California Life, Accident, and health insuranc Questions

According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium? - ANSWER-Materiality Which of the following is NOT a life insurance settlement option? - ANSWER-Extended Term Option True answer- Life income option, Fixed amount option, Lump Sum option Major Medical expense plans typically use a cost containment measure for emergency care. This is refereed to as a - ANSWER-Deductible Which type of risk is gambling? - ANSWER-Speculative risk Who is NOT eligible for Social Security survivor benefits? - ANSWER-A deceased worker's dependent parents of any age. correct answer- only dependent parents age 62 or older can receive survivorship benefits if they were dependent upon the deceased worker for at least half of their support. What type of policy changes can be made to a guaranteed renewable health insurance policy? - ANSWER-The premium rates of the policy owner After the annual deductible is met, a Medicare Part B will pay ___%_ of the remaining covered expenses - ANSWER-20% Insurer will paid %80