When asked when a particular policy takes place, the best approach is to state that the policy takes effect
Click the card to flip 👆
1 / 26
Terms in this set (26)
When asked when a particular policy takes place, the best approach is to state that the policy takes effect
on the date specified is delivered.
An insured has an A&H policy with the phrase "accidental bodily injury" used to define accidental bodily injury or death.
This phrase is less restrictive than the phrase "accidental means".
Recurrent disability is a
Disability, which is due to the same or a related cause of disability
Select the correct statement:
A company headquartered in Indiana is referred to as a domestic company in Indiana and a foreign company in all other states where it is licensed.
Policyowners may transfer all their rights, title, or interest in an insurance contract to another party through
an absolute assignment
An insurer that fails to issue a premium rate quote to an individual within ___ days must issue coverage to that individual and may not impose any preexisting conditions exclusions.
30
When an insurance company declares a surplus, dividends are usually paid to
participating policyholders
Jenny is paralyzed for life in a car accident. Which public program will she most likely be eligible for?
Social Security disability
Ronald works for an auto body shop with 19 employees. He is covered under Medicare and by a group policy offered through his employer. Which of the following statements is correct?
Ronald's Medicare coverage will be primary to his private group insurance.
When an insured changes to a less hazardous occupation, the insurance company
with due proof, will reduce the premium