Missouri Life And Health Insurance Exam Study Guide

K is the insured and P is the sole beneficiary on an Accidental Death and Dismemberment(AD&D) insurance policy. Both are involved in a fatal accident where K dies before P.... {Ans: Proceeds will be paid to P's estate}Which of these is NOT considered to be an element of an insurance contract? {Ans: Negotiating}Which unfair trade practice involves making false statements about the financial condition of another insurance company {Ans: Defamation}Which Medicare product requires use of specific hospitals and physicians for non-emergency care {Ans: Medicare Select}Which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance policy? {Ans: Apply, complete and review with customer before signing, then sending it off}When determining the monthly benefit amount for a Disability Income policy, the factor that limits the amount a prospective insured may purchase is {Ans: Income}Which of these is considered a true statement regarding Medicaid {Ans: Funded by both state and federal governments}B is a teacher who was injured in a car accident and cannot work. She is now receiving monthly benefits as a result of this accident. Which type of policy does B have?