Insurance Exam Fx With 131 Questions And Answers

Preferred Provider Organization (PPO) {Ans: an organization of medical professionals and hospitals who provide services to an insurance company's clients for a set fee}administrator {Ans: an individual appointed by a court as a fiduciary to settle the financial affairs and estate of a deceased person}credit life insurance {Ans: a special type of coverage written to pay off the balance of a loan in the event of the death of the debtor}group disability insurance {Ans: a type of insurance that covers a group of individuals against loss of pay due to accident or sickness}universal life {Ans: a combination of a flexible premium and adjustable life insurance}consideration {Ans: the blinding force in a contact that requires something of value to be exchanged for the transfer of risk}actual charge {Ans: the amount a physician or supplier actually bills for a particular service or supply}buy-sell agreement {Ans: a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled}disclosure {Ans: an act of identifying the name of the producer, representative firm, limited insurance representative, or temporary insurance producer on any policy solicitation}defamation {Ans: an