Terminating the insurance - Study guides, Class notes & Summaries

Midterm Exam: EDF6557/ EDF 6557 (Latest 2024/ 2025 Update) Ethics in Applied Behavior Analysis Review| Qs & As| 100% Correct| Grade A (Verified Answers) Q: Can we waive co-pays? Answer: Co-pays are part of the contract in which the insured person agrees to participate in their own care. •Waiving or ignoring co-pays violates the contract and may result in the insurance company terminating the providers contract and any other penalties available to the insurer under their contract an...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis correct answers A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion correct answers B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employ...

Unauthorized entities present a regulatory concern because they have the potential for __________ claims. - Unauthorized entities present a regulatory concern because they have the potential for unpaid claims. True or False? Willfully over insuring a health or property policy can be grounds for terminating an insurance license. - True. Willfully over insuring a health or property policy can be grounds for terminating an insurance license. The following are required to be on an application of i...

SOUTH CAROLINA LIFE/HEALTH FINAL EXAM 2 2024 WITH 100% CORRECT ANSWERS Any of the following transactions will be subject to federal income tax consequences in a modified endowment contract (MEC), EXCEPT: Select one: a. Policy loans b. Policy withdrawals c. Partial withdrawals d. Death proceeds - correct answer Death proceeds Death benefits are the only payment not affected by the federal law regarding modified endowment contracts. What are the rules for genetic testing and healt...

Unauthorized entities present a regulatory concern because they have the potential for __________ claims. - Unauthorized entities present a regulatory concern because they have the potential for unpaid claims. True or False? Willfully over insuring a health or property policy can be grounds for terminating an insurance license. - True. Willfully over insuring a health or property policy can be grounds for terminating an insurance license. The following are required to be on an application of i...

Any licensee who ceases to maintain his or her residency in North Carolina must deliver his insurance license or licenses to the Commissioner by personal delivery or by mail within _____ days after terminating residency. - Answer 30 days The Commissioner may issue a temporary insurance producer license for a period of ____ days or longer for good cause without requiring examination. - Answer 180 days

CMCA PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS Preparing a bid request includes which of the following: A. Verifying References. B. Identifying potential contractors. C. Recommending a contractor to the board. D. Verifying contractor insurance. B Legal review prior to executing a contract will assist the association in the event that: A. A subcontractor is used. B. A performance bond is required. C. There is a budgetary shortfall. D. The board has questions or concerns. D Rather tha...

AL P&C University of Alabama Study Guide Questions and Answers Rated A+ If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion B. Nonrenewal Which is the best example of an indirect loss? A...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis - answer-A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion - answer-B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employ

Alabama Property and Casualty Exam Questions and Answers Rated A If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability l...