NJ Accident and Health State Exam
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Terms in this set (70) Hide definitions
With written proof of loss, how many 90 days
days to file the claim?
60 days
How many days before the insured
can bring legal action against the
insurer?
No contract is in force until ______ is Initial premium
paid?
In Key Employee Disability Policy, if Fully taxable
the business pays the premium as a
tax-deductible expense, any benefits
paid are ______?
, Policies that pay higher benefits, Higher premiums
command ______ ?
One of the main responsibilities of an Adverse selection
underwriter is to protect the insurer
against ______?
Insurers issue preferred risk policies Better than normal mortality or morbidity
with reduced premiums with the experience
expectation of ______?
Monitoring the insured's hospital stay Concurrent review
to ensure everything is going
according to schedule and that the
insured will be released as planned
is called ______?
HIPAA provides that the 10% excise 7.5%
of tax for early withdrawal from IRAs
will not apply to the extent a
withdrawal is used for medical
expenses that exceed ______ of the
individual's adjusted gross income.
One of the most important Exclusions or limitations on a new policy
considerations in replacing medical
insurance is ______?
Upon policy delivery, if no initial The applicant to sign a Statement of Good Health
payment is collected with the
application, the producer must
request ______?
Leave the first rating
Save
Terms in this set (70) Hide definitions
With written proof of loss, how many 90 days
days to file the claim?
60 days
How many days before the insured
can bring legal action against the
insurer?
No contract is in force until ______ is Initial premium
paid?
In Key Employee Disability Policy, if Fully taxable
the business pays the premium as a
tax-deductible expense, any benefits
paid are ______?
, Policies that pay higher benefits, Higher premiums
command ______ ?
One of the main responsibilities of an Adverse selection
underwriter is to protect the insurer
against ______?
Insurers issue preferred risk policies Better than normal mortality or morbidity
with reduced premiums with the experience
expectation of ______?
Monitoring the insured's hospital stay Concurrent review
to ensure everything is going
according to schedule and that the
insured will be released as planned
is called ______?
HIPAA provides that the 10% excise 7.5%
of tax for early withdrawal from IRAs
will not apply to the extent a
withdrawal is used for medical
expenses that exceed ______ of the
individual's adjusted gross income.
One of the most important Exclusions or limitations on a new policy
considerations in replacing medical
insurance is ______?
Upon policy delivery, if no initial The applicant to sign a Statement of Good Health
payment is collected with the
application, the producer must
request ______?
