Mastersquiz1

If one procedure needs a default Order Class of "Clinic Performed", can all procedures be assigned to the same category? Explain. - ANSWERSYes. The procedure needing the "Clinic Perform" Order Class can be setup in the procedure record and it would override the Procedure Category List. Name the procedure hierarchy's three levels. - ANSWERSProcedure, Procedure Category and System Definition What is the purpose of the procedure category? - ANSWERSAdministrators use procedure categories ...

a predetermined limit. - ANSWERSInsurance is a method risk is transferred to an insurer for consideration up to 1. spouses in each other 2. parents in their children 3. creditors in their debtors - ANSWERSWhich of the following would be considered proper establishment of insurable interest in the life insurance area? It is called the mortality rate - ANSWERSWhich of the following statements about the average number of people who die each year is true? Equal value is not necessarily gi...

Which welfare program provides assistance to the needy? - ANSWERSMedicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - ANSWERSrevocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - ANSWERS30 Which type of term policy allows the policyowner to switch to permanent insurance? - ANSWERSConvertible term What does renewable term guarantee? - AN...

Which clause allows the insured to change an existing policy to any other policy of any type as long as the new policy has a higher premium, without any proof of insurability? - ANSWERSPrivilege of change clause The extended term nonforfeiture option provides: - ANSWERSPaid-up term coverage equal to that of the original policy With a collateral assignment of a life policy to a creditor: - ANSWERSYou assign a partial amount of the policy values to the creditor An accounting measure used ...

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis something that increases the chance of loss. ...

industrial life insurance is also referred to as - ANSWERSdebt policy Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in all of the following circumstances, except: - ANSWERSmisstatement of age on the application Insurable interest for life insurance is necessary only at the time of: - ANSWERSapplication Which of the following types of policies would a sports team purchase to obtain coverage for a season? - ANSWERSblanket If the insurer c...

In reference to the standard Medicare Supplement benefits plans, what does the term standard mean? a) All plans must include basic benefits A-N. b) Coverage options and conditions are developed for average individuals. c) All providers will have the same coverage options and conditions for each plan. d) Coverage options and conditions comply with the law, but will vary from provider to provider. - ANSWERSC Which of the following is true regarding a single life settlement option? a) Payme...

Term Insurance - ANSWERSTemporary protection because it only provides coverage for a specific period of time. Also known as pure life insurance Term insurance provides what is known as _________________ - ANSWERSpure death protection Term insurance provides the greatest amount of coverage for the _______________ - ANSWERSlowest premium Term insurance has no ____________ - ANSWERScash value Three basic types of term coverage available, based on how the face amount (death benefit) chan...

Agent/Producer - ANSWERSA person who acts for another person or entity with regard to contractual arrangements with third parties; a legal representative of an insurance company. Agent/Agency Contract - ANSWERSa contract that is held between an insurer and an agent/producer, containing the expressed authority given to the agent/producer, outlining the duties and responsibilities to the principal. If the agent is in violation of the agency contract (or agreement), he or she may be held persona...

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