Which of the following actions will an insurance company most likely not take if an applicant who has diabetes applies for a disability income policy?
Asked by: Sadie Connelly | Last update: February 11, 2022Score: 4.4/5 (60 votes)
Which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for a Disability Income policy? The correct answer is "Issue the policy with an altered Time of Payment of Claims provision".
Which of the following correctly explains the actions of an agent should take if a customer wants to apply for an insurance policy?
Which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance policy? Complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
Which of these actions should a producer take when submitting an insurance application to an insurer?
Terms in this set (51) What action should a producer take if the initial premium is NOT submitted with the application? The correct answer is "Forward the application to the insurer without the initial premium". In this situation, the producer should submit the application to the insurance company without the premium.
What mode of payment is not used for health insurance?
Which mode of payment is NOT used by health insurance policies? Single premium is not used when paying for health insurance policies.
Which of the following best describes how pre-admission certification is used quizlet?
Which of the following BEST describes how pre-admission certifications are used? Used to prevent nonessential medical costs. Pre-admission certification is used to prevent unnecessary medical costs.
3 Things LTD Claimants Feel When Dealing With Insurance Company - Disability Law Show: S1 E20
Which of the following actions will an insurance company most likely?
Which of the following actions will an insurance company most likely NOT take if an applicant, who has diabetes, applies for a Disability Income policy? The correct answer is "Issue the policy with an altered Time of Payment of Claims provision".
What best describes how pre admission certification is used?
Pre-admission certification – also called pre-certification review, or pre-admission review – refers to approval by a case manager or insurance company representative (usually a nurse) for a person to be admitted to a hospital or in-patient facility, granted prior to the admittance.
What happens when someone does not have health insurance?
People without health insurance in California must pay a penalty of $750 per adult and $375 per child. However, residents can claim a coverage exemption for the filing situations: Household income below the state threshold. Time without coverage was three consecutive months or less.
What happens when someone doesn't have health insurance?
Without health insurance coverage, a serious accident or a health issue that results in emergency care and/or an expensive treatment plan can result in poor credit or even bankruptcy.
What can insurance protect you from?
It provides protection against theft, damage from perils like fire and water, and financial responsibility that could result from a visitor or guest being accidentally injured on your property.
What are the factors taken into consideration in insurance company?
Description: Insurability of an individual or object is ascertained depending upon the norms and policies of the insurance company. The various factors that are taken into consideration include risk profile, life expectancy, proneness to disease, injury or accidents, etc.
Which of the following is an important underwriting principle of group life insurance?
An important underwriting principle of group life is that all or a large percentage of persons in the group must be covered by the insurance.
What is the initial source of underwriting for an insurance policy?
Your application: The basic source of underwriting information is your completed application for term insurance. The questions on the application are designed to give the insurer much of the information needed to make a decision.
Which of the following life insurance policies combine term insurance with an investment element?
Universal life is a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return. To get a higher return, these policies generally don't guarantee a certain rate.
Which of the following statements describes the purpose of the insuring clause in health and accident policies?
Which of the following statements describes the purpose of the Insuring clause in Health and Accident policies? States the scope and limits of the coverage.
Which of the following is the reimbursement of benefits for the treatment of a beneficiaries injuries caused by a third party?
Which of the following is the reimbursement of benefits for the treatment of a beneficiary's injuries caused by a third party? "Subrogation". Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured.
What is a consequence of not having health insurance quizlet?
what is a consequence of not having health insurance? you must pay all costs for health care and medical emergencies. something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as... insurance.
Why do people not have health insurance?
uninsurance has been attributed to a number of factors, including rising health care costs, the economic downturn, an erosion of employer-based insurance, and public program cutbacks. Developing effective strategies for reducing uninsurance requires understanding why people lack insurance coverage.
Why is it important to have insurance?
Insurance is a financial safety net, helping you and your loved ones recover after something bad happens — such as a fire, theft, lawsuit or car accident. ... But suffering a loss without insurance can put you in a difficult financial situation.
Who does not have health insurance in the US?
Highlights. In 2020, 8.6 percent of people, or 28.0 million, did not have health insurance at any point during the year. The percentage of people with health insurance coverage for all or part of 2020 was 91.4.
Is health insurance required?
Is Company Health Insurance Compulsory in India? Yes, medical insurance for employees is compulsory in India post the nation-wide COVID-19 lockdown in 2020. ... When you buy insurance for yourself, it is known as Individual Health Insurance. When you buy insurance for your family, it is known as a Family Health Cover.
Which of these is not required when an insurance company requests an inspection report on an applicant?
Which of these is NOT required when an insurance company requests a consumer report on an applicant? The consent of the agent is not needed when requesting a consumer report on an applicant.
What is admission certification?
A method of assuring that only those patients who need hospital care are admitted. Length-of-stay for the patient's diagnosed problem is usually assigned upon admission under a certification program. ...
Which of the following would not be an eligible group for group life insurance?
Which of the following is NOT an eligible group to obtain group life insurance? Group life insurance is limited to employer groups, multiple employer trusts, labor unions, group credit life insurance, and association plans.
Which of the following policy provisions prohibits an insurance company?
Which of the following policy provisions prohibits an insurance company from incorporating external documents into an insurance policy? ( An Entire Contract policy provision prohibits an insurance company from incorporating external documents into an insurance policy. )