Q: What is the term used for a written request for an insurer to issue an insurance contract based on the provided information?
A: Application
A: Application
Q: What do limited health policies cover?
A: A specified accident or disease
A: A specified accident or disease
Q: In medical expense contracts, what is the term that describes the payment method when the insured is responsible for paying the medical expenses, and then the insurer pays directly to the insured?
A: Reimbursement
A: Reimbursement
Q: In health insurance, what is considered a sickness?
A: An illness that first arises while the policy is in force
A: An illness that first arises while the policy is in force
Q: Most health policies will pay the accidental death benefits if the death is caused by an accident and occurs within how many days?
A: 90 days
A: 90 days
Q: Whose responsibility is it to determine that all the questions on an insurance application are answered?
A: The agent's
A: The agent's
Q: What are the two types of expenses that are covered by health insurance?
A: Expenses related to health care, and expenses that compensate for loss of income
A: Expenses related to health care, and expenses that compensate for loss of income
Q: When should an agent obtain a Statement of Good Health from the insured?
A: When the premium was paid upon policy delivery and not at the time of application
A: When the premium was paid upon policy delivery and not at the time of application
Q: What type of hospital policy pays a fixed amount each day that the insured is in the hospital?
A: Hospital indemnity
A: Hospital indemnity
Q: During which stage in the insurance process do insurers evaluate information that identifies adverse selection risks?
A: Underwriting
A: Underwriting
Q: Who is responsible for paying the cost of a medical examination required in the process of underwriting?
A: Insurer
A: Insurer
Q: During the application process for health insurance, a producer is trying to obtain creditable information about the applicant that would help underwriters determine is the risk is insurable. In what role is the producer acting?
A: Field underwriter
A: Field underwriter
Q: If an applicant does not receive his or her insurance policy, who would be held responsible?
A: The agent
A: The agent
Q: What is the capital sum in Accidental Death and Dismemberment (AD&D) coverage?
A: A percentage of the principal sum
A: A percentage of the principal sum
Q: Under a credit disability policy, payments to the creditor will be made for the insurer until what point in time?
A: Until the period of disability ends or until the debt is repaid
A: Until the period of disability ends or until the debt is repaid
Q: If an agent makes a correction on the application for health insurance, who must initial the correct answer?
A: The applicant
A: The applicant
Q: What is the entire contract in health insurance underwriting?
A: The application and the policy issued
A: The application and the policy issued
Q: Who must sign a health insurance application?
A: The policyowner, the insured (if different), and the agent
A: The policyowner, the insured (if different), and the agent