Missouri life and health Study guides, Class notes & Summaries

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Missouri Life and Health Exam Questions with Correct Answers_2024

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Missouri Life And Health Final Exam – Questions With Complete Solutions

The accelerated death benefit provision in a life insurance policy is also known as a(n): -ANSWER Living benefit. Under an individual health insurance policy, the time limit of certain defenses provision states that nonfraudulent misstatements first become incontestable two years: -ANSWER from the date that the policy was issued. ______ can be defined as "making an unfair comparison of two insurance policies". -ANSWER Misrepresentation. Which entity issues Medicare supplement insuranc...

MISSOURI LIFE AND HEALTH FINAL EXAM

Missouri Life and Health Exam Questions and Answers 100% Solved 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 ️️insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? ️️when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pert...

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 w...

Missouri Life and Health Insurance Questions & Answers(Rated A) 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...