KENTUCKY HEALTH INSURANCE EXAMS BUNDLE

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As ...

The premiums paid by an employer for his employee's group life insurance are usually considered to be - Answer-Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? - Answer-Business expenses These are all accurate statements regar...

C. The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds - Answer-All of the following statements about non-cancellable policies are true EXCEPT A. A noncancellible police is also called a noncancellible and guaranteed renewable policy...

Social security taxes are paid by employees with - Answer-after tax dollars The premiums paid by a company for group health insurance for its employees are - Answer-Tax deductible by the company and not considered taxable income to the employees Premiums for individually-owned health insurance...

Fair Credit Reporting Act - Answer-Must advise people that reports and or medical reports on them are being requested When proof of loss has been furnished, periodic benefit payments must be made not less frequently than - Answer-monthly Partial Disability Payments - Answer-Partial disability ...

All of the following are producer responsibilities to the applicant, except: - Answer-Offering and selling only the lowest premium policy ___________ manufacture and sell insurance coverage in the form of policies or contracts of insurance. - Answer-Insurers When both parties must perform cert...

The insurer may increase the premium rate after the policy is in effect provided it does so by classes of insureds. - Answer-All of the following statements about noncancellable polices are true EXCEPT A factory worker fractures an elbow while working overtime. - Answer-Which of the following qua...

risk - answer-chance of loss peril - answer-cause of loss elements of risk - answer-due to chance, definite and measureable, predictable, not catastrophic, large loss exposure, insurance cannot be mandatory. medical expense policy - answer-covers hospital and medical expenses of a covered i...

Federal requirements - Answer-by means of the health maintenance act of 1973, Congress strongly supported the growth of health maintenance organizations in this country. The act force employers with more than 25 employees to offer HMO as an alternative to their regular health plans. (The part of the...