Health & Life Insurance Kentucky Latest Study Guide Exam 2024 Q&A Updated

Health & Life Insurance Kentucky Latest Study Guide Exam 2024 Q&A Updated Fair Credit Reporting Act - CORRECT ANSWER-Must advise people that reports and or medical reports on them are being requested When proof of loss has been furnished, periodic benefit payments must be made not less frequently than - CORRECT ANSWER-monthly Partial Disability Payments - CORRECT ANSWER-Partial disability payments are often made as the result of accident disability. Usual partial disability benefit is 50% of the toal disability benefit. Less hazardous work - CORRECT ANSWER-lower premiums Elimination or Waiting Period - CORRECT ANSWER-The period after a disability commences and before you may begin recieving benefits Require notice of continuance of claim - CORRECT ANSWER-6 months A&H Policy with Accidental BI - CORRECT ANSWER-Phrase is less restrictive than the phrase accidental means The age of insured has been mistated, all amounts payable under the policy - CORRECT ANSWER-such that the premium paid would have purchased at the correct age How many days must you submit the claim in - CORRECT ANSWER-90 days HMO Enrollment - CORRECT ANSWER-voluntary Benefits can be paid to - CORRECT ANSWER-a hospital, physician, or surgeon Application - CORRECT ANSWER-Written statement made by the applicant to the insurance company requesting the issuance of an insurance policy on the basis of the information furnished in the app. Non Cancelable Policies - CORRECT ANSWER-cant increase the premium rate after it is in effect Recurrent Disability - CORRECT ANSWER-Disability, which is due to the same or a related cause of disabilit