Webce Insurance test /WebCE Practice Exam /WebCE Quizzes/Health Insurance Exam /Group EB /Insurance Basics Exam/Introduction to Insurance Exam /WebCE Quizzes: General Insurance & Life Insurance Exam Bundled Solutions Pack

Insurance - ANSWER-A contract or device for transferring risk from a person, business or organization to an insurance company that agrees, in exchange for a premium, to pay for losses through an accumulation of premiums. Insured - ANSWER-A person or organization covered by insurance. Insurer -...

Conditions - ANSWER-The policy provisions that qualify or limit the insurance company's promise to pay or perform. Declarations (Dec) Page - ANSWER-Summary of key details of the policy. Definitions - ANSWER-Words used in the policy along with definitions; they may be in italics or bold print ...

Reimbursement health insurance policies, in contrast to valued health insurance policies, pay benefits based on the federal government's rates for reimbursement the cost of the medical care received the limits of coverage a flat daily amount - ANSWER-the cost of the medical care received T...

Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? limited medical policy basic hospital expense policy comprehensive major medical insurance supplementary major medical insurance - ANSWER-comprehens...

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER-10 days Abby lives in Ohio, where she is lic...