Final Exam- Tennessee Life & Health Questions with100% correct answers Graded A+

The reason for a business having a Business Overhead Expense Disability Plan is to cover: - AnswerFixed Business Expenses What is the initial requirement for an insured to become eligible for benefits under the Waiver of Premium provision?-AnswerInsured must be under a physician's care K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used? -AnswerConditional Which of the following policy provisions prohibits an insurance company from incorporating external documents into an insurance policy? -AnswerEntire Contract The Consideration clause of an insurance contact includes -AnswerThe schedule and amount of premium payments M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the denial before the policy will be automatically placed back in force? -Answer45 days P is a Major Medical policyowner who is