Nc accident and health Study guides, Class notes & Summaries

Insurance - ️️a plan of spreading the risk of possible loss over a large number of people Representation - ️️information believed to be true to the best of one's knowledge Agents - ️️Representatives of the INSURER - represents single insurer Brokers - ️️Representatives of the INSURED - represents multiple firms Unilateral Contract - ️️Type of contract that is an exchange of an act for a promise - i.e. - the INSURED may discontinue coverage at any time and the INS...

NC Accident and Health Final Exam Prep Complete Questions And Answers |Verified

The period in which illness-related disabilities are excluded from coverage. correct answers Probationary period An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. correct answers Relative value approach Which type of policy allows the policyowner to renew the policy to a stated age without evidence of insurability, but allows for the insurance company to raise the pre...

NC Insurance Licensing Exam Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums 10 Under a Renewable Term policy, the renewable premium is calculate...

NC Accident and Health Exam Questions with 100% Correct Answers | Latest Update 2024 | Verified

List four way to submit criminal fingerprint cards and final disposition reports to the Identification Section of the State Bureau of Investigation (SBI) - Answer- First Class Mail Courier Service In Person Electronic Transmission (live-scan) The most reliable form of identification - Answer- fingerprints Fingerprints are the primary source for... - Answer- Criminal History A report of disposition and fingerprint cards should be sent to the AOC and then to the SBI by who? - Answer-...

Which of these statements concerning an individual Disability Income policy is TRUE? - ANSWER-Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - ANSWER-Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - ANSWER-Determined by the terms of...

Which of these statements concerning an individual Disability Income policy is TRUE? - Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - Determined by the terms of the policy An ins...

NC Accident and Health Final Exam Questions & Answers 2024(A+GRADED 100%VERIFIED)

Which of these statements concerning an individual Disability Income policy is TRUE? - Answer Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - Answer Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - Answer Determined by the te...