Olivegrades

Generic Name - ANSWER Is often derived from the chemical name; common name of the medication Contraindication - ANSWER Any condition which makes a particular treatment or procedure inadvisable. DD Form 1289 - ANSWER DoD Prescription

The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPT - ANSWER insurance sales calls Charities, political organizations, and surveys are all offered exemptions from The Do Not Call Registry The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable The renewability provision in a cancelable policy allows the insurer to cancel or terminate the policy at...

Basic Medical Expense policies - ANSWER Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - ANSWER -A supplement (in addition) to Basic Medical or as a stand-alone policy. -individual or group policy. -Take over when the Basic Policy runs out Hospital Expenses - ANSWER -Pay for covered expens...

Stock Insurance Company - ANSWER Issues non-participating policies and is owned by stockholders who received taxable corporate dividends as a return profit Reinsurance - ANSWER The transfer of risk between insurance companies. The reinsurer assumes some or all of the risks of the ceding, or primary, insurance company Domestic - ANSWER Insurer organized under the laws of the resident state Foreign - ANSWER Insurer organized under the laws of another state within the United States

What do individuals use to transfer their risk of loss to a larger group? - ANSWER Insurance What are the four elements of an insurance contract? - ANSWER Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. In the agent/insurer relationship, who is considered the principal? - ANSWER Insurer Insurance contracts are aleatory in nature. What does that mean? - ANSWER Unequal values are exchanged between the parties to a contract.

The requirement that agents must account for and properly remit all insurance funds collected is known as what type of agency? - ANSWER Fiduciary What document is required for an insurance company to transact insurance? - ANSWER Certificate of Authority In forming an insurance contract, when does acceptance usually occur? - ANSWER When the insurer approves a prepaid application

To qualify for appointment of agent - ANSWER 18 YOA, US citizenship not required, no minimum residency Original certificate good for.... - ANSWER 180 days Renewal for license - ANSWER beinnially on birth month, $5 fee Types of risk - ANSWER Pure risk - covered by insurance Speculative risk - not covered (gambling) How to handle risk - ANSWER avoid it

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - ANSWER preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - ANSWER better than average mortality The waiver of premium does NOT include which provision? - ANSWER Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance product may contain - ANSWER the insure...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare su...

According to the law of large numbers, how would losses be affected if the number of similar insured units increases? - ANSWER Predictability of losses will be improved Which of the following can be defined as "the potential for loss"? - ANSWER Risk An insurer has a contractual agreement which transfers a portion of its risk exposure to another insurer. What type of contractual arrangement is this? - ANSWER Reinsurance contract Which of these statements regarding insurance is