Unit 14
Accidents immediately and sickness after 10 days
A reinstated policy will cover
Change of beneficiary
All fo the following are optional health insurance provisions except
After 45 days
Mike allows his policy to lapse, then applies for reinstatement using the company's required application. The company does not inform Mike either that the policy has been accepted or that the policy is being rejected. At what point can Mike consider the policy reinstated?
A consideration
The exchange of something of value is known as
The proportionate amount of the unearned premium
A pro rata return is one in which the insurer returns
The premium payment
According to the entire contract provision, the entire contract includes all of the following except
Renewability
All of the following are mandatory health insurance provisions except
90
Generally, written proofs of loss must be furnished within how many days after the loss?
5
How many days notice must the insured be given if an insurer cancels a policy?
Premium payment frequency
The grace period varies according to
Over-insurance
The optional provisions that deal with multiple insurance policies of the same type on a single insured deal with the problem of
Limits will be lowered
When Betty purchased her insurance policy, her age was recorded as 32 when she was actually 34. Assuming her policy includes the misstatement of age provision and the insurance company discovers this 4 years later, Betty's policy
Free look period
Which provision allows new insureds the right to examine a policy for a specified period of time with the option to return it?
The insured's estate
If there is no beneficiary listed on a policy, benefits will be paid to
10 days
Marcus pays his insurance premium monthly and has a grace period of
The state has an applicable law that forbids autopsy
There insurer may generally require an autopsy at its own expense unless