In health insurance, if a doctor charges $50 more than what the insurance considered usual, customary, and reasonable the extra cost is
NOT covered
which of the following riders will provide benefits above the base policy amount
multiple indemnity riders
Which of the following is NOT a feature of a noncancellable policy
the insurer may terminate the contract only at renewable for certan conditions
Uf ab ubsyred misstates their age, the optional misstatement of age provision will
change the payable benefit based on the correct age
which of the following is true regarding a term health policy
It is nonrenewable (the owner has no rights of renewal)
which renewality provision allows an insurer to terminate a policy for any reason and to inrease for any class of insureds?
optional renewable
The section of a health policy that state the auses of eligible loss under which an insured is assumed to be disabled is the
insuring clause
under the uniform required provisions, proof of loss under a health insurance policy normally should be filed within
90 days of loss
In comparison to consumer reports which of the following describes a unique characteristic of investigative consumer reports?
The customer's associates friends, and neighbors provide the reports data
Under the Fair Credit reporting Act if the consumer challenges the accuarcy of the information contained in his or her report the reporting agency must
respond to the consumers complaint
which of the following entities established the DO-NOT-Call registry
Fair Trade Commission
if an application for a life insurance policy is found to be substandard risk, the insurance company is most likely to
charge a higher premium
The term "illustration" in a life insurance polciy refers to
a presentation of nonguaranteed elements of a policy
An _________ ________ need to be answered before the policy is _________. If the insurers recieves an incomplete application they need to be returned the _________ for completion.
unanswered question/issued/applicant
When must insurable interest exist in a life insurance policy?
At the time of application
An agent and applicant for a life insuance policy fill out and sign the application. However, the applicant does not wish to give the agent the initial premium and no conditional reciept is issued. When will and the begin
When the agent delivers the policy collects the initial premium, and the applicant does an acceptable statement of Good Health
All of the following are requirements for life insurance illustration EXCEPT
they must be part of the contract
What policy componet decreases in decreasing term insurance
face amount
annually renewable term policies provide a level death benefit for a premium that
increases annually
which of the following is an example of limited-pay life policy
Life paid at age 65 (the premium paying period is limited not the maturity)
which of the following best decribes annually renwable term insurance
it is a level term insurance
which type of life insurance policy allows the policy owner to pay more or less than the planned premium?
universal life
ART policies are ________ _______ each year to the insured's attained age
adjusted premiums
In which of the following cases will the insured be able to recieve the full face amount from a whole life policy?
if the insured lives to age 100
which of the following is true regarding the accumulation period of annuity
it is a period which payments into the annuity grow tax deferred
All of the following are true regarding a decreasing term policy EXCEPT
The payable premium steadily declines throughout the duration of the contract
(premiums remain level; only the face amount decreases)
an agent selling variable annuist must be registered with
FINRA
the President of a compnay is starting an annuity and decides that his corporation will be the annuitant. which of the following is true
the annuitant must be a natural person