Idaho Health Insurance (questions n
answers) 2025 updated
Agen/Producer - correct answer ✔✔a person who acts for another person or entity known as
the principal with regard to contractual arrangements with third parties; a legal rep of an
insurance company
Agent/agency contract - correct answer ✔✔a contract that is held between an insurer and an
agent/producer, containing the expressed authority given to the agent/producer, outlining the
duties and responsibilities to the principal.
Applicant or proposed insured - correct answer ✔✔a person who requests or seeks insurance
from an insurer
Death benefit - correct answer ✔✔the amount paid when a claim is issued against a policy of
insurance
insurance policy - correct answer ✔✔a contract between a policyowner and an insurance who
may or may not be the applicant or policyowner
insured - correct answer ✔✔the person covered by the policy of insurance who may or may not
be the applicant or policyowner
insurer - correct answer ✔✔the company who issues a policy of insurance
life insurance - correct answer ✔✔a coverage upon a person's life, and granting, purchasing or
disposing of annuities
, policyowner - correct answer ✔✔the person who is entitled to exercise the rights and privileges
in the policy and who may or may not be the insured
premium - correct answer ✔✔the money paid to the insurance company for the policy of
insurance
agent, applicant, and the proposed insured - correct answer ✔✔people who must sign the
application
Paramedical report - correct answer ✔✔completed by a paramedic or a registered nurse
Attending Physician's Statement - correct answer ✔✔completed by a medical practitioner who
treated the applicant for a prior medical problem
paramedical report or attending physician's statement - correct answer ✔✔two test that can be
required for applicants
Info from Medical Info Bureau - correct answer ✔✔Non profit organization consisting of
insurance companies that maintain confidential medical records for comapnies to compare. A
person cannot be denied because of their MIB report
Fair Credit REporting Act - correct answer ✔✔1971, protects consumers against the circulation
of inaccurate or obsolete info
Consumer reports - correct answer ✔✔written and/or oral info regarding a consumer's
credit,character, reputation, or habits collected by a reporting agency from employment
records, credit reports, and other public sources
Investigative Consumer Reports - correct answer ✔✔similar to consumer reports but the info is
gathered through interviewing people associated with the consumer
answers) 2025 updated
Agen/Producer - correct answer ✔✔a person who acts for another person or entity known as
the principal with regard to contractual arrangements with third parties; a legal rep of an
insurance company
Agent/agency contract - correct answer ✔✔a contract that is held between an insurer and an
agent/producer, containing the expressed authority given to the agent/producer, outlining the
duties and responsibilities to the principal.
Applicant or proposed insured - correct answer ✔✔a person who requests or seeks insurance
from an insurer
Death benefit - correct answer ✔✔the amount paid when a claim is issued against a policy of
insurance
insurance policy - correct answer ✔✔a contract between a policyowner and an insurance who
may or may not be the applicant or policyowner
insured - correct answer ✔✔the person covered by the policy of insurance who may or may not
be the applicant or policyowner
insurer - correct answer ✔✔the company who issues a policy of insurance
life insurance - correct answer ✔✔a coverage upon a person's life, and granting, purchasing or
disposing of annuities
, policyowner - correct answer ✔✔the person who is entitled to exercise the rights and privileges
in the policy and who may or may not be the insured
premium - correct answer ✔✔the money paid to the insurance company for the policy of
insurance
agent, applicant, and the proposed insured - correct answer ✔✔people who must sign the
application
Paramedical report - correct answer ✔✔completed by a paramedic or a registered nurse
Attending Physician's Statement - correct answer ✔✔completed by a medical practitioner who
treated the applicant for a prior medical problem
paramedical report or attending physician's statement - correct answer ✔✔two test that can be
required for applicants
Info from Medical Info Bureau - correct answer ✔✔Non profit organization consisting of
insurance companies that maintain confidential medical records for comapnies to compare. A
person cannot be denied because of their MIB report
Fair Credit REporting Act - correct answer ✔✔1971, protects consumers against the circulation
of inaccurate or obsolete info
Consumer reports - correct answer ✔✔written and/or oral info regarding a consumer's
credit,character, reputation, or habits collected by a reporting agency from employment
records, credit reports, and other public sources
Investigative Consumer Reports - correct answer ✔✔similar to consumer reports but the info is
gathered through interviewing people associated with the consumer
