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Pearson VUE Health
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,Pearson Vue - Health Insurance Policy Provisions, Clauses, and Riders Review - 04_13_
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Terms in this set (67)
Correct. Under Waiver of Premium, which is a rider that will What is the initial requirement for an insured to become eligible for benefits under
pay your premium while you're disabled, you must have a the Waiver of Premium provision?
doctor certify that you meet the definition of disability as Insured must be unemployed
contained in the rider. Insured must be hospitalized
Insured must demonstrate financial need
Insured must be under a physician's care
Correct. If a policyowner covered under an accident and What type of rider would be added to an Accident and Health policy if the
health policy wanted to ensure the policy will continue if policyowner wants to ensure the policy will continue if he/she ever becomes totally
they ever become totally disabled, they would want to add disabled?
a waiver of premium rider. Disability Income rider
Accidental Death and Dismemberment rider
Waiver of Premium rider
Guaranteed Insurability rider
Correct. A typical short-term medical expense policy is Which of the following BEST describes a short-term medical expense policy?
best described as nonrenewable or Period of Time (short Guaranteed renewable
term) Nonrenewable
Noncancellable
Conditionally renewable
Pearson Vue - Health Insurance Policy Provisions, Clauses, and Riders Review - 04_13_
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, Pearson Vue - Health Insurance Policy Provisions, Clauses, and Riders Review - 04_13_
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The correct answer is, "31 days". According to the According to the Mandatory Uniform Policy Provisions, what is the maximum
Mandatory Uniform Policy Provisions, the maximum amount of time after the premium due date during which the policy remains in force
amount of time after the premium due date during which even though the premium has not been paid?
the policy remains in force even though the premium has 7 days
not been paid is 31 days. 10 days
31 days
60 days
Under the Time Limit of Certain Defenses provision in an Under an individual Health Insurance policy, the Time Limit of Certain Defenses
Individual Health Insurance Policy, nonfraudulent provision states that nonfraudulent misstatements first become incontestable two
misstatements first become incontestable two years from years
the date of the policy was issued. from the date that the policy was issued
from the date of the sales appointment
from the date that the application was signed
from the date initial premium was collected
An Entire Contract policy provision prohibits an insurance Which of the following policy provisions prohibits an insurance company from
company from incorporating external documents into an incorporating external documents into an insurance policy?
insurance policy. Entire Contract
Waiver
Incontestable
Exceptions and Reductions
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