Idaho Life and Health Final Exam

What are the benefits that must be provided by an individual health insurance policy for prenatal, maternity, and delivery expenses? - Answer- Prenatal, maternity, and delivery expenses are required to be covered under all health plans subject to the same deductible and coinsurance as other medical and surgical expenses. Which situation would qualify an individual for receiving benefits from a qualified long-term care policy? - Answer- Becoming cognitively impaired (mentally ill) How many days is the grace period for payment of premiums in individual life insurance policies? - Answer- 30 According to the Idaho Insurance Code, which of the following MUSt a producer do when replacing a Life Insurance policy? - Answer- Submit to the replacing insurer a list of all Life Insurance policies or annuity contracts proposed to be replaced. A hospital or medical expenses policy will typically cover dental treatment expenses under which circumstance? - Answer- Dental treatment is needed to repair an injury. An insured and the policy's beneficiary die from the same accident. The common disaster provision states the insurer will continue as if - Answer- The insured outlived the beneficiary. A closed network plan offers a primary physical copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - Answer- 100% of the allowed amount. In what part of an insurance policy are policy benefits found? - Answer- Declarations. The Declaration page is like a quick guide to in insurance policy, providing all of the basic information the policy holder needs to know. Which of the following is NOT included in an entire contract provision? - Answer- Changes made by the producer. A producer's fiduciary responsibility includes which of the following activities? - Answer- Being responsible for all funds collected from clients. Whic