NC health insurance final exam practice pt 2 || A+ Guaranteed.

Which of the following is not one of the 12 required provisions for health insurance policies set forth by the NAIC? correct answers waiver of premium provision Medical expense policies cover a wide range of services and care. The way in which they cover the cost of these services and the way in which covered care services are delivered depends on which of the following? correct answers the plan or policy Which statement about disability reducing term insurance policies is NOT correct? correct answers The benefit payment under such policies increases over the policy's term. Delta Inc. pays the premiums on a disability buyout policy, a business overhead policy, and a key executive disability policy. For which policies can it take an income tax deduction for the premiums it pays? correct answers business overhead policy During the application process, insurance coverage can be provided under a conditional receipt or which of the following? correct answers a temporary insurance receipt Gracie owns a Medicare Advantage policy and requires emergency care while visiting her daughter, but there are no network providers nearby. What should Gracie do? correct answers see a nonnetwork provider What do group short-term disability income plans generally limit coverage to? correct answers non-occupational disabilities Abby, age 66, just purchased an individual health insurance policy. On what basis can the insurer exclude coverage for diabetes, a condition that Abby was diagnosed with one year ago? correct answers The insurer may limit coverage only if Abby's pre-existing condition was specifically defined in the policy To encourage employer-provided health-care coverage, the federal government has enacted laws that provide new and innovative ways to finance the costs of medical care. These methods include all of the following EXCEPT: correct answers individual retirement accounts (IRAs) If a group health insurance policy terminates, an employee can elect to continue coverage provided he or she has been insured under the plan for how long before it terminates? correct answers 3 months Which of the following is NOT an unfair claims settlement practice if committed by an insurance company in North Carolina? correct answers failing to promptly settle a claim for which liability is uncertain