Health ins - Study guides, Class notes & Summaries

Kentucky Life and Health Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The only party in an insurance contract that makes a legally enforceable promise is the insurance company. Because of this, insurance contracts are considered to be: conditional aleatory unilateral contracts of adhesion Answer: unilateral Insurance contracts are unilateral. This means that only one party (the insurer) makes any kind of ...

Alabama Life and Health Insurance Exam Questions and Answers [2023 - 2024] (Verified by Expert) Alabama Life and Health Insurance Exam Questions and Answers [2023 - 2024] (Verified by Expert)

Ohio Health Insurance Exam Questions and Answers 100% Correct Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider All of the following are included as part of...

ARIZONA LIFE AND HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - correct answer Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - correct answer 9:00 PM A health plan offered by private insurance companies is - correct answer Medicare Supplement Chris has a single major medical contract which c...

Texas Life and Health Insurance Exam Questions and Answers (Verified Solutions) 2023

KENTUCKY HEALTH INSURANCE EXAM TEST BANK | ALL CURRENTLY TESTING EXAM QUESTIONS AND PREDICTED QUESTIONS WITH ACCURATE AND DETAILED ANSWERS WITH RATIONALES | EXPERT VERIFIED FOR GUARANTEED PASS

term insurance Answer - temporary protection because it only provides coverage for a specific period of time face amount Answer - death benefit 3 basic types of term coverage Answer - level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? Answer - regardless of type of term insurance purchased, premium is level throughout the term of policy level term insurance Answer - death benefit does not change throug...

Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) Answers>>Guaranteed insurability rider A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates or events without evidence of insurability. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered Answers&...

TEST BANK for Understanding Health Insurance: A Guide to Billing and Reimbursement, 2023 Edition 18th Edition Michelle Green TABLE OF CONTENTS 1. Health Insurance Specialist Career. 2. Introduction to Health Insurance and Managed Care. 3. Introduction to Revenue Management. 4. Revenue Management: Insurance Claims, Denied Claims and Appeals and Credit and Collections. 5. Legal Aspects of Health Insurance and Reimbursement. 6. ICD-10-CM Coding. 7. CPT Coding. 8. HCPCS Level II Coding. 9...

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