Wy Life And Health Insurance Final Exam Questions And Answers

Which of the following statements describes what an Accident and Health policyowner may NOT do? {Ans: Adjust the premium payments}Group/voluntary long-term care policy premiums are typically deducted from the employee's income and, {Ans: are less costly as compared to individual long term care coverage}Which of the following provisions specifies how long a policyowner's health coverage will remain in effect if the policyowner does not pay the premium when it is due? {Ans: grace period}Which of the following health insurance policy provisions specifies the health care services a policy will provide? {Ans: Insuring clause}When an employee is required to pay a portion of the premium for an employer/employee group health plan, the employee is covered under which of the following plans? {Ans: Contributory}An insurance agent's license may be suspended or revoked if the agent has {Ans: engaged in twisting}Which of the following statements about a Guaranteed Renewable Health Insurance policy is CORRECT? {Ans: Premiums normally increase at time of renewal}K failed to pay a renewal premium within the time granted by the insurer. K then sends in a payment which the insurer subsequently accepts. Which policy provision specifies that coverage may be restored in