Which Of The Following Would An Accident Only Policy Not Cover

Question: What is the term used for an applicant’s written request to an insurer for the company to issue a contract, based on the information provided?

Answer: Application

Question: What document describes an insured’s medical history, including diagnoses and treatments?

Answer: Attending Physician’s Statement

Question: When is the insurability conditional receipt given?

Answer: When the premium is paid at the time of application

Question: In underwriting a substandard risk, which of the following is INCORRECT?

Answer: A discounted premium would be charged.

Question: Under a typical health insurance policy, claims that result from injuries while the insured was intoxicated or under the influence of drugs are generally

Answer: Excluded

Question: The most the Insurance Guaranty Association will pay for net cash surrender values is

Answer: $100,000.

Question: Which of the following is the most common time for errors and omissions to occur on the part of an insurer?

Answer: Policy delivery

Question: Which of the following would an accident-only policy NOT cover?

Answer: Surgery to repair a wrist damaged by tendonitis.

Question: Underwriting is a major consideration when an insured wishes to replace her current policy for all of the following reasons EXCEPT

Answer: Premiums always stay the same.

Question: Because of the history of cancer in her family, Julie purchased a policy that specifically covers the expense of treating cancer. Her policy would be classified as what type of policy?

Answer: Dread Disease Policy