What is a payor - Study guides, Class notes & Summaries

What has changed for Healthcare Analytics? - Answer- 1 - Increased computing power and storage, decrease in cost; 2 - increased abundance of data in healthcare; 3 - increase in individuals having strong competencies Big Data - Answer- Refers to the Growth in available data, massive continually increasing volume of live and stored data for analysis; and the increase in tools available for highly sophisticated ways to combine and analyze data to yield new information and insights. (Size Sco...

NJ Life Producer Exam Correct answers latest update Which of the following amounts must decrease in a decreasing term? Death benefit In life insurance, insurable interest must exist at the time the.. Producer writes an on a proposed insured An applicant makes an offer to the insurer when they pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? Premium Schedule An insurer that...

Carefully read the case below, from your prescribed reading list, and answer the following questions: Joint Stock v Absa Bank 2008 (4) SA 287 (SCA) The allocation of marks for this case discussion is as follows: 1. Briefly outline the key facts of the case (3) 2. What were the main arguments by the concerned parties (2) 3. Summarise the decision of the court (meaning the reasons for the decision of the court) (4) 4. Provide your critical comment on this decision, in particular the finding...

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 loss c. employee theft d. loss of use Loss o...

Mississippi Life and Health Final Exam Actual Questions and Answers 2023 Complete What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union employee A producer must report to the Commissioner of Insurance any administrative action or criminal cha...

EPIC CERTIFICATION QUESTIONS AND ANSWERS 100% PASS What is Chronicles, and is it unique to Epic's clinical products? Chronicles is Epic's database management system and is used by all its software applications. Fill in the blanks: Master files contain ___________. If you compare two records in the same master file, you find that the _________ are the same, but the ___________ can be different. Records, items, values True or False: Hyperspace does not store patient data. True 1. Using the fi...

NM LIFE INSURANCE FINAL EXAM 2024/2025 How is the uninsured protected if a payor benefit is attached to the life insurance policy? - Precise Answer premium payments are waived in the event the premium payor dies or becomes disabled Which of the following health care plans charges a premium that cannot be increased? - Precise Answer Noncancelable What is the effect of the market value adjustments in a market value adjustment annuity? - Precise Answer Transfers some of the investment risk...

AHIP Final Exam Test Questions and Answers (2023/2024) (Verified AnswersMr. Davis is 52 years old and has recently been diagnosed with end-stage renal disease (ESRD) and will soon begin dialysis. He is wondering if he can obtain coverage under Medicare. What should you tell him? Correct answers He may sign-up for Medicare at any time however coverage usually begins on the fourth month after dialysis treatments start. Juan Perez, who is turning age 65 next month, intends to work for several mo...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

A non-contributory plan requires _________ participation of all eligible employees - Answer-100% A characteristic of preferred provider organizations (PPOS) would be: - Answer-Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? - Answer-Commerce Additional coverage can be added to a whole Life policy by adding a(n): - Answer-decreasing term rider What benefit does the payor clause on a Juvenile Life policy p...