Which of the following policy provisions 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 provision.)
Which health policy clause specifies the amount of benefits?
Which clause in the health-care policy sets the amount of benefits to be paid? “Insuring”. The insuring clause of an Accident & Health policy specifies the amount of benefits to be paid.
Which policy provision stipulates for what period of time the policy will remain in effect after the premium payment has been missed?
An insurance grace period is a set amount of time after the premium is due during which a policyholder can pay the premium without losing coverage. The length of the insurance grace period varies by insurer and policy type.
Which of the following provisions specifies how long a policy owners health coverage will remain in effect of the policy owner does not pay the premium when it is due?
The grace period is the extra time after a premium payment is due that allows the policy to remain in effect if the payment is not made. You’ve just finished studying 8 terms!
Which of the following health insurance policy provisions states that the producer?
Which of the following health-care policy provisions specifies that the producer has no ability to amend or waive any of the policy’s provisions? The entire agreement. (The producer does not have the ability to amend the policy or waive any of its terms, according to the Entire Contract condition.)
Which of the following actions will an insurance company most likely not?
When a diabetic applicant applies for a Disability Income policy, which of the following actions will an insurance company most likely NOT take? “Issue the policy with an amended Time of Payment of Claims provision,” is the right answer.
Which insurance does not have a premium that the insured has to pay quizlet?
A waiver of premium provision in health insurance policies keeps coverage in effect even if premium payments are not made: When an insured has reached the policy’s definition of total disability. Which clause in the health-care policy sets the amount of benefits to be paid?
In what part of an insurance policy are policy benefits found?
The benefits of the policy can be found in the brochure or the policy wordings. All of the benefits will be described briefly in the policy booklet, and the policy wordings will be 13 answers0 votes: The portion that is typically referred to as the advantages section contains a wide explanation of the benefits (7)…
Parts of an insurance contract An insurance policy is a contract between the insurer and the policyholder that is placed many pages earlier in one or more coverages and allows the policyholder to choose the provisions and benefit level.
(8)…
What is an insurance policy’s grace period?
After your monthly health insurance premium is due, for a brief period of time (typically 90 days). If you haven’t paid your bill yet, you have until the end of the grace period to do so and keep your health insurance.
If both of the following are true, the grace period for health insurance is normally 90 days:
- You have a Marketplace plan and are eligible for premium tax credit advance payments.
- So far in the benefit year, you’ve paid at least one full month’s premium.
If you do not qualify for a premium tax credit, the length of your grace period may be different. For information about grace periods in your state, contact your state’s Department of Insurance (DOI).