NC Health Insurance

Definitions - Broker - ANSWER Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. Definitions - Limited Representative - ANSWER Means a person is authorized by the Commissioner (Wayne Goodwin) to solicit or negotiate contracts for particular kinds of insurance (Motor Club, Dental, Travel) and which ...

Which of the following is not one of the 12 required provisions for health insurance policies set forth by the NAIC? - ANSWER waiver of premium provision Medical expense policies cover a wide range of services and care. The way in which they cover the cost of these services and the way in which covered care services are delivered depends on which of the following? - ANSWER the plan or policy Which statement about disability reducing term insurance policies is NOT correct? - ANSWER The ...

risk avoidance - ANSWER occurs when individuals evade risk entirely risk reduction - ANSWER occurs when chances of risk are lessened risk retention - ANSWER is being aware of the risks involved and taking precautions for financial protection. risk transference - ANSWER is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - ANSWER A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - ANSWER A menta...

risk avoidance correct answers occurs when individuals evade risk entirely risk reduction correct answers occurs when chances of risk are lessened risk retention correct answers is being aware of the risks involved and taking precautions for financial protection. risk transference correct answers is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical correct answers A bodily disease of endangerment, such as cancer, presents a _____...

Definitions - Broker correct answers Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. Definitions - Limited Representative correct answers Means a person is authorized by the Commissioner (Wayne Goodwin) to solicit or negotiate contracts for particular kinds of insurance (Motor Club, Dental, Trav...

Which of the following is not one of the 12 required provisions for health insurance policies set forth by the NAIC? correct answers waiver of premium provision Medical expense policies cover a wide range of services and care. The way in which they cover the cost of these services and the way in which covered care services are delivered depends on which of the following? correct answers the plan or policy Which statement about disability reducing term insurance policies is NOT correct?...

All of the following are true regarding Key Employee Disability Income insurance EXCEPT A) Premiums are not tax deductible for the employer. B) Benefits are taxable to the employer. C) The employer owns the policy. D) Benefits are paid to the employer to retrain a new person. - ANSWER B) Benefits are taxable to the employer. Key person disability income premiums are not deductible to the business, but the benefits are received income tax free by the business. How is emergency care co...

Definitions - Broker - ANSWER Means a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent or an insurer that is licensed to do business in this State bur for which the broker is not authorized to act as an agent. Definitions - Limited Representative - ANSWER Means a person is authorized by the Commissioner (Wayne Goodwin) to solicit or negotiate contracts for particular kinds of insurance (Motor Club, Dental, Travel) and which ...

Which of the following is not one of the 12 required provisions for health insurance policies set forth by the NAIC? - ANSWER waiver of premium provision Medical expense policies cover a wide range of services and care. The way in which they cover the cost of these services and the way in which covered care services are delivered depends on which of the following? - ANSWER the plan or policy Which statement about disability reducing term insurance policies is NOT correct? - ANSWER The ...

risk avoidance - ANSWER occurs when individuals evade risk entirely risk reduction - ANSWER occurs when chances of risk are lessened risk retention - ANSWER is being aware of the risks involved and taking precautions for financial protection. risk transference - ANSWER is the act of shifting the responsibility of risk to another in the form of an insurance contract. physical - ANSWER A bodily disease of endangerment, such as cancer, presents a _____ hazard. morale - ANSWER A menta...