And Health Insurance Final Exam Review Questions & Answers (Rated A+)

When can a representation be altered or withdrawn? {Ans: Before the insurance is effected, but not afterwards}What feature contained in a major medical expense policy is designed to discourage the use of emergency room treatment: {Ans: Deductible}What is the provision in a long-term care (LTC) policy that will adjust benefits at periodic intervals? {Ans: Inflation protection}When an insurer voids an insurance contract due to an intentionally fraudulent omission by the insured of a material fact, it is known as: {Ans: Rescission}Your license will be considered to be inactive when you: {Ans: No longer have any appointments}Insurers may change which of the following on a guaranteed renewable health insurance policy: {Ans: Rates by class}