Indemnity plans Study guides, Class notes & Summaries

PSI: LIFE, ACCIDENT, AND HEALTH PRACTICE EXAM ALREADY PASSED Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which of the following must be given to the insurer within 20 days after occurrence or commencement of any loss covered by the policy, or as thereafter a...

NRNP 6675-15; NRNP 6675 Week 6 Midterm Exam 2024/25 100% solved -Graded A+ NRNP 6675 Midterm Exam (Latest-2024/2025, 100 Q & A) / NRNP 6675N Midterm Exam / NRNP6675 Midterm Exam / NRNP-6675N Midterm Exam: Walden University | 100% Verified Q & A | Which of the following are risk factors for neuroleptic malignant syndrome? Select all that apply Age Rapid dose escalation Parental route of administration Higher potency typical antipsychotics 2. Antipsychotic medications provide D2 blockade in the ...

NR511/ NR 511 Midterm Exam: Differential Diagnosis & Primary Care | Questions and Verified Answers| 100% Correct |Grade A (Latest 2024/ 2025 Update) – Chamberlain Q: Wellness services, eye exams, hearing exams, hearing aides, glasses Answer: Part C Medicare Q: Prescription drugs Answer: Part D Medicare Q: NP's are reimbursed at _______of the physician fee Answer: 85% Q: what is the purpose of medicare advantage plans Answer: lower co payments ...

Which of the following must be present in all medicare supplement plans? - ANSWER ☑☑Plan A What was created to keep telemarketers from calling consumers who do not wish to be contacted? - ANSWER ☑☑National Do not call registry Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? - ANSWER ☑☑Indemnity Which of the following would not be considered an exp...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

Xcel Solutions Life Insurance Exam (Latest 2024/ 2025) Questions and Verified Answers| 100% Correct| Grade A Q: An annuitant dies during the distribution period. What kind of annunity will return to a beneficiary the difference between the annunity value and the income payment already made? Answer: Refund annuity Q: The is responsible for determining the appropriateness of a Medicare Supplement policy for an applicant. Answer: Agent Q: The purpose of the Coordinati...

A health plan can best be defined as an organization that Integrates the delivery and financing of healthcare and seeks to manage healthcare cost, access, and quality The earliest versions of heath plans appeared in 1910 What is not an early form of health plan Preferred provider organization Which is a provision of the HMO act of 1973 Federally qualified HMOs were exempted from some state laws For an HMO which was not an advantage of federal qualification The HMO did not have to meet c...

Kentucky Health Insurance License (Mostly Complete) Questions and Answers 100% Solved Sean has renewed his health insurance policy with Ability Insurance every year for the past 3 years. At this renewal, Sean received an extra payment from his insurer as a reward for renewing his policy and to encourage him to renew his policy again next year. What is this extra amount called? 1. An endorsement 2. An accumulation 3. A supplemental benefit 4. An additional benefit An accumulation When an indivi...

ARIZONA LIFE AND HEALTH INSURANCE STATE EXAM 2024 Which statement regarding the cash value of a whole life insurance policy is correct? - correct answer Available to the policyowner when the policy has been surrendered. Which of the following is NOT a valid contract exchange? - correct answer An annuity exchanged fora . life insurance policy. Interest is credited to a fixed annuity no lower than the - correct answer contract guaranteed rate Under the uniform mandatory provisions,...

prepaid service plans - correct answer this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - correct answer plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - correct answer plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical ...