Field Underwriting Procedures

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

Application.

An agent is ready to deliver a policy to an applicant but has not yet received payment. Upon delivery, the agent collects the applicants premium check, answers any questions an applicant may have and then leaves, what did he forget to do?

Ask her to sign a statement of good heath.

In a replacement situation all of the following must be considered except?

Assets.

What phases begins after a new policy is delivered?

Free-look Period.

Under the privacy rule of HIPAA protected information includes all individually identification health information?

Held or transmitted in any form.

Which of the following entities can legally bind coverage?

Insurer

Who must pay for the cost of a medial 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 receives a conditional receipt two weeks later, which of the following has the insured one by this point?

Neither approve that application not issue the policy.

What us the best way to change an application?

Start over with a fresh application.

Before a customer agent delivers his policy the insurer makes a last minute change to the policy. The agent informs the customer this exchange and he accept it. What must the agent do now?

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

Who's responsibility is it to determine if all the questions on an application have been answered?

The agent.

Which is true regarding obtaining underwriting sources?

The applicant must be informed of the sources contacted and how the information is being gathered.

Which of the following is true about the requirement regarding HIV exams?

The applicant must give prior informed written consent.

An agent is in the process of replacing the insured current health policy with a new one, which of the following would be the proper action?

The old policy should stay in force until the new policy is issued.

An insured is upset that her new health policy was delivered to her by certified mail and not through her agent, which of the following is true?

There is nothing wrong with this, form of policy delivery.