MO guarantee exam with 100% correct solutions 2024

an insured was seriously injured in a skiing accident that required him to be hospitalized for 5 weeks. his medical expense policy covered all of the following EXCEPT correct answers loss of income while hospitalized once the initial benefit on Medicare part D is reached, how is the beneficiary affected? correct answers the beneficiary is then responsible for a portion of prescription drug costs what term relates to disability income insurance? -insurable interest -residual benefit -coinsurance stop loss -deductibles correct answers residual benefit which statement best describes agreement as it relates to insurance contracts? -all parties must be capable of entering into a contract -each party must offer something of value -one party accepts the exact terms of the other party's offer -the intent of the contract must be legally acceptable to both parties correct answers one party accepts the exact terms of the other party's offer in health insurance, the length of the grace period varies according to the correct answers mode of premium payment an insurer must notify the consumer in writing that an investigative consumer report has been requested, within how many days of the initial request? correct answers 3 days what is the purpose of the impairment rider in a health insurance policy correct answers to exclude coverage for a specific impairment which of the following is INCORRECT regarding the definition of total disability? -disability is defined differently under certain disability income policies -total disability can be the inability to perform any occupation for which a person is reasonably suited by reason of education, training, or experience -total disability can be the inability to perform the duties of ones own occupation -total disability is the inability to perform partial duties of any occupation for which a person is suited by reason of education, training, or experience correct answers -total disability is the inability to perform partial duties of any occupation for which a person is suited by reason of education, training, or experience