Fundamentals of Insurance Chapter 11
(BC Canada) Questions Fully Solved.
Identify 3 work-related benefits provided by workers compensation plans - Answer Any
necessary health care costs
Any necessary medical and vocational rehabilitation programs
Replacement for lost earnings for time missed from work
Death benefit
Indicate who would purchase an individual accident and sickness insurance policy - Answer
Self employed
People who do not have a group plan at their place of work
High income employees
People seeking better coverage terms than those provided through their own group plan
Define disability - Answer If the insured is unable to perform the important duties of the
regular occupation, full benefits would continue to be paid even if such person was working at
another occupation.
Define elimination period - Answer This is the. of self-insurance between the onset of the
disability and the commencement of the disability benefits. Usually the longer the elimination.,
the lower the premium
Identify three types of information about the applicant which are important in determining the
cost of premiums - Answer Type of Policy
Applicants personal information
(BC Canada) Questions Fully Solved.
Identify 3 work-related benefits provided by workers compensation plans - Answer Any
necessary health care costs
Any necessary medical and vocational rehabilitation programs
Replacement for lost earnings for time missed from work
Death benefit
Indicate who would purchase an individual accident and sickness insurance policy - Answer
Self employed
People who do not have a group plan at their place of work
High income employees
People seeking better coverage terms than those provided through their own group plan
Define disability - Answer If the insured is unable to perform the important duties of the
regular occupation, full benefits would continue to be paid even if such person was working at
another occupation.
Define elimination period - Answer This is the. of self-insurance between the onset of the
disability and the commencement of the disability benefits. Usually the longer the elimination.,
the lower the premium
Identify three types of information about the applicant which are important in determining the
cost of premiums - Answer Type of Policy
Applicants personal information
