certain instances where coverage under the plan would otherwise end, provided: Select one: a. The employee pays the premiums b. The employee does not obtain new employment c. The number enrolled in the group plan doesn't fall below 20 d. The employee continues to pay his or her contribution to the employer's premium
The employee pays the premiums
Who are the two parties in an employer group health policy contract? Select one: a. The employer and the insurer b. The insurer and another insurer c. The individual insured and the insurer d. The employer and the individual insured
The employer and the insurer
Independent Insurance rating services such as A.M. Best, Fitch, Moody's, Standard and Poor's, and Weiss, Inc. mainly offer reports on the following: Select one: a. Customer satisfaction b. The best prices for the best coverages c. The financial strength of the insurer and the insurer's ability to pay outstanding claims d. Dividend performance
The financial strength of the insurer and the insurer's ability to pay outstanding claims
What is major medical insurance designed to provide protection against? Select one: a. Losses that result from a valuable employee becoming disabled b. None of these are correct c. The high cost of some medical services like extended hospital stays and major surgery d. The cost of vision, dental, and hearing related medical services
The high cost of some medical services like extended hospital stays and major surgery
Estoppel means that if an agent makes a representation on behalf of an insurer regarding terms of a policy which turns out to be inaccurate Select one: a. The insurance company must honor the representation the agent made on its behalf b. The terms of a contract cannot be altered by an agent; only by the insurance company c. The contract itself becomes null and void if it incorporates inaccurate representations made on behalf of the insurance company d. The insurance company is shielded from liability from inaccurate representations made on its behalf
The insurance company must honor the representation the agent made on its behalf
Notification of eligibility or awareness the you are eligible for COBRA coverage is the responsibility of: Select one: a. The U.S. Department of Health and Human Services b. The insurer when issuing a summary plan description and the plan administrator when an enrollee experiences a qualifying event c. The individual member of the group plan d. The Social Security Administration
The insurer when issuing a summary plan description and the plan administrator when an enrollee experiences a qualifying event
A contract must have a legal purpose in order to be enforceable. What does it mean for a contract to have legal purpose? Select one: a. The performance of the contract is not in and of itself unlawful b. The contract has been authorized by a notary c. The performance of the contract is not in and of itself unlawful, and the performance of the contract will not result in a violation of law d. The performance of the contract will not result in a violation of law
The performance of the contract is not in and of itself unlawful, and the performance of the contract will not result in a violation of law
If a term life policy has a renewable feature: Select one: a. The premium classification of the insured is recalculated on an annual basis b. The policy can be renewed without proof of insurability c. The policy can be converted into a whole life policy without proof of insurability d. The policyowner can purchase term riders without proof of insurability
The policy can be renewed without proof of insurability
After an insured turns 65, who is permitted to cancel a health insurance policy with a noncancelable provision? Select one: a. Only the policyholder b. The policyholder and the insurer c. Only the insurer d. The primary beneficiary
The policyholder and the insurer
The main advantage of an insurance mutual company is: Select one: a. The smaller number of insured allows more custom plans b. The policyholders have control over how the company is run c. The greater scope allows lower prices d. They have access to more monetary resources than a more traditional insurer
The policyholders have control over how the company is run
The written notice sent by an insurer to a producer informing that producer of termination of his or her appointment must contain which of the following? Select one: a. Contact information for the insurance commissioner of the state b. The reasons for the termination c. A pay out of any severance compensation d. An application for a discounted insurance policy
The reasons for the termination
__________ is the party that fulfills obligations if the __________ fails to carry them out. Select one: a. The obligor / the guarantor b. The surety / the principal c. The guarantor / the obligee d. The obligee / the principal
The surety / the principal
The most recent IRS tables allow a medical deduction when both the taxpayer and the taxpayer's spouse are under 65, provided that: Select one: a. The taxpayer itemizes deductions and combined annual expenditures on premiums and uncovered medical expenses comprise more than 10% of adjusted gross income; the entire amount can then be deducted b. The taxpayer itemizes deductions and combined annual expenditures on premiums and uncovered medical expenses comprise more than 7.5% of adjusted gross income; the amount above that threshold can then be deducted c. The taxpayer itemizes deductions and combined annual expenditures on premiums and uncovered medical expenses comprise more than 10% of adjusted gross income; the amount above that threshold can then be deducted d. The taxpayer itemizes deductions
The taxpayer itemizes deductions and combined annual expenditures on premiums and uncovered medical expenses comprise more than 10% of adjusted gross income; the amount above that threshold can then be deducted
At a seminar at the community retirement center, insurance licensee Jill tells her audience that if they sign up for any health insurance policy through her today at the seminar, they will get a refund of 15% of their premium in 6 months. Per ORS 746.045, what is the Director likely to say? Select one: a. This is an inducement not specified in the policy. b. This is an illegal rebate. c. This is fine if the clientele is above 55. d. This is effective marketing.
