Arkansas Health Insurance Exam Terms Questions and Answers 100% Pass

Arkansas Health Insurance Exam Terms Questions and Answers 100% Pass Accident - Correct Answer ✔️✔️-An unplanned, unforeseen event w hich occurs suddenly and at an unspecified place. Accident Insurance - Correct Answer ✔️✔️-A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Correct Answer ✔️✔️-Unplanned, unforeseen trau matic injury to the body. Accidental Death and Dismemberment - Correct 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 - Correct 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) - Correct Answer ✔️✔️-An infectious and incurable disease caused by the human immunodeficiency virus (HIV). Activities of Daily Living - Correct Answer ✔️✔️-Activities individuals must do every day such as moving a bout, getting dressed, eating, bathing, etc. Actual Charge - Correct Answer ✔️✔️-The amount a physician or supplier actually bills for a particular service or supply. Adhesion - Correct 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 - Correct Answer ✔️✔️-An insurance company authorized and licensed to tr ansact insurance in a particular state. Adult Day Care - Correct 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 - Correct Answer ✔️✔️-The tend ency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability. Agent - Correct Answer ✔️✔️-An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of an insurer. Aleatory - Correct 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 even t of a loss. Alien Insurer - Correct Answer ✔️✔️-An insurance company that is incorporated outside the United States. Alzheimer's Disease - Correct Answer ✔️✔️-A disease that causes the victim to become dysfunctional due to degeneration of brain cells and severe memory loss. Ancillary - Correct Answer ✔️✔️-Additional, miscellaneous services provided by a hospital, such as x -rays, anesthesia, and lab work, but not hospital room and board. Apparent Authority - Correct Answer ✔️✔️-The appearance or the assumpt ion of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Approved Amount - Correct Answer ✔️✔️-The amount Medicare determines to be reasonable for a service that is covered under Part B of Medicare. Assignment - Correct Answer ✔️✔️-A claim to a provider or medical supplier to receive payments directly from Medicare. Attained Age - Correct Answer ✔️✔️-The age of the insured at a determined date. Attending Physician's Statement (APS) - Correct Answer ✔️✔️-A statement usually obtained from the applicant's doctor. Avoidance - Correct Answer ✔️✔️-A method of dealing with risk (e.g. if a person wanted to avoid the risk of being killed in an airplane crash, he/she might choose never to fly in a plane ). Basic Hospital Expense Insurance - Correct Answer ✔️✔️-Coverage that provides benefits for room, board and miscellaneous hospital expenses for a certain number of days during a hospital stay.