Renewability Study guides, Class notes & Summaries

Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions) Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer ️️ -home health care Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her health policy most likely contains a(n) - Answer ️️ -deductible When a producer submits an insurance applicaton, the application is REQ...

____________ is NOT an element of a valid contract. - Answer-Taxable income. Disability insurance benefits from a group policy paid for by an employer is considered taxable income. "maximum benefits" refers to the - Answer-upper limit of the total lifetime benefits the insurance company will pay A business will typically use which type of life insurance to cover their employees? - Answer-Group policy A clause that allows an insurer the right to terminate coverage at any anniversary...

A beneficiary has just received a claim payment for a life insurance policy. Which of the following is TRUE regarding the federal income tax liability owed? A flat tax of 10% is owed on all proceeds Federal income tax is owed if proceeds exceed $250,000 No federal income tax is owed on life insurance proceeds Tax liability owed depends on the type of life insurance policy - No federal income tax is owed on life insurance proceeds A business will typically use which type of life insurance ...

Kentucky Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The Medical Information Bureau (MIB) was created to protect 1. Insureds from unreasonable underwriting requirements by the insurance companies. 2. Medical examiners that perform insurance physical examinations. 3. Insurance companies from adverse selection by high risk persons. 4. Insurance departments from lawsuits by policyowners. Answer: Insurance compa- n...

NC Life Insurance State Exam Study Guideline with Complete Solutions Term Insurance - Correct Answer Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Correct Answer Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance - Correct Answer Term insurance can be Renewed annually. Has a level Face Amount at renewal, Pre...

Nevada Life and Health Insurance Final Exam Questions and Answers Rated A+ What is an individual engaged in the solicitation, negotiation, or sell of funeral expense insurance who is required to be licensed by the state? Prepaid funeral contract agent Which of the following does the Nevada Insurance Commissioner NOT do? Make statutes concerning insurance law Nick has a policy that the insurer can cancel when he turns 65. Which type of policy is it? Conditionally renewable Which o...

Dram Shop Liability refers to: Answer - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Answer - Neglect. To be eligible for the New York assigned risk auto plan a person must: Answer - Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cau...

XCEL SOLUTIONS - FINAL EXAM 100% Correct K has a life insurance policy where her husband is beneficiary and her daughter is contingent beneficiary. Under the Common Disaster clause, if K and her husband are both killed in an automobile accident, where would the death proceeds be directed? Daughter When is a Group Health policy required to provide coverage for a newborn child? At the moment of birth What is the required renewability status of all Medicare supplement policies? Guarante...

AMCA Certification Exam Questions and Answers 100% CorrectAMCA Certification Exam Questions and Answers 100% CorrectAMCA Certification Exam Questions and Answers 100% CorrectAMCA Certification Exam Questions and Answers 100% Correct Empathy - ANSWER-Having an understanding and compassion for what the patient may be experiencing Established Patient - ANSWER-Has been seen by the physician within 3 years New Patient - ANSWER-Hasn't been to the physician in 3 years CMS - ANSWER-Center...

AMCA Certification Exam 2024 New Questions 2024 with 100% Correct Answers | Verified | Latest Update | 100% Pass| Already Graded A+ Empathy Having an understanding and compassion for what the patient may be experiencing Established Patient Has been seen by the physician within 3 years New Patient Hasn't been to the physician in 3 years CMS Center for Medicare and Medicaid services HIPAA Title I Healthcare Access, Portability and Renewability HIPAA Title II Preventing Health Care Fraud a...