100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Arkansas Health insurance exam Questions and Answers(Rated 100%) $10.19
Add to cart
Quickly navigate to
Preview
  2.  
  3. Arkansas Health Insurance
  4.  
  5. Arkansas Health insurance

Exam (elaborations)

Arkansas Health insurance exam Questions and Answers(Rated 100%)
 0 purchase
  • Course
  • Arkansas Health insurance
  • Institution
  • Arkansas Health Insurance

What is the term used for a written request for an insurer to issue an insurance contract based on the provided information? - ANSWER-Application What information are the members of the Medical Information Bureau required to report? - ANSWER-Adverse medical information about the applicants or in...

[Show more]

Preview 2 out of 11  pages

Document information

  • April 10, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • arkansas health insurance exam questions and answe
  • arkansas health insurance exam questions stuvia
  • if an agent makes a correction on the application

Written for

  • Arkansas Health insurance
  • Arkansas Health insurance

Seller

avatar-seller
IMORA

Reviews received

Content preview

Arkansas Health insurance exam
Questions and Answers(Rated 100%)

If an agent makes a correction on the application for health insurance, who must
initial the correct answer? - ANSWER-The applicant

What is the term used for a written request for an insurer to issue an insurance
contract based on the provided information? - ANSWER-Application

What information are the members of the Medical Information Bureau required to
report? - ANSWER-Adverse medical information about the applicants or insured.

When should an agent obtain a Statement of Good Health from the insured? -
ANSWER-When the premium was paid upon policy delivery and not the time of
application.

What is the entire contract in health insurance underwriting? - ANSWER-The
application and policy issued.

What entities make up the Medical Information Bureau? - ANSWER-Insurers

What is the best way to make a change on an application for insurance? - ANSWER-
Start over with a fresh application

In health insurance, the policy itself and the insurance application form what? -
ANSWER-The entire contract

If an insurer decides to obtain medical information from different sources in order to
determine the insurability of an applicant, who must be notified of the investigation? -
ANSWER-The applicant

Who must sign a health insurance application? - ANSWER-The policyowner, the
insured (if different), and the agent

If an underwriter requires extensive information about the applicant's medical history,
what report will best serve this purpose? - ANSWER-Attending Physicians statement

Who is responsible for paying the cost of a medical examination required in the
process of underwriting? - ANSWER-Insurer

Whose responsibility is it to inform an applicant for health insurance about the
insurer's information gathering practices? - ANSWER-The agent

What type of hospital policy pays a fixed amount each day that the insured is in the
hospital? - ANSWER-Hospital indemnity

, What is the term for a period of time immediately following a disability during which
benefits are not payable? - ANSWER-Elimination period

What is the primary purpose of disability income insurance? - ANSWER-To replace
income lost due to a disability

Who are the parties in a group health contract? - ANSWER-The employer and the
insurer

Under what type of care do insurers negotiate contracts with health care providers to
allow subscribers have access to health care services at a favorable cost? -
ANSWER-Preferred Provider Organization (PPO)

How are HMO territories typically divided? - ANSWER-geographic areas

Why do HMOs encourage members to get regular checkups? - ANSWER-To help
catch health problems early when treatment has the greatest chance for success
(i.e. preventive care)

Who chooses a primary care physician in an HMO plan? - ANSWER-The individual
member

What is a fee-for-service health plan? - ANSWER-Under a fee-for-service plan,
providers receive payments for each service provided

What are the three types of basic medical expense insurance? - ANSWER-Hospital,
surgical, and medical

What is the capital sum in Accidental Death and Dismemberment (AD&D) coverage?
- ANSWER-A percentage of the principle sum

What is the main principle of an HMO plan? - ANSWER-Preventive care

In health insurance, what is considered a sickness? - ANSWER-An illness that first
arises while the policy is in force

What do individual insureds receive as proof of their group health coverage? -
ANSWER-Certificate of insurance

In what type of health plans are providers paid for services in advance, regardless of
the services provided? - ANSWER-Prepaid plans

Can Alzheimer's disease be excluded from coverage under a long-term care policy?
- ANSWER-No, organic cognitive disorders, such as Alzheimer's or Parkinson's must
be covered

With key person disability insurance, who pays the policy premiums? - ANSWER-
The business (employer)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.19. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64405 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.19
  • (0)
Add to cart
Added