A group-owned insurance company that is formed to assume and spread the liability
risks of it's members is known as a
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risk retention group
Does the Superintendent have the ability to examine the records of authorized
insurers?
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Yes, because of the powers granted through state statues
,A single-life annuity only has ONE
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Annuitant
Individual health insurance policies must cover mentally and physically handicapped
dependent children
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until they become self-supportive
When an insured under a group life insurance plan in New Mexico elects the
conversion option, the new policy is issued
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Without requiring evidence of insurability
Who is normally considered to be the owner of a 403(b) tax-sheltered annuity?
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The participating employee
,Which of these is NOT considered to be a cost connected with an individual's death?
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Business expenses
Under Medicare Supplement insurance, what form provides information about
services, benefits, copayments, deductiables, exclusions, premiums, and the insurer?
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The outline of coverage
Which of the following is NOT a reason the government provides insurance?
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reduce fraudulent claims
Which of the following is NOT subject to the promise to pay in an insuring clause?
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How the premium is calculated
, Under HIPPA, medical plan late enrollees may be excluded for pre-existing
conditions for a maximum of
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18 months
Which benefit is normally payable to a life insurance policyowner when the insured's
life expectancy has been severely limited?
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Accelerated (living) Benefit
A (an) ___________ insurer assumes risk from another insurance company.
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Reinsurance
An agent gives a conditional receipt to a client for an insurance policy after collecting
the initial premium. When will the policy become effective?
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risks of it's members is known as a
Give this one a try later!
risk retention group
Does the Superintendent have the ability to examine the records of authorized
insurers?
Give this one a try later!
Yes, because of the powers granted through state statues
,A single-life annuity only has ONE
Give this one a try later!
Annuitant
Individual health insurance policies must cover mentally and physically handicapped
dependent children
Give this one a try later!
until they become self-supportive
When an insured under a group life insurance plan in New Mexico elects the
conversion option, the new policy is issued
Give this one a try later!
Without requiring evidence of insurability
Who is normally considered to be the owner of a 403(b) tax-sheltered annuity?
Give this one a try later!
The participating employee
,Which of these is NOT considered to be a cost connected with an individual's death?
Give this one a try later!
Business expenses
Under Medicare Supplement insurance, what form provides information about
services, benefits, copayments, deductiables, exclusions, premiums, and the insurer?
Give this one a try later!
The outline of coverage
Which of the following is NOT a reason the government provides insurance?
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reduce fraudulent claims
Which of the following is NOT subject to the promise to pay in an insuring clause?
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How the premium is calculated
, Under HIPPA, medical plan late enrollees may be excluded for pre-existing
conditions for a maximum of
Give this one a try later!
18 months
Which benefit is normally payable to a life insurance policyowner when the insured's
life expectancy has been severely limited?
Give this one a try later!
Accelerated (living) Benefit
A (an) ___________ insurer assumes risk from another insurance company.
Give this one a try later!
Reinsurance
An agent gives a conditional receipt to a client for an insurance policy after collecting
the initial premium. When will the policy become effective?
Give this one a try later!
