Nc accident - Study guides, Class notes & Summaries

NC Accident and Health Final Exam Questions & Answers 2024(A+GRADED 100%VERIFIED)

The period in which illness-related disabilities are excluded from coverage. correct answers Probationary period An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. correct answers Relative value approach Which type of policy allows the policyowner to renew the policy to a stated age without evidence of insurability, but allows for the insurance company to raise the pre...

NC Accident and Health or Sickness Agent Exam Prep

The period in which illness-related disabilities are excluded from coverage. - Answer Probationary period An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. - Answer Relative value approach Which type of policy allows the policyowner to renew the policy to a stated age without evidence of insurability, but allows for the insurance company to raise the premium on th...

NC ACCIDENT AND HEALTH EXAM, QUESTIONS WITH ANSWERS.

NC Accident and Health Final Exam Prep

NC Accident and Health Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified

Insurance - a plan of spreading the risk of possible loss over a large number of people Representation - information believed to be true to the best of one's knowledge Agents - Representatives of the INSURER - represents single insurer Brokers - Representatives of the INSURED - represents multiple firms Unilateral Contract - Type of contract that is an exchange of an act for a promise - i.e. - the INSURED may discontinue coverage at any time and the INSURER can not enforce the conti...

Which of these statements concerning an individual Disability Income policy is TRUE? - Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - Determined by the terms of the policy An ins...

NC Accident and Health or Sickness Exam Prep (Group 4)