Missouri health insurance Study guides, Class notes & Summaries

Consideration - Answer something of value that each party gives to the other Warranty - Answer absolutely true statement upon which the validity of the policy rests Representation - Answer statements believed to be true to the best of one's knowledge but not guaranteed to be true. misrepresentations - Answer untrue statements that void the policy material misrepresentation - Answer a statement that, if discovered, would alter an insurance company's underwriting decision. ...

Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud - ANS - Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal premium within the time granted by the insurer. K then sends in a payment which the...

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Missouri Life and Health Insurance Exam 100% Correct!!!

Missouri Life and Health Insurance Exam Questions And Answers latest Updated 2024/2025 | 100% Verified. In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - Answer insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - Answer when the enrollee's life or health is jeapordized The Consideration claus...

WGU C426 Healthcare Values and Ethics Rated A+ Normative Ethics Attempt to determine what moral standards should be followed so that human behavior and conduct may be morally right. Consequential Ethics Theory of ethics emphasizes that the morally right action is whatever action leads to the maximum balance of good over evil. - What will be the effects of each course of action? - Will they be positive or negative? - Who will benefit? - What will do the least harm? Utilitarian Ethics The conce...

Missouri Life And Health Insurance State Exam – A+ - Q&A

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Missouri Life and Health Insurance State Exam Simulator- 200+ questions