Health Insurance Exam Questions And 100% Verified Correct Answers 2024

Within what time frame must an insurer pay the death benefit? {Ans: The insurer must affirm or deny any liability on any claim within a reasonable time and must offer payment within 30 days of receipt of due proof of loss.}Who is required to sign the application for life insurance? {Ans: Both the agent and the proposed insured (usually the applicant) must sign the application.}What is an identified insuring clause? {Ans: It identifies the insured and the insurance company.}What is the time limit on a person's right to return a policy? {Ans: 10 days}When is general enrollment period for Medicare Part B? {Ans: January 1 through March 31 of each year}What are the grace periods for an individual policy? {Ans: In most cases the grace period can be not less than 7 days for weekly pay policies (industrial policies), 10 days for monthly pay policies, and 31 days for all other modes.}