Maryland Life And Health Insurance Study Guide Graded A+

Which report contains information regarding an individual's general reputation and credit standing? {Ans: Consumer report}The amount of a covered loss to be paid by the insured before a major medical expense policy begins to pay is called the {Ans: deductible amount}Which of the following would not be a reason for purchasing a life insurance on a child's life? {Ans: Provide benefits for the child is the parents die}Which of the following is considered a limited accident and health plan {Ans: Cancer plan}an appointment to producer's implied authority is derived from {Ans: Express authority}Employer - paid qualified long - term care insurance premiums are typically {Ans: excluded from the employee's gross income}Which of the following is not a basic underwriting action for accident and health insurance? {Ans: Removing uniform policy provisions}Doing the application process, a statement made by an applicant that becomes part of the contract is considered to be (an) {Ans: Warranty}In order to contribute to a health savings account (HSA), {Ans: the applicant must be enrolled in a High Deductible Health Plan (HDHP)}Which of the following is not a valid contract exchange? {Ans: An annuity exchanged for a life