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Life, Accident and Health BUNDLED Exams questions and correct answers
Health and Accident Insurance Practice Test questions and correct answers Accident and Health Insurance questions and correct answers
[Show more]Health and Accident Insurance Practice Test questions and correct answers Accident and Health Insurance questions and correct answers
[Show more]H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: 
A: Over-insurance clause 
B: free look 
C: relation of earning to...
Preview 4 out of 54 pages
Add to cartH has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: 
A: Over-insurance clause 
B: free look 
C: relation of earning to...
1x sold
Your license will be considered to be inactive when you: - correct answer No longer have any appointments 
 
On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - correct answer Not taxable since the IRS treats them as a refund...
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Add to cartYour license will be considered to be inactive when you: - correct answer No longer have any appointments 
 
On a "participating" health insurance policy issued by a mutual insurance company, dividends paid to policy holders are: - correct answer Not taxable since the IRS treats them as a refund...
Group Insurance - correct answer - the employer is the owner and receives the 
 master contract 
- the employees are certificate holders which 
 outlines the details of it 
- underwriting is much more liberal because its a 
 large group and probably wont have adverse 
 selection 
- if you want ...
Preview 3 out of 21 pages
Add to cartGroup Insurance - correct answer - the employer is the owner and receives the 
 master contract 
- the employees are certificate holders which 
 outlines the details of it 
- underwriting is much more liberal because its a 
 large group and probably wont have adverse 
 selection 
- if you want ...
Accident and Health Insurance - correct answer - a contract where the insurer, in exchange for the premium submitted, indemnifies the insured for the medical expenses caused by illness or injury and/or the loss of earnings due to disabilities as long as the expense or disabling occurrence happened ...
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Add to cartAccident and Health Insurance - correct answer - a contract where the insurer, in exchange for the premium submitted, indemnifies the insured for the medical expenses caused by illness or injury and/or the loss of earnings due to disabilities as long as the expense or disabling occurrence happened ...
Regarding an organizational license, what happens when a corporation is dissolved? - correct answer The license is terminated 
 
john applies for a variable annuity and does not request that the premiums be immediately invested in a stock or bond portfolio. After the annuity is issued, John returns...
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Add to cartRegarding an organizational license, what happens when a corporation is dissolved? - correct answer The license is terminated 
 
john applies for a variable annuity and does not request that the premiums be immediately invested in a stock or bond portfolio. After the annuity is issued, John returns...
What are the four elements of an insurance contract - correct answer Agreement - offer and acceptance, consideration, competent parties, and legal purpose 
 
What does representation mean and how does it differ from a warranty - correct answer Representation are statements believed to be true to t...
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Add to cartWhat are the four elements of an insurance contract - correct answer Agreement - offer and acceptance, consideration, competent parties, and legal purpose 
 
What does representation mean and how does it differ from a warranty - correct answer Representation are statements believed to be true to t...
Annuity - correct answer -A contract between a person and an insurance company that requires the insurer to make payments to you. 
-You buy an annuity by making either a single payment or a series of payments 
-Annuity Death benefits are NOT tax deductible or taxfree 
 
Dividends - correct answer ...
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Add to cartAnnuity - correct answer -A contract between a person and an insurance company that requires the insurer to make payments to you. 
-You buy an annuity by making either a single payment or a series of payments 
-Annuity Death benefits are NOT tax deductible or taxfree 
 
Dividends - correct answer ...
Which of the following is a true statement about dependent coverage on group health policies? 
Select one: 
a. The dependent can be a natural child, step child or adopted child. 
b. A child can be considered dependent after age 19 if he/she was disabled before that time. 
c. A child can be considere...
Preview 4 out of 31 pages
Add to cartWhich of the following is a true statement about dependent coverage on group health policies? 
Select one: 
a. The dependent can be a natural child, step child or adopted child. 
b. A child can be considered dependent after age 19 if he/she was disabled before that time. 
c. A child can be considere...
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