Life & Health Questions – Arizona Exam 100% Correct!!

An person filed a claim under two health insurance policies issued by the same insurer, the insurer might return: - ANSWERA. 50% of the lower of the two premiums, but pay all benefits under both policies B. Any annual premium amount in excess of $1,000 combined for both policies C. The premium amount paid for coverage, which cause combined benefits to exceed a maximum benefit amount D. All premiums and cancel all existing policies by the insured When taking a person health insurance application, it is the producer or agent's obligation to disclose all the following EXCEPT: - ANSWERThe establishment of insurance company reserves In group health insurance, a group with a high average age usually has: - ANSWERAbove average total health claims The Medicare home health care benefit includes coverage for: - ANSWERNurse visits Medical expense insurance typically EXCLUDES coverage for: - ANSWERCosmetic surgery What does Medicare Supplement insurance cover? - ANSWERPart of the cost of certain hospital and medical services Health insurer's are prohibited from discrimination based on a person's: - ANSWERGenetic makeup When several members of a family insured under the same major medical policy are involved in an accident, the coverage covers? - ANSWEROnly one person deductible needs to be satisfied for all injuries the family received in the accident A producer or agent who negligently re[laces health insurance for a client creates potential liability for: - ANSWERErrors and omissions In health insurance, initial notice about a potential claim: - ANSWERMay be required within a short time period Employer-sponsored group long-term care insurance generally has all of the following EXCEPT: - ANSWERNoncancelable * Renewable Convertible upon leaving employment More economical then individual plans Why