SC Laws and Rules Questions and Answers Already Passed

SC Laws and Rules Questions and Answers Already Passed A carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium fails to pay the premium Twisting is BEST defined as making a false written or oral statement for the purpose of replacing an existing policy to the detriment of the insured offering something of value not stated in the insurance contract as an inducement to purchase an insurance policy unfairly discriminating against a person in any way on an insurance-related matter making any public statement or advertisement that contains false or malicious information about an insurance company. making a false written or oral statement for the purpose of replacing an existing policy to the detriment of the insured When the Director is examining an insurer's books and records, the insurer is NOT required to assist in the examination can determine which records to make available has the authority to stop the examination at any time. must NOT impede an examination must NOT impede an examination All long-term care policies sold in South Carolina are REQUIRED to pay the SAME daily benefit amount for "at home" care as compared to the daily amount paid for disability coverage the daily amount paid for physical therapy the daily amount paid for muring home care the daily amount paid for respite care the daily amount paid for muring home care If a health insurance claim is not promptly paid, legal action may be taken against the insurer after 30 days from the date proof of loss is furnished 60 days from the date proof of loss is furnished 90 days from the date proof of loss is furnished 3 years the date proof of loss is furnished 60 days from the date proof of loss is furnished An insurer may legally defer payment of cash surrender value for up to 6 months 9 months 12 months 15 months 6 months A temporary producer license issued in South Carolina is valid for up to 90 days 180 days 270 days