Term 2 of 210
how long before a suicide is covered by a life insurance
6 months
30 days
3 years
2 years
Term 3 of 210
there is no ___________ period on a cobra plan?
RENEWAL
WAITING
GRACE
CANCELLATION
,Term 4 of 210
physical hazard
arise from the inherent characteristic of the exposure unit
are caused by external factors unrelated to the unit
are based solely on the actions of the insured
are only related to the financial aspects of insurance
Term 5 of 210
Three types of hazard
moral, morale, purposeful
exposures, loss, reduction
physical, moral, morale
reduction, avoidance, risk
Term 6 of 210
how long is the affiliation period?
60 days
90 days
180 days
30 days
Term 7 of 210
Captive agents represent who?
one company
one person
the bank
30 days
,Term 8 of 210
Commingling
insurers must pay dues into this association must notify the DOI of insolvency within 30
days
the next day
stock holders and most common
agent who mixes client funds with his own funds is guilty of
Term 9 of 210
how often can group health coverage rates be increased?
every 6 months
every 2 years
every 30 months
every 3 years
Term 10 of 210
What are two ways agents are classified?
express,implied, and apparent
captive or independent
individual
legal purpose insurable interest
Term 11 of 210
Capital Stock companies are owned by
health of the individual members
mortality, interest expenses
application and premium
stock holders and most common
, Term 12 of 210
what is the grace period for premiums paid monthly
30 days
10 days
31 days
20 days
Term 13 of 210
What are insurers classified as in their own state?
Domestic
Alien
Authorized
Foreign
Term 14 of 210
exposure unit
mortality, interest expenses
only insure themselves
application and premium
subject to loss
Term 15 of 210
Prescription drug coverage
covers only inpatient medications during hospital stays
is limited to generic drugs without any copayment
excludes all over-the-counter medications
is often provided for outpatient prescriptions with a copayment for each drug
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 codersimon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.00. You're not tied to anything after your purchase.