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