Beneficiary principle Study guides, Revision notes & Summaries

Comprehensive notes on Equity and Trust Law in the UK, on the beneficiary principle.

AD Banker Comprehensive Exam / AD Banker Comprehensive Exam Actual Questions and Answers Solved Complete Test Already Passed/verified 100% A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - CORRECT ANSWER-D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restr...

3-Day Rule correct answer: a requirement that all diagnostic or outpatient services furnished in connection with the principle admitting diagnosis within three days prior to the hospital admission are bundled with the inpatient services for Medicare billing 837I correct answer: the American National Standards Institute transaction for an institutional claim; as a result of HIPAA, it is replacing the electronic UB-04. 837P correct answer: a former American National Standards Institute tr...

Xcel Testing Solutions (Life & Health) Final 150 Question Practice Exam with Verified Solutions When can a policy owner change a revocable beneficiary? Anytime M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? Revocable How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) po...

Kansas Life & Health Insurance Final Exam Questions and Answers Already Passed When can a policy owner change a revocable beneficiary? Anytime J would like to maintain the right to change beneficiaries. Which beneficiary designation should be used? Revocable M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? Revocable Beneficiary revocable benef...

Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam When can a policy owner change a revocable beneficiary? Anytime M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary. M has the right to change the beneficiary designation at anytime. What type of beneficiary is his son? Revocable How would a contingent beneficiary receive the policy proceeds in a...

Beneficiary correct answer: The person who receives the benefits from the policy of insurance. Insurance correct answer: Transfers risk of loss from an individual or business entity to an insurance company. Which in turn spreads the costs of unexpected losses to many individuals. Agent/Producer correct answer: A person who acts for another person or entity known as the principle with regards to contractual arrangements with third parties; a legal representative of an insurance company. ...

LIFE INSURANCE ONLY CALIFORNIA (2022/2023) ALREADY PASSED LIFE INSURANCE Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INSURANCE Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE INSURANCE Life insurance that pays a benefit on the death of the insured and also accumulates a *PERMANENT *DEATH BENEFIT & CASH VALUE. UNIVERSAL ...

CRCS - ANSWER Certified Revenue Cycle Specialist AAHAM - ANSWER The American Association of Healthcare Administrative Management 1-Day Rule - ANSWER a requirement that all diagnostic or outpatient services furnished in connection with the principle admitting diagnosis within one day prior to the hospital admission are bundled with the inpatient services for Medicare billing. 3-Day Rule - ANSWER a requirement that all diagnostic or outpatient services furnished in connection with the p...

A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - Answer- D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restricted persons B Considerations C Competent parties D Agreement - Answer- C A company that is licensed to sell insurance in a pa...