Premium comp - Study guides, Class notes & Summaries

health insurance - Answer broadly covers many risks, such as the loss of income because of disability; the costs of medical care and treatment; and the costs of care not covered by government plans hazards - Answer a condition that increases the number of or the severity of losses managed care providers - Answer provide their insured with health care directly through a network of health care providers government plans - Answer in relation to health insurance, government plan...

PA property and casualty test prepIn a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance prot...

Disability Buy-Out plans feature: - ANSWER Long elimination plans up to two years (A disability buy-out plan funded with disability insurance has a long elimination period of generally two years. The elimination period begins the day of the disability. Then the disability policy will provide a lump sum to buy the disabled partner out. They want to make sure that the partner is not going to recover and come back to work) When MUST the Office of Insurance Regulation conduct a market conduct exa...

California Property and Casualty Exam Questions and Answers 100% Pass Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Correct Answer ️️ -Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - Correct Answer ️️ -Three years...

California Property and Casualty Exam Questions with Verified Solutions 2024 Which of the following is incorrect? Part A covers long term care Part A covers hospital care Part B covers physicians Part B requires monthly premium payments - Answer -Part A covers long term care Medical payments coverage under the personal auto policy applies for medical bills insured up to how long after an accident? One year Five years Three years Two years - Answer -Three years Workers Comp. Part. I ...

Medicare - Answer-Health insurance for those over age 65, people under 65 with certain disabilities & those with ESRD (end stage renal disease - permanent kidney failure requiring dialysis or kidney transplant) CMS - Answer-Centers for Medicare and Medicaid Services administers the Medicare program. Social Security Administration handles most of the enrollment & plays a role in claims appeal process. MAC - Answer-Medicare Administrative Contractor - company contracted to administer Part A &...

health insurance - Answer broadly covers many risks, such as the loss of income because of disability; the costs of medical care and treatment; and the costs of care not covered by government plans hazards - Answer a condition that increases the number of or the severity of losses managed care providers - Answer provide their insured with health care directly through a network of health care providers government plans - Answer in relation to health insurance, government plan...

UNDERWRITING - ANSWER classifies the applicant based upon the underwriting requirements INSURABLE INTEREST - ANSWER an economic interest in a property that must exist at the time of loss (you can insure the equity interest in your own home) of the insurer; matches the risk presented with the premium charged by the insurer LOSS RATIO - ANSWER percentage of claims paid in comparison to total premiums collected during a particular period of time RATES - ANSWER set by the insurer at a level...

State Farm License Question and answers 2024/2025 verified to passStandard Fire Policy - correct answer - the policy written for both Personal Lines (residential home or dwelling) or as Commercial Lines (official building) are the same! - fire insurance is another name for property insurance - can insure the building structure and/or the personal property. - not a HO policy since it does not cover theft of content and does not have liability coverage - never sold w/o adding Endorsement t...

NC Medicare Supplement & Long Term Care Insurance Licensing Exam Questions and Answers 100% Pass Medicare - Correct Answer ️️ -Health insurance for those over age 65, people under 65 with certain disabilities & those with ESRD (end stage renal disease - permanent kidney failure requiring dialysis or kidney transplant) CMS - Correct Answer ️️ -Centers for Medicare and Medicaid Services administers the Medicare program. Social Security Administration handles most of the enrollment &...