Health Simulation Round 2 Questions With Complete Solutions

Which type of misrepresentation persuades an insured, to his or her detriment, to cancel, lapse, or switch policies from one to another? mq correct answer: Twisting For the purpose of insurance, risk is defined as... correct answer: The uncertainty or chance of loss Agents who persuade insureds to cancel a policy in favor of another one when it might not be in the insured's best interest are guilty of correct answer: Twisting When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains. This is an example of correct answer: Concealment Which of the following health care plans would most likely provide the insured/subscriber with comprehensive health care coverage? correct answer: Health Maintenance Organization plan (HMOs) The term "producer" refers to any person appointed by an insurer to correct answer: Solicit applications for insurance on its behalf A copy of a replacement notice is provided to the applicant, and an additional copy signed by the applicant is retained by the insurer. A direct response insurer must deliver to the applicant at