HEALTH INSURANCE POLICY PROVISIONS QUESTIONS WITH VERIFIED SOLUTIONS

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HEALTH INSURANCE POLICY
PROVISIONS QUESTIONS WITH
VERIFIED SOLUTIONS



A health insurance policy where the insurer has the right to terminate the policy

for reasons other than the insured's health is called

limited renewable

conditionally renewable

guaranteed renewable

conditionally cancelable - correct-answer - conditionally renewable




Disability Income plans which require that the insurer can NEVER change or alter

premium rates are usually considered

Guaranteed Renewable

Optionally Renewable

Conditionally Renewable

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Noncancellable - correct-answer - Noncancellable




When an insured changes to a more hazardous occupation, which disability policy

provision allows an insurer to adjust policy benefits and rates?

Relation of earnings to insurance provision

Change of occupation provision

Conformity of state statutes provision

Modified occupation provision - correct-answer - Change of occupation provision




A clause that allows an insurer the right to terminate coverage at any anniversary

date is called a(n):

conditionally renewability clause

optional renewability clause

selective renewability clause

cancelable clause - correct-answer - optional renewability clause