Missouri Comprehensive Exam With Complete Answers 2024.

Which of the following provisions is NOT mandatory for health insurance policies in this state? - Answer Unpaid premiums In individual health insurance coverage, the insurer must cover a newborn from the moment of birth, and if additional premium payment is required, how many days should be allowed for payment? - Answer Within 31 days of birth Which of the following is mandatory coverage in all health benefit plans? - Answer Bone Marrow Transplant Which of the following is the closest term to an authorized insurer? - Answer Admitted An individual obtained a life insurance policy in March, but 3 months later was deemed clinically insane by the sstate of Missouri. Five months later the insured takes his own life. What type of death benefits will the policy beneficiaries receive? - Answer No benefits will be received because the policy was not in effect for at least one year; however, all premium payments will be returned. When a health carrier uses retrospective review procedures, within how many days of receipt information must the carrier make the determination? - Answer 30 working days The Director has just finished examining a domestic insurer. When is the Director next required to examine that insurer? - Answer No later than 5 years from now Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined at - Answer Coercion All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT - Answer Dividends from a mututal insurer