Force placed insurance - Study guides, Class notes & Summaries

A _____ is created containing the name, address, and phone number of both the vendor and the medical practice. It will also have a preassigned number to track the order, the quantity of items ordered, the price of the items, and the date purchased. - Answer- Purchase Order Periodically, the medical assistant should check all equipment in the office to ensure that courts are not afraid, do not present hazards, and are in good working order. A _____ will help the medical assistant track this ro...

Which of the following death benefits is paid out to the beneficiary income tax free? - Life insurance when the insured dies while the policy is in force Guaranteed Renewable means: - Renewable with adjustable premiums, by classification only A whole life policy: - Requires the insured to pay premiums for life and endows at age 100 A policy that pays surgical expense benefits does not schedule the approved benefit payable for every type of surgery. Instead, surgeries not listed are paid on ...

Pennsylvania Laws and Rules Chapter 12 Questions and Answers Already Passed What is the purpose of the Pennsylvania Life and Health Insurance Guaranty Association? 1) Assist an applicant choose the best insurer 2) Assist an applicant choose the right amount of coverage 3) Provide each policyowner a buyer's guide and policy summary 4) Provide policyowner protection if an insurer becomes insolvent Provide policyowner protection if an insurer becomes insolvent Viatical settlement br...

Boiler Room - An outbound call center; sells questionable investments. Extortion - Acquiring through force or fear. Current Ratio - Current assets divided by current liabilities; Embezzlement decreases ratio; Liability concealment increases ratio. Scooter Scam - Billing for low quality/unnecessary products. Sliding - Adding insurance coverage without notifying client; insurer makes more money, client makes no claims. Debits - Increases asset/expense accounts; On the left side; Decreases l...

214 FLORIDA INSURANCE COMPLETE RETAKE EXAM STUDY SET Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - CORRECT ANSWER-Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - CORRECT ANSWER-Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal gove...

214 Florida Insurance Exam Questions And Answers (100%Solved Correctly). Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defini...

The Coordination of Benefits Provision is designed to: - Give insureds as much coverage as possible while eliminating overinsurance . An insured allows a permanent policy to lapse. Unless otherwise instructed, the insurance company: - Will automatically institute the extended term option A policy that pays surgical expense benefits does not schedule the approved benefit payable for every type of surgery. Instead, surgeries not listed are paid on the basis of a comparison to one or more type...

J's Major Medical policy has a $2000 deductible and an 80/20 coinsurance clause. If J is hospitalized and receives a bill for $10,000, j would pay - Answer 3,600 (2k + 20% of thr remaining bill) Life insurance that covers an insured's whole life with level premiums paid over a limited time is called: - Answer Limited Pay Life What is the purpose of the Missouri Life and Health Insurance Guaranty Association? - Answer Ensures that claims filed against insolvent insurance companie...

J's Major Medical policy has a $2000 deductible and an 80/20 coinsurance clause. If J is hospitalized and receives a bill for $10,000, j would pay -ANSWER 3,600 (2k + 20% of thr remaining bill) Life insurance that covers an insured's whole life with level premiums paid over a limited time is called: -ANSWER Limited Pay Life What is the purpose of the Missouri Life and Health Insurance Guaranty Association? -ANSWER Ensures that claims filed against insolvent insurance companies will be pa...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Answer Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Answer Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - Answe...