4/9/26, 2:54 PM Utah Life and Health Insurance EXAM, comprehensive questions and verified answers || QUESTIONS WITH ACCURATE ANSWER…
Utah Life and Health Insurance EXAM,
comprehensive questions and verified answers ||
QUESTIONS WITH ACCURATE ANSWERS | GET IT
RIGHT |2025\2026
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Terms in this set (56)
Accident A sudden event, unforeseen and unintended
Claim A demand for payment under the insurance policy
Absolute assignment A transfer by the policy holder of all control and
rights to a third party
Accident and Sickness Insurance against bodily injury, disability or death
by accident, or against disability or expense
resulting from sickness, and the insurance relating
thereto
Accidental Means The unexpected cause of an accidental bodily
injury. Under this definition, which is very restrictive,
if you meant to do whatever caused your injury,
there is no coverage. Most health insurance
policies cover accidental bodily injury, which is
much broader, in that it covers accidents
regardless of the cause
https://quizlet.com/1165809282/utah-life-and-health-insurance-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answer… 1/12
, 4/9/26, 2:54 PM Utah Life and Health Insurance EXAM, comprehensive questions and verified answers || QUESTIONS WITH ACCURATE ANSWER…
Accumulation at interest option A dividend or settlement option under which the
policyholder allows his dividends or policy
proceeds to accumulate interest with the company.
Although the dividends or proceeds are not
generally
Actuary One concern with the application of probability
and statistical theory to insurance, utilizing the law
of large numbers.
ADB Accidental death benefit Also known as double indemnity. A rider added to
a life policy that will pay double the face amount if
the insured dies as a result of the accident,
generally within 90 days of the accident.
AD&D accidental death and A limited form of health insurance that covers
dismemberment insurance accident only. It is the only type of health insurance
that covers death. AD&D policies do not follow the
principle of indemnity, in that they pay in addition
to any other coverage the insured has.
Adverse selection Selection not in favor of the company. The
tendency of poorer risks to want insurance more
often than standard risks. For example, a person
who is already sick would like to buy health
insurance.
https://quizlet.com/1165809282/utah-life-and-health-insurance-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answer… 2/12
Utah Life and Health Insurance EXAM,
comprehensive questions and verified answers ||
QUESTIONS WITH ACCURATE ANSWERS | GET IT
RIGHT |2025\2026
Save
Terms in this set (56)
Accident A sudden event, unforeseen and unintended
Claim A demand for payment under the insurance policy
Absolute assignment A transfer by the policy holder of all control and
rights to a third party
Accident and Sickness Insurance against bodily injury, disability or death
by accident, or against disability or expense
resulting from sickness, and the insurance relating
thereto
Accidental Means The unexpected cause of an accidental bodily
injury. Under this definition, which is very restrictive,
if you meant to do whatever caused your injury,
there is no coverage. Most health insurance
policies cover accidental bodily injury, which is
much broader, in that it covers accidents
regardless of the cause
https://quizlet.com/1165809282/utah-life-and-health-insurance-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answer… 1/12
, 4/9/26, 2:54 PM Utah Life and Health Insurance EXAM, comprehensive questions and verified answers || QUESTIONS WITH ACCURATE ANSWER…
Accumulation at interest option A dividend or settlement option under which the
policyholder allows his dividends or policy
proceeds to accumulate interest with the company.
Although the dividends or proceeds are not
generally
Actuary One concern with the application of probability
and statistical theory to insurance, utilizing the law
of large numbers.
ADB Accidental death benefit Also known as double indemnity. A rider added to
a life policy that will pay double the face amount if
the insured dies as a result of the accident,
generally within 90 days of the accident.
AD&D accidental death and A limited form of health insurance that covers
dismemberment insurance accident only. It is the only type of health insurance
that covers death. AD&D policies do not follow the
principle of indemnity, in that they pay in addition
to any other coverage the insured has.
Adverse selection Selection not in favor of the company. The
tendency of poorer risks to want insurance more
often than standard risks. For example, a person
who is already sick would like to buy health
insurance.
https://quizlet.com/1165809282/utah-life-and-health-insurance-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answer… 2/12
