Study guides, Class notes & Summaries

Agent/Producer - ANSWERS-A legal representative of an insurance company Broker - ANSWERS-An insurance producer not appointed by an insurer and whom represents the client Insured - ANSWERS-A person covered by an insurance policy Insurance policy - ANSWERS-A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal - ANSWERS-Insurer, company who issues insurance policies Policyow...

A practice test that examines research on agents/brokers and the roles they play during accidents in relation to health insurance and medical care.

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1 .Yes, she can enroll at anytime in the future 2 .Yes, however; she would have a permanent premium penalty when she does enroll 3 .No, this is a take or leave it situation 4.Yes, but she would have to show evidence of good health. Corr...

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1 .Yes, she can enroll at anytime in the future 2 .Yes, however; she would have a permanent premium penalty when she does enroll 3 .No, this is a take or leave it situation 4.Yes, but she would have to show evidence of good health. Correct ...

Michigan Health Insurance Licensing Course