XCEL _CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE FINAL EXAM QUESTIONS & CORRECT ANSWERS 100% VERIFIED

XCEL _CALIFORNIA PRE-LICENSING EDUCATION - LIFE, ACCIDENT AND HEALTH INSURANCE FINAL EXAM QUESTIONS & CORRECT ANSWERS 100% VERIFIED Which of the following is NOT a required provision in an accident and health insurance policy? - ANSWER change of occupation What type of changes can be made to a guaranteed renewable health insurance policy? - ANSWER The premium rates of the policyowner Under a health insurance policy, the provision that states the kind of benefits provided and the circumstances under which they will be paid is called the? - ANSWER insuring clause The legal action provision in a health contract is limited to no more than ___ years. - ANSWER 5 In what situation does a waiver of premium provision keep a health insurance policy in force without premium payments? - ANSWER When an insured becomes totally disabled A health insurance policy paid on a quarterly basis has a grace period of - ANSWER 31 days Bruce is involved in an accident and becomes totally and permanently disabled. His insurance policy continues in force without payment of further premiums. Which policy provision is responsible for this? - ANSWER Waiver of premium provision The entire contract includes the actual policy and the - ANSWER application In contrast to a guaranteed renewable policy, a noncancellable policy - ANSWER may never raise premiums The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered - ANSWER Noncancellable Which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit? - ANSWER Increase the premiums on an individual basis This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes - ANSWER the entire insurance contract between the parties