Health Insurance Kentucky Exam with 100%
Correct Answers | Verified | Latest Update
2024| Already Passed
Cancelable Policy - ✔✔Policy which the company may cancel at any time by returning
the unearned premium
Proof of loss must never be recieved later than - ✔✔one year from the date
otherwise required, unless the insured suffers legal incapacity
Medical Information Bureau - ✔✔1. nonprofit agency supported by life to aid in underwriting.
2. Supplies member companies with info concerning insurability.
3. Must be authorized by the applicant to give info to member companies
Corridor Deductible - ✔✔payment the insured makes between the basic policy and the
major medical part
Rider - ✔✔Insured has an agreement attached to the policy that alters the coverage provided
, Under the Misstatement of Age Provision, if an insured has missstated his or her age on the app
- ✔✔company can adjust the benefits payable
Irrevocable Beneficiary - ✔✔Insured list his wife as the beneficiary of the Accidental Death
Benefits of his A&H Policy , and has relinquished his right to change that designation
Benefits shall be made available for Home Health Care by Health Maitenance Organizations
providing - ✔✔Hosptial, medical, and surgical expense
age limit for annuities, health, life, property - ✔✔15 years of age
Accident Policy - ✔✔An insurance policy which provides payment for Accidetnal
death, dismemberment, or Loss of Time
Participating Policy - ✔✔Policy which provides for the insured to share any surplus declared
by the company
Correct Answers | Verified | Latest Update
2024| Already Passed
Cancelable Policy - ✔✔Policy which the company may cancel at any time by returning
the unearned premium
Proof of loss must never be recieved later than - ✔✔one year from the date
otherwise required, unless the insured suffers legal incapacity
Medical Information Bureau - ✔✔1. nonprofit agency supported by life to aid in underwriting.
2. Supplies member companies with info concerning insurability.
3. Must be authorized by the applicant to give info to member companies
Corridor Deductible - ✔✔payment the insured makes between the basic policy and the
major medical part
Rider - ✔✔Insured has an agreement attached to the policy that alters the coverage provided
, Under the Misstatement of Age Provision, if an insured has missstated his or her age on the app
- ✔✔company can adjust the benefits payable
Irrevocable Beneficiary - ✔✔Insured list his wife as the beneficiary of the Accidental Death
Benefits of his A&H Policy , and has relinquished his right to change that designation
Benefits shall be made available for Home Health Care by Health Maitenance Organizations
providing - ✔✔Hosptial, medical, and surgical expense
age limit for annuities, health, life, property - ✔✔15 years of age
Accident Policy - ✔✔An insurance policy which provides payment for Accidetnal
death, dismemberment, or Loss of Time
Participating Policy - ✔✔Policy which provides for the insured to share any surplus declared
by the company
