Taxation of ltc insurance - Study guides, Class notes & Summaries

California Life, Accident, and Health Licensing 232 Questions with Answers Co-insurance - CORRECT ANSWER The policy provision which requires the insurer and the insured to share in the cost of services rendered Exclusion ratio - CORRECT ANSWER The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy - CORRECT ANSWER When a disability income policy provides coverage for injuries which occur on and off the job ...

Pre-Existing Condition - ANSWER -To Prevent avoid adverse selection. -A is a medical condition for which an insured sought medical attention, treatment, or advice for symptoms or for which should have sought medical advice/treatment in the previous 6 months. -For individual policies, the exclusion can not exceed 24 months, for group policies 12 months, and for late enrollees in group plans, 18 months. Exclusions found in Basic and Major Medical - ANSWER -Injuries due to war or military co...

The FCRA requires insurers that seek a credit report to notify the applicant about the request within three days. The requestor must disclose what the report will cover and must notify the applicant that s/he may request a summary of what the requestor learned in the credit report. The summary must be provided within five business days of the request. Immediate Annuity - ANSWER An immediate annuity is purchased only to distribute guaranteed income. Because immediate annuities are bought with ...

Health and Life Insurance 4 Exam Practice Questions and Answers A policyowner is reading a statement on the first page of his health insurance policy, which says "this is a limited policy." What is the name of this statement? - Answer️️ - Limited Policy Notice What is the main purpose of the regulation on life insurance policy illustrations? - Answer️️ -To help customers make educated decisions in buying life insurance This state provides for a temporary license for all of the f...

NAB-NHA Line of Service Exam 2024 Diagnosis - ANS identification of a disease or condition Symptom - ANS A change in body function Condition that lasts for a long time - ANS Chronic Method to treat a disorder - ANS Modality Likely outcome of a condition - ANS Prognosis Intense and often fatal condition - ANS Acute Progressive disease affecting motor neurons - ANS Amyotrophic lateral sclerosis Condition with no known cause - ANS Idiopathic Condition in which tis...

Kentucky Health Insurance Exam Study Set Questions With Complete Answers. The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date A. As of the application date All of the following are true about group disability income insura...

1. What are the 4 settings for prescriptive authority? Describe the requirements in each setting for physician supervision, # of NPs, chart review, and any other special requirements in that site. correct answer- 1. Medically Underserved 2. Physician Primary Site 3. Physician Alternate Site 4. Facility Based Practice Site. * General requirements per TBON rule 222.5: regular visits, chart review as determined by APRN & physician, periodic face to face meeting of APRN & physician to discuss pt...

The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date - answer-A. As of the application date All of the following are true about group disability income insurance EXCEPT: A. The waiting period starts at the onset of the injury...

CH 9 VA State Health and Insurance Exam, Questions and answers. 100% verified. Rated A Document Content and Description Below CH 9 VA State Health and Insurance Exam, Questions and answers. 100% verified. Rated A When a disabled dependent child reaches the age limit for coverage, how long does the policyowner have to pr ovide prrof of dependency in order for the dependent to remain covered under the policy? A) 10 days B) 15 days C) 31 days D) 60 days - C) 31 days All other factors being equal,...

webce insurance exam Questions and Answers “Which of the following exempted insurance companies from federal antitrust legislation? - Correct answer the McCarran-Ferguson Act" " Which of the following has primary responsibility for regulating the insurance industry? a. the states - Correct answer " "Which statement about the NAIC is correct? - Correct answer The NAIC prepares model laws, regulations, and guidelines for adoption by the states." " The NAIC issued a model law ...