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Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? - Free Look When will a policy pay on a UCR basis? - When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? - long term care rider Which of the following is exem...

Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's life value? A. Insured's annual expenses B. Effect of inflation on income over time C. Predicted needs of the family after the insured's death D. Insured's current and future income - C. Predicted needs of the family after the insured's death. The Human Life Value Approach to determining the value of an individual's life requires the calculation of probable future earnings of ...

Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? - 30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - 30 A signed good health statement may be requested by a life producer at the time of - Policy Delivery Carol purchases a whole life policy that provides a choice of dividend options. This policy is required to include a state...

Accident - An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Adhesion - "A contract offered on a ""take-it-or-leave-it"" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured." Adverse Selection - The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probabilit...

In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and other pertinent information for a period of: - The law requires that these records be maintained for inspection and/or review for at least six years. Which of the following relieves the financial burden on the claimant by making certain payments to the claimant even before the claim is negotiated? - Advance Payment. EXPLANATION: Most adjusters are given the authority to make advance pay...

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the future 2.Yes, however; she would have a permanent premium penalty when she does enroll 3.No, this is a take or leave it situation 4.Yes, but she would have to show evidence of good health. - Yes, ...

If an insurance company obtains an investigative consumer report on a prospective insured , it MUST inform the prospect that it is permitted to do so under which of the following Federal laws ? - The Fair Credit Reporting Act What is the Fair Credit Reporting Act? - established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant, and properly used Obtaining consumer information reports under false pretenses is pro...

How many eligible employees must be included in a contributory health insurance plan? - 50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim, - The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COBRA? - 36 months Twenty-five days after a health insurance policy is delivere...

base placement - Refers to the position of the rod in relation to its base section; base is determined by the angle at which the hair is wrapped. on base placement - Base control in which the hair is wrapped at a 45-degree angle beyond perpendicular to its base section, and the rod is positioned on its base. (greater volume) half of base placement - hair is wrapped at a 90° perpendicular to its base section rod is positioned half off its base section minimize stress and tension on hair ...

The Deepest layer of the epidermis, the basal cell layer, is also known as the - Stratum Germinativum The layer of skin that is composed of several layers of different-shaped cells and is responsible for the growth of the epidermis is the: - Stratum Germinativum Cosmetology professionals are only allowed to use products that remove dead skin from the: - stratum corneum The layer of skin that we see and is treated by the practitioner is the: - Corneum The fatty layer found below the der...