Alabama Health and Life Ins Exam

According to the Alabama Insurance Regulations, all of the following are included as advertisements except: - Answer- A birthday card sent to a policyowner by his or her agent According to the Alabama Insurance regulations, when using an illustration in the sale of a life insurance policy, an insurance producer may legally do what? - Answer- Use an illustration which has "non-guaranteed" elements According to the Optional Provision of a standard Health policy dealing with the issue of "unpaid premium", what will happen if you sustain an insured loss during the grace period? - Answer- The claim will be paid after deducting the unpaid premium According to the required provision 3, the minimum grace period for all policies, other than monthly or weekly premium policies is: - Answer- 31 days A company domiciled in another state that has received permission from the insurance commissioner to do business in this state is called: - Answer- Foreign admitted company A contract requires an offer and acceptance. What constitutes a valid offer? - Answer- An application and a premium payment submitted to the company or one of its agents Adverse selection will exist when: - Answer- The group for risk of insurance is more likely than the average group experience loss A family medical expense policy typically covers: - Answer- Every member of the family A form of welfare that provides assistance to the needy is: - Answer- Medicaid A health savings account: - Answer- Works with a high deductible plan A level term policy is one where: - Answer- The premium and the protection remain constant for the term of the policy A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - Answer- All of the above All of the following are common characteristics of Health Maintenance Organizations EXCEPT: - Answer- They pioneered Nurse Practitioners All of the following provisions of an adjustable life policy may be adjusted to meet the polic