This is an illegal rebate.
the Department of Consumer and Business Services may issue a temporary license in which of the following cases: Select one: a. The state of Oregon does not currently offer a temporary license. b. None of these answers are correct. c. To the designee of a licensed producer entering active duty military service. d. To a licensed producer from another jurisdiction for a "free look" period.
To the designee of a licensed producer entering active duty military service.
Premiums received by a producer must be deposited in full in a premium trust account maintained for that purpose ________________ of receipt. a. Within three working days b. Within seven days c. Immediately upon d. During the month
Within seven days
While at work as a waitress, employee Clara is injured through the negligence of a fellow waitstaff member and unable to continue working in that capacity until her leg heals. Because she is used to her salary and tips, and now she is not receiving either, Clara is unable to pay her monthly bills. What should she apply for until she is able to work again? Select one: a. Nothing, workers compensation only covers medical expenses. b. Nothing, workers compensation does not cover injuries from fellow, negligent employees. c. Workers compensation for loss of wages (in addition to her medical bills). d. Temporary (short term) disability.
Workers compensation for loss of wages (in addition to her medical bills).
Insured elderly client Evelyn barely remembers what she ate for breakfast much less the year in which she was born. Sure enough, on her new ACA exchange health insurance application, she wrote it wrong. After a few medical providers submit claims on behalf of Evelyn, the mistake is discovered and the carrier realizes that because she is older than she stated, the carrier needs to adjust the benefits downward. Can they do this? Select one: a. No, the burden to discover Evelyn's true age was on the carrier. They have no recourse now. b. No, it is against the public policy of the ACA to ever adjust an insured's benefits downward. c. Yes, the carrier may adjust the benefits downward under a time limit on certain defenses. d. Yes, the carrier may apply the misstatement of age provision which allows them to do just that.
Yes, the carrier may apply the misstatement of age provision which allows them to do just that.
Each Medicare supplement policy and certificate shall include: Select one: a. a referral provision. b. a renewal or continuation provision. c. a stability provision. d. a marketing provision.
a renewal or continuation provision.
Each Medicare supplement policy and certificate shall include: Select one: a. a renewal or continuation provision. b. three other options for Medicare supplemental insurance. c. a copy of the applicant's credit report. d. an explanation of the exceptions for pre-existing conditions.
a renewal or continuation provision.
Each small employer health benefit plan shall be renewable with respect to: Select one: a. all eligible enrollees at the option of the policyholder. b. whether or not premiums have been paid. c. each individual class of employees separately. d. whether or not any enrollee has engaged misrepresentation of a material fact.
all eligible enrollees at the option of the policyholder.
Insurers are allowed to cancel under any renewal provision if premium payments: Select one: a. are stopped. b. Under the ACA insurers cannot cancel a policy. c. are overpaid. d. are late.
are stopped.
Where coverage is available to one employee of a group, regardless of size, then coverage must be made: Select one: a. equally available to all other members of the group. b. with different terms and conditions to all other members of the group. c. to others of the group if they are interested. d. to others in the group if they are at the same level of employment (ie, managers or workers).
equally available to all other members of the group
Section 1033 of Title 18 of the US Code makes it a criminal offense for an individual who has been convicted of any felony involving dishonesty or breach of trust to do the following: Select one: a. willfully engage in the business of insurance unless they have paid restitution to the aggrieved party. b. willfully engage in the business of insurance unless they have a licensed business manager who can handle their trust accounts. c. willfully engage in the business of insurance. d. willfully engage in the business of insurance if they have been convicted of less than a Class A felony.
willfully engage in the business of insurance.
An individual long-term care insurance policy or certificate will not be issued until the insurer has received which of the following from the applicant, according to OAR 836-052-0536: Select one: a. written designation of acceptance that the policy may be terminated immediately upon nonpayment of premium b. written confirmation that the applicant will not allow the lapse or termination of the policy for nonpayment of premium c. None of these answers are correct. d. written designation of at least one person, in addition to the applicant, who will receive notice of lapse or termination of the policy or certificate for nonpayment of premium
written designation of at least one person, in addition to the applicant, who will receive notice of lapse or termination of the policy or certificate for nonpayment of premium