Emax Simulator additional practice

A paid up nonforfeiture benefit will become effective as specified in the policy, unless the person entitled elects another available option within how many days after the due date of the premium in default?

60 Days

The benefits for individual disability plans are based on

A Flat Amount

The death protection component of universal life insurance is always

Annually renewable term

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

Application

The act of trying to discourage a policyholder from dropping his/her existing policy is called

Conservation effort

What is not covered by an HMO Plan

Elective Services

Fixed period installments is a __________ option

Settlement option

what provision states that the insurance company must pay medical expense claims immediately

Time of Payment of claim

What is the purpose of life insurance solicitation regulations

To help consumers compare life insurance products in regard to their relative cost

Skilled care is most likely provided at

an institutional setting

Gatekeeper of an HMO helps

control specialist cost

aleatory

exchange of unequal values

What is the purpose of a conditional receipt

it is intended to provide coverage on a date prior to the policy issue

The interest earned on policy dividends is

taxable

Group disability plans usually specify the benefits based on a percentage of

the workers income