Arkansas Health insurance exam questions and answers 100% pass

Arkansas Health insurance exam questions and answers 100% pass If an agent makes a correction on the application for health insurance, who must initial the correct answer? - Correct Answer ️️ -The applicant What is the term used for a written request for an insurer to issue an insurance contract based on the provided information? - Correct Answer ️️ -Application What information are the members of the Medical Information Bureau required to report? - Correct Answer ️️ -Adverse medical information about the applicants or insured. When should an agent obtain a Statement of Good Health from the insured? - Correct Answer ️️ -When the premium was paid upon policy delivery and not the time of application. What is the entire contract in health insurance underwriting? - Correct Answer ️️ -The application and policy issued. What entities make up the Medical Information Bureau? - Correct Answer ️️ -Insurers What is the best way to make a change on an application for insurance? - Correct Answer ️️ -Start over with a fresh application In health insurance, the policy itself and the insurance application form what? - Correct Answer ️️ -The entire contract If an insurer decides to obtain medical information from different sources in order to determine the insurability of an applicant, who must be notified of the investigation? - Correct Answer ️️ -The applicant Who must sign a health insurance application? - Correct Answer ️️ -The policyowner, the insured (if different), and the agent If an underwriter requires extensive information about the applicant's medical history, what report will best serve this purpose? - Correct Answer ️️ -Attending Physicians statement Who is responsible for paying the cost of a medical examination required in the process of underwriting? - Correct Answer ️️ -Insurer Whose responsibility is it to inform an applicant for health insurance about the insurer's information gathering practices? - Correct Answer ️️ -The agent What type of hospital policy pays a fixed amount each day that the insured is in the hospital? - Correct Answer ️️ -Hospital indemnity What is the term for a period of time immediately following a disability during which benefits are not payable? - Correct Answer ️️ -Elimination period What is the primary purpose of disability income insurance? - Correct Answer ️️ -To replace income lost due to a disability Who are the parties in a group health contract? - Correct Answer ️️ -The employer and the insurer Under what type of care do insurers negotiate contracts with health care providers to allow subscribers have access to health care services at a favorable cost? - Correct Answer ️️ -Preferred Provider Organization (PPO) How are HMO territories typically divided? - Correct Answer ️️ -geographic areas Why do HMOs encourage members to get regular checkups? - Correct Answer ️️ -To help catch health problems early when treatment has the greatest chance for success (i.e. preventive care) Who chooses a primary care physician in an HMO plan? - Correct Answer ️️ -The individual member What is a fee-for-service health plan? - Correct Answer ️️ -Under a fee-for-service plan, providers receive payments for each service provided What are the three types of basic medical expense insurance? - Correct Answer ️️ - Hospital, surgical, and medical What is the capital sum in Accidental Death and Dismemberment (AD&D) coverag