But then this question also arises, When a disabled dependent child reaches the age limit for coverage How long does the policy owner?
26 years old
Which of the following health policy provision states that the producer?
Which of the following health-care policy clauses specifies that the producer has no ability to amend or waive any of the policy’s requirements? The whole agreement. (The producer does not have the ability to amend the policy or waive any of its terms, according to the Entire Contract condition.)
Related Questions and Answers
What is a health insurance provision?
Uniform policy provisions are a collection of terms that insurance firms put in written insurance policies, some of which are required and some of which are optional. Each state has a consistent individual accident and sickness policy provisions statute that spells out exactly what must be included in an insurance policy.
When employees are covered by group insurance they receive?
Employees who choose group coverage often obtain a certificate of coverage, which they will need to show to a later insurance carrier if they leave the business or organization and their coverage is terminated.
Which of the following will be included in a policy summary?
The producer’s name and address, the insurance company’s home office address, the general name of the policy issued, and premium, cash value, surrender value, and death benefit values for certain policy years must all be included in the policy summary.
Does Tricare cover dependents up to age 26?
When adult dependent children reach the age of 21, or 23, if enrolled in college, they lose their normal TRICARE coverage. However, if your kid has TYA coverage, they will continue to get medical and pharmaceutical benefits until they reach the age of 26. You may learn all you need to know about the TRICARE Young Adult Program by downloading the TRICARE Young Adult Program Fact Sheet. 10.08.2021
Who is responsible for giving the applicant the outline of coverage for a health insurance policy?
Who is responsible for providing an overview of coverage for a health insurance policy to the applicant? Upon application or at the time of policy delivery, the producer must provide an overview of coverage to the applicant.
What are the four individual health insurance policies that are regulated by individual states?
– Personal injury protection, high-risk pools, managed care, and liability insurance. Indemnity insurance, high-risk pools, managed care, and association health insurance are some of the options available.
What type of insurance covers the medical expenses of individuals and groups?
Individual and group medical expenditures are covered by commercial health insurance. Rural labor unions may be able to provide group health insurance.
Which of the following policy provisions prohibits an insurance company?
Which of the following policy requirements makes it illegal for an insurance firm to include external materials in a policy? (An insurance firm is prohibited from adding external papers into an insurance policy under an Entire Contract policy clause.)
What is a policy provision?
Policy provisions are sections in an insurance contract that detail the terms and circumstances under which coverage is given, as well as exclusions and other limitations. 06.11.2020
Which term applies to a doctor who has a contract with your health plan?
Preferred Service Provider A provider who has a discount agreement with your health insurance or plan to give discounted services to you. Check your policy to check whether you have access to all recommended physicians or if your health insurance or plan has a “tiered” network that requires you to pay more to visit specific doctors.
What two organizations regulate variable life and variable annuities?
Regulation. The Securities and Exchange Commission (SEC) regulates the selling of variable insurance products, while the SEC and FINRA oversee the sale of variable annuities.
Does the federal government regulate variable life policies?
Variable annuities are regulated at the federal level by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), in addition to state monitoring (FINRA). A securities license is required for anybody selling variable annuities.
Which of the following types of insurance policies is commonly used in credit life insurance?
In credit life insurance, which of the following kinds of insurance plans is most usually used? Credit insurance is a sort of coverage designed to insure the debtor’s life and pay off the loan sum in the case of the debtor’s death. It’s sometimes referred to as decreasing term insurance.
What is a group policy insurance?
Introduction. A sort of insurance plan that covers a large number of individuals under one contract is known as group insurance. This kind of plan ensures that all members of a group have the same amount of insurance coverage, regardless of their age, gender, employment, or socioeconomic situation.
What is a group scheme policy?
“Group scheme” refers to a plan or arrangement that allows for the purchase of one or more policies, other than individual policies, in which two or more people without an insurable interest in each other are the lives covered for the scheme’s objectives.
Who is issued a certificate of insurance with a group policy?
With a group insurance policy, who receives a certificate of insurance? A certificate of insurance with a group insurance policy is given to the participant.
Watch This Video:
A woman’s health insurance policy dictates which doctors she is allowed to see. This is an issue that has been present since the beginning of time, when there was no such thing as a workers compensation. Reference: under workers compensation, which of the following benefits are not included.
- an employee insured under a group health plan has been paying $25 monthly premium
- which of the following premium modes would result in the highest annual cost for an insurance policy
- a policyowner has a health insurance policy with his wife listed as the primary beneficiary
- which of the following determines whether disability insurance benefits are taxed
- a brain surgeon has an accident and develops