Xcel solutions final exam Maryland Life and health Exam Solved 100% Correct!!

What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? - A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a - Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) - Warranty What is taken into consideration when defining "total disability" in a disability income insurance policy? - The insured's education, training and expirence Sarah, age 88, is a life annuitant who has lived beyond her life expectancy. The funds for additional benefit payments will be derived primarily from funds that were - not distributed to life annuitants who died before life expectancy Which type of policy can group term life insurance normally be converted to? -An individual permanent life insurance policy Impatient psychiatric care is covered under Part A Medicare insurance for 190 days per - Lifetime A source of supplemental income for a life insurance policyowner can be derived from the - Cash value The absolute assignment of a life insurance policy results in - all incidents of ownership transferred to the assigneeAll of these statements concerning group credit life insurance are false EXCEPT - The face amount is based on the outstanding loan balance