Which of the following groups may not be insured by a group life insurance policy quizlet?

Which of the following would probably not be considered in underwriting a health insurance risk?

Three of the most important factors in classifying risks for health insurance are physical condition, moral hazards, and occupation. Marital status is not included in this. Which of these factors do NOT affect the rates of medical insurance? All of these affect the rates of medical insurance EXCEPT race.

Which of the following is not included in a life insurance illustration quizlet?

Which of the following is NOT included in a life insurance illustration? Company's mortality table. A life insurance illustration is NOT required to include the company's mortality table.

Which of the following is not an insurable interest?

Which of the following is NOT an example of insurable interest? Premium receipt.

Who is not considered as insurable interest?

Similarly, a sports team may insure one of their key players. An example of insurable interest is a policyholder buying property insurance for their own house but not for their neighbour's house. The person does not have an insurable interest in any financial loss arising from damage to their neighbour's house.

Which is not a characteristic of group health insurance?

individual members of the group may select the level of benefits for their own coverage. Which is NOT a characteristic of group health insurance? group coverage must be extended for terminated employees up to a certain period of time at the former employees expense.

What are the types of group insurance?

Which of the following is a requirement to be eligible for a group health policy?

Generally, to be eligible for group health insurance, a business must fulfill two main requirements: The business must have at least one qualified full-time or full-time equivalent employee other than the business owner or a spouse.

Under what type of group life insurance policy may coverage be provided for eligible family members and dependents?

Voluntary dependent life insurance, also called dependent group life insurance, is often made available as part of a benefits plan through employers. Dependent insurance can cover your spouse, children and any other eligible dependents, depending upon the rules laid out in the plan.

Which of the following is true regarding group term life insurance policies?

All of the following are true regarding group term life insurance, EXCEPT: Evidence of insurability is not required to renew coverage. The correct answer is: The policy is issued for one year and may be renewed annually with evidence of insurability.

Which of the following is not a situation that involves life insurance policy replacement?

Whose life is covered on a life insurance policy that contains a payor benefit clause. Which of the following is NOT a situation that involves life insurance policy replacement? Maintaining an existing policy and applying for a new one.

Which of the below is not an element of the life insurance business?

Subsidy is not an element of the life insurance business. A subsidy or government incentive is a form of financial aid or support extended to an economic sector generally with the aim of promoting economic and social policy.

Who has an insurable interest for life insurance?

In the case of a life insurance policy, the owner of the policy must always have an insurable interest in the life of the insured. Also, if the owner of the policy is not the beneficiary then the beneficiary named in the contract would also need an insurable interest in the insured person.

In which type of insurance the insurable interest may not be present at the time of taking the policy however it must exist at the time of loss claim?

In a marine insurance contract the presence of insurable interest is necessary only at the time of the loss. It is immaterial whether he has or does not have any insurable interest at the time when the marine insurance policy was taken.

Which of the following does not need to be identified in an insurance policy?

Which of the following does NOT need to be identified in an insurance policy? C.) The insurer's financial rating. Rationale: An insurer's financial rating does not need to be specified in an insurance policy.

In which of the following relationship insurable interest is not established?

A person is also presumed to have an insurable interest in his or her own life. Broadly speaking, without an immediate family or a relationship that is recognized by law there is no insurable interest.

What are the types of insurable interest?

There are two types of insurable interest: contractual and statutory.

Which of the following is not required on an illustration used in the sale of life insurance policy?

Which of the following is NOT required on an illustration used in the sale of a life insurance policy? Underwriting or rating classification upon which the illustration is based.

Which of the following types of care is excluded in a long term care policy?

Most long-term care insurance policies permanently exclude benefits being paid for certain conditions. Watch out for common conditions excluded, such as certain forms of heart disease, cancer or diabetes. Other exclusions include: Mental or nervous disorders, not counting Alzheimer's or other dementia.

Which of the following is not a required disclosure in an advertisement of life insurance?

Which of the following is not a required disclosure in an advertisement of Life insurance? While an advertisement may not imply a greater licensing jurisdiction than granted by the Certificate of Authority. This is not a required disclosure if no such implication exists.