Nonparticipating plan - Study guides, Class notes & Summaries

What is postmortem dividend? - A dividend earned, but not yet paid, in the year of the insured's death and paid with the death claim A life annuity with period certain pays the annuitant - Until death and then the beneficiary if the certain period has not been exceeded. A joint life policy can have many uses some of these could include? - 1. To cover two lives on the same policy 2. To pay estate taxes when the second spouse dies 3. To pay off a home mortgage should one of the working spo...

AAPC CPB Practice Exam Joe and Mary are a married couple and both carry insurance from their employers. Joe was born on February 23, 1977 and Mary was born on April 4, 1974. Using the birthday rule, who carries the primary insurance for their children for billing? A. Joe, because he is the male head of the household. B. Mary, because her date of birth is the 4th and Joe's date of birth is the 23rd. C. Mary, because her birth year is before Joe's birth year. D. Joe, because his birth...

WFG EXAM QUESTIONS AND ANSWERS 100% PASS Which of the following is true in regard to health insurance issued on a group basis? a. All eligible members must be covered under a "non-contributory" group health plan b. All eligible members must be covered under a "contributory" group health plan c. No less than 50% of the eligible employees must elect to participate in the plan if it is considered a "contributory" plan d. No less than 75% of the eligible employees must elect to participa...

Joe and Mary are a married couple and both carry insurance from their employers. Joe was born on February 23, 1977 and Mary was born on April 4, 1974. Using the birthday rule, who carries the primary insurance for their children for billing? A. Joe, because he is the male head of the household. B. Mary, because her date of birth is the 4th and Joe's date of birth is the 23rd. C. Mary, because her birth year is before Joe's birth year. D. Joe, because his birth month and day are before Mary...

Iowa Insurance Exam Graded A+ Reserve ️funds held by a company to help fulfill future claims. Minimum Reserves are usually set by the state Department of Insurance Multi-line Insurer ️an insurance company or independent agent that provides a one-stop shop for businesses or individuals seeking coverage for all their insurance needs stock companies ️insurance companies owned and controlled by a group of stockholders whose investment in the company provides the safety margin neces...

Which is required of outpatient physical, occupational, and speech therapy services as part of an OPAP? a. preadmission certification b. precertification c. preadmission testing d. prospective review - precertification Which phrase is located on a Federal Employee Program plan ID card? a. Family, High Option Plan b. Preferred Provider Organization c. Office of Personnel Management d. Government-Wide Service Benefit Plan - Government-Wide Service Benefit Plan Which is a program that req...

A person covered with an individual health plan is issued a policy is issued a certificate of medical costs does not contract directly with the insurance company is not subject to medical underwriting Correct Answer A person covered by an individual health plan is issued a policy. All Health Benefit Plans issued after January 1, 2014 must provide long-term care dental care adult vision care preventative health services Correct Answer preventative health services Preventa...

Joe and Mary are a married couple and both carry insurance from their employers. Joe was born on February 23, 1977 and Mary was born on April 4, 1974. Using the birthday rule, who carries the primary insurance for their children for billing? A. Joe, because he is the male head of the household. B. Mary, because her date of birth is the 4th and Joe's date of birth is the 23rd. C. Mary, because her birth year is before Joe's birth year. D. Joe, because his birth month and day are before...

AAPC CPB Practice Exam (500 Questions, All Answered Correctly) Updated Joe and Mary are a married couple and both carry insurance from their employers. Joe was born on February 23, 1977 and Mary was born on April 4, 1974. Using the birthday rule, who carries the primary insurance for their children for billing? A. Joe, because he is the male head of the household. B. Mary, because her date of birth is the 4th and Joe's date of birth is the 23rd. C. Mary, because her birth year is bef...

1 OHIO STATE EXAM LIFE AND HEALTH INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ What is the name of the provision which states that a copy of the application must be attached to the policy when issued? - -Entire Contract Which of the following is INELIGIBLE to participate in a Section 125 Plan? - -An S-Corp Owner with a greater than 2% share The reinstatement provision in a health insurance policy is - -mandatory A nonparticipating policy will - -not pay dividends Erica is 35...