NC Accident and Health Final Exam Prep with complete solution graded A+

Which of these statements concerning an individual Disability Income policy is TRUE? - Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - Entire contract M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What determines the claim M is eligible for? - Determined by the terms of the policy An insurance broker in North Carolina is a representative of the - Insured A vacancy that occurs during the North Carolina Commissioner of Insurance's term of office MUST be filled by the - Governor A person is required to be AT LEAST how old before he or she is licensed as an agent in North Carolina? - 18 Which of the following claims are typically excluded from Medical expense policies? - Intentionally self-inflicted injuries The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is called the: - Waiver of Premium Which of the following reimburses its insureds for covered medical expenses? - Commercial insurers When an insured changes to a more hazardous occupation, which disability policy provision allows an insurer to adjust policy benefits and rates? - Change of occupation provisionFor which of the following expenses does a Basic Hospital policy pay? - Hospital room and board Which of these terms accurately defines an underwriter's assessment of information on a health insurance application? - Risk classification Which of the following are NOT managed care organizations? - Medical Information Bureau (MIB) Which of the following statements about a Guaranteed Renewable Health Insurance policy is CORRECT? - Premiums normally increase at time of renewal