Reinstatement provision - Study guides, Class notes & Summaries

DE MPJE QUESTIONS AND ANSWERS 2023 how many intern hrs needed for pharmacist licesnure? 1500 - 1000 from hospital and retail - 500 from other areas what is the max amount of opioids a practitioner can prescribe outpatient to an adult patient for the first time or to a minor? 7 days supply Controlled substance authority for NPs can prescribe, administer, dispense, and procure C2-C5 definition of dispensing the interpretation, evaluation and implementation of a prescrib...

What is the benefit of choosing extended term as a nonforfeiture option? - Answer- It has the highest amount of insurance protection Upon the death of the insured, the primary beneficiary discovers that the insured chose the interest only settlement option. What does this mean? - Answer- The beneficiary will only receive payments of the interest earned on the death benefit If a life insurance policy has an irrevocable beneficiary designation, - Answer- the beneficiary can only be changed w...

PSI INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS What is it called when a life insurance policy pays a multiple of the coverage amount when certain types of accidents occur? - Precise Answer multiple indemnity Upon the issuance of a conditional receipt for a renewal when the premium is paid AFTER the time granted by the insurer, what is the maximum amount of time for reinstatement of the policy? - Precise Answer 30 days Which of the following statements regarding a pure life annu...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

OHIO LIFE ONLY EXAM 2024 WITH 100% CORRECT ANSWERS Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments? - correct answer Period certain What happens when an insurance policy is backdated? - correct answer The policy's probation period is earlier than the present What is an insurer required to do when faced with an error made under the Misstatement of Age provision? - correct answer Pay age-corrected benefits An insurer will acc...

72 - Answer Within how many hours after the occurrence of death shall the funeral director present the completed certificate of death to the local registrar? 24 - Answer If cremated remains have not been claimed by the agent, the operator of a crematory may dispose of the remains after how many months? Semiannually - Answer Each licensed embalmer who has under his/her supervision a person serving as an apprentice embalmer must file a report of apprenticeship with the secretary of the Board...

What is the benefit of choosing extended term as a nonforfeiture option? - It has the highest amount of insurance protection Upon the death of the insured, the primary beneficiary discovers that the insured chose the interest only settlement option. What does this mean? - The beneficiary will only receive payments of the interest earned on the death benefit If a life insurance policy has an irrevocable beneficiary designation, - the beneficiary can only be changed with written permission o...

What must the policy summary in a life insurance policy include?1. conditional receipt and the insurer's home office address2. reserve deposits.3. the name and address of the insurance agent or broker4. definition of replacement. the name and address of the insurance agent or broker Which of the following statements is CORRECT about Medicare Supplement Insurance?1. An agent must provide an outline of coverage to an insured at the time of policy delivery.2. If an applicant has an existing ...

Life and Health Insurance Exam (Missouri) Questions and Answers 100% Solved Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud ️️Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal prem...

What is the maximum age for a dependent child? A. 16 B. 19 C. 21 D. 26 - Answer 26 What do employers generally require their employees to work to be covered under a group plan? A. 50 hours per week B. 30 hours per week C. 20 hour per week D. 25 hours per week - Answer 30 hours per week What is covered immediately after reinstatement of a policy? A. Accidental injuries B. Sickness C. Diseases D. Illnesses - Answer Accidental injuries A delay in a premium is most like...