Arkansas Health Insurance Exam Terms 100% Accurate!

Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment - ANSWER An insurance policy which pays a specified amount or a specified multiple of the insured's benefit if the insured dies, loses his or her sight, or loses two limbs due to an accident. Accidental Death Benefits - ANSWER A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Acquired Immunodeficiency Syndrome (AIDS) - ANSWER An infectious and incurable disease caused by the human immunodeficiency virus (HIV). Activities of Daily Living - ANSWER Activities individuals must do every day such as moving about, getting dressed, eating, bathing, etc. Actual Charge - ANSWER The amount a physician or supplier actually bills for a particular service or supply. Adhesion - ANSWER A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured. Admitted (Authorized) Insurer - ANSWER An insurance company authorized and licensed to transact insurance in a particular state. Adult Day Care - ANSWER A program for impaired adults that attempts to meet their health, social, and functional needs in a setting away from their homes. Adverse Selection - ANSWER The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability. Agent - ANSWER An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of an insurer. Aleatory - ANSWER A contract in which participating parties exchange unequal amounts. Insurance contracts are aleatory in that the amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event of a loss. Alien Insurer - ANSWER An insurance company that is incorporated outside the United States. Alzheimer's Disease - ANSWER A disease that causes the victim to become dysfunctional due to degeneration of brain cells and severe memory loss. Ancillary - ANSWER Additional, miscellaneous services provided by a hospital, such as x-rays, anesthesia, and lab work, but not hospital room and board.