Missouri life and health Study guides, Class notes & Summaries

Life and Health Insurance Exam (Missouri) with Verified Solutions Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value K failed to pay a renewal premium within the time gra...

Insurance transaction includes: - ANSWER By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - ANSWER -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - ANSWER - Applicant When does acceptance take place - ANSWER - An insurers underwriter approves the application and issues a pol...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWER insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWER when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - ANSWER amount of premium payments and...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWERwhen the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? - ANSWERamount of premium payments and wh...

Missouri Life and Health Exam Questions and Answers 2024

Final Exam-Missouri Life and Health Already Passed Which of the following types of care is typically not covered in a Long-Term Care policy Accupuncture S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with minimum level or risk. Which product would S be advised to purchase? Equity index Insurance Each life insurance applicant in Missouri is expected to be provided with a(n) Buyer's Guide and Policy Summ...

Missouri Life and Health Exam Questions and Answers 100% Pass

Missouri Life and Health Exam Questions and Answers 100% accurate! In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - ANSWERinsuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? - ANSWERwhen the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains...

Missouri Life and Health Insurance (2022/2023) Already Passed Insurance transaction includes: By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - Applicant When does acceptance take place - An insurers underwriter approves the application and issu...

Missouri Life and Health InsuranceInsurance transaction includes: - correct answer By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - correct answer -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - correct answer - Applicant When does acceptance take place - correct answer -...