Final exam - Texas Answers Life and Health Questions and Graded A+

Which of the following is a valid reason for an enrollee to be canceled by a Health Maintenance Organization (HMO) plan? - ANSWER-Nonpayment of coverage What type of rider would be added to an Accident and Health policy if the policyowner wants to ensure the policy will continue is he/she ever becomes totally disabled? - ANSWER-Waiver of Premium rider A new general property and casualty licensee must complete at LEAST _ hours of continuing education within 24 months of initial license. - ANSWER-24 A business overhead expense policy: - ANSWER-Covers business expenses such as rent and utilities Which of the following statements is CORRECT about an agent who is taking an insurance application? - ANSWER-The agent should have the applicant initial any changes made on the application Every 12-months after the initial enrollment period, an HMO must hold an open enrollment period of - ANSWER-31 days When an individual is planning to protect his family with life insurance, one method of doing so is called needs analysis. What exactly does needs analysis involve? - ANSWER-Establishes the needs of the individual and his dependents P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to - ANSWER-P only