Accident and Health Insurance Basics ( Latest 2023/2024 ) New Full Questions and Answers ( Included ) 100% Correct
- In which of the following cases would a credit disability policy be issued?
Answer: If an individual is in debt to a specific creditor, payments will be made for him/her until the return to work
- An insurer hires a representative to advertise its company at a local convention.
The representative lies about the details of some of the policies, in an attempt to secure more business for the company. Who is responsible for the representative's claims?
Answer: The insurer
- A health insurance policy that pays a lump sum if the insured suffers a heart attack
or stroke is known as
Answer: Critical illness
- All of the following statements concerning Accidental Death and
Dismemberment coverage are correct EXCEPT Answer: Death benefits are paid only if death occurs within 24 hours of an accident
- What is an important feature of a dental expense insurance plan that is NOT
typically found in a medical expense insurance plan?
Answer: Diagnostic and preventive care
- The agent is known as the "Field Underwriter" because of the information he/she
gathers for the insurer. This helps the insurer
Answer: Avoid adverse selection
- Which of the following is true about the requirements regarding HIV exams?
Answer: The applicant must give prior informed written consent
- Which of the following do the Standard and Preferred risk categories share?
Answer: Premiums are not elevated
- Under the Accidental Death and Dismemberment (AD&D) coverage, what type
of benefit will be paid to the beneficiary in the event of the insured's accidental death?
Answer: Principal sum
- Regarding health insurance premiums, all of the following statements are true
EXCEPT
Answer: Substandard risks are not insurable and are always rejected
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