ExamFX Study Quiz 2

The premiums paid to the BOE policy are tax deductible to the business as a business expense

The agent must collect the premium and obtain a statement of continued good health when:

Benefits for loss of income after a total disability, but cannot yet work at a pre-disability level

An offer by one party where the other party must accept the offer in it's exact terms is called:

HMO's require you to have a Primary Care Physician

Most individual health insurance policies are not issued guaranteed renewable

This policy is issued to the group sponsor, while the individual insureds are issued certificates

COBRA - after the death of the employee, divorce or legal separation, the dependents are extended coverage for __ months

One party prepares the contract; the other party must accept it as is

Covers the cost of running the business if disabled and pays for business rent, insurance, and utilities

Insurable interest in life and health insurance, is required at the time of policy issuance.

Information obtained through an investigation and interviews with associates, friends, neighbors

Insurer seeks recovery of the amount paid to the insured from a third party who caused the loss

In Relative Value each surgical procedure is assigned a number of points for maximum benefit

PPO plan members do not have to use only in-network providers for their care.

The _______________ represents the total amounts payable per point of the relative value

An Attending Physician's Statement (APS) is required:

An exchange of unequal amounts or values.

Aleatory

Insurers cannot refuse coverage solely on basis of adverse information on an MIB report.