STUDY
an embedded deductible
NOT a primary way deductibles for major medical plans can be paid.
integrated dental plan
dental plan which is incorporated into a major medical expense plan
Multiple-employer trusts
formed when several similar or related small companies join forces to create a large pool of people that the insurer will accept as a group
12 months
how many consecutive months must LTC insurance provide in this state?
2 years
how often must continuing education must be completed?
18 months
length of time COBRA coverage may be kept
12 months
length of time a producer has to apply for reinstatement without having to take an exam after lapse of license
30 days
length of time the certificate holder, licensee, or other person under the jurisdiction of the Commissioner has to comply with any request for information from the Commissioner
5 days
length of time the insurer or reporting agency has to comply when a consumer requests additional information concerning an investigative consumer report
Moral Hazard
living behaviors that tend to put an individual at greater risk of injury
63 days
maximum number of days an insured can have a gap in coverage in order to qualify as an eligible insured under HIPPA
50
maximum number of employees allowed in order for a group to qualify for a guaranteed-issue group plan
60 days
number of days an insurer should receive their Certificate of Authority after meeting all the state Requirements
Accumulation period
period of time during which the annuitant makes premium payments to an annuity
Aleatory
what characteristic of an insurance contract does this describe? - an insured pays a $100 premium every month for his insurance coverage, yet the insurer promises to pay $10,000 for a covered loss.
Dwelling
which is not among the components that make up a commercial package policy? - dwelling, crime, auto, & farm
Limited-benefit plans
which plan is not a type of managed plan... limited-benefit, HMO, POS, & PPO