Life and Health Colorado | 308 Questions and Answers(A+ Solution guide)

PO (Preferred Provider Organization) - An arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost. Fraternal Benefit Societies - Fraternal benefit societies are primarily social organizations that engage in charitable and benevolent activities that can provide life and health insurance to their members. Membership typically consists of members of a given faith, lodge, order, or society. Fraternal insurance producers represent the fraternal insurer and sell insurance to fraternal members. Increasing Term - The death benefit increases over the life of the policy while the premiums remain level. Primary Beneficiary - The first in line to receive the death benefit upon the death of the insured. Term Rider - An attachment to an existing permanent or interest sensitive policy providing temporary extra insurance protection. Agent's Report - Personal statement submitted by the producer to the insurer regarding any personal knowledge of the applicant, including information observed during the application process. Inspection Report - General report of the applicant's finances, character, morals, work, hobbies, and other habits. High Deductible Health Plan (HDHP) - A high deductible health insurance plan under which the deductible must meet a minimum dollar amount and out of pocket expense may not exceed a maximum dollar amount. Experience Rating - Determined by examining the history of claims a particular group experiences