Health Insurance ch 1

All students attending a large university could be covered by

a blanket policy

J has an Accidental Death and Dismemberment policy with a principal sum of $50,000. While trimming the hedges, J cuts off one of his fingers. What is the MAXIMUM J will receive from his policy?

$25,000

What is issued to each employee of an employer health plan?

Certificate

Which of the following statements BEST describes how a policy that uses the "accidental bodily injury" definition of an accident differs from one that uses the "accidental means" definition?

Less restrictive

Which of the following characteristics are associated with a large group disability income policy?

No medical underwriting

To obtain group Major Medical insurance from an employer, a new employee MUST perform which of the following actions during the open enrollment period?

Sign an enrollment card

Which statement is TRUE regarding a group accident & health policy issued to an employer?

The employer is the policyowner and each employee receives a certificate of coverage

A Business Overhead Expense policy

covers business expenses such as rent and utilities

An accident policy will most likely pay a benefit for a(n)

off-the-job accident

The Coordination of Benefits provision

prevents an insured covered by two health plans from making a profit on a covered loss