Timeliness
Proof of Loss submission
What is 90 days?
Active Duty and Retired Military personnel insurance
What is TRICARE?
Consideration, Legal Purpose, Offer, Acceptance, Competent Parties
What are the elements of a legal contract?
Owned by shareholders with a board of directors elected by the shareholders and issues non-par policies. Dividends are issued to shareholders.
What is a Stock Insurer?
Entire Contract includes the insurance policy, riders and _________
What is the application?
Free Look Period for Senior Products
What is 30 days?
What is a Specified/Dread Disease Policy?
Elective Cosmetic Surgery, Act of War, Felony, Intentional Self Inflicted Injuries
What are Common Health Insurance Exclusions?
These agents only represent one company
Who are Exclusive/Captive agents?
Group health plans will cover children up to the age of _____
What is 26?
Grace period for Monthly Premiums
What is 10 days?
The recipient of a credit disability insurance payout
Who is the creditor (lender)?
Change of Occupation, Mistatement of Age, Other Insurance with this Insurer, Unpaid Premiums, Cancellation, Illegal Occupation, Narcotics
What are Optional Policy Provisions?
Exists for the benefit of its members and offer life insurance as one of the benefits of membership
What is Fraternal Benefit Societies?
Provisions are written by only one party to the contract causing insurance policies to be contracts of _______
What is adhesion?
No action of law can be brought against a written proof of loss
What is prior to 60 days and after 3 years?
Pays a flat dollar amount as a daily benefit for each day the insured is hospitalized
What is hospital indemnity insurance?
Five types of renewability provisions
What are cancelable, optionally renewable, conditionally renewable, guaranteed renewable, and non-cancelable?
This type of statement is guaranteed to be true
What is a warranty?
If no premium was collected with the application, the applicant must sign a ____________ during the delivery of the policy
What is a statement of good health?
Written Notice of Claim
What is 20 days?
Can be a part of a medical expense plan or a standalone policy
What is a prescription drug plan?
Methods of Handling Risk or STARR
What is Sharing, Transfer, Avoidance, Reduction, and Retention?
This type of statement is believed to be true
What is a representation?
What is the USA Patriot Act?