A health insu - Study guides, Class notes & Summaries

Insurance a contract in which one party (the insurance company) agrees to "make whole" the insured party against loss, damage or liability arising from an unlikely event In ___________ insurance, the policy protects survivors from losses suffered after the insured's death Life Insurance __________ the risk of loss from an individual or business to an insurance company Transfers Risk the uncertainty or chance of a loss occurring Pure Risk situations that can only result in a loss or no ...

Florida Health Insurance 2-40 Practice Test bank Actual Exam Questions and Answer Rated A+

Florida Health Insurance Exam Questions and Answers Latest 2024/2025 (GRADED A) Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - ANSWER Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) G...

Florida Health Insurance Practice Exam Questions and Answers Latest 2024/2025. Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - ANSWER Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Gr...

Pure correct answersInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk correct answersThe chance of loss without any chance of gain is called ___________ Speculative Risk correct answershas the possibility for gain or loss and is not insurable. Risk correct answersis defined as the chance of loss. Exposure correct answersA condition that could result in a loss is known as Hazard correct answersis something...

Absolute - Answer An assignment that occurs when the policy owner assigns all rights including cash values to another person or entity. Synonymous with voluntary assignment. Absolute Value - Answer A medical expense plan that pays a fixed maximum dollar amount for a procedure. Accelerated Benefit Rider - Answer Life insurance rider which allows the insured to receive a portion of the death benefit prior to death if the insured has a terminal illness. Accidental Bodily Injury - ...

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Alabama Health Insurance Exam with correct Answers

Florida Health Insurance 240 Chapters 6 – 8 Already Passed Which renewability best describes a Disability Income Policy that covers an individual until the age of 65, but the insurer has the right to change the premium rate for the overall risk class? Guaranteed Renewable Describe a Guaranteed Renewable Health Insurance policy. The premiums normally increase at time of renewal for the entire class; renewed without proof of insurability; benefits and coverage are not changed According to Flo...

Florida Health Insurance 2 – 40 Practice Exam 2 Questions With Detailed Answers