NAME: ________________________

Question Types


Start With


Question Limit

of 41 available terms

Upgrade to
remove ads

5 Written Questions

5 Matching Questions

  1. Department of Insurance
  2. Fraud
  3. Investigation
  4. Lapse in coverage
  5. Accidental Death and Dismemberment Insurance
  1. a deception to cause a person to give up property or something of lawful right
  2. b an organized effort to discover the facts or truth of the matter
  3. c entire insurance industry is overseen by a larger body
  4. d a break in continuous insurance coverage
  5. e pays a benefit to the beneficiary in the event of the insured person's death by accidental means

5 Multiple Choice Questions

  1. processes new business acquired by the company and Department also schedules physical examination for policies that require evidence of insurability
  2. maintains the records to show if the company is being run in a profitable manner
  3. a denial or renunciation of responsibility
  4. are monetary awards above and beyond the benefits provided by the group plan
  5. involves people outside the company that it is directed against

5 True/False Questions

  1. Compensatory Damagesoften the larger of the two awards and are intended primarily to punish wrongdoing by the defendant and make an example of them to help deter such actions in the future

          

  2. Underwriting Departmentresponsible for presenting insurance products to the company's customers

          

  3. Third Party Administratorthe ability to transfer insurance companies and still be covered for pre-exisiting conditions

          

  4. Punitive Damagesoften the larger of the two awards and are intended primarily to punish wrongdoing by the defendant and make an example of them to help deter such actions in the future

          

  5. Internal Fraudinvolves people outside the company that it is directed against

          

Create Set