Questions answered wrong

inspection report

An insurer receives a report regarding a potential insured that includes the insured's financial status, hobbies and habits. What type of a report is that?

medicare advantage

Part C offers expanded benefits for a fee through private health insurance programs such as HMOs and PPOs

integrated dental plan

The type of dental plan which is incorporated into a major medical expense plan is a/an..

probationary period

What is the initial period of time specified in a disability income policy that must pass, after a policy is in force, before a loss can be covered? This is to prevent adverse selection

coercion

a banker is ready to close on a customer's loan. The bank is prepared to offer the loan only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of ________

cervical cancer exams

as a preventative service will only be available for women at higher risk.

insuring clause

contains the company's promise to pay

when the applicant pays the initial premium

coverage is effective on the condition that the applicant proves to be insurable either on the date the application was signed or the date of the medical examination, if required

misrepresentation

during a sales presentation a producer intentionally makes a statement which may mislead the insurance applicant. This describes ________

adverse selection

group health insurance is characterized by all of the following except

life income joint and survivor option

guarantees an income for two or more recipients for as long as they live. There is no guarantee that all the life insurance proceeds will be paid out

waived

if a currently-licensed, foreign agent obtained an insurance license before written examinations were required, the written examination will be _______

replacement situation

in a __________ the agent must compare the benefits, limitations, and exclusions found in the current and the proposed _________ policy. Assets do not have to be considered

conditional receipt

it is given by the agent only to applicant who fully prepay all scheduled premiums in advance of policy issue. Only used when the applicant submits a prepaid application

HMOs

most _______ operate through a system of group enrollment either at their place of employment or as a member of an association

90/10

ray has an individual major medical policy that requires a coinsurance payment. Ray very rarely visits his physician and would prefer to pay the lowest premium possible. Which coinsurance would be best for ray

continuation provision

the renewal provision also known as the _________ explains the right of the insurer to alter premium accounts

absolute and collateral

the two types of assignment are _______

within 2 months

upon the submission of a death claim under a life insurance policy, when should the insurer pay the policy benefit

when the application is signed and a check is given to the agent

when is the earliest a policy may go into effect

those who have been insured under the plan for atleast 5 years

which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?

the original age is used for premium determination

What is the advantage of reinstating a policy instead of applying for a new one?

Insurer's executive officer

Which of the following entities has the authority to make changes to an insurance policy?

physical examination and autopsy

Which of the following provisions is mandatory for health insurance policies?