Life And Health Final Exam Set Questions And Answers

An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. {Ans: 15.}Which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or hobbies? {Ans: Unacceptable risk.}How are health plans classified according to the Affordable Care Act? {Ans: Bronze, Silver, Gold, Platinum; The four tiers of "qualifying health plans" you or your employer can purchase on the exchange.}An insured and the policy's beneficiary die from the same accident. The common disaster provision states the insurer will continue as if {Ans: The insured outlived the beneficiary.}Under a life insurance policy, what does the insuring clause state? {Ans: The insurer's obligation to pay a death benefit upon an approved death claim.}A disability policy owner is injured and becomes totally disabled. The benefits pay for 2 years, starting from the date of the injury. What is this time period called? {Ans: Benefit period.}