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D is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits? *Residual Benefit clause *Waiver Benefit clause *Concurrent Benefit clause *Guaranteed Benefit clause - Residual Benefit clause The individual who provides general medical care for a patient as well as the referral for specialized care is known as a: *Physician's assistant *Pri...

A Variable insurance policy: -guarantees a minimum rate of return -does not allow the policyowner to assume the investment risk -does not guarantee a return on its investment accounts -does not guarantee an assignment provision -does not guarantee a return on its investment accounts The individual most likely to buy a Medicare Supplement policy would be a(n) -unemployed 64-year old female -62-year old male covered by Medicaid -68-year old male covered by Medicare -uninsured 60-...

T owns an Accident & Health policy and notifies her insurance company that she has chosen a less hazardous occupation. Under the Change of Occupation provision, which of the following actions may her insurance company take? - Increase her policy's coverage amount When an insurer issues a policy that refuses to cover certain risks, this is referred to as a(n) - Exclusion An agent who tells claimants that their rights may be impaired if they fail to complete a release form within a gi...

An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - An installment Refund annuity One becomes eligible for Social Security disability benefits after having been disabled for 3 months 5 months...

Why does an insurer have a 2-year suicide clause? a) because the commissioner of insurance requires it. b) suicide is never paid for in life insurance. c)to prevent payment of an immediate claim for a person contemplating suicide. d) to help an insurer be more profitable. - Answer: C To prevent payment of an immediate claim for a person contemplating suicide. Which of these could the owner of a life insurance policy do when there is a collateral assignment? a) determine how the divi...

Insurance - transfer of risk Speculative risk - has a possibility of both loss and gain Pure risk - only has a possibility of loss (no gain) Exposure - risks for which an insurance company would be liable expressed in units Peril - cause of a loss Hazard - an increase in the chance of loss Moral hazard - arise from people's character (faking a loss) Morale hazard - state of mind or careless attitude (accidentally leaving door unlocked) Methods ...

individual - premiums paid with after tax dollars, not tax deductible- death benefit tax free, lump sum- death benefit taxabkle to an estate- dividend tax free, accumulate at interest, interest taxable insurance - transfer of risk agent - producer or field underwriter insurer - principle agency contract - between agent and insurer- spells out each one's duties- contains the express authority applicant/proposed insured - seeks insurance from insurer death bene...

What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - insurable interest Statements made on an insurance application that are believed to be ...

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Who elects the governing body of a mutual insurance company? - policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure?...

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If, at the time of an insured's death, the insurance company discovers that the insured's age was misstated on the application for life insurance, the company will most likely - pay the policy proceeds in the amount the premiums would have purchased at the insured's actual age The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is called the: - Waiver of Premium P and Q are married and have three children. P is ...

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application Who elects the governing body of a mutual insurance company? - policyholders An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure?...

What type of reinsurance contract involves two companies automatically sharing their risk exposure? - Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called - reserves When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have - insurable interest Statements made on an insurance application that are believed to be ...

What is a BIT? - The smallest unit of information consisting of either a 1 or a zero. It can only represent two possibilities - either yes or no, black or white. What is a color profile? - A mathematical translator assigned to each piece of equipment you use (they map one gamut to another; and the ICC (or International Color Consortium) profile is usually shipped by the equipment manufacturer). What does "photomacrograph" or "macrophotograph" mean? - Close-ups that are life-si...

You are educating clinical managers in your healthcare facility on how to identify appropriate events for conducting a Root Cause Analysis. Which event provides the best opportunity for an RCA? - a. A post-op patient removes his own IV causing a skin tear from the tape b. A patient with no known allergies experiences an anaphylactic reaction to an antibiotic requiring transfer to ICU. c. The biopsy samples from a colonoscopy are never received by pathology after the procedure d. The...

Patrons at airports typically fall into one of several categories, EXCEPT: a. Business. b. Leisure travelers. c. Curbside check-ins. d. Employees. - Curbside check-ins. The emphasis for Certified Parking Professionals serving the restaurant and hospitality industry is on: a. Speed. b. Convenience. c. Efficiency. d. Service. - Service Advantages of booting include all of the following, EXCEPT: a. More direct control over the process than towing; this is helpful where the boo...

From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3, 4, 5, 6, 12- Code T - D. Boxes 3, 4, 5, 6, 12- Code T Refer...

An employee receives a $3,700.00 net bonus at year-end. When receiving the bonus, the employee's year-to-date taxable compensation is $133,200.00. There is no state or local tax withholding. Using the Optional Flat Rate Method, calculate the taxable income of the bonus. - 5030.59 100%-25% fed tax - 1.45% medicare=73.55% 3700/73.55% Under the FLSA, calculate a nonexempt employee's regular rate of pay for a workweek when the employee is paid $3.00 for each item produced, produces 200 i...

Capitalization does ____ denote a deity not It has been well established in your study of Chapter 7 that the foundational principle of Universal Intelligence has ______ plausible or logical link to religion. no For a concept to have tangible use for you in practice, it must be given ________ utility. clinical To express the individualized intelligence which runs all the functions of our bodies during our wakeful and sleeping hours, I chose the name Innate, Innate __________ ___...