Health insurance fx Guías de estudio, Notas de estudios & Resúmenes

Health Insurance (Exam FX)-with 100% verified solutions-2023-2024

What law protects consumers from the circulation of inaccurate or obsolete information? correct answer: The Fair Credit Reporting Act What do individuals use to transfer their risk of loss to a larger group? correct answer: Insurance What term describes the fee a person pays an insurance company to start coverage? correct answer: Premium When a change needs to be made on the application for insurance, which is the best method for correcting the information? correct answer: complete ...

Health Insurance (Exam FX) Agent/Producer - A legal representative of an insurance company Broker - An insurance producer not appointed by an insurer and whom represents the client Insured - A person covered by an insurance policy Insurance policy - 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 - Insurer, company who issues insurance policies Policyowner...

exam fx texas life and health insurance flashcards Questions and answers latest update 2024

EXAM FX TEXAS LIFE AND HEALTH INSURANCE FLASHCARDS|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS

what are the three risk classifications in life insurance? - ANSWER-Standard, Substandard, Preferred what is the main responsibility of a company's underwriting unit? - ANSWER-Risk Selection When would a misrepresentation be considered material? - ANSWER-when it may alter the underwriting decision What entities make up the Medical Information Bureau? - ANSWER-Insurers if an applicant for an insurance policy and the potential insured are two different people, what would be the underw...

Involuntary Muscles - ANSWER-cardiac and smooth muscles that can't be controlled by the mind and movement Voluntary Muscles - ANSWER-skeletal muscles (attached to bone) that can be controlled by mind and movement Skeletal Muscles - ANSWER--muscles attached to bone-voluntary-contracts quickly and fatigues easily Smooth Muscles - ANSWER-visceral (organ) muscles-involuntary-wall of digestive track, uterus, blood vessels-controlled by automatic nervous system Cardiac Muscles - ANSWER--h...